Permanent Insurance Current Rates, News & Information
Should I Get Term or Permanent Life Insurance?
Posted in Life Insurance , Permanent Insurance , Term Insurance
May 3rd, 2011
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Deciding what type of life insurance to purchase can be challenging to those who want to make sure they buy the very best coverage for their family. The two main types of coverage to purchase are term and permanent. Which is the best choice for you? Since making the right choice depends on your circumstances, let’s take a closer look at how you might decide. 
Common Beliefs and Myths Regarding Life Insurance
Posted in Life Insurance , Permanent Insurance , Term Insurance , Universal Life Insurance , Variable Life Insurance , Whole Life Insurance
November 9th, 2010
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If you’ve been thinking about purchasing life insurance, you’ve probably received a lot of advice from people around you regarding the specifics of buying this type of policy–or even whether you should buy it at all. There are tons of life insurance myths out there, along with some real facts thought to be untrue. Let’s take a look at some of the common life insurance beliefs and whether they should make a difference in your decision to buy a policy.
Permanent Life Insurance: Payout Basics
Posted in Life Insurance , Permanent Insurance
October 1st, 2009
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Are you thinking about getting life insurance? If so, you’re probably aware that you have several options. There’s term life insurance, and then there’s permanent life insurance. Many people like to get permanent life insurance because it builds up in cash value over time, and when they get to be a certain age – usually 65, which is the average age of retirement – they can start getting their investment back in the form of annuities. Should the holder of a permanent life insurance policy forgo any annuities, all the cash value in the permanent life insurance policy will go to the beneficiaries. When it comes to the payout amount for the beneficiaries, the maximum dollar amount will be determined by the stipulations of the permanent life insurance policy itself.
FAQ: Is There a Limit on Permanent Insurance Payouts?
Posted in Life Insurance , Permanent Insurance
September 27th, 2009
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Permanent life insurance is a cash-value type of life insurance policy, and there is usually no limit on the amount companies pay out. “Cash value” means that permanent life insurance takes the money you put into it and sets it aside for you to have later. The money you accrue in your permanent life insurance policy will either earn interest at a rate determined by the insurance issuer, or it can be invested for you in the stock market or other vehicles. Many people like permanent life insurance for this very reason, because it means that they can use this money for when they retire, or for an emergency that requires a cash solution. Permanent life insurance policies aren’t just about their cash-value advantage. When you buy a permanent life insurance policy, you select a death benefit that you want paid to your loved ones should you die. This means that the payout of your permanent life insurance policy could be as high as the death benefit you selected, plus all the money you put into it (minus any that you spent).
FAQ: Who Benefits from Permanent Life Insurance?
Posted in Life Insurance , Permanent Insurance
September 27th, 2009
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It’s important that you plan for your retirement, and it’s important that you make contingency plans for your loved ones should you suddenly die. No one with a spouse or domestic partner and children – especially young ones – likes to think of them as financially unprepared if we pass away. One strategy that covers your concerns regarding retirement and the fate of your loved ones without you is permanent life insurance. Permanent life insurance, also known as whole life insurance, benefits you, the policyholder, by giving you peace of mind knowing that your loved ones will be provided for. It also gives you peace of mind knowing that you are putting money aside, in the form of permanent life insurance premiums, for your retirement.
FAQ: Why is Permanent Life Insurance Popular?
Posted in Life Insurance , Permanent Insurance
September 27th, 2009
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If you are thinking about your future, you are quite possibly thinking about life insurance too. You’re going to get life insurance coverage in order to protect your loved ones and your dependents should you die suddenly. No one who is a primary financial provider likes to think about their loved ones suffering financially without them. One kind of life insurance that might interest you is permanent life insurance. Permanent life insurance is a kind of life insurance that you pay for the rest of your life (although you have the option of making one large, lump-sum payment for it at the beginning). With permanent life insurance, you are building up a cash-value policy which you can access whenever you want to, which might be the reason this type of insurance is so popular.
FAQ: Can I Withdraw from a Permanent Insurance Policy?
Posted in Life Insurance , Permanent Insurance
September 26th, 2009
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There are many ways to plan for your retirement, and one way to do it that also covers your life insurance needs is by taking out a permanent life insurance policy, which you can withdraw cash from once it builds a cash value. Permanent life insurance is a cash-value form of life insurance because all the money you put into it builds up and you can access it when you want to, or not touch it and let it all go to your permanent life insurance beneficiaries.
How to: Withdraw Cash from a Permanent Life Insurance Policy
Posted in Life Insurance , Permanent Insurance
September 25th, 2009
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Permanent life insurance is an excellent tool for not only protecting those you love after you pass, but for building an investment tool while you are still alive! Permanent life insurance is a twofold type of life insurance where financial benefits are left to those you choose that also gives you returns over time. With a permanent life insurance policy, policyholders have the option of tapping into the cash reserves they have built during their lifetime.
Advantages / Disadvantages of Permanent Life Insurance
Posted in Life Insurance , Permanent Insurance
September 25th, 2009
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People who are thinking about getting permanent life insurance need to do a thorough evaluation of its advantages and disadvantages. If you have a spouse or domestic partner, and children, then there is no question that you need to get some form of life insurance: your loved ones need to be protected financially in the event that you suddenly die. Permanent life insurance is one type of life insurance plan that addresses that need, and while it may be the perfect solution for some people, that may not be the case for everyone.
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.
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