Showing posts with label Life Insurance. Show all posts
Showing posts with label Life Insurance. Show all posts

Saturday, 28 April 2012

Taking All the Questions Out of Life Insurance Types and Requirements

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Are you too old for life insurance? Not necessarily, but contrary to insurance salespeople, everyone is a candidate for life insurance. There are also a lot of confusion about the difference between various types of insurance such as life insurance and life insurance. Our goal is to bring confusion to the needs of all your life insurance.

Many people do not understand or do not really need life insurance. Most people try to avoid thinking about it and justify by saying they have no money when they died. This is very true, but the big question is:. "Has your spouse or need money" If the answer is yes, you could be buying life insurance is the next question, what kind?

You can unload variable capital between term life insurance, life insurance, universal life insurance or universal life insurance and do not forget to choose the mortgage life insurance. This is a great way to get your money back if you die immediately mortgage. This means that your family can live mortgage-free as long as they own the home. With all the different types of life insurance, it is not surprising that most people choose to do nothing. Our goal is to take the mystery out of this policy so that you can make an informed decision.

The different types of life insurance

or life insurance: term life insurance is the backbone of most life insurance policies. You pay a fixed premium for a certain period. If you happen to die during this period, the insurance company pays the predetermined amount. The problem with term life insurance is that you do not die within that period, listening, reporting to exist, and you end up with nothing. Another problem with the term life insurance is that the premium may, after a period of time to increase. You can often buy another insurance after the expiration of the term, but the speed will often be much higher.

or Whole Life Insurance: Unlike term insurance, life insurance cover life. Basically, you pay a monthly premium for the rest of his life. If you want, you can pay off in politics during his lifetime and receives a lump sum. Life insurance companies have a nominal value and the actual value. The notional amount is the amount payable by death or maturity of the policy, the present value of the amount you receive is to provide the policy before death or maturity.

or universal life insurance: This type of insurance is still very different from the previous two. This type of insurance has premiums and invests in bonds, mortgages and money market funds. The Fund will pay the cost of the death benefit, the set when you will buy this life insurance. If the fund goes wrong, the insurance company is on the hook to pay a guaranteed minimum price. This type of life insurance is a bit more flexible than others, because you can change the premiums and death benefits based on your current budget. This type of flexibility is often associated with young couples or families, can change the situation quickly popular.

or variable universal life insurance: This type of insurance will depend largely on how their investment opportunities have been made in recent years. The best investments that benefit on the death reward for you.

or no load life insurance: low load or no load life insurance often has fewer resources than the traditional policy of life insurance. What this means for you is that most of the premium will earn you more money instead of commissions and other charges. Talk to your financial advisor, as it is likely that sells insurance to low flat rate of life for a fee or commission.

Once you have decided that buying have a life insurance policy, the next question has to be? "Like" We recommend that you talk to your accountant and financial advisor. They can help you determine exactly how much money your family will need to maintain your current standard of living if something will never happen. They can help you determine, based prices provide what kind of life insurance you can on your income and expenses.

We hope that we have achieved our aim to inform you about the different types of insurance policies on the market. There are a large number of dealers who can offer a range of products. We hope you have some information to you. Ask the right questions for you and your family

Amy-Jo Strutt is an expert author and regular contributor to [] For more information about all other types of insurance, see [http://www. insuranceprotection coverage. com / index.html]

Tuesday, 20 March 2012

Life Insurance: The Foundation

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In order to achieve your financial destiny requires financial planning. A financial plan must take into account its good and bad times during a person's life . Buying life insurance accounts for potential bad times during a person's life and that is the main reason for buying ' s life . Yes, I said three malicious words " purchase life insurance . ' Life insurance is the foundation of any sound financial management plan.

Basics of Life Insurance

For many people life insurance is when something is going to buy the "one day" seen . Most people know that they have to life insurance , but never take the time to do basic research .First, the life cover is a replacement income in the event of a spouse or parent dies prematurely be . If you and your spouse to produce income , then it must be protected. Today, most families income of both spouses must , no matter how much they deserve to live their lifestyle needs.Life insurance coverage is at stake when a spouse dies prematurely , and the result is always needed for the family. Most financial experts recommend that a person should have 5 to 10 times your annual salary. This is not a hard and fast rule , but this number will give you a starting point for the amount of coverage .Life insurance is not meant to be your retirement plan or college funds for their children. If you sold your financial advisor you have a policy in order to meet these needs should get a second opinion .

Types of Life Insurance

For a couple , if you look at the political life of three types of life insurance, group insurance , insurance value of cash and long-term care .

Term Insurance Group

Group insurance is the easiest to explain . Group long-term insurance life insurance joint offer by the employer to the employee . Life insurance covers only the employees in the labor market. In general, the cover is responding the annual salary of the employee , not the recommended 5-10 times the annual salary for only one or two times. This type of insurance is a good liability insurance and should not be your primary insurance .Group insurance is cheaper because of the amount of coverage is low and there is little the approval process or not

The cash surplus

The second type ' of life goes by several names : life insurance or permanent insurance cash value. With Cash -QA has two different levels of cover . One is the nominal or real your beneficiaries receive coverage . It also has a second amount . The value of cash The cash value increases over time and their beneficiaries receive the face value and the actual value depending on the payment method.All life has once again become popular in the last decade due to the low profitability of the market. However, the life insurance as described above does not intend your retirement account , but income protection . It is much better to save your money for retirement, as Roth IRA.Of the three types of cash value life insurance policies is the most expensive .

Life Insurance

The last type " of life insurance is insurance. As the name suggests, provides coverage for a certain period or term. A time when less than one year to 30 years or more. At the end of his term of office may re-evaluate your life insurance needs see how . during this phase of his lifeA common long-term many families to buy in 20 or 30 years. A period of 20 years would be years , but be sure about his responsibility to the tip , the next 30 years should be sufficient.One tip that you should be aware of long term care insurance is your choice at the end of the term. Do you find the same policy guaranteed renewable policy with no medical questions. The reason is that you never know what our health can be on the road like 20 or 30 years , have a guaranteed renewable policy is critical to your financial plan.Many cheaper term policies must be new - qualify for life insurance at the end of the term. This means that you have to answer medical questions that have to maintain the supply .Term life insurance costs more than the insurance group , but is generally 2-3 times cheaper than cash value insurance . But do not just look at the cost as the only factor. You have the recommended 5-10 your annual salary at a number of suitably protect your family arrive . Find the amount of coverage that you and your spouse need and price.

What the experts say

I have never enjoyed listening only financial advisors and insurance agents. I like to see what others have to say about these topics. If the question is more productive life insurance company or third persons recommend term life insurance . Read financial magazines like Smart Money and Money magazine and books by Dave Ramsey or Suze Orman or newspapers like the Wall Street Journal and USA Today, for a second or third opinion .The sources said , at one time or another , that long-term care , a better way to protect your family.Foundation Life insurance is a financial plan and a family depends the profit for the financial year plan into reality. Then remove the income of the plan falls apart. Life insurance can protect the financial plan, if one spouse goes ahead .We build our financial future.For more information, please visit financial independence.

Friday, 16 March 2012

7 Deadly Mistakes to Avoid When Buying Term Life Insurance

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The amount of power sufficient life insurance? How do you know that?

For most people talk about life insurance sounds almost as fun as visiting the dentist. But, like going to the dentist, you can worsen ignoring a relatively minor problem and turn something that was uncomfortable only in a nightmare. In today's economy, where everyone is looking to cut costs, it may be time to rethink how much life insurance you really need are reporting.
If you want to terminate an existing contract, you can use these 7 mistakes that people make with their lives before looking at it.

1 "I'm ready for life!" According to a recent survey by AllstateInsurance middle-income Americans believe that the majority of respondents believe that the people have a certain amount of life insurance, but I thought it was just enough to cover the outstanding debts and funeral expenses. Surprisingly, about 20% felt that the term life insurance to replace the income of the deceased for the benefit of the surviving family.
According to a recent survey by the Insurance Information Institute, a third of adults have no life insurance at all. Among those who remain, most of them have only the insurance that comes from their social benefits usually 1x, 2x or maybe your annual salary. Chances are, there will be no adequate replacement income adequately supported its position after his death his.

In fact, with a term life insurance is seven to ten times his current salary is the minimum recommended for anyone with young children. This amount will ensure that the children and the surviving spouse is financially strong enough to do so over time it takes to adapt to the loss of a spouse.
Two. "Life insurance'd rather not talk about it." Let's face it, no one wants to think about their own mortality. The idea of ​​death is a little uncomfortable for most people over. However, most people want to ensure that your loved ones are financially secure after your death.

This weekend you can find a few minutes to make with your spouse or partner, and the question: "How have you and the kids if I had received:" It is important to address this issue now None. promised another day, and it makes sense to have a plan in place as soon as possible. You never get a second chance, a life insurance policy after the last purchase!

Three. "My father told me that they have coverage equal to 7 times earnings." In our parents' generation, the old board that was 7-10 times earnings was solid. In the world of today "Today it is not a useful measure due to various circumstances of life today. Much dynamics were can easily be found not so common 50 years ago today. A single person with no dependents have less need of a family to a partner stay home and four children. Stepfamilies also new complications when planning for the life insurance.

Treasures instead of the order, how much you need your family, is a more accurate approach to sit down and list the things that you want to protect. What are the costs to ensure that their children be placed in the way you want, or they can attend the college you want to attend? Manage your spouse as the mortgage, taxes, utilities, food on the table, keep the car, etc? These are little things that are often overlooked when a financial plan, but have very large challenges in the event of premature death of a spouse who works.
April. "I never thought." One area that overlooked when a financial plan is to take into account that the employer benefits that would be lost through the death of a working spouse can be paid. Costs such as health insurance, payments from retirement accounts, credit for child care, etc., all believe the death of an employee. Note that a health plan sponsored by an employer subsidized by the employer. To ask the question is then: "When I die, the subsidy How can I pay the health care system for my family when I'm gone disappears."? Part of the answer, of course, to ensure that your life insurance enough money to cover the new health insurance bill paid.

Mai "I'm too busy to worry about life insurance worry now." It is easily the long term, if we so consumed out of sight with the management of our lives. Do not lose track of lose, how many it will take a long time for your children to be independent, and make sure that the amount of life insurance that is equal to the task. A general rule to plan your children are "dependent" in 25 years because of school and looking for a career. If the child is 10 today, you want to have at least a 15-year policy to cover this risk period
June "It's too expensive." One of the first objections that many people have to buy a term life insurance is that it is too expensive for them. This is a big mistake in thinking, because it is possible to find a policy that fits your needs and your budget. Term life insurance is much less expensive than permanent insurance, and is the ideal tool to manage their financial risks.

For example, a 40 year old man with a regular structure, Non smoking, and taking medications to treat high blood pressure, a 20 life insurance of $ 500,000 one-year mandate to get $ 44.00 per month.
July. He bought and forgotten. So, you have a term insurance policy for five years? They are the same person today that was five years ago? If we are honest, the answer is "No" Perhaps there were some changes in your lifestyle, like getting married, having children, buying a house, etc. These major "life events" are exactly why you should Check your life insurance from time to time to ensure that your policy covers your "new" condition.

The determination of the amount of coverage your family needs is one of the most important decisions you can make. Sit down with your family and start a discussion. Once you have the right amount of coverage that you spent a couple of sentences, you will certainly see that you feel comfortable when you start a life insurance application. After all, the term life insurance provides peace of mind to do.
Andrew is Enrique's agent management, life insurance advice line to ask questions about planning for life insurance that offers a wide range of insurance and pension products from reliable answer given industry. For further information, by comparing a question or life insurance rates instantly, visit

Wednesday, 29 February 2012

Life Insurance and Life Assurance are Not the Same!

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The average man in the street assumes that Life Insurance and Life Assurance names for the same type of insurance. How wrong they are! But do not hang your head in shame, many financial analysts also wrong! Life insurance and life insurance in various financial roles and are poles costs - so it helps to navigate the right product.

Life insurance provides protection for a specified period (called a "term" policy). So, if you as the policy is in force, die, the insurance company pays a tax-free amount. If you survive the end of the period, the contract is complete and has no residual value whatsoever. No value if there is no demand - in this context is the same as your car insurance!

Life insurance is different. It is a mix of investment and insurance products. A life insurance policy pays an amount of at least guarantees the well under the terms of the insurance policy or investment account. The value of the investment element is then dependent on the profitability of the investments of the insurance company and how long you have paid into the system.

Each year, the insurance company an annual premium for the guaranteed amount of his life insurance and it is usually a "premium" extra point at the end. So over the years from your life insurance policy increases the value of the cumulative investment commitments. Value of these bonds is determined by the investment performance of the insurance company. Once goodwill has been allocated to the policy, you can cash in on the insurance company. However, most people get a better price for your life insurance by selling to a specialized investment broker rather than cashing the insurance company.

If you die during the term of a contract of life insurance pays the highest minimum guaranteed amount and the total value of the annual investment grants. However, if you still live in the political ends usually a higher payment. This is because most insurance companies, an additional terminal bonus is awarded.There is also a specialized form of life insurance is called "life." These measures shall remain in force as long as you live and as such, have no set time.

There is also a practical impact for the user. Although you can life insurance online life insurance financial services authority in principle to buy as an investment product. So believe it is more likely to be sold with advice from a financial advisor for a full understanding of their personal data Advisors basis. Therefore, you will not be able to buy life insurance online. However, you can use the internet to allow you to meet a suitable financial advisor to discuss and find your needs.

What are the policies of life insurance and life insurance are they used?

Life insurance is usually a focal point for the economic protection of the family. It is ideal to ensure that known as mortgage debts are paid in full in the event of the death of measures.

If it dies in the provision of a lump sum for general use in case of the insured during the policy comes into force, either life insurance or life insurance can be used. The differences are that the life insurance payment would be the size of predefined, while life insurance depend on the guaranteed minimum investment performance of the insurance. But remember, at the end of a term life insurance is worthless, whereas life insurance pay a considerable amount of investment.  

In this context, life insurance seems much more interesting, but in practice, most people choose a life insurance policy. Why? It is a matter of cost. Life insurance is much cheaper than life assurance. In addition, in recent years, investment income life insurance companies have significantly reduced and many insurance companies have placed sanctions to hit early capital. This has negatively affected the resale value of life insurance.

Finally, if you want to offer a lump sum on your death a product is always a guaranteed minimum payment is probably quite decide for life insurance. It really is a form of investment for life with a guaranteed minimum benefit. They are particularly useful for Inheritance Tax Planning.Challiner Michael has over 15 years experience in the marketing of financial services at the advanced level. Michael works as an editor of the online brokers life insurance []Read the questions life insurance Futher []Another website life insurance specialist reading []

Thursday, 2 February 2012

Whole Life Insurance Basics

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If you are shopping for life insurance, start with two important questions: How much insurance do I need? And what type of policy should I buy?

If your short-term and long-term calculated, it is time to decide which type of policy is right for you: term life insurance or life insurance.

Term life insurance provides protection for a specified period, such as 10, 15 or 20 years, premiums increase over time, if you buy a term "level" policy, which means that the premiums stay the same safe. It is possible that the duration of the contract, in the event that your contract expires and you have to shop for another policy if you want to get even coverage survive.

With a whole life policy (also called permanent insurance), you do not have to make your long-term policy on potentially survive because your contract offers insurance protection for your entire life, as long as premiums are collected. With life insurance, unlike term life insurance, you also build "value" in politics that you can tap into the future.

Premiums are much higher for permanent life insurance term because of costs and fees (see box) that you do not pay with term life.

Value of money is an important selling point for the whole life: This is an account in your policy that accumulates over time, tax-deferred, of a portion of your premiums and interest rates fueled by the insurance. In fact, the entire contract period is designed for you to enjoy this money in the future. When you die, your beneficiaries receive the death benefit, not the money, except for certain universal life insurance policies.

Fonts whole [] build cash value, slowly at first, but then the pace after a few years when your life begin result to grow faster than the cost The "mortality" (the cost of insurance you). If you want a life insurance explained in detail, your life insurance agent should be able to show some pictures of the types of policies.

Lifetime could be an interesting option for any of these reasons:

    Others rely on you for financial support in the long term.

    They are concerned about the survival of a term life insurance and not buy additional insurance deteriorated due to age or health status in a position.

    You want to build cash value in addition to protecting your beneficiaries.

    You want to create a legacy for your beneficiaries after your death.

    Your beneficiaries will have to pay the benefits for the property taxes on other assets.

"Whole life insurance for anyone who loves someone is suitable," says Scott Berlin, senior vice president in charge of the Department of Human Life at New York Life Insurance Co. does two things for you "Age: protect your family and allows them to save for the future. "

Berlin says that the benefits of whole life is that you do not have to survive on your policy (which is possible with term life) to take care of and it is the "savings forced" component of the account of the surrender value, which grows tax-deferred. Once the cash value is built, you can access all - retirement, your child's college tuition or the vacation you've always wanted. Life insurance policies are also entitled to dividends (depending on the company and unsecured), which can be used in a variety of ways, such as providing additional life insurance paid up, the increased earning both the benefits and the present value of the life insurance.

"Term is like renting your insurance purchase," says Berlin. "You do not build up any residual value whole life is like owning a home -., You build equity."

Berlin warns against buying term life insurance just because of the difference of the highest quality.

"If you think 35, 20 years is a long time, but life is not always what you think," he said. "People who are permanently buy insurance, the value they provide for their families."

If you feel that a contract of life insurance is right for you to decide, but you think you are not in a position to premiums for the nominal value paying wish recommends Berlin purchase as much life as you can afford and fill the remaining amount of your face with the term life. Later, you can convert your term life insurance whole life.

For the rich with large fields, the confidence of a whole life insurance is a way to pay estate taxes when they die.

A range of decisions
 If the characteristics of life insurance [] do the trick for you, there are several varieties depending on your needs and financial risk-taking.

    Ordinary life insurance: Premiums are level for as long as you live and your policy increases the value of money. The initial annual cost will be much higher than the same amount of temporary life insurance, but when you get older that gap closes.

    Limited payment life insurance: This strategy allows you to pay premiums for a specified period, say 20 years or 65 years, but you are insured for your entire life. Thus, the premium payments will be higher than if the payments were spread over the course of your life.

    Single Premium Life Insurance: This policy will be freed after a large deposit.

    Life Insurance Universal (VU): This strategy allows you to vary your premium payments and adjust your death benefit according to the changing needs of the recipient. You must be aware of how much is in your account and if you make payments to the policy must remain in force. There are also UL policies, uniform premiums and UL policy with an option premium and expected delivery guaranteed life can offer death. These policies may offer lower premiums in exchange for a slow accumulation of cash value, if any.

    In universal life insurance variable capital (LCV): Here's your money value and death are associated with a particular investment account. Their value of cash and increase the death benefit if the underlying investments do well, or they can shrink considerably under poor investment performance. Please read the prospectus carefully and never buy a VUL policy, you do not understand. There may be an additional premium required to guarantee a certain amount of death benefit.

    Life survival, as second-to-die life insurance: This type of insurance offers lifetime two lives at once (usually a man and a woman) and pays the death of the second person. This is good for people who require the beneficiary disappeared after two. It is also less expensive than life insurance in two separate policies.

    Could be any type of whole life insurance above "participating" or "non-participation": Participating or non-participating life insurance. You have a contract with the participation, if your life insurance company pays the policyholder if it has a good exercise. Dividends are not guaranteed and will vary from year to year if they are paid for, but if you participate, you can take your dividends in cash, use it to pay premiums or use for the face value of your insurance purchase to increase policy. The dividends are not as long as they do not exceed the taxable premiums you have paid in.

The presentation of the life insurance

If you are considering a policy in which premiums and benefits vary in case of death or the interest on the investment, you should get a life insurance illustration from your agent. This is a picture of what could happen to your policy. Or maybe not.

The presentation should show you that the insurance company guarantees (such as guaranteed interest rates or death) and what remains will be open to market conditions. You will be prompted to a form stating that you understand that some parts of the sign representation not guaranteed.

Being paid

Happy stage of the life insurance is when the values of the expected future dividends and dividend policy sufficient to cover your future premiums, and you have to make premium payments from his pocket. This is called a premium offset proposal or arrangement "POP". Means "pop" as the present value is now big enough that it can be used to pay your premiums for the rest of your life by the insurer. You can always have the value of your money, but you have to take the premiums to keep the policy in force or support for the reduced value of the remaining cash services.

You can also calculate a policy of "limited" compensation for the premiums for a certain number of years or a certain age, such as 65th

New York Life, "New York Life Custom Whole Life", a life insurance policy that you can set your own choose paid guaranteed. (You have to pay premiums for at least five years and can not afford the premiums 75 years of this policy.) So if you want to retire in 12 years and you want to release your warranty policy at this time. New York Life will calculate the premium necessary to have your full in 12 years as political, that you do not have to pay through the payment of premiums for life insurance during your retirement worries. If you need the full benefits of life insurance is reduced during your retirement, you can also start withdrawing or borrowing to supplement the value of the money in your retirement income.

Plan for all situations

Life insurance companies offer a number of drivers that can be placed in life insurance. (All driver can not be offered by all companies, and many insurers offer other specialized riders not listed here, so check with your agent.)

    Accidental death benefit rider: Pays an additional benefit if you die in an accident.

    Disability Rider: Provides a regular income from the insurance if you are totally and permanently disabled.

    Level with regard to rider: Adds a fixed amount of care to the whole life policy for a specified period.

    Living benefits rider, also known as accelerated death benefit known: pays a portion of your death benefit during your lifetime if you are diagnosed with a terminal illness and have a life expectancy specified (such as 12 months). You can add these drivers after the purchase of the policy.

    Care (LTC) rider in the long run: Country LTC expenses if you meet certain criteria.

    Option to purchase the policy you are the contractual right to purchase insurance without evidence of insurability. For example, you may need additional life insurance after the birth of a child.

    Waiver of premium rider: premium waived in the event of disability or unemployment. (Conditions depending on the insurer).


    The hard sell: An unscrupulous insurance agent can push life insurance if the care is sufficient for your needs, all sales of life insurance could offer a great commission.

    Churning: If your agent suggests your current policy should be changed, beware. "Churning" is when an agent convinced you to abandon the old policy and buy a new one because it's a new commission to you.

    You thought you were paid: you may be used to document the value of your money, have signed to buy a different policy.

    Term or Permanent: a comparison service

You've probably heard the advice "buy term and invest the difference." And to do this job, you must have the financial discipline to actually invest the difference each year. And if so, how much you get in advance, or do you prefer?

The Consumer Federation of America (CFA) provides a return (ROR) service that compares you with a report that invests "real" return on investment estimates on policy cash value over a long-term policy with premium difference in a savings instrument. The service is run by James Hunt of the CFA, the life insurance actuary and a former Vermont insurance commissioner.

The analysis can be used for the policy you are considering or already have done. The cost is $ 70 for the first figure and $ 50 for each additional illustration submitted at the same time. The cost of the variable life insurance policies that you have already purchased (except during the free look) and for the life of the survivor (to die a second) is $ 80 / $ 50.

Maximize your policy cash value

 Hunt, who analyzed the life insurance for almost 25 years, said that because of the high costs associated with living together, you have options to keep your premium dollars will be found in the policy to maximize. He suggests that these strategies:

Deny all riders (except term care insurance on your own life and disability waiver of premium rider riders) because they eat into your potential monetary value.

    If you look at the picture, make sure that the present value of the first year is an important part of the cost of the premium for the first year. (A good number would be 50 percent or more.)

    Consider buying directly and not through a full officer. Examples of direct sellers Ameritus and TIAA. The returns of this policy of "low stress" are higher than the returns for comparable measures usually bought by agents.

If you value in life insurance money may be looking supplement retirement income, shows that hunting you may be better off buying term life and maximize other tax-deferred retirement are the first, as 401 (k), 403 (b), IRA or Roth IRA.

Test Winner 

Perhaps you no longer want or need a whole life policy many years ago. If it will be your policy "outdated" just simply paying the premiums and you need to chalk it. Up to a costly mistake If the policy long enough to have kept build cash value, your insurance company will begin to use the value of the money to cover the premiums to the value of the cash runs out.

Thursday, 19 January 2012

AmerUS Life Insurance Company Review

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AmerUs Life Insurance Company is a leading company in the life insurance provider in the United States. His website allows the customer that the company began in 1896, when it established as a central life insurance company. Although the company has grown rapidly since the beginning , through the opening of years, you have the necessary people already to function properly and successfully get to a primary life insurance company in the United States have . It was not until 1996 that the name of the company AmerUs Life Insurance Company was acquired and then actually started to organize an insurance exchange .
Things are getting more and after the 2000 Indianapolis acquired life insurance and finally ended the year with an estimated $ 21.5 billion in assets. The big news on AmerUs took place in 2006, when AmerUs and Aviva Corporation have acquired an agreement under which Aviva and paid $ 69 per share in cash . This means that all operations were combined and the company is based in Des Moines , Iowa.

Life insurance in the U.S. is always a great thing. In the past, no one thought that the life insurance is what you need to get, and some people actually think it would be a waste of money to buy. With current as of 9/11 , Americans have come to their senses and realize that accidents can happen to anyone at any time , it is always best to be prepared .
With the life insurance market , more and more , it is not surprising that more and more companies in life insurance are . With so many companies it is difficult to know which is best for you. That's why a customer should always try to do the trick , either online or in person. If you are a company that can only be , and when you think with other companies , their price, you will find it is not as expensive , and find what you feel compare great confidence in signing .
If you try to connect to the main AmerUs you will direct to a letter from Aviva Life Insurance Company. Since the two companies combined and performed under the name Aviva is important to know them. Aviva is the fifth largest insurance group in the world and is the largest life insurer in the UK. The company is huge and has approximately 58,000 employees and serves approximately 35 million customers worldwide. It is one of the strongest in the business of life insurance products and services to dollar conversion long-term assets of over $ 600 billion and 65 billion. The company itself is in London, England and its history dates back to to 1696. This means that the company has more than 300 years , and enjoys recognition and fame that not many others could aspire worldwide .
Life insurance AmerUs (now Aviva life and annuity Company) Company offers numerous life insurance products that can help build an unexpected death a person to financial security for the future in the event. Some of the products that are offered in the United States, the company indexed life insurance , universal life insurance , single premium life , survive Indexed Universal Life Term Insurance premium level and excess interest life insurance.
Indexed life insurance : This type of life insurance allows people to have flexible payment options and death benefits. The good thing about this type of policy is that it offers the accumulation of cash value , based on how to develop the major indexes . It is also worth noting that this type of policy also protects the policy of a bear market risk and lower prices. If you buy this Aviva as " unsecured motion tab" on their politics aside " Builder advantage " , the death benefit of the policy to the whole life of the insured person to be extended.
Universal Life Insurance : This type of life insurance is a very common type of permanent life insurance in the U.S. market. This type of policy in reality , the amount of a beneficiary of the policy is set in some fixed minimum and maximum limits. This allows the insured to actually buy the amount of life insurance he or she prefers.
Individual life insurance premium : This type of policy is unique in that it pays a single premium even for a death benefit that can actually take a lifetime. It was for people who have savings or money they need when they have designed an emergency.
Survivor Indexed Universal Life: This type of life insurance is when two lives (probably more than a few) insured and pays a benefit after the second person dies . In other words, if the husband dies before his wife , the policy will not be refunded to the recipient. It also has the potential , the cash value that accumulate are ultimately delivered to the beneficiaries according to the two people in the matrix of policy.
Prima temporary security level : Perhaps the most famous of life insurance in the U.S. type because it is not permanent . This type of insurance provides just be sure to provide protection for a specified period. In AmerUs (now Aviva ), the people 10, 15, 20, or buy long-term policy of 30 years based on the needs they have. This type of policy does not accumulate cash value , but the amount that buys the policyholder in the event of death of the insured will be paid to the beneficiary.

The added value of life insurance: There are products are made to ensure that professionals , entrepreneurs, individuals and managers get what they need the life insurance industry . What this kind of policy that give guarantees fixed premiums and death benefits .
As you can see AmerUs went far beyond what they have achieved many life insurance companies. With the combined help of Aviva North America, the two companies have raised the life insurance market in the United States to a whole new level. In deciding whether AmerUs and Aviva may be a good option for life insurance for your needs , make sure you research your options carefully with Aviva life insurance agent license .
Make sure that you compare life insurance quotes from the largest companies together to decide which best suits your needs policy. Start your search for cheap life insurance today!

Wednesday, 18 January 2012

Life Insurance - Learn From an Old Agent

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Life Insurance is an insurance that pays for the death of the insured. It should really be called "death insurance", but people do not like that name. But he said the death of an individual. Actually, what is covered, what is the economic loss resulting from the death of the insured.

These economic losses have many different ways, such as:

- The proceeds of each "head of family" in family
- The loss of the services of the family of a housewife, mother
- A final cost of the death of a child
- The final cost of a person after an illness and medical treatment
- Envelope "Keyman", which means that the owner or employee of a company worth against the financial losses the company would suffer the death ensured
Estate Planning insurance pay when a person is insured in case of death of inheritance tax -
Is purchased "purchases and sales agreement" in the life insurance to fund a commercial operation in the premature death of the parties to the transaction -
- Accidental death in which a person buys a policy that pays in the event of death due to accident
- Mortgage life when the borrower a policy that pays the mortgage on the death insurance purchases - and much more.

Life insurance has been around for hundreds of years, and in some cases a better quality product. The insurance companies have actuarial tables to develop the study of statistical models of human mortality in the time ... Usually a life span of 100 years. These tables are surprisingly accurate and allow insurance companies to accurately predict the number of people of all ages die every year. From these tables and other data obtained insurance companies, the cost of insurance.

The costs are usually brought as an annual cost per thousand of coverage expression. For example, if you want to buy $ 10,000 coverage and cost per mile was $ 10.00, the annual premium would be $ 100.00.

Modern medicine and nutrition has increased the life expectancy of most people. Increased life expectancy has led to a sharp decline in life insurance premiums. In many cases, the cost of insurance are just a few cents per mile.

There is really only one type of life insurance that is a temporary insurance. This means that a person is assured for a certain period of time or a period. The rest of the products life insurance long term care insurance as the main ingredient. Any additional components which may be used. However, insurance companies have many, many other lifestyle products invented to conceal the reasons for life insurance tend. Also greatly enrich the insurance companies.

Term life insurance

Life insurance is a basic annual renewable policy. Each year the premium is slightly higher than the person ages. Insurance companies have developed a level premium policy, which stopped the annual premium increases for policyholders. Insurer essentially add up all the raw 0-100 years and then divided by 100th This means that in the early years of the policy, the insured person pays more money to finance the cost of pure insurance, and in the years after the premium is less than the cost of pure insurance.

Product level term itself can be designed for the conditions of length 5, 10, 20, 25 or 30 year term. The process of the average premium is equal.

But this new product has caused some problems. Insurers know that the vast majority of members do not have a policy for life. Therefore, the holders of long-term measures in the future and then terminate pay their policy premiums. The insurance companies were happy because they have kept the money. But over time, the concept of surrender value developed.
The cash surplus

Insurance with a cash value portion of the premium will not be credited to an account associated with your policy. The money is not yours ... This is the exclusive property of the insurance company. If you cancel your contract and request a refund, we will return the money to you. Otherwise, you have more options:

1 Use the value of money, buy more insurance
Two. Use the value of money to pay premiums on existing
Three. You can borrow money at interest
April. When you die, the insurance company keeps the cash value and pay only the face value of the insurance policy.

So make the cash value of the product make sense? My answer is "NO!"

Surrender value of life insurance, there are many other names, such as:

- Whole Life
- Universal Life
- Variable life
- Interest-sensitive life
- Life is not involved (excluding dividends)
- Participating Life (dividends)

Many insurance agents and companies trying to sell their products as an investment product. But the expression value for money is not an investment. Investment dollars and insurance premiums should not be combined in a single product. And more investment dollars should be invested in an insurance company. They are the intermediaries. You take your investment and invest and keep the difference.

Think about the methods being used by agents to sell life insurance, and compare them with any insurance any other kind What you see is what life insurance sales tactics and techniques are ridiculous compared to other insurance companies.

Would you consider buying a car insurance or insurance or insurance in which you have paid additional premium support from the insurance company, or you have to meet them? But curiously, have a life insurance agent was a great success, to convince intelligent people that the cash value of life insurance is to buy a good product.

Care to guess why insurance agent sells insurance cash value and aggressively prevents temporary insurance?

Insurance companies have become immensely rich insurance cash value. Thus, in order to promote sales, they pay huge commissions. Of long-term insurance costs can vary from 10% to 50%, sometimes even 100%. However, cash value insurance commissions of up to 100% of the premium for the first year and renewal commissions can be beautiful for years after.
But not only the commission that counts. Rewards also come into play term life insurance is much cheaper than cash value insurance.

Here is an example of a 30 year old man, Non smoking, buying $ 100,000 coverage:

Term life insurance is $ 0.50 per mile for a premium of 50.00 USD. A 100% commission, the commission would be $ 50.00.

Actuarial present value is $ 12.50 per thousand for a price of $ 1,250.00. A 100% commission, the commission would be $ 1,250.00.

So you see, it would be for an agent to place their own future financial well-being of its customers easy. It is 25 long-term policy for the same board to sell, that only a policy of monetary value.

But in my opinion, that the officer had violated his duty of loyalty to the client, it is the duty of placing the client's needs above you. The agent will also put aside their conscience.

My opinion is that life insurance agents to work from any of three positions:

1 Ignorance - they do not know how insurance cash value.
Two. Greed - know exactly how the cash value of the insurance and sell anyway.
Three. Knowledge and work - that care to sell.

What do you want to do the business agent?

How do I know? Because I was selling life insurance cash value at the beginning of my career.

When I started as an insurance agent in 1973, I knew absolutely nothing about how life works. The insurance company told me discourage sell life insurance and long term care insurance to customers. But after a while of reading and research, I learned that the insurance cash value is a bad thing. I started selling long-term care only. I refused to let go of my conscience. I went back to some customers and changed their original cash value of the policy over time.

Thursday, 29 December 2011

Advantages of a Whole Life Insurance Policy

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To begin, you must understand that life insurance falls into two very broad categories: Whole and term. The basic difference between life insurance and everything is as follows: A life insurance policy is unique.
In life insurance, as long as you continue to pay premiums, the policy does not for a lifetime is made. As the term applies, whole life insurance provides protection for life or until the person reaches the age of 100 years.
Whole life insurance accumulates a cash value (usually beginning after the first year). With whole life, you pay a fixed premium for life instead of the increasing premiums found in life insurance term. In addition, the life insurance has a cash value of the function, which is guaranteed. In temporary and all life, all of the premium must be paid to keep the insurance.

With level premiums and the accumulation of cash value life insurance is a good option for long-term goals. In addition to the protection of permanent life insurance is a life insurance savings element that allows you to create deferred tax money. The policyholder can cancel or abandon the whole life insurance policy at any time and receive the cash surrender value. Some life insurance companies may produce higher values ​​redemption guaranteed amount, depending on the loan interest rates and how the market works. Surrender values ​​of life insurance policies may be affected by the future of a life insurance company performance. In contrast to life insurance policies, which have guaranteed cash values, not guaranteed surrender values ​​of life insurance companies with variable capital. You have the right to borrow against the cash value of your life insurance policy on the loan. Supporters of the life insurance say the cash value of life insurance policy should compete well with other fixed income investments. 
Unlike term life insurance, life insurance provides a minimum guaranteed benefit at a premium that never changes.
One of the most valuable benefits of a life insurance policy is the opportunity to participate earn dividends. The insurance on the overall performance of its investment company based benefit of a whole life insurance policy. In addition, while interest rates for universal life insurance often set the interest paid on a monthly life insurance is adjusted annually. How many insurance companies, life insurance has many policy options. 

Monday, 26 December 2011

Survivorship Life Insurance

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Mr. and Mrs. X have an important heritage considering leaving a legacy to their children. As part of the process of planning, your financial advisor recommends they purchase a life insurance policy for survival.

Mr. and Mrs. Y have a son with special needs. They are worried about their financial security after they leave. His lawyer brought the idea of ​​a life insurance policy for survival.

The two couples decide to share more information about life insurance or life insurance, survival survival, and that is what they have learned to get.

Survivors' insurance life insurance joint survival or life insurance is a policy that insures the lives of two people, usually a wedding, but as a person.

Death benefits of a life insurance policy for survival are not paid to the beneficiary before the surviving spouse also dies. For this reason, life insurance of survival is known as the second die life insurance.

One of the main reasons couples buy the insurance for survival is to impose property taxes and other estate settlement costs. The policy uses marital deduction that allows you to defer payment on all federal estate taxes and death of the surviving spouse.

At this time all the taxes that have made on this important day to pay due to the appreciation of the property value.

This is where the insurance of the common survival stage. The proceeds of the policy will be used by the beneficiaries pay no property taxes, and meet other costs, eliminating the need to liquidate a portion of the estate.

The only drawback is that neither the few secure property rights can have on politics. The beneficiary of the policy must be a third party, as the couple's children insured or a trust.

About life insurance is purchased by couples who have children with special needs to ensure their financial well being. The product of the second to die life insurance to ensure that sufficient funds are available in the event of death of both parents are left for the child.

Sunday, 25 December 2011

Life Insurance - What is Universal Life Insurance?

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Many people are between the benefits and life insurance, whole life insurance provides intelligent. Enjoy the accessibility of imprisonment. They also love its flexibility. Temporary be canceled without significant penalty life insurance, and news began several different death benefits and higher amounts.

On the other hand, life offers something for protection against the risks non-life to death. The policy does not expire after a number of years, because the concept of life, so that consumers do not have to new reports. As a result, the cover can not be denied that in the future due to age or illness. Premiums will not increase. Because of these guarantees, but life is not flexible. The death benefit and the premium is determined at the time of signing the contract.

The solution for many people is a universal life insurance. Universal life has been described as a hybrid between the life and words of life, but this is a misnomer. Universal life insurance is a type of insurance for life. This allows greater flexibility and lower costs for traditional life, but shares characteristics of life: continuous coverage, premiums do not change for reasons of age or health, and the accumulation of value redemption.

The main difference between the life and words of life is the life of the hedge. With Standard Life insurance coverage is limited at a certain period of the term. At some point, either the coverage expires or insured. If the insured dies during the term, the death benefit paid to the beneficiary. If the insured survives the term coverage will cease at the end date of the policy. Some term life be renewed without physical examination, but premiums increase with age of the insured at the time of renewal. With a lifetime to continue indefinitely until the insured dies coverage. Universal life insurance shares this property with life insurance. Both are permanent life insurance forms.

A person can cover a number of life insurance policies for eighty or ninety. If an individual term life insurance is renewed or a new request, but the cost of insurance increases, due to increased mortality in the elderly. For example, for a 30-year term insurance for one 20 $ 500 000 years to life for only $ 245 per year, assuming he is healthy, do not smoke, do not participate in sports or extreme activities leisure and travel in dangerous areas of the world. However, serve a 60-year-old health and in similar circumstances, other criteria must always be at least U.S. $ 2,525 per year for the same 20 years $ 500,000 policies. At age 70, $ 10.680 per year will pay for the same policy. If a person develops health problems during the time that the expression of the life insurance premiums do not change. If the person does not have a term life insurance "renewable", then when the time and the person who made the request for term life insurance coverage, increase premiums significantly. If the person has developed or has suffered serious health problems such as cancer or a heart attack, he or she may not be insurable at all.

Not to increase the cost of the permanent life insurance policy over time or changes in health care. Coverage can not be completed, no matter what health problems have insured. Guaranteed insurability is the highest cost of permanent life insurance.

Another important difference between term life insurance and whole life insurance is that life offers saving features, while life is not the end. Term life insurance is "pure". It insured against death, and that's all. Life also insured against death, but also provides a mechanism for the accumulation of cash value or savings. Universal Life also offers saving features.

Early in the life of a whole life or universal life insurance, the cost of insurance against premature death is much less than the amount of the premium. Fewer benefits and rights of society - in a tax-advantaged savings account, the insurance company to file the excess. This amount is known as "cash value." These funds are invested by the insurance company. Investment income is credited to the account, which increases the current value. These funds are available to the insured in the form of a loan or withdrawal. If the insured cancels the contract, you will get the value of the money that the policy of "cash value."

Universal through the difference in the degree of flexibility of the life insurance policy should make adjustments. With whole life, the death benefit is determined premium and the value of the accumulation of cash at the outset. With universal life, the insured has the option to increase or decrease the amount of the premium (within certain limits) and increase or decrease the death benefit. For example, the policyholder can reduce premiums if the starting price priceless. If the insured wishes to accumulate or increase the death benefit plus the cash value, he or she may pay a higher premium.


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