Universal Life

Steps To Take In Cancelling An Equity Index Universal Life?

Am here in Texas, yesterday 06/19 agents talked us(me and hubby) to buy EIUL, now we might cancel or change to term, how do we do it?… Continue reading

Investing: Reader Exposes Mortgage Mischief

Getting a new mortgage? Watch Out! Mortgage brokers (even at banks) get paid on commission. As interest rates rise, they must become more creative to make a living. Many are honest, but there’s plenty that won’t blink an eye at taking advantage of uninformed consumers. Don’t be one of them!
In my previous two articles, I’ve shared how and when Interest-Only, Option-ARM and Reverse Mortgages should and shouldn’t be used. I’ve warned readers to be very careful when refinancing or purchasing a mortgage because the person you are dealing with may not have your best interest at heart. Here are… Continue reading

Universal Life Insurance – Pros & Cons

Universal Life Insurance – a more flexible version of Whole Life Insurance, also known as “Flexible Premium Adjustable Life Insurance” is a type of permanent life insurance came in insurance market in the early 80s. Like the whole life, the Universal Life (UL) comprises an element of the saving which develops on a tax-deferred basis. A part of your premiums are invested by the insurance company in the bonds, the mortgages and investment trust on the money market. The return on the investments is endorsed to your policy tax-deferred. An assured minimum interest rate, usually approx. 4% applied to the… Continue reading

International Term Life Insurance vs. Cash Value Insurance

Domestic and/or International Term Life vs. Cash Value Insurance PoliciesThere are two forms of life insurance policies available. The first is Domestic/International Term Life insurance, which is the most basic form of insurance. It offers insurance death benefit coverage and that’s it. With a term policy, your premiums are applied 100% to the cost of the term insurance. As you age and retirement grows near, the need for any life insurance decreases. Your children will now be able to support themselves and your savings for retirement will begin to approximate a lump-sum insurance payment. At this time, it may be… Continue reading

Do I Need To Wait Before I File?

I have received my wifes W2 as well as mine already. I have an IRA and EIUL but have not recieved statements from them. I have not withdrawn any money from either account. Should I wait for a statement from each or is it okay to file now?… Continue reading

Universal Life Insuance Explained

Most consumers know about whole life. After all, it is the oldest form of life insuance. People also understand term life, and it is very popular these days. They understand that they can compare the two by understanding that whole life is permanent coverage, while term life is temporary.
The newest product is called universal life. Like whole life, it is also a permanent policy. That means that it will cover a person’s life as long as the policy is kept in force. Keeping a policy in force usually means that the premiums are paid, or that the policy has been… Continue reading

What Is Eiul?

I’m very unfamiliar with finance, so I need some very easy-to-understand terms in answers.…

How Can a Life Insurance Policy be a Good Investment?

Universal Adult Life Jacket Vest – Red & Black

Product DescriptionSummer fun in the sun is coming! This universal life jacket is perfect for all your water and boating needs. Whether you are waterskiing, wakeboarding, or jet skiing this jacket is USCG approved to ensure your safety while having summer fun. Product Details Water Ski Vest for All Sizes (Youth and Adult)Will fit Anyone over 90 lbs USCG (U.S. Coast Guard) ApprovedSmooth 200-denier Nylon for Added Durability Without Compromising ComfortIdeal for Waterskiing, Wakeboardi… More >>
Universal

Eiul Or Term Life Insurance?

Should I get Term Life and invest the difference in other investments such as Roth IRA and perhaps even leverage some money as down payment towards a property? A considerable amount of premiums go into commissions and EIUL account expenses. Is it worth it? There are seminars that are promoting cashing out home equity and invest it in EIUL. Need some guidance. Will appreciate it. Thanks… Continue reading