samedi 19 novembre 2011

Life Insurance Basics

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.
Term life insurance is the cheapest type of coverage. It does not build cash value. Cash value is money that can be used by the policy holder. Also, term life insurance lasts for a specified period before it expires. When the term is over you can renew your policy if you choose. If you die during the term, your beneficiaries receive the value of the policy. Term life is a straightforward type of life insurance but some policies may have fluctuating premiums. Make sure you understand the details of your policy before signing any binding contracts.
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


USAA debuts new retirement income plan
Bizjournals.com
USAA Life Insurance Co. has rolled out a new retirement product that comes with an option of withdrawing up to 30 percent of value to cover financial emergencies. The company's Guaranteed Retirement Income Plan is an annuity that company officials say .
USAA Life Insurance Company Announces Guaranteed Retirement Income PlanMarketWatch (press release)
10-Q: PHOENIX COMPANIES INC/DEMiddle East North Africa Financial Network

all 8 news articles »
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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


BAILEY v. AMERICAN HERITAGE LIFE INSURANCE COMPANY
Leagle.com
("ERISA"), and against defendants American Heritage Life Insurance Company and Disability Management Services Inc., to recover benefits he claims are due to him under an employee welfare benefit plan and an employee insurance program. .

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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

AFP

Brit arrested abroad over life insurance scam
Lifeinsurance.co.uk
A British man accused of faking his own death as part of a 1.25 million life insurance scam has been arrested in Australia. Authorities had been searching for Hugo Sanchez, formerly known as Alfredo Sanchez, for six years. .
British man accused of faking his own death to collect life insurance arrested .Washington Post
UK & World News: Dad who 'died' in 2005 faces extradition back to UK over .Scottish Daily Record
Brit accused of faking death arrested in Australiamsnbc.com
The Guardian -BBC News -AFP
all 566 news articles »
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Acclaimed CEO of Sapient Financial Group Announces Retirement - MarketWatch (press release)


Acclaimed CEO of Sapient Financial Group Announces Retirement
MarketWatch (press release)
During his tenure, the firm saw exceptional growth in assets serviced, increasing from $33 million in 1998 to $560 million* in 2010; and life insurance coverage in force almost doubled from $2.3 billion 1998 to $4.0 billion in 2010. .

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Customized Life Insurance: What Works Best for Your Life? - MarketWatch (press release)


Customized Life Insurance: What Works Best for Your Life?
MarketWatch (press release)
4, 2011 /PRNewswire via COMTEX/ -- The details involved in planning for your financial future can be dizzying for some people, and one subject that often seems impossibly complicated is life insurance. Add to that the struggle Americans feel in dealing .

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NY officials to investigate unpaid life insurance - Wall Street Journal

Politics on the Hudson (blog)

NY officials to investigate unpaid life insurance
Wall Street Journal
AP ALBANY, NY EUR” New York's attorney general and comptroller have begun jointly investigating unpaid life insurance benefits, citing data they say indicates millions of dollars may have been withheld improperly from thousands of possible beneficiaries. .
Scheiderman, DiNapoli team up for life insurance investigationPolitics on the Hudson (blog)

all 28 news articles »
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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


Joint life insurance and disclosing medical conditions
gulfnews.com
Strangely enough, a few weeks before we had to go through this emotional turmoil, I decided to apply for joint life insurance for my wife and myself. I am now unsure if my application will be denied due to my wife's medical condition. .
The Top 5 Scariest Things About Life InsuranceDaily Markets
Missouri Department of Insurance offers Help Finding Lost Life Insurance PoliciesInsurance News Net (press release)
Online Insurance Marketplace Announces an Increase in Searches for Keyword .DigitalJournal.com (press release)
Daily Dunklin Democrat (blog)
all 7 news articles »
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A.M. Best Affirms Ratings of CNO Financial Group, Inc. and Its Subsidiaries - MarketWatch (press release)


A.M. Best Affirms Ratings of CNO Financial Group, Inc. and Its Subsidiaries
MarketWatch (press release)
AM Best views this amendment favorably, noting that the holding company will have more flexibility with respect to investments and will foster utilization of the tax benefits from its non-life insurance operating losses carried forward. .

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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


Give Your Life Insurance a Checkup
Motley Fool
To do it, though, you'll have to venture into the confusing world of life insurance. As your life changes, so do your insurance needs. You may no longer need life insurance, or you might need more. Plus, you might have bought a policy years ago because .

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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


The Phoenix to pay some policyholders $219M
Hartford Business
A subsidiary of Hartford insurer The Phoenix Cos. plans to pay out $219 million in dividends next year to policyholders in its closed-out mutual insurance business. The Phoenix Life Insurance Co. said Friday its board voted to adjust the dividend scale .
THE PHOENIX COMPANIES, INC. : Phoenix Life Insurance Company Announces Policy .4-traders (press release)
Phoenix Life Insurance Company Announces Policy Dividend Scales For 2012TheStreet.com (press release)

all 4 news articles »
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