Did you know you can sell all or a portion of a life insurance policy, even term insurance? When someone has an unwanted or unneeded life insurance policy, it’s a wise move to think about ways to turn the liability of the premiums into a lump sum of cash. Surrendering a universal life policy, whole life, term policy, or any permanent life insurance policy means the insurance company will pay you a portion of the value in exchange for cancelling the benefit. How do you know what the cash surrender value adds up to? We’re going to simply explain how this is calculated. How Do I Find The Cash Value of My Life Insurance Policy? There are two types of life insurance surrender value: guaranteed...
Continue reading...
You need to enable JavaScript to run this app. So, you’re looking to protect your loved ones with life insurance coverage if you’re not around to provide for them. Smart move. Life happens and a life insurance policy can help us feel better about the unexpected. You’re probably curious what life insurance costs, and what you get for the money. By comparing several carriers and deciding which plan works best for your family, you can typically find coverage that fits your budget. How Much Life Insurance Do I Need? Several factors can contribute to the amount of life insurance you need. From your current financial situation to your future financial obligations. Are you looking for several...
Continue reading...
Did you know you can sell all or a portion of a life insurance policy, even term insurance? Life insurance policies can become obsolete or burdensome. If you have an unnecessary life insurance policy or are feeling a pinch with making your payments, there are options to turn to in order to not lose the investment you have already made with years of payments. One of these options is to access the cash value of your life insurance and to cash out the policy. Let’s take a look at what cash value is, how it is calculated, and what other options exist for a life insurance policy that is no longer needed or wanted. What is cash value life insurance? Cash value life insurance refers to a form...
Continue reading...
Life Insurance Cover Our new life insurance calculator will help you work out just how much insurance you need, taking into account your current mortgage, debts, any life insurance and death-in-service benefits. Tell us more about you... How much do you owe on other debts? How much other life cover do you have? Our life insurance calculator is the easiest way to estimate how much cover you may need based on your current situation. Simply enter your details in the calculator below and click "Calculate". Remember, this shouldn't be treated as advice. You will have to decide the level of cover and the type of policy that is right for your needs. Our life insurance calculator is the easiest...
Continue reading...
Also, the results page will show you what your cash value could be when you reach retirement age and what sort of income you might be able to generate as a result. In the past, life insurance companies have made it difficult to find quotes for whole life insurance without first talking to an agent. There is some logic to that process as whole life insurance is a product that can be designed in many different ways. However, a lot of people just want an idea as to how much it costs, what sort of cash value will it build, and how much retirement income could it potentially provide. We designed our whole life insurance calculator to help you answer those questions. Please keep in mind that this...
Continue reading...
Like it or not, we're all invincible until we are not, and the unexpected happens in our lives. We get it, most of us have a love-hate relationship with insurance because paying every month can be annoying. Yet, the peace of mind you get from knowing that you have planned for the unplanned can be worth it. That's exactly why we all need insurance: to get peace of mind that in case something terrible happens, we are financially covered. In fact, if you think about it, statistically, we are all one bad event, such as one medical emergency, away from financial ruin. Sure, today, you may think that you are invincible, and nothing can go wrong, right? But, unfortunately, bad things happen...
Continue reading...
AD105 VUL2000 ILLUSTRATION SAMPLE CALCULATION Illustrated contract owner: Male Issue Age 36 Preferred Risk Class, $3,000 Planned Annual Premium, 100% Allocated to the Separate Account, Face Amount $250,000, Life Insurance Benefit Option 1. No policy loans or partial withdrawals have been assumed. Current Cost of Insurance Rates Hypothetical Gross Annual Investment Return = 10.00% Assumed Asset Charges = 0.92% Policy Value = [Beginning Policy Value + Net Premium – Monthly Deduction] x Net Investment Factor Derivation of Annual Separate Account Rate of Return from Gross Rate of Return Net Separate Account Rate of Return = 8.99% = [(1 + Gross Separate Account Rate of Return) ^ (1/365...
Continue reading...
Open: 8:45am to 5:30pm, Mon - Fri This presentation is for your information only and does not have regards to the specific investment objectives, financial situation and particular needs of any persons. It is intended only to be a simplified description of the product features applicable to these plans and is not exhaustive. This presentation cannot be reproduced, amended or circulated in whole or in part to anyone, including policyholders, and potential prospects, for whatever purpose or insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R)("AIA"). All insurance applications are subjected to AIA's underwriting and acceptance. This presentation is not a...
Continue reading...
New York, NY (PRWEB) September 14, 2012 WholeLife.InsuranceCalculator.net, part of the Insurance Quotes USA Finance network, is pleased to announce the launch of its new website and a free whole life insurance calculator. The company partners with over 120 life insurance companies across the United States that provide whole life insurance coverage. Individuals, businesses, and organizations can use the website and its free whole life insurance calculator to find, compare, and save money on 3 types of whole life insurance coverage - whole life guaranteed, whole life express, and children's whole life insurance. The company steps into the life insurance industry with confidence and now...
Continue reading...
Whole Life Insurance is a form of permanent insurance that provides coverage for a lifetime, rather than a specified term. Depending on your plan the cost of the coverage is spread out over the lifetime of the policy or over a limited time period such 10, 15 or 20 years. Additional features of Whole Life Insurance: Guaranteed premiums that remain level throughout the life of the policy Participating Whole Life Insurance policies earn dividends from the insurance company. This type of policy is usually more expensive than Non-Participating Whole Life Insurance. Guaranteed cash value - unlike Term Life Insurance, some of the money you pay in premiums accumulates as guaranteed cash value. If...
Continue reading...
