Everyone needs life insurance. Even so, not everyone understands it. With so many misconceptions surrounding life insurance, it’s important to know what’s true and what’s not before you decide which type of life insurance to purchase. To help, we’ve chosen the top 11 life insurance myths. After reading, we feel confident you’ll make the best decision for you, your family and your loved ones. Myth #1: I’ve never been married and have no children, so I don’t need any life insurance coverage. This is one of the most common misconceptions about life insurance. People need at least basic life insurance to cover personal debt, hospital and burial bills. In the event of death, uninsured people...
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Just Say NO to Whole Life I had several inquiries from readers regarding which life insurance is the best option for them. Instead of answering each question individually, I opted to write this post. By the end of this short read, you should have the answers to the following 2 questions: Do you need life insurance? Should you get “term†or “whole†life insurance? Hint: You should ALMOST NEVER buy whole life insurance. I had several inquiries from Future Proof readers regarding which life insurance is the best option for them. Instead of answering each question individually, I opted to write this post. By the end of this short read, you should have the answers to the following two...
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A Look at Whole Life Insurance Whole life insurance is designed to remain in force for your whole life, as long as you remain current with your premiums. In exchange for fixed premiums, the insurance company promises to pay a set benefit when the policyholder dies. Whole life insurance policies can build up cash value — effectively a cash reserve that pays a modest rate of return. This growth is tax deferred. Guarantees are based on the claims-paying ability of the issuing company. Most whole life insurance policies allow policyholders borrow a portion of their policy’s cash value. Interest payments on policy loans go directly back into the policy’s cash value. When the...
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A Look at Whole Life Insurance Whole life insurance is designed to remain in force for your whole life, as long as you remain current with your premiums. In exchange for fixed premiums, the insurance company promises to pay a set benefit when the policyholder dies. Whole life insurance policies can build up cash value — effectively a cash reserve that pays a modest rate of return. This growth is tax deferred. Guarantees are based on the claims-paying ability of the issuing company. Most whole life insurance policies allow policyholders borrow a portion of their policy’s cash value. Interest payments on policy loans go directly back into the policy’s cash value. When the...
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Whole Life – Protection in Place for Your Entire Life You have had the inevitable thought – “What happens to my family if I die unexpectedly?” A number of images flash through your mind, none of them positive. While you don’t know what can or will happen to your family should you die young, you can secure their financial future with whole life insurance. It’s an unfortunate reality everyone has to face. Why would you purchase whole life insurance? Examine the primary benefits this form of coverage offers: Provides for your family in the event of a substantial loss of income – covers mortgage costs, tuition, and other major expenses Access the policy...
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AIG Guaranteed Issue Life Insurance Review Below we will review AIG’s Guaranteed Issue Whole Life Insurance policy. In this article, we will provide insight into the company behind one of the top guaranteed acceptance products on the market today and why it may or may not be the best choice for you. Pro Tip: When shopping for life insurance, remember that there is no one-size-fits-all policy, even amongst guaranteed issue life insurance. It’s always best to compare quotes from multiple companies. About AIG Life Insurance American General Life Insurance Company, commonly known as AIG, dates back to 1919 when it started as a general insurance company in Shanghai, China. The...
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Features What makes this Allianz insurance policy stand out? Progressive rate. Increases as you age. Up to a maximum of RM3,000 a year. Protection for Your Family How will Allianz help to secure my family’s financial future? What's covered by your insurance plan How to Claim To make a claim with Allianz you will need a few things per the list below. But before that you will need to get a claim form to fill in. You can contact Allianz Customer Service Hotline for all the required documents and Claim Forms that you might need. Original Bills and Receipts Police Report if applicable You will need to compile all these documents along with your claim form, and head on over to the nearest Allianz...
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Do you want a $500,000 Whole Life Insurance? If all you want is $500,000 whole life insurance you can get it right now online. Click here topwholelife.com to get your $500,000 whole life quote in less than 1 min. You will be able to compare whole life price, company strength, cash value growth, and withdrawals. We also prepared this table to give you an idea of the MONTHLY prices with the best companies. We listed a policy that you will pay until age 100. All the following rates are assuming good health: The previous is a list of the best performing whole life insurance on average for pure cash value accumulation and the cost associated with them. As you can see, the prices vary greatly...
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No one likes to think about dying; however, you also do not want to leave this world unprepared. By having life insurance, your family will not be stuck with enormous bills after you leave this life. Two of the most common types of life insurance are term or whole life insurance. Each type of insurance policy has many advantages, so you need to decide which one is best for your needs. Term life insurance offers coverage for a certain term. You can purchase a policy for 10, 20 or 30 year term s, and the policy is in effect until the term expires. After your passing, a term life insurance policy will pay death benefits to your family. Term life insurance is a little cheaper than whole life...
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NEWS & ARTICLES INSURANCE GUIDE A lapse means a life insurance policy is no longer an active contract. A life insurance policy will lapse when premium payments are missed and cash surrender value is exhausted on a life insurance policy. The term lapse refers to a “lapse in coverage”, meaning the life insurance contract will no longer pay a death benefit or provide any insurance coverage for the insured person. A policy will only lapse after a grace period has passed, and most companies will allow their clients to reinstate their policies for a short period after the policy has lapsed without further underwriting. Read on to learn how to reinstate your policy. Grace...
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