Life Insurance Basics
If you are over 18 years of age you should educate yourself on life insurance basics. You don't have to become an insurance wizard, but every adult should know rudimentary information about life insurance. First let's take a look at the main types of insurance. They are term life, whole life, universal life and variable life. Universal and variable can be combined to make a universal variable life insurance policy. It may sound a bit confusing, but once you know the difference between each type it is quite easy to understand.Whole life insurance is coverage for your whole life. It builds cash value, which means you can withdraw funds. Since insurance policies are usually tax free this allows you to accumulate funds that are tax free. Whole life insurance does not offer a lot of flexibility because the insurance company decides how to invest your cash. However, you can choose whether you want the money put into an account to build or put towards your premium payments. To learn more about the tax benefits of insurance investing, speak to a certified financial planner.
Universal and variable policies are more flexible because they do give you choices as to where to invest your money. However they may also have some disadvantages because they can be more risky. If you want to learn more about the types of insurance, the Internet is a great source of knowledge. You can also obtain free life insurance quotes from leading companies. If you need more information about life insurance basics or want to apply for a new policy, consult an insurance agent who can walk you through the process and answer all your questions.
Life Insurance News:
Give Your Life Insurance a Checkup Are you getting the right amount of life insurance?.. | ||
USAA debuts new retirement income plan - Bizjournals.com
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New York officials to investigate unpaid life insurance benefits The state wants to make sure insurance companies are turning over unclaimed policy proceeds to the comptroller's office... | ||
BAILEY v. AMERICAN HERITAGE LIFE INSURANCE COMPANY - Leagle.com
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Online Insurance Marketplace Announces an Increase in Searches for Keyword, "Seniors Life Insurance" Online Insurance Marketplace (OnlineInsuranceMarketPlace.com) Announces an Increase in Searches for Keyword, "Seniors Life Insurance" (PRWeb November 04, 2011) Read the full story at http://www.prweb.com/releases/seniorslifeinsurance/lifeinsuranceforseniors/prweb8938933.htm.. | ||
Brit arrested abroad over life insurance scam - Lifeinsurance.co.uk
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Acclaimed CEO of Sapient Financial Group Announces Retirement - MarketWatch (press release)
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Customized Life Insurance: What Works Best for Your Life? - MarketWatch (press release)
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NY officials to investigate unpaid life insurance - Wall Street Journal
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Online Employee Benefits Enrollment Is The New Normal The Guardian Life Insurance Company of America (Guardian), one of the nation's largest mutual life insurers and a leading provider of employee benefits, today released new research showing that 62 percent of workers now enroll online for their employee benefits, compared to only 29 percent in 2005.. | ||
Phoenix Life Insurance Company Announces Policy Dividend Scales for 2012 The Board of Directors of Phoenix Life Insurance Company has voted to adjust the policy dividend scale ... | ||
Insurers say euro zone woes hinder life sales LONDON (Reuters) - European insurers said tough economic conditions triggered by the euro zone debt crisis were hitting the life insurance market, leaving the non-life and emerging markets sectors to take up the slack... | ||
Joint life insurance and disclosing medical conditions - gulfnews.com
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A.M. Best Affirms Ratings of CNO Financial Group, Inc. and Its Subsidiaries - MarketWatch (press release)
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Acclaimed CEO of Sapient Financial Group Announces Retirement SAN ANTONIO, TX-- - Frank Woodruff, CEO and General Agent of San Antonio-based Sapient Financial Group, a general agency of Massachusetts Mutual Life Insurance Company , announced he will retire on Aug. ... | ||
Life insurance payments investigated Uncovered data indicates improper withholdings... | ||
Give Your Life Insurance a Checkup - Motley Fool
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NY officials to investigate unpaid life insurance New York's attorney general and comptroller have begun jointly investigating unpaid life insurance benefits, citing data they... | ||
How to calculate your life insurance coverage There are different ways in which you can calculate the life insurance coverage. Here are some simple ways to find out your life's worth... | ||
The Phoenix to pay some policyholders $219M - Hartford Business
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