Is Life Insurance Worth It?

Is Life Insurance Worth It?

Protecting what matters most was the focus of a recent survey done by financial services firm Edward Jones and nonprofit consumer-education organization Life Happens in December 2018. Not surprisingly, the survey found that 81 percent of Americans believe their family is their most valuable asset, but less than half (41 percent) are protecting their family with an individual life insurance policy. One third of the over 2,000 Americans surveyed (32 percent) indicated that life insurance is either a low priority or no priority item when starting a family

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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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Five Basic Types of Life Insurance Policies

Five Basic Types of Life Insurance Policies

When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…

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Study Finds That Improvement Needed In Financial Planning Age Groups

Study Finds That Improvement Needed In Financial Planning Age Groups

Northwestern Mutual completed a study that surveyed over 2,000 respondents on the state of financial planning in America – including behaviors toward money. The study found that while 70 percent of “Highly Disciplined” planners feel ‘very financially secure’ – vs. 51 percent of “Disciplined” planners – just 34 percent of Informal planners and 17 percent of non-planners feel the same about their security. Highly Disciplined planners who are retired are much more likely than non-planners to…

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What You Need to Know About Universal Life Insurance

What You Need to Know About Universal Life Insurance

Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings component of the policy.

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Whole Life versus Universal Life Insurance

Whole Life versus Universal Life Insurance

Choosing between whole life and universal life insurance can be confusing, but the decision ultimately comes down to your preference, age and current financial situation.

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What affects individual life insurance premiums?

What affects individual life insurance premiums?

According to LIMRA’s third quarter 2013 individual life insurance sales survey, individual life insurance premiums remained level with the same period of 2012.

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How guaranteed universal life ensures proper estate planning

How guaranteed universal life ensures proper estate planning

If you want to make ensure that your estate is to your heirs instead of to the IRS, consider purchasing a guaranteed universal life survivor (GULS) plan. GULS is a special type of insurance, sometimes called “second-to-die life insurance” designed to provide funds after the second insured dies.

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Guarantee death benefit on cash value life insurance

Guarantee death benefit on cash value life insurance

When it comes to universal life (UL) insurance, one of the biggest concerns is that the death benefit is not guaranteed for the life of the policy. Most policies will terminate or mature at age 95 or 100 and cash out at that time. When this happens, it leaves the client with the cash value, which is often less than the death benefit.

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What is permanent life insurance?

What is permanent life insurance?

Whole life or permanent life insurance protects you throughout the course of your life. There are four types of whole or permanent life insurance, according to the Life and Health Insurance Foundation for Education: traditional whole life, universal life, variable life and universal variable life.

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