Permanent Life Insurance For many of us the thought of having a life insurance policy is not a pleasant one. To get life insurance for yourself is in a way to accept that you are going to die one day. And however much truth that does contain, it is always hard to accept such a fact. But at the same time none of us would want to see us our family landing up in acute financial distress after we pass away. Nor would someone like to see his long-term business partner face a severe financial crunch because his business partners untimely death. Getting a permanent life insurance policy solves such problems. What is Permanent Life Insurance? Permanent life insurance gives coverage in the event...
Continue reading...
What You Need To Know About Permanent Life Insurance There are several types of life insurance in the market today and there has been many unique contracts issued over the years. I am here to shed some light on how to properly utilize a permanent life insurance contract to improve your financial situation. There are a lot of pundits who believe buying permanent insurance is not a good financial decision. I am here to tell you they are wrong and the wonders/secrets of permanent life insurance are being utilized by some of the wealthiest people in the world. In fact, did you know people like Warren Buffett and Bill Gates are investing in permanent life insurance contracts to save and...
Continue reading...
In contrast to term life, Permanent or cash value life insurance is designed to provide a lifetime of protection for your loved ones and estate. Can permanent life insurance be viewed as an asset class? Can it help with expenses for retirement, college funding, or major purchases? Colleges, corporations, endowments have been using permanent life insurance in their portfolios for years. Permanent or cash value life insurance can provide features such as: Death benefit protection during working years Tax - deferred growth potential based on performance of an index such as the S&P 500 with pre-determined caps To participate in market performance with no market downside Supplemental...
Continue reading...
Life insurance packages. Permanent Life Insurance When we talk about life insurance, many people envision the ultimate outcome: a payout to a beneficiary when someone passes away. And that is true, for term life insurance. Permanent life insurance takes it a step further. Not only does it include a death benefit, but it features a cash value or savings benefit, which can be used by the policyholder in a variety of ways. Permanent term life insurance. What’s the difference between permanent and term life insurance? Term life insurance provides a death benefit, which is generally paid to the beneficiary free of federal income tax. The insurance pays the policy’s death benefit if the insured...
Continue reading...
Find Affordable Health Insurance for Individuals, Families and Businesses Finding affordable health insurance may seem like a daunting task. With the Affordable Healthcare Act and new regulations taking effect, people are more confused than ever. How do you sort through plans, deductibles, and networks, and choose a policy that makes sense for you, your family or your employees? An independent insurance agent who specializes in health insurance can be an excellent resource when you want to evaluate health plans. You may discover that you can find a lower cost option through an independent agent than you can through your employer. This is because these agents can compare plans from multiple...
Continue reading...
If you have been reluctant to seek out life insurance because you simply are not sure of the process, there are some steps you can take to make it easier. You can take time to do some research about a term life insurance plan, learn the terms associated with life insurance, and take some important tips about shopping for insurance rates. With a little preparation, you may find that buying insurance is not nearly as frightening as you’d expected. As you are looking for a great insurance quote, one of the first things you have to do is to be sure you are comparing apples with apples, and to search for an insurance quote that’s right for you. You may find cheap insurance with an awesome price...
Continue reading...
Nowadays, we know how important it is to have life insurance if we want to provide protection for our loved ones and ensure that there are enough funds to cover any debts after passing away. However, there are many different options on the market from numerous insurance companies so we are on a mission to make the process of deciding between term life vs permanent life more accessible and easy to understand. In this article we will look at the differences between term life versus permanent life insurance. As well as explaining each option fully, we will also take you through the pros and cons of term life vs permanent life so you will be left in a better position to make this very...
Continue reading...
If you’re thinking about starting a life insurance policy you’re going to have many options depending on the company you go through and how you want your policy set up. There are different ways to set up a life insurance policy and different types of policies to choose from. The two main types are Term life Insurance and Permanent life Insurance. Term Life Insurance Term life insurance policies are just what their name says, the policies are effective for a term of time or a certain number of years. I’m not the biggest fan of term-life policies and would only recommend a term policy in certain cases. For instance, I would recommend a term policy if someone needed insurance for a...
Continue reading...
Can You Get A Life Insurance Policy On Someone Without Them Knowing To protect people you love, you may think of getting a life insurance policy on them. So, can you get a life insurance policy on someone without them knowing? Even though you may want to have it in secret for good reasons, other people may get a life insurance policy on somebody for the wrong reasons. Whichever way, you cannot get a life insurance policy on someone with his or her consent. So can you get a life insurance policy on someone without them knowing about it, here are some things you need to know? Before you ask the question, can you get a life insurance policy on someone without them knowing? It is vital to...
Continue reading...
About Permanent Life Insurance Permanent Life Insurance is one of the types of life insurance. It is considered to be one of several types of life insurance plans that do not lapse or expire. Permanent life insurance combines a savings plan with a death benefit. The savings part builds cash value. The policy owner is allowed to borrow against the cash value. Under certain restrictions, the policy owner can use the cash value to meet obligations. An example of a qualified withdrawal would be paying for a child’s college education expenses. There are two types of life insurance that qualifies as permanent life insurance. The two types of permanent life insurance are whole life insurance...
Continue reading...
