The development of the Universal Life (UL) plan has somewhat redefined the view of life insurance. Whole Life plans operated with cash values that significantly lagged behind the accumulated premiums. The Universal Life plan is unique in that it embodies an interest-bearing accumulated fund. This ensures that the cash value would exceed the accumulated premiums in a few years. It is certainly a decisive advantage that makes life insurance less of an expense. However, there is a certain degree of scepticism about the value of combining insurance and savings. A few advisors believe it would be better to take term insurance and invest the difference. Advocates of cash value insurance plan point to the benefit of forced savings. Some things are only effective in specific contexts and situations. The Universal Life plan is not an exception.  Read more...

In this current economy, your hard earned cash slips through your fingers like sand through the hour glass. It’s so hard to hold on to it with so many outside entities pinching off the pile bit by bit. They come at you in waves right after pay day, your creditors, the government, the utility companies. Your relationship with your money is so fleeting, you didn’t even have the opportunity to start a relationship with it. You barely got to touch it before it was off to the banks, and just a credit mark on your statement. So why would you wish to part with even more of it for something as transparent as life insurance? You can’t touch life insurance. You can’t drive it, play with it, or taste it. It’s just a piece of paper, much like a gambling slip.  Read more...

- is a life insurance which expires after a certain time frame such as 10, 15, 20, 25, 30 years term or expiry at age 50, 55, 60, 65, 70 etc.  Read more...

There are essentially (5) different types of life insurance that you can buy.  Read more...

Other people would say I will just put up my own business to earn money. I respect the idea, but isn’t it that if you will put up a business you will also have to look after it. You cannot let the business run on its own. Insurance is designed to put in our financial resources at a minimal amount to come up with bigger amount of money then the insurance company will use the money for your benefit. Like it will lend money to the government (which you cannot do if you only have about 10,000 a month) and earn bigger interest that is used for the members of the insurance. And this is why people who have the capability to purchase life insurance would invest in good and stable insurance company to get their money’s worth.  Read more...

Life insurance if is possible best is to start when a baby is 1 month old (most life insurance company’s requirement) as it’ll be the lowest premium you can ever get.  Read more...

Its your life: Or is it?

A beginner’s guide to life insurance  Read more...

Whole life insurance is a permanent indemnity until you reach the age 100. Not for the rest of your life. As a matter of fact you will not receive the funds from life insurance until you reach the age 100 which is a cut off point that is statued by the Insurance commisioners board. Whole life insurance also invlves cash value/ investment you will not likely get in return, which is often difficult to explain to someone who has no knowledge of insurance terminology. But I will try my best to break this whole life insurance thing down for you.  Read more...

Life insurance has always been regulated at the state level in United States. When you bought your “term life insurance policy, it was regulated by the state you purchased the policy in. Now there is increasing momentum to add a federal regulatory body to manage the insurance industry.  Read more...

Life insurance. It’s one of the most confusing subjects for most people, but it doesn’t have to be so complicated. When looking to buy life insurance online there are several ways to save time and money, and to avoid being overwhelmed in the process.  Read more...