How Much Life Insurance Do I Need?

How Much Life Insurance Do I Need?

Every adviser, financial columnist, and relative has his or her own, perfect method for determining the right amount of life insurance. The three most commonly used methods are multiple of income, cover your debts, and human life value concept.

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What Taxes Apply to Life Insurance Premiums

What Taxes Apply to Life Insurance Premiums

The life insurance industry has developed in complexity and diversity over the years. When life insurance policies were originally created, they were insurance vehicles but over time, they’ve also become investment vehicles. Ultimately, all of this leads to a complex tax structure.

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What Is the Process for a Life Insurance Settlement?

What Is the Process for a Life Insurance Settlement?

Selling one’s life insurance policy for a life settlement is a good decision if the insured has been diagnosed with a terminal illness or their existing policy isn’t performing as expected, and once you’ve decided that selling your life insurance policy for a life settlement is a good idea, you’ll need to go through the transaction process to make it happen. The information provided below helps to explain this transaction process. Application After choosing the…

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What Is Equity-indexed Universal Life Insurance?

What Is Equity-indexed Universal Life Insurance?

Equity-indexed life insurance (EIUL) is a newer form of universal life, which combines elements of variable insurance into the mix. Most EIUL policies, unlike traditional universal life, have two separate accounts that can be used to credit interest. One account has a fixed interest rate that is declared by the insurance issuer, periodically. The other provides an equity option, which offers you the opportunity to benefit from positive equity/stock market returns.

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When To Sell Insurance Through Viatical or Life Settlement

When To Sell Insurance Through Viatical or Life Settlement

What are some tips to consider prior to selling a life insurance policy through a viatical or life settlement?

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Introduction: Who is Tony Steuer?

Tony Steuer, author of Questions and Answers on Life Insurance: The Life Insurance Toolbook, will be hosting a series of columns at Life Quotes, Inc about life insurance. He has over 25 years of experience, holds the Department of Insurance Analyst License (LA) as well as the Charted Life Underwriter (CLU) designation, holds varies leadership positions and author of three life insurance books.

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What Is Underwriting for Life Insurance?

What Is Underwriting for Life Insurance?

Once you have examined various life insurance policies and insurance companies, you are ready to start applying for a policy. At this point, you should have selected a company or companies to which you are going to apply to and a life insurance adviser. Your adviser will help guide you through pre-writing, underwriting and will also help you maintain your policy.

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What Is Private Placement Life Insurance?

What Is Private Placement Life Insurance?

Private Placement Life Insurance Products (PPIP) are non-registered Variable Universal Life (VUL) policies and Variable Annuity (VA) contracts that are offered exclusively to high net worth individuals. They have been referred to as a “hedge fund in a life insurance wrapper.”

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Ways To Calculate Your Life Insurance Needs

Ways To Calculate Your Life Insurance Needs

Capital preservation and capital liquidation is a method of calculating life insurance needs, which can be used independently or in conjunction with the need analysis. When used separately, it can serve as a quick calculation, if you want to just do an income replacement approach. Either way, once the amount of income replacement is determine, a decision must be made as to whether the pool of capital should be preserved or liquidated.

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Seeing Into The Future of Your Life Insurance Policy With An In-Force Illustration

Seeing Into The Future of Your Life Insurance Policy With An In-Force Illustration

An in-force illustration is the only way to gauge the potential future performance of a policy by using actual values and current assumptions (i.e., actual interest rate, current mortality and expense factors) to produce a current policy illustration. It allows you to compare past (actual) performance with anticipated performance.

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