|
Life Annuities
|
Life Insurance Settlements
Life insurance settlements, which began during 1980s, refer to purchase of existing life insurance policies of either senior citizens or ill people. For example, if an insurance policy holder is in bad need of money for the treatment of his serious disease like cancer, heart problem or AIDS, he/she can opt for life insurance settlements with some other people. They will sell their policies to the highest bidder and get around 50 to 60 percent of the face value of the policy, which they can use for the treatment and the purchase of expensive drugs.
Even senior citizens over 65 years of age can sell their policies to others for the amount more than the cash surrender value. There are some companies who have expertise in the business of purchasing existing policies from senior citizens. Therefore depending on the purpose of the sale, one can categorize life insurance settlements into Viatical settlements and Senior Settlements. Further life settlements have become a very important tool for many areas as under.
|
|
Corporate Life Insurance Settlements
Life insurance settlement is the purchase of the existing insurance policies from the policyholders at a fixed percentage of the total cash value of the policy. This can be taken advantage of by a senior citizen who thinks that his or her policy is no longer needed, or by a terminally ill person who is in bad need of money for meeting expensive medical treatment. If policy owners observe that their insurance policies are not performing well in the market, they will sell the policies to third parties generally life insurance settlement companies or brokers. The sole business of these organizations is nothing but purchasing existing insurance policies. A corporate life insurance settlement is obviously the life settlement of the insurance policies purchased by corporate employers for covering employees’ retirement plans.
|
|
Life Insurance Settlement Options
A life insurance settlement refers to the purchase of the insurance policy before the maturity date or the demise of the policyholder. There are some life insurance settlement companies or brokers whose sole business is the purchase of life insurance policies from the holders. These companies will pay a fixed portion of the policy amount to the holders and make all the necessary documentation with the insurance company for the change of the ownership and the beneficiary of the policy. Once they got confirmation from the insurance company stating the change of the ownership, they start paying premiums to the insurance provider. They receive the full policy amount either on the date of the maturity or on the demise of the policy owner, whichever is earlier.
|
|
Life Insurance Agents
A Life Insurance Policy provides the payment of the amount of the insurance to the family members on the death of the insured person. There are three parties involved in life insurance policy- the one who is insured, the one who insures it, and the policy holder. Generally the insured person and the policy holder are same person. Clients that are interested in buying life insurance policy can contact a reputed Life Insurance Agent. The responsibilities of Life Insurance Agents include meeting new people, get necessary information about their present position and providing them information about their policy products. Life Insurance Agents represents insurance company in selling and serving insurance policies. Life Insurance Agents sends out reminder to pay premium or notify clients of any change in rates.
There are two kinds of Life Insurance Agents-Independent Life Insurance agents and Direct Life Insurance Agents. Independent Life Insurance agents help the clients by searching the most beneficial price for the most coverage. Independent Life Insurance Agent can represent two or more companies. Generally the commission the agent gets is a percentage of each paid premium plus the fees for serving the policy of insured person. Direct Life Insurance Agents can represent only one company at a time and sells its policy only. Direct Life Insurance Agents are paid same way as Independent Agent- that is by commission and fees.
|
|
No Load Life Insurance
No-load life insurance is offered mainly through financial brokers who may work with a number of different insurers. They will usually receive a flat fee based on the size and length of the policy.
|
|
Inexpensive Whole Life Insurance
We live in an age where knowledge is power. We are bombarded with information through various media. Although we are overloaded with information, it certainly has made our decision-making processes easier. The Internet is one such powerful medium that offers information and advice at a fraction of cost.
|
|
Universal Term Life Insurance Guide 101
Universal term life insurance is a combo of term life insurance and universal life insurance. It is a kind of term life insurance. Term life insurance is insurance for a specific term period for instance from 5-30 years.
|
|
Life Insurance Policies
Life insurance is a kind of insurance policy that covers the costs after the death of the insured person. These costs include estate settlement costs, death taxes, or any charities. It is particularly meant for providing security for the insured’s dependents.
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
26 |
27 |
28 |
29 |
30 |
31 |
32 |
33 |
34 | 35 |
36 |
37 |
38 |
39 |
40 |
41 |
42 |
43 |
44 |
45 |
46 |
47 |
48 |
49 |
50 |
51 |
52 |
53 |
54 |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
|