Characteristics of Universal Life Insurance – Understand Terms and Benefits The concept of universal life insurance was introduced in the early 1980s. It is a form of permanent life insurance that offers a cash value option. It has characteristics of both term and whole life insurance because it allows customers to choose the way they prefer to pay and the coverage they receive every year while interest rates are adjusted...more
Corporate-Owned Life Insurance (COLI) – Could Your Corporation Benefit? Corporate-Owned Life Insurance (COLI) policies are designed for corporations and partnerships to have flexible life insurance policies where they are both the owner and the beneficiary. You may be interested in securing such policies for your corporation if you want to informally fund a Deferral and Supplemental Executive Retirement Plan (SERP). Your...more
Evaluating Life Insurance Needs – What Mistakes to Avoid If you are interested in getting a life insurance policy, you have already avoided the first big mistake in regards to life insurance, which is the failure to consider it as a worthwhile option. Life insurance brings the truth of mortality into the forefront of your thoughts, but pretending that you will live forever is not a realistic way to view your life. You need to protect your family from financial devastation if something should happen to you. That is why these tips for evaluating your life insurance needs will help you avoid costly mistakes. The rule of thumb is that you should obtain a life insurance policy that will pay five to ten times the amount of your annual salary. However, one mistake that people make is assuming this rule of thumb will apply to their situation when it may not. Your circumstances—such as the number of dependents you have, mortgage payments and college loans—should be fully considered when figuring out the amount of money you need from your life insurance policy. A great way to do this is to figure out the amount of money your family needs to live comfortably...more
Life Insurance and Taxation – Know the Particulars Life insurance is advertised as being "generally" free from taxes. This means that the funds paid out from your policy—either the death benefit itself or cash value if you have a policy that this applies to—are tax free in most situations. However, unless you take the right...more
Defining Long Term Care Insurance Although the benefits of long-term insurance are often discussed in many online and printed publications, most Americans have little knowledge on how this type of insurance exactly works and how long term care cost can affect them.Statistics shows that more and more people in the United States are...more
The Downsides Of AARP Daily life Insurance Despite the fact that AARP lifestyle insurance coverage is a very well-identified lifestyle insurance item, there are a variety of significant drawbacks that can stop a lot of from obtaining the protection that they so readily want. If an individual is unable to get protection since of ultra-stringent rules, then the insurance alone has no value to the individuals who may require it most. This presents one particular of the most pressing difficulties of AARP life insurance recommendations. AARP, of program, is the American Association of Retired Folks, and is the most significant of this kind of organizations representing the senior group of adults in the United States. AARP will make suggestions for certain sorts of insurance coverage items (and other forms merchandise and providers that are not relevant to insurance coverage as effectively) primarily based on their investigation and on referral relationships to other businesses. This, even so, doesn't suggest that they are referring to the firms with the very best values in the solutions and companies they provide.AARP daily life insurance is not a certain form of daily...more
Long Term Care Insurance Features and Riders Aside from filling out application forms and listening to a long discussion with the insurance agent, many consumers fret all those puzzling bells and whistles that are pegged in most long...more
Various Long Term Care Insurance Riders Long term care insurance is one of the most complicated types of insurance found in the market today. However, this is a special type of protection that covers the staggering costs of care for...more
Why Insure for Future Care? Have you ever experienced caring for an old and frail spouse, parent, sibling, or loved one? If yes, you are surely aware of the problems associated to caring for the elderly, more particularly if financial...more
Wholesome Life Colors and their particular Symbol There are varied good reasons why individuals turn out to be unhealthy. On leading of the list is unhealthy life-style which entails smoking for the extent of producing it as component...more
Buying Investment Property And Term Life Insurance It's important to protect family and interests in life and after. People who are charged with the responsible finance and upkeep of their families should work to secure those interests...more
Quality Care At Auto Body Shops In Minneapolis If you are looking for quality service for your vehicle in Minneapolis, an auto body shop is your safest bet. Not only are you assured of expert care for your vehicle, these shops offer a...more