Permanent insurance policies are designed and priced for you to keep over a long period of time. If you dont intend to keep the policy for the rest of your life, this may be the wrong type of insurance for you. If so, it may be better to consider term life insurance or return of premium insurance.
The two main types of permanent life insurance are whole life and universal life insurance. These have a feature known as cash value or cash surrender value.
Universal life (or whole life) covers an event thats certain to happen; ones death, while term covers you for the possibility of you dying during the term period.
Heres the difference in a nutshell whole life guarantees the death benefit for life, guarantees the cash value and guarantees the premium period.
Universal life insurance assumes an interest rate and the cost of insurance and comes up with a projected premium. I
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As a person gets older, everything seemingly gets more expensive. The cost of living tends to rise or fall depending on changes in health, and as a person gets older their health also declines. Now more than ever, the elderly are increasingly prone to living below the line of poverty, and in the process the elderly have tended to become more and more of a burden on family members, care providers, taxpayers and the federal government. In order to combat this, many people have begun to take out long-term care insurance.
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Life insurance is unique among financial instruments. It is one of, if not the only financial instrument that is based on caring and love. Even though there can be personal advantages to having life insurance, the real impetus is love for those one cares most about – to make sure they are taken care of. So, applaud yourself for taking the time to learn about this subject (and please follow up with action whether through us or the organization of your choice).
Interestingly, while one is taking care of the financial needs and wants of a spouse or the next generations, life insurance can also develop and build ones personal financial goals while living. F
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Hmmmm… Good day, I suppose…
You’ll excuse me if I don’t exactly relish the thought of talking to a ground dweller. I find it hard to relate to such lesser folk, especially on a computer—I take great pleasure in lightning strikes that fry electronics without surge protectors.
I’m Sigmund Storm, and you may know me by many faces… thunder, lightning, tornadoes, sweeping wind, hail… most just know me by my cloudy disposition. “Smile more,” they tell me.
I’m responsible for 100,000 thunderstorms every year, and 10% are especially severe, with high winds, tornadoes, and flash floods—which Felix Flood always seems to get credit for. My secret weapon is hai
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For consumers who have never invested in a life insurance policy, it is sometimes tough to determine the best way to find affordable coverage from a well-known carrier. The truth is that there are several options many people don’t even know exist. In some cases these options provide ways to save money and obtain better coverage than buyers could otherwise afford.
At Work
This principle is perhaps no more obvious anywhere than in company-sponsored employee life insurance plans. G
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Its a #riskymonday double down Our first video this week highlights some of the big ideas around protecting your identity. The second in-depth analysis provides some key tips and best practices to ensure your identity stays where it belongs: with you!
Check out the videos and share your thoughts by commenting below or on Twitter using the hashtag #riskymonday.
#riskymonday, brought to you by Bankers Insurance Group, covers one important video highlighting the risks we face each week.
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Life insurance companies have always assessed risk when issuing policies. The amount of risk involved for the company determines how much the insured will pay in premiums, and may even determine if the company is willing to issue the policy.
While smoking, age, weight, and other factors have long been standard considerations for life insurance companies, some mental and emotional disorders are now being assessed as well.
Attention Deficit Disorder (ADD) and Attention Deficit Hyperactivity Disorder (ADHD) are relatively common conditions which render a person vulnerable in some respects to health problems.
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The Bankers team wishes you a pleasant, productive and most of all safe holiday season. In keeping with the times were sharing ways to avoid those pesky Risks. This weeks featured video shows you the most common causes of Christmas tree fires along with some surprising statistics.
Check out the video and share your thoughts by commenting below or on Twitter using the hashtag #riskymonday.
#riskymonday, brought to you by Bankers Insurance Group, covers one important video highlighting the risks we face each week. W
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