If you are a business owner, chances are you have life insurance policy. But a buy sell agreement ads further protection for the longevity of your business. A buy sell agreement is a type of agreement that works along side a life insurance policy. The way a buy sell agreement works is if a business owner dies, the surviving owner (or owners) would require funds to purchase the deceased's share of the business. The agreement would supply the...more
To begin with, you need to understand that life insurance falls into two very broad categories: Whole and term. The basic difference between term and whole life insurance is this: A term policy is life coverage only. In whole life insurance policy, as long as one continues to pay the premiums, the policy does not expire for a lifetime. As the term applies, whole life insurance provides coverage for the whole life or until the person reaches the...more
Long-term needs are not constant due to the fact that they are needed in a long period of time. The costs are usually high in states like New Jersey, Washington, and California where long term care is needed most. A wide-ranging survey is conducted by Genworth Financial which states that the average rate for Assisted Living Facilities can reach the amount of up to $42,000 annually. Private rooms in Nursing homes cost an average median of $87, 345 and semi-private rooms cost $73,000 a year. The state of California is actually one of the top 4 most expensive American states to receive care.Financially speaking, Long-term care gives burden to many retirees in California. In the 4 million adults in California aged 65 and above, 500,000 of them are senior citizens who are below the Federal Poverty Level. Medi-cal or the California Medicaid Program covers 27% of the state's senior population. This 27% has been spending up to $28.9billion for their California Medicaid benefits. Majority of these Medicaid beneficiaries (40%) are disabled and (27%) are seniors in the year 2006 alone.Because of these costs, the State has come up with the California Partnership for...more
What is the most important thing in life?We all value different things so obviously the answer will be different for all of us.Even though we value different activities and prefer to have different possessionsall of us will undoubtedly value one thing.Our actual experience!If there is one thing that anyone wants to improve upon it is how we...more
Do you understand variable life? It may be easier to understand if we can contrast it to whole life insurance.It is a permanent policy, and it can grow a cash value. But it is also different than traditional whole life.A whole life policy does have a cash value that can grow over time. It usually grows by a pre-set interest rate or some market...more
When shopping for life insurance, disability insurance or health insurance you might have been approached by any number of agents representing different companies to offer you advice and insurance products. Very often agents who represent only one company cannot offer you the same quality and selection of life insurance and health insurance products in Alberta that would suit your needs, or be the most competitively priced.An Alberta life insurance broker will be able to offer you the best insurance advice, be able to shop the entire Canadian life insurance market on your behalf, and knows which insurance companies would be best suited to your needs. Not all life insurance brokers are created equal, however. Let us look at some basic characteristics that make an Alberta life insurance broker the expert that can serve your needs.Access To All The Major Life Insurance CompaniesAn Alberta life insurance broker should have access to any of the major life insurance companies in Canada. There is a core list of the top companies that your broker should have contracts with in order to get you the best insurance deal. Here is a list in alphabetical order: BMO Insurance, Canada Life,...more
Life insurance agent- Tips to become a good insurance agent A good insurance agent should be excellent sale person with a pleasing personality. The insurance agent must possess superior mathematical skills and constantly keep up-to-date on any...more
Many whole life insurance policyholders tend to abandon their policies and lose their investment after paying so much for insurance and investing in the future. They may find a more appropriate policy for them and be aware of the different things...more
If you are shopping for a new life insurance plan it is important that you understand all of your options. The more that you know about what is available to you the better off you will be in making a well educated decision.First, there is term...more
In case you have not heard of the predictions about the Apocalypse 2012 yet, you can say you are one of those few people who are left ignorant about what is to take place come 2012. Make sure you are not left clueless about what is going to happen...more
Lifeinsurance4uk is the free search engine for hunting Life Insurance UK. Life Insurance4UK is one of the autonomous life insurance web site developed to help people find out the most excellent Life Insurance UK quotation for their present situation....more
Life insurance is vital to ensure your family's future after you are gone, especially if you are the primary breadwinner in the home. There are two main types of life insurance, whole life insurance and term life insurance. Whole...more