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Whole Life Insurance: Investment Payouts

Posted in Life Insurance , Whole Life Insurance

September 23rd, 2009
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Whole life insurance is a way for the policyholder to diversify their investment portfolio while they are living and provide their heirs with a cash allotment after they die. The whole life insurance payout amount varies based on the mortality tables that insurance companies use in order to calculate the cost of insurance and the death benefit. The whole life insurance payout will also differ based on the policy size a person commits too.

FAQ: Who Benefits from Whole Life Insurance?

Posted in Life Insurance , Whole Life Insurance

September 23rd, 2009
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Term life insurance is a type of life insurance policy that guarantees a death benefit will be paid to the heirs of the policyholder. The only function of term life insurance is to pay money upon the death of the owner of the policy and only the heirs will benefit from this financially. The coverage for term life insurance is limited to a brief period of time or a predefined “term.”

Study Shows Life Insurance Maintained Through Economic Turmoil

Posted in Life Insurance

September 23rd, 2009
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A recent survey shows that despite difficult economic times, many middle-class policyholders have insisted on holding onto their life insurance coverage. According to the First Command Financial Behaviors Index, who released the August survey, only four percent of Americans surveyed reported making changes to their personal life insurance policies as a result of the economy. And of those who did make changes, 42 percent actually increased their coverage.

Modified Endowment Contract Series: MECs 101

Posted in Life Insurance

September 22nd, 2009
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Continue to Chapter 3: MEC Pros and Cons >>>

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How am I Billed for Variable Life Insurance?

Posted in Life Insurance , Variable Life Insurance

September 22nd, 2009
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Variable life insurance is a costly but beneficial way to invest for your future needs and provide a death benefit to your family when you are no longer there for them. Variable life insurance is the most expensive insurance because a portion of each premium payment not only goes to the benefits payment, but also contributes to the cash value investment that policyholders can benefit from.

Variable Life Insurance: Longest Term Limit

Posted in Life Insurance , Variable Life Insurance

September 22nd, 2009
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With a variable life insurance policy, members can either experience great gains or rewards or actually suffer significant losses. With a variable policy, the policyholder opts into a type of insurance that pays death benefits and provides an investment strategy. The policyholder will experience gains and losses depending on market conditions due to the investment component.

How am I Billed for Permanent Life Insurance?

Posted in Life Insurance , Permanent Insurance

September 22nd, 2009
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Permanent life insurance is kind of like the superhero of life insurance options. By day a permanent life insurance policy is a mild-mannered plan that will provide death benefits to beneficiaries upon the passing of the policyholder. By night, permanent life insurance doubles as an investment strategy allowing the policy to build up a cash-value that the policyholder can take advantage of while they are still living. The billing portion for permanent life insurance is also multifaceted as based on the preference of the account holder, the premiums can be paidannually, semi-annually, quarterly or monthly.

Permanent Life Insurance: Premiums Ever Change?

Posted in Life Insurance , Permanent Insurance

September 22nd, 2009
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Once a policyholder researches, plans and then commits to a permanent life insurance policy, the premiums will not change during the course of the contract.

Permanent Life Insurance Basics

A permanent life insurance policy is a great way for policyholders to provide their heirs with some financial comfort upon their worldly expiration, and can serve as a tool that can be used to build a tidy nest egg. During the initial stages of setting up the permanent life insurance policy, investment options and benefit amounts are determined. Based on that information, a monthly premium is determined and part of the money goes towards the insurance while a fraction is applied toward the investment portion. The permanent life insurance premium will never change.

Whole Life Insurance: Longest Term Limit

Posted in Life Insurance , Whole Life Insurance

September 21st, 2009
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A whole life insurance policy is unlike any other type of life insurance. With a whole life insurance policy, the policy can be used as a way to build a substantial nest egg as after a couple of years of premium payments, the money contributed actually goes to funding the death benefit. The money for that death benefit accumulates and after a period of time, policyholders can access that money by borrowing against the principal. Until that time, the money that is stored away is invested by the whole life insurance company and the profit is tax-deferred until withdrawal.

Whole Life Insurance: Shortest Term Limit

Posted in Life Insurance , Whole Life Insurance

September 21st, 2009
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You know that “whole” can be a very powerful marketing word, and for good reason. Whole wheat has many additional health benefits, whole grain is better than normal grain and a whole life insurance policy will cover you for your entire life. Whole life insurance will last you from day one of coverage until death. It’s a way for people to build long term savings while qualifying for a death benefit, and unlike other types of life insurance, a cash value is built in that is tax-deferred until withdrawal.