What Are No-Load/Low-Load Life Insurance Products?

What Are No-Load/Low-Load Life Insurance Products?

No-load life insurance is designed for fee-only advisors, but there are limitations to this kind of policy, including no blanket agreement, which represents the best value for the consumer. Moreover, some states have restrictions and regulations on fee-based insurance advising and consulting. These policies are designed to help reduce policy costs, especially surrender charges in the early years.

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Why Should I Consider a Life Insurance Policy Replacement?

Why Should I Consider a Life Insurance Policy Replacement?

A life insurance policy is a financial asset, which needs to be reviewed on a regular basis to ensure you are getting the value you expect, in exchange for the premium dollars you pay to the life insurance company. Your policy could be affected by a change in personal preference, the issuing company’s financial condition or increased competition in the insurance industry. In some instances, replacing your pre-existing policy with another one may be more beneficial for you, but it is a very big decision to make.

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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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