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Life Insurance Articles |
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Expert Author: William Regal | Summary A way by which the senior citizens can lead a self contained life is by selling their life insurance policy. Senior life settlement is a way of fulfilling all the requirements of elderly people. Expert Author: Vincent Yeong | Summary Term life insurance is the most simplest and original form of life insurance, it has the cheapest premium because it provides no cash value to the buyer, and there will be no saving or refund of premium. This is fair enough because this policy is designed solely for life protection, and very inexpensive premium is required. Expert Author: Vincent Yeong | Summary A life insurance policy is a contract between the insurer and the policyholder. In general the one who pays regular amount of payments called premiums to the insurer is referred as policyholder, the one who receives the premiums and in return will pay the specified amount to the beneficiary or nominee is called insurer. Expert Author: Musa Aliyu | Summary In a recent case a life insurer declined paying the dependents of a deceased policyholder their breadwinner’s life insurance money on the ground that he violated terms of the policy. The violation was in respect of hiding vital information relating to the policyholder’s heath condition. Expert Author: Donald Lusan | Summary Consider mortgage life insurance when you buy your first home. Everyone will likely agree that purchasing your first home is one of the most important decisions you will likely make. Many thoughts go through your mind at this time. You look forward to living in the house you are about to buy, you furnish and decorate it in your mind, you are satisfied that that is what you want to do, but you also wonder if you are doing the right thing. Expert Author: David Mayer | Summary There are many words like "should" and "ought" we use to tell ourselves and the world around us that we have obligations. There are other words to tell us what we want and need. When we put together all the pieces in a decision, we choose to do things when we have needs we cannot satisfy in any other way. So where do we start? It all starts with the word "I". There is always a "me", and what I have is "mine". This is selfish. It may not be pretty, but nature has built it into us to help us survive. Expert Author: Rudi ONeil | Summary Should you be one of the people that has been putting off getting yourself life insurance, then you are doubtless oblivious to the fact that the market has taken a positive swing in the direction of the consumer, with prices being at their lowest for a decade! If you take a 40 year old man as an example, in 1998 it would have cost this man, (who is perfectly healthy, by the way) GBP 260.00 to procure GBP 300.000 pounds worth of insurance. Expert Author: Donald Lusan | Summary Is life insurance something we always think about or do we simply take care of it and move on with our lives? As we navigate the adventure of living there are certain inevitable challenges which must be addressed at some point in time. You are just getting married or preparing for a new baby or, on the other hand, you may have been married for a while and have grown children. You face the everyday enjoyment of living together. There are some difficulties but you, through force of will, overcome them. Expert Author: Amanda Hash | Summary Nowadays most people know that insurance is not only a way to secure your assets and personal life but also an investment. When it comes to life insurance, term life insurance is often suggested as an inexpensive solution to insurance needs. However, you may wonder whether life insurance is really advantageous for your particular situation. In order to answer such question you need to fully understand term life insurance and only then analyze who can benefit from that kind of terms and conditions. Expert Author: Billy Leverton | Summary Have you ever thought why your life insurance premiums rising? There are many factors for that. Someone with good health and lifestyle, their life insurance is normally lower. On the contrary, if some body with bad health and poor life style, he will obviously be paying more for their life insurance premiums. Expert Author: David Mayer | Summary The article looks at the basic steps you should take when buying a life insurance policy. Always get quotes for the same death benefits over the same term, and standardize the instalments. Don’t be tempted by fancy offers and get the right to renew at the same premium. Expert Author: David Mayer | Summary One way of looking at the choice between term and permanent life insurance is as a lease and a purchase. When you take out a term policy, you lease the right to death benefits during the term. When the contract ends, you have no further interest. But when you buy a permanent policy, it stays in force during your lifetime and accumulates a cash value from a tax-deferred savings component. So a permanent policy is term insurance plus an investment account and many buy this kind of policy because you can borrow from the cash component or surrender a part of the policy during your lifetime. Expert Author: David Mayer | Summary Almost everyone understands the idea of life insurance. You pay a premium. When the life insured dies, the insurance company pays out to the beneficiaries. That works well in the many cases where the life insured is employed. But those who run their own businesses, whether as sole proprietors, partners or majority shareholders in a corporation have slightly different needs. The article looks at the use of buy/sell agreements linked to life insurance policies to maintain a business after the death of a sole proprietor, partner or major shareholder. Expert Author: David Mayer | Summary According to the National Health and Nutrition Examination Survey (NHANES) 2001 to 2004, about two-thirds of adults in the U.S. are overweight and almost one-third are obese. The article confirms that those who are overweight and smokers pay significantly higher premiums for life insurance. The only remedy is to quit smoking and lose weight. Expert Author: Billy Leverton | Summary Life insurance is a legal contract between an insurance company and the policy owner. The life insurance company pays a sum of money upon such event like death of the person insured. The amount of money is paid to the respective beneficiary in case an insured event covered by the policy is occurred. The terms and conditions in the contract describe the limitations of the events insured. Expert Author: David Mayer | Summary To get the winning policy and not to overpay for it can turn to either simple or extremely difficult task. Insuring own life is one of few businesses where the salary of its agents depends on their commission payments for up to 80 percent. Insurance businesses really pay their employees huge commissions of each sold whole-life police - nearly 80 percent of the person’s payment for the first year is paid to the agent. Moreover, the agent usually gets a premium for this policy five more times. For comparison, the commission for the term policy usually makes up 10 percent. Expert Author: Mike Armstrong | Summary Although little documented evidence of adverse treatment of individuals in employment, health insurance or life insurance exists to date, concern about discrimination is widespread. Such concern should not be dismissed as irrational and unworthy of consideration for two important reasons. Expert Author: Mike Armstrong | Summary A major policy question for possible regulation of the use of genetic information in life insurance is whether access to life insurance should be considered an economic issue or a civil rights issue. If the former, insurance companies should be given wide latitude in deciding what information to consider in underwriting. Expert Author: Mike Armstrong | Summary Elected officials, executives of the life insurance industry, academics, consumer advocates, and numerous other individuals have begun searching for an appropriate response to the issue of genetic information and life insurance underwriting. We attempted to identify public opinion about various policy options. Expert Author: Mike Armstrong | Summary The process of forming contracts depends, of course, on the nature and relationship of the contracting parties. Voluntary individual insurance, under which contracts designed by insurers without significant constraint are offered to the public, is only one of several relationship structures that could be employed.
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