Investment Life Insurance and the Right Investment Life Insurance For You
By Andrew Stevenson Ph.D.
Before you make an investment in life insurance, you'll need to determine if it is right for you. Though there are many policies to choose from, only certain ones make for good investments.
While choosing the right policy and best premium is important, it's even more important to determine why you want to purchase the investment of insurance and what your purpose for investing in it would be.
An Investment in Your Family
An investment in life insurance can be an investment in your family. If they depend on your for income, then purchasing insurance means that they will be provided for if something happens to you.
While this isn't something that anyone wants to think about, these things do happen. If you want your family to continue to thrive and not be burdened by debt, life insurance may be the right investment for you.
An Investment in the Future
In addition, life insurance can be an investment in the future. Even if your family doesn't depend on your for their day-to-day survival, live insurance can mean a brighter future for them when you die.
Maybe your children want to go to college or your spouse would love to start their own business. While you might not be able to help them do these things while you're alive, it's possible that an investment in insurance would help them do these after you are gone.
An Investment in Your Retirement
Whole life or permanent life insurance policies have a cash value over and above the death benefit the policy offers. This is basically a tax-deferred investment for you that you can use to supplement your retirement savings.
While there are a lot of things to consider before you purchase a policy like this, it's definitely worth a consideration when you're thinking of the investment of life insurance.
Do You Need a Policy?
When you're thinking about purchasing insurance as an investment, the first question to answer is: Do you need a life insurance policy? If you're the main provider for your family, you do need a policy unless there is another way that those depending on you will be provided for if something happens to you.
If you are not a provider, you might still want to purchase a insurance policy. You might be a caregiver for someone, for instance, and while your family would not lose out on provision if you died, they would need to hire someone to provide the care that you usually provide. The funds from a life insurance policy could ensure that care continues even if you are not around to give it.
In addition, you may simply decide that you want to gift your family with the money that would come from a life insurance policy in the case of your death. If you have the financial means to do this, your insurance policy could provide a brighter future for your family.
No matter your reasons for choosing life insurance, if you decide to buy a policy, then it is an investment for you, your family, and the future.
t is so important to get you insurance questions answered. Your insurance policy will be the most important decision for you and your family. For a service that is totally free and so easy to understand please Checkout http://investmentlifeinsurance.org.
You can find plenty more easy hints and tips on how to find the best insurance premiums to suit you here Investment Life Insurance.
четверг, 29 октября 2009 г.
When to Choose Life Insurance Annuity Coverage
By Lisa Cintron
A life insurance annuity contract requires you to pay an agreed amount of money to a company in exchange for being promised a regular income for the rest the beneficiaries' life once the investment matures. One catch that makes them different from other annuities however is that in order for the payments to begin the holder of the contract must become deceased. These financial products are incredibly important for families with a single breadwinner because if something should happen to him or her, the rest of the family would have no source of income.
A family with a sole income earner does not have to worry however, if this person takes out a life insurance annuity. A policy will have to be taken out in a value that is high enough to produce a payment that will be sufficient enough to support the family for the rest of their lives if possible. This investment fund will gain a certain amount of interest, such as 6 percent, in order to offer a safe and conservative return. After all, it is not the objective of the family to make a huge profit; they are only interested in protecting the premium against risk.
Investing in a life insurance annuity may be the perfect route to take if you have health problems or other issues that may be preventing you from being insured in a more traditional way. It is a relatively affordable solution for individuals to hedge themselves against risk and promote the goals they have set for their investments. Another great thing about choosing this option is that your age does not play a factor in your being approved; other insurance options will either not approve you or charge you incredibly high premiums in this case.
Although many people assume that they no longer need life insurance once they have reached retirement, there are many reasons why a person would want to hold on to this investment until death. One of the more common reasons is for estate purposes. The gains accumulated in these accounts are usually tax deferred until distribution not only for the original policy holder but for the heirs as well. These investments may also be held in order to pay off the final expenses of a whole life policy. The cash value of these polices may also be cashed in prior to death if the holder wishes to borrow against its value to repay the loan.
When you are in the market for a life insurance annuity, you will find very early on that there are many different options available, choosing the one that will best fulfill your goals for investment will require due diligence. This is why it is very important that you have a financial advisor whom you trust that can help you make these decisions.
Lisa Cintron is Executive Vice President at AdvisorWorld.com. http://www.AdvisorWorld.com will help you find the best advisor for you from a comprehensive database of financial professionals who are ranked based on the feedback of users just like you. They offer this service completely for free and with no obligation on your part.
By Lisa Cintron
A life insurance annuity contract requires you to pay an agreed amount of money to a company in exchange for being promised a regular income for the rest the beneficiaries' life once the investment matures. One catch that makes them different from other annuities however is that in order for the payments to begin the holder of the contract must become deceased. These financial products are incredibly important for families with a single breadwinner because if something should happen to him or her, the rest of the family would have no source of income.
A family with a sole income earner does not have to worry however, if this person takes out a life insurance annuity. A policy will have to be taken out in a value that is high enough to produce a payment that will be sufficient enough to support the family for the rest of their lives if possible. This investment fund will gain a certain amount of interest, such as 6 percent, in order to offer a safe and conservative return. After all, it is not the objective of the family to make a huge profit; they are only interested in protecting the premium against risk.
Investing in a life insurance annuity may be the perfect route to take if you have health problems or other issues that may be preventing you from being insured in a more traditional way. It is a relatively affordable solution for individuals to hedge themselves against risk and promote the goals they have set for their investments. Another great thing about choosing this option is that your age does not play a factor in your being approved; other insurance options will either not approve you or charge you incredibly high premiums in this case.
Although many people assume that they no longer need life insurance once they have reached retirement, there are many reasons why a person would want to hold on to this investment until death. One of the more common reasons is for estate purposes. The gains accumulated in these accounts are usually tax deferred until distribution not only for the original policy holder but for the heirs as well. These investments may also be held in order to pay off the final expenses of a whole life policy. The cash value of these polices may also be cashed in prior to death if the holder wishes to borrow against its value to repay the loan.
When you are in the market for a life insurance annuity, you will find very early on that there are many different options available, choosing the one that will best fulfill your goals for investment will require due diligence. This is why it is very important that you have a financial advisor whom you trust that can help you make these decisions.
Lisa Cintron is Executive Vice President at AdvisorWorld.com. http://www.AdvisorWorld.com will help you find the best advisor for you from a comprehensive database of financial professionals who are ranked based on the feedback of users just like you. They offer this service completely for free and with no obligation on your part.
среда, 28 октября 2009 г.
The Guardian Life Insurance Policy
By Christopher W Smith Platinum Quality Author
The Guardian Life Insurance Company was founded in New York in 1860 and has thus become one of four most successful mutual insurance companies in the United States. Its assets are valued over $50billion and they have more than 80 agencies working throughout the US. Guardian Life Insurance Company has been ranked by six highly rated agencies as being superior and excellent.
The company offers multiple insurance coverage plans to individuals and other companies or business organizations, and handles such issues as: death, disability, and health problems. It allows permanent insurance plans to cover regular living needs: education, income for retired policy holders, and so on. The insurance policies of the company are twofold: whole life and universal life.
Whole Guardian Life Insurance Policy
A fixed amount of premium is required to be paid by the owner throughout the duration of the policy, according to Whole Guardian Life Policy. A certain amount of the premium is saved for the client's needs and he/she can then withdraw it anytime while paying the premium. The guaranteed cash value can be withdrawn by the policy holder to satisfy his/her needs and it is the primary benefit of the Whole Life Insurance Program.
Another type of program is the Variable Whole Life policy in which the cash value and the amount of the death benefit vary with the particular kind of investment options chosen by the owner of the policy. In many variable whole life plans, the death benefit is fixed about a minimal level. The cash value does not have to be a specific guaranteed amount.
Universals Guardian Life Insurance Policy
The Universal Life Policy is yet another type of permanent insurance. In this one, the owner pays flexible premiums while deciding for either fixed or variable amount of death benefits. This selection of insurance also allows cash value to accumulate which is based on the profits of the company and the amount of premium paid by the client. A specialized type of Universal Life is the variable Universal Life Insurance Policy. A flexible investment situation is in this and can be chosen by the insured person while he/she selects the investment risk within the policy.
Benefits of Buying a Guardian Life Policy
The Guardian Life Policy, similar to other policies, in that; it affords one to: death benefits, maximum pension benefits, greater flexibility with expenditures, avoiding capital gain tax, greater savings, and profitable investments. The insured person is then able to pass this on in an appreciable amount to his/her family or charity of choice.
Save hundreds of dollars by compare life insurance carriers such as Colonial Life Insurance by visiting TipsOnLifeInsurance.com
The Guardian Life Insurance Company was founded in New York in 1860 and has thus become one of four most successful mutual insurance companies in the United States. Its assets are valued over $50billion and they have more than 80 agencies working throughout the US. Guardian Life Insurance Company has been ranked by six highly rated agencies as being superior and excellent.
The company offers multiple insurance coverage plans to individuals and other companies or business organizations, and handles such issues as: death, disability, and health problems. It allows permanent insurance plans to cover regular living needs: education, income for retired policy holders, and so on. The insurance policies of the company are twofold: whole life and universal life.
Whole Guardian Life Insurance Policy
A fixed amount of premium is required to be paid by the owner throughout the duration of the policy, according to Whole Guardian Life Policy. A certain amount of the premium is saved for the client's needs and he/she can then withdraw it anytime while paying the premium. The guaranteed cash value can be withdrawn by the policy holder to satisfy his/her needs and it is the primary benefit of the Whole Life Insurance Program.
Another type of program is the Variable Whole Life policy in which the cash value and the amount of the death benefit vary with the particular kind of investment options chosen by the owner of the policy. In many variable whole life plans, the death benefit is fixed about a minimal level. The cash value does not have to be a specific guaranteed amount.
Universals Guardian Life Insurance Policy
The Universal Life Policy is yet another type of permanent insurance. In this one, the owner pays flexible premiums while deciding for either fixed or variable amount of death benefits. This selection of insurance also allows cash value to accumulate which is based on the profits of the company and the amount of premium paid by the client. A specialized type of Universal Life is the variable Universal Life Insurance Policy. A flexible investment situation is in this and can be chosen by the insured person while he/she selects the investment risk within the policy.
Benefits of Buying a Guardian Life Policy
The Guardian Life Policy, similar to other policies, in that; it affords one to: death benefits, maximum pension benefits, greater flexibility with expenditures, avoiding capital gain tax, greater savings, and profitable investments. The insured person is then able to pass this on in an appreciable amount to his/her family or charity of choice.
Save hundreds of dollars by compare life insurance carriers such as Colonial Life Insurance by visiting TipsOnLifeInsurance.com
The Advantages of Whole Life Insurance Against Term
By Julie Viola
There is always the debate over the advantages of whole life insurance and term life. But before you get into the debate over which is better and more affordable, you need to look into the basics of both. For term life, you are only covered for the specified period of the term. While for whole life insurance, you will covered to the rest of your life or until you got to 100 years old.
Getting the wrong kind of life insurance can really hurt your financial road map or plans rather than helping you. You need to consider and think about which amongst the different types of insuring before you commit yourself to purchasing one. Term life will only pay out the death benefit if the policy owner dies during the term of the policy. After the term expired, there will be no pay outs. So for term life, you are only covered during the specified time or term stipulated.
In this case let us look into the advantages of whole life insuring. The main advantage is that you will have the cash build up in this type of insuring. The cash accumulated value normally starts right on the first year of the policy. The advantage here is that while you are paying for your policy, you are investing at the same time. You also have a fixed premium for life while the renewable term has increasing premiums.
For as long as you are paying your life insurance premiums, you coverage will never change. The investment feature with whole life is guaranteed. This is a good option for long term financial plans. The cash value added or savings feature allows you to build cash value on a tax-differed basis. With all these advantages, you can really have good protection with the combination of investment at the same time.
In this instance, the advantages of whole life insurance are paramount over the term life type of insuring. But before you go and purchase your policy coverage, make sure to research and check out how the insurance companies underwrite it. Get as much information from amongst the several insurers to get a better picture of what your best options are.
Take a Close Look At The Advantages of Whole Life Insurance through A Site Search Engine That Offer Whole Life Quote or You Can Simply go to http://www.JGVFinance.com For More Tips and Info Before You Make Your Decision When Buying or Purchasing Life Insurance Coverage.
By Julie Viola
There is always the debate over the advantages of whole life insurance and term life. But before you get into the debate over which is better and more affordable, you need to look into the basics of both. For term life, you are only covered for the specified period of the term. While for whole life insurance, you will covered to the rest of your life or until you got to 100 years old.
Getting the wrong kind of life insurance can really hurt your financial road map or plans rather than helping you. You need to consider and think about which amongst the different types of insuring before you commit yourself to purchasing one. Term life will only pay out the death benefit if the policy owner dies during the term of the policy. After the term expired, there will be no pay outs. So for term life, you are only covered during the specified time or term stipulated.
In this case let us look into the advantages of whole life insuring. The main advantage is that you will have the cash build up in this type of insuring. The cash accumulated value normally starts right on the first year of the policy. The advantage here is that while you are paying for your policy, you are investing at the same time. You also have a fixed premium for life while the renewable term has increasing premiums.
For as long as you are paying your life insurance premiums, you coverage will never change. The investment feature with whole life is guaranteed. This is a good option for long term financial plans. The cash value added or savings feature allows you to build cash value on a tax-differed basis. With all these advantages, you can really have good protection with the combination of investment at the same time.
In this instance, the advantages of whole life insurance are paramount over the term life type of insuring. But before you go and purchase your policy coverage, make sure to research and check out how the insurance companies underwrite it. Get as much information from amongst the several insurers to get a better picture of what your best options are.
Take a Close Look At The Advantages of Whole Life Insurance through A Site Search Engine That Offer Whole Life Quote or You Can Simply go to http://www.JGVFinance.com For More Tips and Info Before You Make Your Decision When Buying or Purchasing Life Insurance Coverage.
вторник, 27 октября 2009 г.
Car Insurance - New Year New Start
With the credit crunch affecting everything from mortgages to credit cards, many consumers will be sitting down and analysing their finances at the start of a new year.
An important aspect of your financial portfolio to consider is your car insurance policy. With car purchases down in 2008 as a result of the credit crunch, many are putting off buying a new car this year because of money worries.
However, there are a few things you can do to help yourself whilst searching for a car insurance quote, you may even save yourself some money in the process:
* Ensure that your vehicle is secure. Parking in a garage or driveway rather than on the street, and fitting some additional security devices – such as alarms, immobilisers and steering locks can help reduce your premium by helping prove to your insurance company that you’ve taken measures to keep the vehicle safe.
* Try to resist the urge to ‘pimp your ride’ though. Any modifications you make to the vehicle – be it cosmetic or mechanical – can push up the cost of your premiums as a result of making the vehicle more attractive to thieves.
* Consider the cost of a policy against your vehicle – if you have an older vehicle it could work out cheaper for you to purchase a third party, fire and theft policy rather than a fully comprehensive cover. This will still offer a level of cover, but can be useful in that it can help reduce your monthly outgoings.
* Also consider upping your excess level – by agreeing to pay just that little bit extra in the event of an accident, you can save yourself some money on the policy itself.
* If you are able to, try to pay the policy up front, monthly payments may be useful for keeping track of your motoring finances, but it could work out cheaper for you to pay the policy off in one instalment.
* If you only travel a short distance every day – consider switching to a pay-as-you-drive policy. The less you drive, the less you pay, which could work out cheaper for you in the long run, plus you can keep up to date with payments in much the same way as a mobile phone bill.
* Build up a no-claims bonus by driving safely and carefully. By accumulating a good period of time without claiming, you can save yourself a chunk of cash on your car insurance.
By driving carefully and taking the time to shop around and compare car insurance quotes, you can help to ensure that your vehicle is protected and save some money in the process.
With the credit crunch affecting everything from mortgages to credit cards, many consumers will be sitting down and analysing their finances at the start of a new year.
An important aspect of your financial portfolio to consider is your car insurance policy. With car purchases down in 2008 as a result of the credit crunch, many are putting off buying a new car this year because of money worries.
However, there are a few things you can do to help yourself whilst searching for a car insurance quote, you may even save yourself some money in the process:
* Ensure that your vehicle is secure. Parking in a garage or driveway rather than on the street, and fitting some additional security devices – such as alarms, immobilisers and steering locks can help reduce your premium by helping prove to your insurance company that you’ve taken measures to keep the vehicle safe.
* Try to resist the urge to ‘pimp your ride’ though. Any modifications you make to the vehicle – be it cosmetic or mechanical – can push up the cost of your premiums as a result of making the vehicle more attractive to thieves.
* Consider the cost of a policy against your vehicle – if you have an older vehicle it could work out cheaper for you to purchase a third party, fire and theft policy rather than a fully comprehensive cover. This will still offer a level of cover, but can be useful in that it can help reduce your monthly outgoings.
* Also consider upping your excess level – by agreeing to pay just that little bit extra in the event of an accident, you can save yourself some money on the policy itself.
* If you are able to, try to pay the policy up front, monthly payments may be useful for keeping track of your motoring finances, but it could work out cheaper for you to pay the policy off in one instalment.
* If you only travel a short distance every day – consider switching to a pay-as-you-drive policy. The less you drive, the less you pay, which could work out cheaper for you in the long run, plus you can keep up to date with payments in much the same way as a mobile phone bill.
* Build up a no-claims bonus by driving safely and carefully. By accumulating a good period of time without claiming, you can save yourself a chunk of cash on your car insurance.
By driving carefully and taking the time to shop around and compare car insurance quotes, you can help to ensure that your vehicle is protected and save some money in the process.
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travel insurance and and many other types of insurance
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