Universal Life Insurance | How is Universal Life Insurance Beneficiary Over Other Life Insurance Policies?
If you are the only member earning in your family then you not only have to take care of your present but you also have to plan for your future as well. Life is unpredictable and you cannot take chances with it. And you can take care of your future with the help of a life insurance policy. Many of us must have heard about life insurance, there are many life insurance policies available in the market. These are term life insurance, whole life insurance and so on. But one life insurance that is gaining popularity is Universal life insurance… Continue readingPosted by BradH Date: Thursday, September 17, 2009
Categories: Universal Life
Tags: EIUL, Universal Life, Variable Universal Life Insurance
Posted by BradH Date: Wednesday, September 16, 2009
Categories: Universal Life
Tags: EIUL, Variable Universal Life Insurance
Don’t Be Fooled By Agents When Buying Life Insurance?
if you buy whole life they tell you you can borrow "your money" but you have to pay back with interest because if you don't if you die the company will deduct the money you borrow from the death benefit sya you have 100,000 insurance and you take 20 and don't pay it back you die your family only gets 80,000. and if you dont take any money and you have 100,000 benefit and 20,000 cash value and you die your family gets 100,000 and the company keeps your cash value.now universal life is a little confusing it works like… Continue readingPosted by BradH Date: Tuesday, September 1, 2009
Categories: Universal Life
Tags: Buying Life Insurance
What Two Adjustments Are Usually Made To The Cash Value Account In A Universal Life Policy?
1. Cost of the term Insurance protection is charged and current interest earned is credited 2 current interset and insurance premiums are credited. 3 guaranteed interst is earned and premiums are credited 4 excess interest and premium are charged…Posted by BradH Date: Tuesday, September 1, 2009
Categories: Universal Life
Tags: Cash Value Account, Universal Life Policy
If I Can Save 300 Bucks Per Month, What Is The Minimum Life Insurance I Can Have In A Eiul If I Want It …?
filled with the most money it can contain according to the TEFRA guidelines in five years?…Posted by BradH Date: Tuesday, September 1, 2009
Categories: Universal Life
Tags: EIUL, Universal Life Policy
Life Insurance 06 – Flexibility of Universal Life Insurance
Universal life (UL) was introduced in 1981-82, in response to a historically high interest environment and a consumer awareness of the value of self-directed investments because traditional insurance could not compete with short-term interest rates. the life insurance industry's response was to introduce new money products, like universal life, whose investment returns would be based upon a pool of new short-term debt and not be weighted down by historical, low-coupon, long-term portfolio assets.Unlike term and whole life insurances, this policy blends term insurance and an investment account into one contract. Also its premiums can be increased or decreased, paid when… Continue readingLife Insurance?
My mom has term life insurance for 10 years for New York Life.. is it true that in 10 years, she'll be able to renew it another 10 years? Won't that be more expensive? Also, what happens if you buy that 20 year term insurance and you don't pass away until 21, 22 or even 30 or more years? What happens to all your money, and isn't there a way to renew it? I heard that it would cost thousands and thousands more to renew it after 20 years.. Also, what about universal life insurance?… Continue readingLife Insurance 07 – Characteristics of Universal Life Insurance
As we mentioned in the previous article, universal life (UL) was introduced in 1981-82, in response to a historically high interest environment and a consumer awareness of the value of self-directed investments because traditional insurance could not compete with short-term interest rates.Here are some characteristics as follow1. Account ValueThe account value of a universal life plan is the sum of the gross values of all the investment accounts within the policy, including income, after deductions for the current month expenses.2. Cash Surrender ValueThe cash surrender value of a universal life plan is the current account value, less outstanding loans and… Continue readingPosted by BradH Date: Monday, August 31, 2009
Categories: Universal Life
Tags: Buying Life Insurance
Advice For Buying Life Insurance And Critical Illness Insurance?
It is so confusing trying to decide what to do. I am in my late 20's and am looking for life insurance for after I retire. I suspect I will be the last one alive in my family, assuming I have no children. So it would probably be good to get Universal Insurance so I can cash in my policy if I want. Critical Illness is only offered until I am 45. I suspect if I get sick it will be when I am 50 or older. Do you have any advice? Should I start paying for insurance now while… Continue readingPosted by BradH Date: Monday, August 31, 2009
Categories: Universal Life
Tags: Buying Life Insurance
Why Are Insurance Companies Allowed To Deny Coverage Of Life Saving Procedures Because It’s Cost Effective?
I am not sure that I am totally for universal health care. However I do think something needs to be done about private insurance companies denying life saving procedures because of cost and this causing the consumer to either #1. Bankrupt themselves trying to cover the cost themselves. OR #2. Die. There have been insurance company supervisors who have testified before Congress that they have made these decisions and the insurance companies have pressured them into making these decisions more and more. Do you think this is acceptable?…Posted by BradH Date: Sunday, August 30, 2009
Categories: Universal Life
Tags: Deny Insurance Coverage