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LIFE INSURANCE ARTICLES BELOW
Get
Health Check-ups and Treatments to Maintain Your
Health and Life Insurance Options
As you
approach or begin retirement you may find that
life insurance can help fulfill some of your
wishes. But applying for or renewing a life
insurance policy often requires you to take a
physical exam. Life insurance companies want to
bet on you living longer. You can take that bet
but only if you keep healthy...read
more
Taking a Loan from Your Life Insurance Can be
Dangerous to Your Plans
Everyone,
including retirees, finds the need for some
extra money at one point or another. Those who
have life insurance may consider taking a loan
from it. The equity component of whole life
insurance polices – especially variable
universal life – presents a store of savings
that you can access in time of need. Though
borrowing against your insurance policy may be
an attractive option, be aware of the danger it
presents to your plans...read
more
Keep Your Life Insurance Proceeds for Your
Beneficiary and out of Your Estate
When you
purchased your life insurance, you had a
beneficiary in mind and hopefully designated him
on the policy. If, however, you were undecided
at that time, then you – or more specifically
your estate – became the beneficiary. Don’t
forget to update your policy by deciding and
designating your beneficiary or you’ll undermine
a lot of the benefits that a life insurance
payout can give your intended beneficiary...read
more
What are Term Life Insurance Options for Aging
Baby Boomers
Baby boomers are
into their early to mid 60s now. Because baby
boomers are a ‘bulge’ in the age population, the
life insurance market is
more competitive in
reducing rates for this group. Staying
up-to-date on your life insurance options, their
rates and your needs makes good financial sense.
Let’s take a look at the options …read
more
How to Put Your Life Insurance Records in Order
You haven’t done everything you should about
your estate planning if you haven’t made your
records understandable and accessible by those
you leave behind. When you’re gone, others have
to find your records so they can to take actions
on your holdings – actions you want them to
take. Let’s see how to get your life insurance
on your life in order for your spouse or another
to act efficiently when the times comes...read
more
What’s This about Guaranteed Acceptance Life
Insurance?
It’s hard
to miss all the TV Ads that offer it to you.
They’re clearly targeting older retirees. What’s
it all about? If it’s not a scam, how can an
insurance copy offer it and not get ripped off
itself? Guaranteed acceptance life insurance
means what it says: you apply for it and as long
as you can pay for it, you get it with no
medical exam and no medical questions! Here’s
the deal….read
more
Designate a Life Insurance Beneficiary So It
Doesn’t Go to Your Probate Beneficiaries
When you
purchase a life insurance policy on your life,
you can obviously designate a beneficiary for
its death benefit. But if there’s no live or
designated beneficiary, it’ll go into your
estate’s probate process with its own
beneficiaries. Here’s why you should avoid
letting this happen…read
more
When Can You Buy or Own Life Insurance on
Someone Else’s Life?
A person
generally buys a life insurance on his life to
supply the death benefit – cash - to his
beneficiary when he dies. But can anyone buy or
own life insurance on someone else’s life.
That’s what this article addresses...read
more
Problems Naming Persons as Beneficiaries of Your
Life Insurance
You have
to be aware of problems you can have when you
name a person as beneficiary of your
life insurance. This article
presents circumstances that can produce problems
you didn’t intend to happen...read
more.
Use Trusts to Get Your Life Insurance Proceeds
to the Beneficiaries You Intend
Naming
individuals as beneficiaries of your life
insurance can produce problems getting your
death benefit used as you intended. This article
overviews who you should avoid designating as
beneficiaries and devices you can use to assure
your intentions for those benefits...read
more
What You Should Know about Level Term Life
Insurance
As you approach retirement, you may still have
reasons to own life insurance at least for a
while. You might consider ‘level term’ life
insurance as an option. Here’s what you should
know...read
more
Switching Life Insurance Policies - Keep This in
Mind
As you approach retirement, your life
circumstance is geared to change. Because your
life insurance needs depend on your
circumstance, it’s geared to change too. So
switching life insurance polices becomes a
consideration. But here’s what to keep in
mind...read
more
Use Life Insurance to Complement Your Pension
Payout Plan
Ensuring
the best possible income for you and your spouse
during retirement until you both die is
important. You can use life insurance to enhance
your company pension payout plan choices. Here’s
a couple of ways to approach ensuring an income
for both your lives...read
more
How Does a Viatical Differ From a Life
Settlement?
If you
have a life insurance policy with cash value
assigned to it, you can probably sell it. Both
Life Settlements and Viaticals involve selling a
life insurance policy. This article explains how
they differ...read
more
Considerations for Retirees Can Seeking to Sell
Their Life Insurance
Policies
If you
need more cash, look to the value of your life
insurance policy. But you must determine if
you’re willing to forego the policy’s death
benefit for your beneficiaries and what amount
of cash you can get for it. This article shows
you some simple things to consider...read
more
What’s Your Life Insurance Company’s Risk
Assessment of You
You may choose
life insurance to help payoff your bills, estate
taxes, take care of a spouse or create a legacy
for your love ones at your death. But the
benefit of your life insurance comes at a cost
of the premiums you pay for it. And that cost
is in large part determined by what the life
insurance company thinks your remaining life
expectancy is when you apply. That’s the risk
you pose to them. Here are their assessment
categories and reasons.
read more
How
Life insurance as a Tax Shelter May Benefit You
Ensuring that a family can
financially survive the death of its bread
winner has been the principal purpose of life
insurance since its conception. Over the years,
it’s developed many tax-saving attributes that
increase its usefulness as a store of value -
for retirees too. Which tax benefit can you use?
read more
Reasons to Sell Your Life Insurance Policy
A Life insurance settlement
presents a unique opportunity to a policy holder
to extract the maximum possible value from an
existing life insurance policy. He can use those
funds for alternative needs. Many people choose
this option because the cash value of a life
settlement generally exceeds the surrender value
that the life insurance company would have been
paid...read
more
Avoid Mistakes When Buying or Maintaining a Life
Insurance Policy
When approaching or entering
retirement, you may put your estate and savings
in order, but watch out you don’t foolishly
allocate your money. If you’re considering life
insurance to achieve some ends, avoid misjudging
its benefit to you...read
more
Use
a Life Insurance Trust to Achieve Some Estate
Planning Goals
Life insurance creates money in
the form of a death benefit when you die. But
estate taxes can take a big chunk of your estate
– and that includes any proceeds of your life
insurance. Using a life insurance trust can
bypass estate taxes and help in other ways...read
more
Ways to Use Life Insurance in Your
Estate Planning
Life insurance can help you provide the extra
cash that protects your estate from being gouged
by estate taxes. Here's how...read
more
Life insurance riders for changing needs at lower
cost
Underwriting
is that part of a life insurance policy’s cost for
evaluating the risks of insuring you specifically.
Rather than beginning a brand new life insurance
policy – with all its costs - when your needs change
– you can often find a rider policy to add to your
base policy for a minor premium...read
more.
Which Type Of Life Insurance Suits You?
The ultimate reason for buying life insurance is for
paying a benefit to a beneficiary when
you die. The purpose of that payout benefit varies
with your situation. Life insurance as well as
health insurance, is priced by the insurance
companies based on your health. Life insurance
companies expect you to live statistically so many
years....read
more
Health
Concerns for life insurance differ from insuring a
life annuity
Both life insurance and life annuities are handled
through insurance companies. But they view your
health status differently for these two product
types. Let’s see why....read
more
Term Insurance and Terms You Need to Understand
Insurance companies charge you
premiums based on your health and age. When you
buy life insurance to cover you for only a set
number of years, the insurance companies offer
you different types of premium options to pay
for your coverage. This article explains some
key words that insurance companies use to
characterize these premium types. Understanding
them is critical to recognizing the possible
cost and length of your coverage...read
more
Your Life Insurance Policy Presents Many Options If
You’re Short on Cash
If you’re in need of cash or running short on
income, you can turn to your permanent life
insurance policy to help you out. Your policy
carries both a cash value and provides a death
benefit at your death.This article shows a variety
of ways your policy can solve your cash needs...read
more
More articles in this category are coming -
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