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What is an Annuity Forfeiture?

Posted in Annuity , Life Insurance , Life Insurance Claims , Life Insurance Riders , Permanent Insurance , Term Insurance

April 20th, 2009
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Planning for retirement is crucial to ensuring that you will be able to provide yourself with a level of comfort when you are no longer working. One such investment tool many utilize to ensure a steady cash distribution is by arranging an annuity with a life insurance company. Individuals make a contract with an insurance company where the individual pays regular premiums until a set date that the annuity starts providing the policyholder with payouts. Annuities can be a good investment tool, but in some circumstances a pure life annuity can result in a forfeiture of investments.

What is a Pure Life Annuity?

Posted in Annuity , Life Insurance , Life Insurance Claims , Life Insurance Riders , Permanent Insurance

April 17th, 2009
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Retirement planning is an essential task everyone must pursue in order to provide a level of financial comfort for themselves. One investment tool that is commonly used are annuities, where you pay a premium over an extended period of time in order to collect cash benefit payments at a later date. A pure life annuity follows that basic structure,and offers either fixed or variable payments until the annuitant perishes. At that point, the payment cycle is terminated.

What if an Annuitant Passes Away Before Their Term Expires?

Posted in Annuity , Life Insurance , Life Insurance Claims , Permanent Insurance , Term Insurance

April 14th, 2009
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People who get permanent life insurance are taking care of two important issues at the same time: they’re ensuring the financial safety of their loved ones in the event that they will die suddenly; and they’re planning for their retirement. A permanent life insurance policy has what’s called a cash-value factor. This means that, unlike term life insurance, all the money you put into your permanent life insurance policy (in the form of your premiums) starts to accrue, and goes into a fund which you can get back when you want to.

Cash Value Life Insurance

Posted in Life Insurance , Permanent Insurance

February 20th, 2009
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Cash value life insurance policies can help provide a possible tax-deferred savings since the money put towards a cash value insurance policy will not be taxed until the funds are actually withdrawn from the policy reserves.

Cash value life insurance is a type of permanent life insurance. The policy cannot be canceled except for you not paying your premiums or in cases of fraud. A cash value life insurance policy accrues will gain monetary value over the course of the time due to the premiums you pay. There are four basic cash value life insurance policy types you can choose from:

What Type of Life Insurance Should I Buy?

Posted in Life Insurance , Permanent Insurance , Term Insurance

August 27th, 2008
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You generally buy life insurance for a specific time period or for as long as you live. If you need life insurance for a certain period of time, you should consider term life insurance. It allows you to buy coverage for the amount you need for a specific amount of years at a flat premium. For example, you have 15 years of payments left on your mortgage balance and can ensure that the debt is paid, you could buy a 15 year term life insurance policy. Term life is good for large amounts of insurance for a limited time at budget pricing you are not building any savings, just protection. Premiums are lowest when you are younger and increase at each renewal as you get older. You may want to also look into convertible term policies if you think your needs may be changing in the coming years it allows you to convert to permanent life insurance with an increase in premiums.