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Archive for September, 2008

Life Insurance Vinton Louisiana

Sep 22

Posted by admin in cheap life insurance in Louisiana, term life insurance in Louisiana | Comments off


What is Variable life insurance?

Charles

Vinton,LA.

 

Charles,

Variable life offers a death benefit with a side fund that operates like an investment account. It shifts the uncertainties of investment gains and losses to the policyholder.

The insurance company invests your premiums and offers you a choice of funds in which your money will be invested. Returns are not guaranteed. The amount of money your beneficiaries will receive and the cash value of your policy depend on how well the underlying accounts perform. Theoretically, the cash value can go down to zero and, if so, the policy will terminate. Some variable life policies will guarantee a minimum death benefit.

Other permanent life considerations. When your cash value account grows large enough, it can be used by the insurer to pay your premiums for the rest of your life. This is known as being paid up. You can still withdraw your cash value, but you’ll have to resume premium payments to keep the policy in force or settle for a reduced benefit that the remaining cash value can support.

Great Question.

Term Life Insurance Sulphur Louisiana

Sep 20

Posted by admin in cheap life insurance in Louisiana, term life insurance in Louisiana | Comments off


Is Term Life Insurance Policy easy to understand?

Twyla

Sulphur, LA.

 

Twyla,

Term life insurance is the easiest to understand. It’s very simple, and it was intended to provide temporary life insurance for people who have a limited budget available. Term life insurance can be purchased in relatively small amounts.

A term life insurance policy can be renewed once the term is ending. To

continue it will continue add higher premiums as the insured is older at the time of renewal. In most states the insurance can be renewed as late as age 85 or 95.

 

Great Question.

Smokers Term Life Insurance Lake Charles Louisiana

Sep 17

Posted by admin in cheap life insurance in Louisiana, smokers life insurance, term life insurance in Louisiana | Comments off


Will Smoking raise my life insurance premiums?

Harold

Lake Charles LA.

 

Harold,

 

Smokers should be prepared to pay more than their healthier cousins. In fact smoking is such an unhealthy habit that smokers should be aware that they may be rejected by some insurance companies entirely. Smoking has been a chief concern for many years, with educative and persuasive techniques employed to encourage the public to quit. It is now equally important for obesity, another lifestyle choice, to be tackled in such a high profile manner. If the rising levels of obesity are not brought under control the public will be the ones paying the rising costs.

 

Great Question.

Comparing Life Insurance Rates in Kinder Louisiana

Sep 8

Posted by admin in compare life insurance rates, term life insurance in Louisiana | Comments off


 Can I Comparing Whole Life Insurance and Term Life Insurance?

Hank

Kinder, La.

 

 Hank,

 

There are some drawbacks to having a whole life insurance policy. For example;the investment component; that comes along with a whole life insurance policy is not always what it is cracked up to be. Whole life insurance policies are no account flexibility. This means you can not spread your money among different accounts, nor can you move your money from one account to another. Whole life insurance policies also will

not allow you to invest your money into different accounts.

It’s true that a whole life insurance rate tends to be more expensive than a term life insurance rate; this is why many people call term life insurance policies the most popular life insurance policies. However, a whole life insurance rate is higher for a reason; a whole life insurance policy will offer its policyholder benefits and options that a term life insurance policy won’t.

One of those benefits and options is the cash value. Cash value isn’t the same as face value. Face value is the amount of money your beneficiary will receive in the event of your death. Cash value is the amount of money that you can access while you’re still alive. Why would you want

to access money from your whole life insurance policy while you’re still alive?

And what does this have to do with your whole life insurance rate?

There are several reasons for wanting to access money from your whole life insurance policy while you’re still alive. You may want to take a loan against it to pay for an emergency, or, you may just want to cash it in before you die to enjoy the savings. Plus, if there’s enough money accumulated in your whole life insurance policy cash value, you can use it to pay toward your whole life insurance rate; this is especially helpful should you find yourself or your family experiencing financial burden.

Before you decide to buy whole life insurance over its counterpart, Term Life Insurance, it is crucial for you to understand the basics about Whole Life Insurance in Texas. The first type of whole life insurance is non-par or non-participating, whereas the second type is participating. The major difference between these two types of policies is that you cannot change them. In terms of a participating type insurance, the insurance firm will share the dividends with you.

Further, depending on the type of whole life insurance that you select, yourpremium may be able to be paid out of the monthly earnings of the cash value account attached to the whole life policy.

 

Excellent Question.