When buying life insurance, there are basically two types of insurance products, Term life insurance and Permanent life insurance. Term insurance offers temporary risk protection for a very affordable price, especially in the early years of the term. Permanent insurance offers lifetime coverage, usually for a fixed or declining cost. One of the most popular types of permanent coverage is universal life insurance.In this article we will look at 4...more
Life insurance is a commodity - sold and procured. But many people would not want to think about this particular product. It usually is associated to something all of us hate to come - death. But if you would just give your underwriter time to explain the benefits, maybe you can have a change of notion about life insurance. What are the benefits?You have to accept that we cannot control our lives and that death is an eventuality only God knows...more
If you are a business owner, chances are you have life insurance policy. But a buy sell agreement ads further protection for the longevity of your business. A buy sell agreement is a type of agreement that works along side a life insurance policy. The way a buy sell agreement works is if a business owner dies, the surviving owner (or owners) would require funds to purchase the deceased's share of the business. The agreement would supply the funds.The following discussion will focus the different options you have for funding a buy sell agreement.There are two typical options one can use to fund such an agreement. The first option is a term policy, which will terminate after certain duration of time (unless the insured has died). The second option is a permanent policy, which will last indefinitely until the benefit is paid out. Both of these policies of course are dependent upon regular premium payments, as both can lapse without them.Term life insurance only provides a death benefit it the insured passes away during the policy term. While this may seem like disadvantage, however term life insurance is the most simple and affordable life insurance option. If the need for life...more
To begin with, you need to understand that life insurance falls into two very broad categories: Whole and term. The basic difference between term and whole life insurance is this: A term policy is life coverage only. In whole life insurance policy, as long as one continues to pay the premiums, the policy does not expire for a lifetime. As the term...more
Long-term needs are not constant due to the fact that they are needed in a long period of time. The costs are usually high in states like New Jersey, Washington, and California where long term care is needed most. A wide-ranging survey is conducted by Genworth Financial which states that the average rate for Assisted Living Facilities...more
What is the most important thing in life?We all value different things so obviously the answer will be different for all of us.Even though we value different activities and prefer to have different possessionsall of us will undoubtedly value one thing.Our actual experience!If there is one thing that anyone wants to improve upon it is how we experience life!We may be bored with our experience and wish to improve upon it in some way;become better and expand our capabilities. We may wish to purchase some newpiece of technology or buy new clothes.The things we desire we do so because we think they will complete us make us more than what we already are and therefore enhance our experience of life!We are buying feelings as well as buying things. These feelings are what willbring us the experience we desire and perhaps in some peoples minds help thembecome different people and think and or act in different ways.This is the core of what drives human behaviour - the need to either avoid uncomfortable feelings or attain pleasurable feelings.What are ways to enhance our experience?There are many ways but the most effective will be always be associated with your mindand what you do inside...more
Do you understand variable life? It may be easier to understand if we can contrast it to whole life insurance.It is a permanent policy, and it can grow a cash value. But it is also different than traditional whole life.A whole life policy does have a...more
When shopping for life insurance, disability insurance or health insurance you might have been approached by any number of agents representing different companies to offer you advice and insurance products. Very often agents who represent only one...more
Life insurance agent- Tips to become a good insurance agent A good insurance agent should be excellent sale person with a pleasing personality. The insurance agent must possess superior mathematical skills and constantly keep up-to-date on any...more
Many whole life insurance policyholders tend to abandon their policies and lose their investment after paying so much for insurance and investing in the future. They may find a more appropriate policy for them and be aware of the different things...more
If you are shopping for a new life insurance plan it is important that you understand all of your options. The more that you know about what is available to you the better off you will be in making a well educated decision.First, there is term...more
In case you have not heard of the predictions about the Apocalypse 2012 yet, you can say you are one of those few people who are left ignorant about what is to take place come 2012. Make sure you are not left clueless about what is going to happen...more