Advantages of a Whole Life Insurance Policy

To begin with, you need to understand that life insurance falls into two very broad categories: Whole and term. The basic difference between term and whole life insurance is this: A term policy is life coverage only.

In whole life insurance policy, as long as one continues to pay the premiums, the policy does not expire for a lifetime. As the term applies, whole life insurance provides coverage for the whole life or until the person reaches the age of 100. Whole life insurance policies build up a cash value (usually beginning after the first year). With whole life, you pay a fixed premium for life instead of the increasing premiums found on renewable term life insurance policies. In addition, whole life insurance has a cash value feature that is guaranteed. In term and whole-life, the full premium must be paid to keep the insurance.

With level premiums and the accumulation of cash values, whole life insurance is a good choice for long-range goals. Besides permanent lifetime insurance protection, Whole Life Insurance features a savings element that allows you to build cash value on a tax-deferred basis. The policyholder can cancel or surrender the whole life insurance policy at any time and receive the cash value. Some whole life insurance policies may generate cash values greater than the guaranteed amount, depending on interest crediting rates and how the market performs. The cash values of whole life insurance policies may be affected by a life insurance company's future performance. Unlike whole life insurance policies, which have guaranteed cash values, the cash values of variable life insurance policies are not guaranteed. You have the right to borrow against the cash value of your whole life insurance policy on a loan basis. Supporters of whole life insurance say the cash value of a life insurance policy should compete well with other fixed income investments.

Unlike term life policies, whole life insurance provides a minimum guaranteed benefit at a premium that never changes. One of the most valuable benefits of a participating whole life insurance policy is the opportunity to earn dividends. The insurance company based on the overall return on its investments sets earnings on a whole life policy. In addition, while the interest paid on universal life insurance is often adjusted monthly, interest on a whole life policy is adjusted annually. Like many insurance products, whole life insurance has many policy options.

Make sure you can budget for whole life insurance for the long term and do not buy whole life insurance unless you can afford it. You should buy all the coverage you need now while you are younger, and if you cannot afford whole life insurance, at least get Term. That is why whole life insurance policies have the highest premiums it is insurance for your whole life, no matter when you pass on. The level premium and fixed death benefit make whole life insurance very attractive to some. Unlike some other types of permanent insurance, with whole life insurance, you may not decrease your premium payments.

For more information about whole life insurance, visit Whole Life Insurance [http://www.wholelifeinsuranceinfoguide.com] and Term Insurance [http://www.terminsuranceinfo.com]

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Arkansas Life Insurance Guide - How to Find Cheap Arkansas Term Life Insurance Rates

Cheap Arkansas term life insurance rates are not that hard to find. There are many companies out there that can be of a lot of benefit to the great population of the state. According to the United States Census Bureau there were approximately 2,810,872 people living in the state of Arkansas in the year 2006. This means that the state's population grew 5.1% from the year 2000 to 2006. With so many people in the state it is very probable that there are some out there wondering about life insurance and what companies are best for your interests. Below you will see some companies that give coverage in the state of Arkansas, as well as a brief explanation about the life insurance business and how it works. Take a few moments to read up on AR life insurance business and then use your new found knowledge to find cheap Arkansas term life insurance quotes!

Types Of Arkansas Life Insurance Policies

Life insurance is simply an agreement between a person and a company, in which the company gives word to the policy holder that it will pay death benefits in exchange for premiums. This means that the person will be paying premiums and keeping the policy active as much as possible. In return the company will simply pay in case of an unexpected death to the policy holder. People generally choose life insurance to protect their families from economic losses that they may have after the death of a family member. There are two types of AR life insurance: term life and permanent life.

Arkansas term life insurance policy: With this kind of insurance policy the person will only be covered for a specified amount of time and they are not guaranteed a death benefit. This means that at the time of getting the policy, the person to be insured picks the amount they want to purchase and the amount of time they want to keep the policy active. The policy will end after the specified period end and if the policy holder does not die within that specified amount of time the death benefit won't be distributed.

Arkansas permanent life insurance policy: With this type of life insurance policy they customer will simply start paying premiums and they will be covered for their entire lives. After having paid the policy the rest of the premiums paid will simply go into what is called the "cash value" of the policy, which is simply the savings portion. The insured and its family will be guaranteed a death benefit if they pay the premiums regularly and keep the policy to date.

Arkansas Life Insurance Companies

The state of Arkansas like many other states has some prominent life insurance companies that you have heard of, as well as some that are only familiar to some people. Below we will analyze some of the companies and the plans that they offer. Keep in mind that you can also search for your own life insurance companies through the use of your yellow pages or a search engine such as Yahoo or Google; and that there are many AR life insurance companies in the market from which you can choose from.

Prudential Financial: This might be one of the big companies when referring to life insurance in the United States. They were founded in the year 1875 and since that year they have helped people establish good economic futures. It all started when John Fairfield Dryden, an insurance agent from the city of Newark, New Jersey decided to found the Prudential Friendly Society. The company grew tremendously in the first four years and they inundated the markets of New York and Pennsylvania as well. Ten years later the company reached the magnificent mark of $1 million in assets and continued expanding itself across the United States.

Nowadays, Prudential is in the Top 100 companies in the United States and they are all over the world with offices in South America, Europe, Asia and Canada. Their life insurance division is one of the most recognized around the world and they provide excellent choices of products for customers. They offer three types of Arkansas term life insurance: Term Essential, Term Elite and PruLife Return of Premium Term. If a customer decides to obtain Term Essential they will simply be paying constant premiums of the same amount. After completing the specified time in your policy you will be able to convert your policy to a permanent one, but your premiums more than likely will rise. If you decide to go with Term Elite then you will have constant premiums and have the ability to convert it to a permanent one if you reach 65 years of age or 5 years after the policy started. If you do this, you might receive credit toward your policy.

Last but not least, they offer PruLife Return of Premium Term which only differs in that it offer life insurance to the people that you name your beneficiaries and it provides you with a guaranteed return of any out of pocket expenses that you might had paid. In addition to this plans, Prudential offers AR permanent life insurance for whoever that wants to get it. Keep in mind that there are different types of permanent and if you want one you should check with Prudential to see what options they have.

New York Life Insurance: This Company was founded in the year 1845 and they have continued to grow dramatically until this date. The company prides itself in having New York agents that are some of the best trained and specialized agents in the country. They have approximately $169 million in assets and they are ranked in the top of A.M. Best Rankings. The company itself offers many types of life insurance policies including 5 and 20 year term life insurance, as well as Whole Life Insurance in Arkansas (a type of permanent life insurance in which you can build protection for your business or family, such as retirement funding, estate protection and mortgage protection), and Universal Life Insurance (a type of permanent life insurance that gives you supreme flexibility in how and when you want to pay the premiums).

They also offer Survivorship life insurance (also known as second to die insurance) and it basically only pays the death benefit after the second person in the policy dies. This means that if you are couple and you decide to obtain this insurance, then more than likely your children will be the beneficiary because until both of you die, the amount will not be distributed. New York Life Insurance also offers many other policies, however it is important that you first identify your needs and then pick your policy accordingly.

There are many other insurance companies in the state such as MetLife, Allstate, and AIG. The important thing however, is to shop around and see which one of them interests you the most.

How To Find Cheap Arkansas Life Insurance Rates

The fact of the matter is that Arkansas life insurance prices vary quite a bit depending upon many different factors. The first thing you need to know is that if you have major health issues it will be better for you to go with a company that does not require a medical exam examination. If you are reasonably healthy then it is your decision to go with your choice of a fully underwritten permanent or term life insurance policy. Both are great and in the state of Arkansas many people have different opinions about each. Be sure and consult with a licensed Arkansas life insurance agent or broker in order to determine which type of life insurance policy will be best for your specific needs.

Once you know the Arkansas life insurance company of your choice and the plan that you want to purchase you should ask yourself the question of: How much coverage is enough for me and my family? The fact of the matter is that views change when speaking about how much life insurance to purchase. If you are a single man or woman without any children then you will need less than a father or mother with three children in the household. Perhaps one basic rule about life insurance is to buy a death benefit of at least six times that of your annual gross income. Whatever the amount is, the decision lies in your hands!

Compare Arkansas Life Insurance Quotes Online

As seen in the few words above, the life insurance industry in Arkansas offers the residents many products that can be of great benefit for their futures. Whether you decide on term or permanent life insurance; do what is best for you and for your family. Your future and the one of your loved ones can be secure if you do the responsible thing!

Of course, just because buying an Arkansas life insurance policy is the responsible thing for many Arkansas residents who have people that depend on them - it doesn't mean that one should pay more for life insurance coverage then they need to! Compare quotes from multiple companies side by side in order to find the best deal. Get started comparing cheap life insurance quotes today!

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Different Life Insurance Policies, Different Rates - But, Now's The Time To Reevaluate Your Policy

Here are the top four life insurances listed from most expensive to the least expensive.

Universal life insurance

Whole life insurance

Return of Premium life insurance (R.O.P.)

and least expensive of all - Standard Term life insurance

The least expensive may sound good but it may not necessarily be the best insurance for you and your family. A lot of people may have different policies. Two or even three. Each one covering a specific need.

Okay, let's get to these important tips that could save you money when shopping for life insurance.

Buy life insurance while you're young.

The younger you are when you purchase a life insurance policy the better. Your rates will be much lower. Buying life insurance for your children when they are young will keep their premiums low for the rest of their lives. Up to 10 times lower!

Find a life insurance policy that meets all your needs.

In other words, a policy that is' tailor-made' just for you and your family. Everyone has different needs.

You have a home with a 30 year mortgage that you would want to protect with a 30 year policy. You are 30 to 40 years of age. You should consider a small Whole life insurance policy with an additional 20 year Term life policy. Perhaps you are close to retirement. A 10 year Term life insurance policy may be right for you.

If you are a smoker, you want to consider a short term life insurance policy. (Just quit smoking!! Get a new policy! Many policies are much cheaper for a non-smoker. You will not only get healthier, but think of the money you'll be saving! Not just on your premiums, but on all that you spend on tobacco!! )

How much life insurance should you purchase to meet your needs and the needs of your family?

First, you need to sit down and figure out what your needs are and the needs of your family.

You need to be prepared when dealing with insurance companies. Their goal is to make money off you. They will do their very best to try and sell you more coverage than you really need. Only purchase enough coverage that will take care of your family if something should happen to you. Such as, burial expenses, out-standing debts, mortgage, etc. Enough insurance for them to live on in a way they have become accustom to. (Note: An average standard is 10 times your yearly gross income plus any large debts you may have.)

The reason one should need to purchase more life insurance than needed is if you are leaving behind a large estate. This would be to keep the assets of your estate from being taxed.

If an insurance company is trying to push you to buy more coverage than you need, move on to another insurance company! There is no trick to buying life insurance. It's not only fast and easy; It's free on the internet! You can get many different quotes from many different insurance companies in no time at all and save you a lot of money.

Save money by matching the right insurance company to your lifestyle Let's say that you have a high risk occupation. Such as an airplane pilot or construction worker. Or perhaps you have a high risk hobby. Such as jumping out of an airplane rather then piloting one. Insurance companies are well aware that they are taking a big. Therefore, they will charge you much higher rates figuring that you may not be paying them premiums as long as they had planned on.

The insurance companies will still insure 'high risk' people. But the amount of those individuals is limited. Example: An insurance company, let's say, has a limit of 10,000 policies that they will issue to a 'high risk' individual. Each individual pays $1,000 per year for their policy. Now, after the insurance company reaches their limit of 10,000 policy holders, a 'new' high risk individual, (#10,001), is going to pay double for that exact same policy. Why? Because insurance companies are NOT going to exceed that limit and put their assets at risk. They need to compensate by charging higher rates to everyone over that limit.

Take notice of fluctuating rates as your insurance policy increases Some insurance companies are willing to give you a bit of a price break when you increase the amount of your coverage. It is possible to get a $300,000 policy from one insurance company for less than a $275,000 from another insurance company, even if both insurance companies charge the exact same price for that $275,000 policy.

It really pays to check both above and below the coverage you are looking at. You may be surprised at what you might find when you compare.

Are you paying too much for life insurance through you place of employment? Chances are, yes! You see your employer and the insurance company work together to agree on one set 'group' rate. Meaning, all employees' pays the same price for their life insurance policy. They are going to figure in the number of 'healthy' and 'unhealthy' employee's. Now, we already know that a person who is unhealthy will pay more.

Not the case through work. Everyone pays the same rate. The 'group' rate'. Therefore, if you are one of the 'healthy' employee's, chances are, you are pay too much because you are paying a portion of the 'unhealthy' employee's premium payment.

Let's say that in a normal situation, an insurance companies rate would be $50 per week for a healthy person and $100 per week for an unhealthy person. In a 'group' rate situation, a set rate would be $75 per week for everyone. Every employee whether healthy or not.

That means that a healthy employee is getting an extra $25 per week taken out of their paycheck to help pay for a portion of the 'unhealthy' employee's premiums.

If this is your case, the wise thing to do, if you are one of the 'healthy' employee's, is to take that $75 per week out of your paycheck yourself and invest it in a life insurance policy that is tailor-made just for you. You would now be in control. You must also keep in mind that if you should ever leave this job, or retire, most likely you would lose any life insurance benefits you had through the company. By investing in your own policy, (and as long as you pay your premiums,) you would never be in fear of losing a policy that you may have paid many, many years in to.

You may save money by paying your premium payments annually.

By making annual premium payments, your life insurance company may give you a discount rate. After all, they are saving money with less labor and less paper work compared to those who pay monthly. If annual payments won't work for you, ask the insurance company if they will offer a discount on your monthly premium if you pay by credit card. Many insurance companies don't just willingly offer a discount. So don't be afraid to ask!

Watch out for "Age Nearest" in your policy

When an insurance company raises your rates as you get older, these increases may not occur on your birthday as most would assume. The fact is, most insurance companies will raise the rates of your policy six months prior to your birthday. They call this 'Age Nearest'. This could end up costing you a lot of money over the length of your policy. Make sure that you ask your insurance company 'how' and 'when' they increase their rates.

When to reevaluate your life insurance policy

There are several reasons for reevaluating your life insurance policy every year or so. Insurance rates are dropping, mainly because the internet has made it so easy for everyone to get life insurance quotes. This is resulting in a fierce competition between insurance companies. People are also living longer these days. That means longer policies for the insurance companies and longer premium payments.

It is possible to double your existing policy without paying any more than you are now. Anytime there is a substantial change in your life, you need to reevaluate your life insurance policy. You could be paying for coverage that you no longer need such as, your mortgage, your debts, or you no longer have dependants living at home.

Or, You may need to increase your coverage because, you had a child or purchased a new home. Very, very few insurance companies will ask you on a yearly basis if there are any major changes in your life. You need to inform them and ask them to reevaluate your policy. You can get a cheap life insurance quote but you have to ask and compare.

We hope you've become more informed from this information.
We also hope you will take action on this information and make your family better protected in case the unthinkable would ever happen.

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Is A Cheap Life Insurance Policy Right For You And Your Family?

When it comes to life insurance over 70% of the adults in the United States have some form. The normal routine consists of a person in their early twenties or even late thirties purchasing some form of life insurance either through their company plan or on their own. Normally this life insurance plan will require the payment of a monthly premium of a pre-determined amount with the intent that the insurance policy will pay out a death gratuity or benefit in the event the insured consumer passes on prematurely. For many individuals the premiums are at a decent rate because many insurance companies are capable of offering cheap life insurance policies provided the insured individual is relatively healthy and at a rather young age.

Unfortunately as we age so does the cost of the life insurance policy. In order to obtain or keep cheap life insurance you may be required to reduce or eliminate some of your current life insurance coverage. Now with that said there are some very important decisions that need to be made because life isn't always about cheap life insurance.

If your considering cheap life insurance or looking at ways to purchase cheaper life insurance rates you need to consider the reason your bought life insurance to begin with. If you're still young enough where your children are in grade school or even high school and your spouse isn't working then perhaps a cheaper life insurance policy isn't the right thing for you. After all in the event of your untimely death the insurance proceeds will need to help your remaining family survivors live a decent life until such time as they can provide for themselves. Additionally the life insurance proceeds may be needed to pay off any unpaid debts you may have left behind.

On the other hand if your children are all grown up and moved out of the house and your spouse is working and capable of taking care of themselves then perhaps you should re-evaluate your current life insurance policy and see if there is a way to trim any unnecessary coverage amounts thereby lowering your total out of pocket cost and allowing you to have cheap life insurance.

Sometimes as your evaluating your estate and other monetary assets you may find that your life insurance policy can act as a hedge against any estate tax that will result in your passing on. In that case cheaper life insurance may not be the right answer since the proceeds will be needed to pay for the estate tax. In fact you may find that you'll actually need to add additional life insurance in order to cover the estate tax involved with your possessions. This is especially true in cases where the estate is worth more then $500,000.

When considering cheap life insurance you must take into account the many functions that life insurance can assist your survivors with. For instance, it can be used to pay off a home mortgage or create a college fund for your children or grandchildren. It can be used as was previously mentioned to pay for any estate taxes and it can serve as a means of providing income for a surviving spouse and providing an inheritance for your children and grandchildren.

If your current situation does warrant or present you with the opportunity to purchase cheap life insurance then as you fill out the application needed to qualify for your lowered insurance rate make sure you answer the questions asked truthfully and accurately. Make sure to do your research with the Better Business Bureau in order to find out the claims history of your insurance company and if there are any prior customer complaints filed against the insurance provider. Remember you're looking for cheaper life insurance not a cheap insurance provider.

As you do your research you will find that there are plenty of pros and cons for any insurance company you think about purchasing cheap life insurance from. There is no one single insurance policy that will cover all of your needs. Just remember the best type of insurance provider is the company that honors your insurance policy and pays the proceeds to your survivors when they are needed. Cheap life insurance or not, that's the most important fact.

Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more life insurance advice to include ways to find a cheap life insurance policy [http://www.best-free-insurance-quotes.com/life-insurance.html], that you can research in your pajamas on his website.

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Which Insurance Best Fits Your Needs - Term Life Or Whole Life Insurance Policy?

There are two general types of life insurance; Term life and Permanent life. Term life is the simplest form of life insurance and can provide substantial coverage with affordable premiums for specified periods of time of one year (annual renewable term) up to 30 years. Permanent life is a form of insurance that spans your entire life. It is more expensive than Term life insurance, but allows you to build cash value.

Determining the type of life insurance to fit your needs depends on a number of factors, including:

· How long you will need the insurance

· How much you can afford to spend on insurance

· Your financial objectives for purchasing insurance

· How much risk you are willing to take

Most of the time, a medical exam is required to qualify for life insurance. But it depends on the type of coverage you're purchasing. Often, insurance companies require brief medical exams to qualify customers. This can include a basic physical exam, urine specimen, blood work, EKG, and X-ray. For high amounts of life insurance, such as $2,500,000 and up, treadmill EKGs are usually required, too. There is no cost to you for the exam, and an appointment may be scheduled at your convenience in your home or office.

Typically, insurance medical exams are done by paramedicals who are licensed health professionals and who are often independent contractors hired by the insurance company. Paramedicals can also perform employment physicals and drug screening. They're quick at what they do -- you'll usually get a call within a day and are examined within three days.

Whether or not a life insurance company requires a medical exam from people who are applying for insurance really depends on the company's underwriting requirements and the type of policy you are purchasing. Insurance companies' criteria are based on how old you are and how much insurance you're applying for.

Certain health conditions simply cannot be masked, but to obtain the best possible results, here are some recommendations.

· Get a good night's rest the night before your exam.

· Don't drink for at least eight hours before the exam.

· Don't smoke or chew tobacco for at least an hour before the exam.

· Avoid coffee, tea, or other caffeinated drinks like cola for at least one hour prior to the exam.

· Limit salt intake and high-cholesterol food 24 hours before your exam.

· Don't engage in strenuous physical activity 24 hours before the exam.

When deciding which type of life insurance would best fit your needs it is also important to consider death benefit, premium and cash value. Term life insurance provides a death benefit for a stated period of time, while Permanent life insurance provides a death benefit for as long as you live. Permanent life insurance premiums are generally level and payable for life. Term life insurance premiums will increase over time (at each renewal) and are payable for a specific period of time. Term life insurance does not accumulate cash values and does not earn dividends. Permanent life insurance accumulates guaranteed cash values and its policies may be eligible for dividends.

When it comes to choosing life insurance one of the most important things is to look for a policy with benefits and premiums that match your present and future needs and ability to pay. The correct product for your situation may be a combination of permanent and term life insurance, since most people have a need for both temporary and lifetime protection.

Chris Simons is a prolific freelance writer. You are welcomed to visit [http://life-insurance.cyberinformer.com], for more information on Life Insurance [http://life-insurance.cyberinformer.com].

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Underwriting Life Insurance For Diabetics and Diabetic Life Insurance Information

Life Insurance Companies differ in their "underwriting philosophy" when it comes to diabetes. Offering life insurance for diabetics can be risky if the underwriters are not fully trained. Underwriters at the insurance companies that are fluent in underwriting diabetes have the ability to look at all of these factors and determine if the company will accept them as a risk. Moderately controlled diabetes cases would usually merit a "rating" or an increase in the premium, but not necesarily a declination for coverage. If the client with diabetes that is looking for life insurance is not controlled, then there are options - it will just cost them more for coverage!

Diabetic Life Insurance can be obtained no matter how severe the diabetes condition is. If the proposed insured has well controlled diabetes and a history of compliance with what the Doctor reccomends, then the rate for insurance will naturally reflect that. The better the control, the better the rate. Clients with well controlled diabetes have a great chance at getting a lower rate from a regular insurance carrier and would qualify for a policy that is fully underwritten. If, at the other extreme, the client has very poor control over the diabetes, the rate will be higher and the client will have to go with a life insurance plan that guarantees acceptance. This type of life insurance is called "guaranteed issue life insurance".

Guaranteed issue life insurance for diabetics is more expensive than regular (fully underwritten) life insurance and is only sold as "whole life insurance". This type of insurance can be advantageous, though, because it builds cash value and is intended to cover the client for their "whole life" as opposed to a "term" period of time. Another provision of guaranteed issue is that the premiums paid into the policy would be paid to the beneficiary PLUS 10% interest if the insured dies within the first 3 years of the policy's inception. After that 3 year period of time, the guaranteed issue policy would pay the full death benefit to the beneficiary.

Fully Underwritten policies take the client's full medical records into account. The doctor's records are ordered, blood is drawn, a urine sample is taken, and a full screening is done to evaluate the client. If the insurance company decides to insure this applicant, it is after the company's underwriters look at the case. If the client is fully underwritten and passes through underwriting, then they would have more options than just whole life insurance (in the case of those who are in need of guaranteed issue whole life insurance). Term insurance, Universal Life Insurance, Survivorship Universal Life Insurance, and regular Whole Life Insurance would be available to these applicants that are fully underwritten.

When evaluating a client with diabetes, the underwriters at the insurance company take into account whether the client is a type one diabetic (type I diabetic, type 1 diabetic, type 1 diabetes, type I diabetes) or a type two diabetic (type II diabetic, type 2 diabetic, type 2 diabetes, type II diabetes). Another thing that the underwriters look at is whether the client is a juvenile onset diabetic or an adult onset diabetic. And yet Another determining factor is the Hemoglobin A1C level (this is a more comprehensive test, showing the blood sugar levels over about a 3 month period of time as opposed to a quick "snapshot" blood level test).

If the client's A1C level is below 8, then fully underwritten life insurance may be available subject to the client's full medical file. If the client's A1C level is above 8, then guaranteed issue life insurance is a more realistic goal.

One of the things that applicants fear in the case of insulin dependent type 1 diabetics is whether or not their insulin pump will prevent them from getting a life insurance policy. An insulin pump is actually a positive factor where life insurance underwriting is concerned because the client's insulin level is kept at a constant level.

How often the client monitors their sugar or glucose levels in their blood is another factor. If the client habitually monitors their glucose level, then this is seen as evidence of compliance on the part of the client. If, on the other hand, the client does not monitor these sugar levels, then this could be seen as a negative in the eyes of the insurers and underwriters.

Have there been any low sugar episodes? Have there been any high sugar episodes? Is the client taking glucovance, glucophage, insulin injection, or other type of medicinal treatment? Is the client controlling the diabetes with "diet and excercise"? These are all questions that will be asked during the underwriting process (unless you opt for guaranteed issue).

By the way...ANYONE can get guaranteed issue; you don't have to be "uninsurable". Guaranteed issue is available for clients between the ages of 46 and 80 and up to $35,000 in coverage. Again, this is the more expensive type of life insurance and it is advisable that if you CAN make it through an underwriting evaluation, you should try unless you just want to pay more and be done with it!

So what kind of companies will accept clients with diabetes? Personally, I broker only with "A" rated companies that have the right combination of price, customer service, product variety, and recognition in the market. I deal with companies that take clients on a case by case basis as opposed to categorizing them "by the book". I have fully researched the market, I am in touch with the underwriters personally, and I assure you that these companies have the proper credentials to back up their policies. My clients are provided with full company backgrounds and financial profiles. I deal with several companies that are in the market to insure diabetics. The reason why I am witholding exactly what companies I deal with is because I want to earn your business and represent you as your life insurance agent. Contact Me for a free consultation!

By: Ashley Brooks, CLTC

Ashley is the marketing vice president for the Family Life Insurance Brokerage Business and has a background in Health & Financial Underwriting, Insurance Plan Design, and "best deal" shopping. Brokerage Services carries only A rated (or better) companies in their product portfolio and has been serving the needs of Independent Insurance Agents since 1977.

More Information about Life Insurance For Diabetics and Diabetic Life Insurance.

Get a free Life Insurance Quote at my website, designed exclusively for those searching for a free, online life insurance quote.

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Types Of Life Insurance Policies - Which Is Right For You?

Term Life by definition is a life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio.

Annually renewable term life.

Historically, a term life rate increased each year as the risk of death became greater. While unpopular, this type of life policy is still available and is commonly referred to as annually renewable term life (ART).

Guaranteed level term life.

Many companies now also offer level term life. This type of insurance policy has premiums that are designed to remain level for a period of 5, 10, 15, 20, 25 or even 30 years. Level term life policies have become extremely popular because they are very inexpensive and can provide relatively long term coverage. But, be careful! Most level term life insurance policies contain a guarantee of level premiums. However some policies don't provide such guarantees. Without a guarantee, the insurance company can surprise you by raising your life insurance rate, even during the time in which you expected your premiums to remain level. Needless to say, it is important to make sure that you understand the terms of any life insurance policy you are considering.

Return of premium term life insurance

Return of premium term insurance (ROP) is a relatively new type of insurance policy that offers a guaranteed refund of the life insurance premiums at the end of the term period assuming the insured is still living. This type of term life insurance policy is a bit more expensive than regular term life insurance, but the premiums are designed to remain level. These returns of premium term life insurance policies are available in 15, 20, or 30-year term versions. Consumer interest in these plans has continued to grow each year, as they are often significantly less expensive than permanent types of life insurance, yet, like many permanent plans, they still may offer cash surrender values if the insured doesn't die.

Types of Permanent Life Insurance Policies

A permanent life insurance policy by definition is a policy that provides life insurance coverage throughout the insured's lifetime ñ the policy never ends as long as the premiums are paid. In addition, a permanent life insurance policy provides a savings element that builds cash value.

Universal Life

Life insurance which combines the low-cost protection of term life with a savings component that is invested in a tax-deferred account, the cash value of which may be available for a loan to the policyholder. Universal life was created to provide more flexibility than whole life by allowing the holder to shift money between the insurance and savings components of the policy. Additionally, the inner workings of the investment process are openly displayed to the holder, whereas details of whole life investments tend to be quite scarce. Premiums, which are variable, are broken down by the insurance company into insurance and savings. Therefore, the holder can adjust the proportions of the policy based on external conditions. If the savings are earning a poor return, they can be used to pay the premiums instead of injecting more money. If the holder remains insurable, more of the premium can be applied to insurance, increasing the death benefit. Unlike with whole life, the cash value investments grow at a variable rate that is adjusted monthly. There is usually a minimum rate of return. These changes to the interest scheme allow the holder to take advantage of rising interest rates. The danger is that falling interest rates may cause premiums to increase and even cause the policy to lapse if interest can no longer pay a portion of the insurance costs.

To age 100 level guaranteed life insurance

This type of life policy offers a guaranteed level premium to age 100, along with a guaranteed level death benefit to age 100. Most often, this is accomplished within a Universal Life policy, with the addition of a feature commonly known as a "no-lapse rider". Some, but not all, of these plans also include an "extension of maturity" feature, which provides that if the insured lives to age 100, having paid the "no-lapse" premiums each year, the full face amount of coverage will continue on a guaranteed basis at no charge thereafter.

Survivorship or 2nd-to-die life insurance

A survivorship life policy, also called 2nd-to-die life, is a type of coverage that is generally offered either as universal or whole life and pays a death benefit at the later death of two insured individuals, usually a husband and wife. It has become extremely popular with wealthy individuals since the mid-1980's as a method of discounting their inevitable future estate tax liabilities which can, in effect, confiscate an amount to over half of a family's entire net worth!

Congress instituted an unlimited marital deduction in 1981. As a result, most individuals arrange their affairs in a manner such that they delay the payment of any estate taxes until the second insured's death. A "2nd-to-die" life policy allows the insurance company to delay the payment of the death benefit until the second insured's death, thereby creating the necessary dollars to pay the taxes exactly when they are needed! This coverage is widely used because it is generally much less expensive than individual permanent life coverage on either spouse.

Variable Universal Life

A form of whole life which combines some features of universal life, such as premium and death benefit flexibility, with some features of variable life, such as more investment choices. Variable universal life adds to the flexibility of universal life by allowing the holder to choose among investment vehicles for the savings portion of the account. The differences between this arrangement and investing individually are the tax advantages and fees that accompany the insurance policy.

Whole Life

Insurance which provides coverage for an individual's whole life, rather than a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance. The insurance company essentially makes all of the decisions regarding the policy. Regular premiums both pay insurance costs and cause equity to accrue in a savings account. A fixed death benefit is paid to the beneficiary along with the balance of the savings account. Premiums are fixed throughout the life of the policy even though the breakdown between insurance and savings swings toward the insurance over time. Management fees also eat up a portion of the premiums. The insurance company will invest money primarily in fixed-income securities, meaning that the savings investment will be subject to interest rate and inflation risk.

Life Carrier Direct was founded by managing partners with over 70 years of combined Life Insurance experience. Most people want life insurance to protect the ones they love from any unexpected death so that they will be protected financially to cover such things as loss of household income, funding for education, mortgage satisfaction, and other important financial considerations related to the sanctity of the family. Please visit [http://www.lifecarrierdirect.com] for a quote comparison of all the major A rated life insurance carriers.

[http://www.lifecarrierdirect.com]

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What is Permanent Life Insurance? Should I Choose Permanent Life Insurance Or Term Life Insurance?

What is permanent life insurance? Is it better to purchase a permanent life insurance policy or a term life insurance policy? Is it possible to find low cost permanent life insurance? It is important for those searching for life insurance coverage to do a permanent life insurance comparison to decide if a whole life policy, a term life policy, a universal life policy, a variable life policy, or even a combination of the above may be a good choice for their needs.

Life insurance can be a term relatively unknown for the younger generations of this country. While the old and retired people of this great nations plan financially to leave their dependents with money so they can get through; the younger generations have not done much to protect themselves or their families in case of an accidental death. Life insurance in the United States is not as common as the other types of insurances (car, homeowners, health) because it is not required. Every state requires you to have car insurance, if you own a house you should have homeowners and the rule of thumb is for you to have health insurance if you want to pay lower premiums and stay healthy (which has now started to decrease because people don't have the money to buy independent policies). Life insurance on the other hand is the insurance of the wise! This is because the person with the policy is not only thinking about the present, but is thinking about the future and what it may hold to their dependents of family.

Permanent life insurance (also called universal and whole life insurance) is one of the main kinds of life insurance and one that can be the difference between burden and stability after a head of the household dies unexpectedly. The definition of a permanent life insurance policy is that it simply consists of a policy that is for the entire life of the person being insured, guarantees payout at the end of the policy, and most importantly accrues value. This is of supreme important because with these insurance policy you are guaranteed money at the end of the road and best of all your family will have the stability that many families lack after a person contributing some income dies unexpectedly.

Although permanent life insurance is a good way to save yourself and your family some trouble at the end of the road, many people simply decide to get term life insurance instead. When comparing term life insurance vs permanent life insurance many opt for term simply because of the cost. The reason for this is that premiums for term life insurance are cheaper based on the fact that the insured is not guaranteed money at the end of the policy. This policies are simply for ten or twenty years and if the insured does not decease in that certain amount of time, the family will not see a single penny. Since the burden of paying money at the end of the contract is gone from the policy when we speak about term life insurance, families save money because the premiums are cheaper.

It is important to mention that at first the amount of money received by the family will not be as much because they will be paying for the agent and all the fees, not to mention that they will be paying the life insurance company for their commitment to insure the person. With time however, the cash accumulates due to the amount of the premium you are paying. That extra cash is deposited into a saving's component, which is also known as the policy's "cash value". As the savings increase with the payments, the quantity that your family gets at the end of the road will increase. It is important to know that the policy is called permanent life insurance because as long as you pay your premiums and maintain the policy accurate, you will be allowed to have this kind of insurance for your entire life!

It is important to know that permanent life insurance is divided into three groups: whole life, variable life, and universal life. When we speak about a whole life policy we speak about a type of life insurance that offers both insurance and investment, with the advantage that premiums are leveled. Variable life insurance is the most expensive of all kinds of permanent life insurance because it allows the policy holder to allocate a portion of the savings accounts into other things such as stocks, bonds and investment funds. Last but not least the universal life type of permanent life insurance is a very common one as well. Universal life insurance separates the investment and death portions of your policy and it allows the insured to build his savings faster with the help of some sort of equity investments. As time goes by, universal life insurance can also allow you to change your premiums and death benefits to suit your current living situation.

As you can see permanent life insurance does not sound too bad compared to term life insurance. The policies are simply a little bit more expensive due to the fact that the beneficiary will in fact receive some money when all is said and done due to the savings part of the policies. Although many people just don't see the good thing of having life insurance through their whole lives because once a person is retired there is no need for such income, the truth is that permanent life insurance can help you out in the long run. It is not bad for you to protect yourself for life, especially if you are married or if you have a son or daughter that is not doing too well economically. Permanent life insurance policies can be a great help to some families and the truth is that if you search and shop around you can find a policy that is right for you!

Make sure and compare life insurance quotes for both term life and permanent life policies from a number of different competing companies to find the best rate. Speak with an experienced life insurance agent to help you decide if a permanent life insurance policy is best for your specific life coverage needs. Get started finding the best life insurance policy today!

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Life Insurance Troubleshooting: Your Policy Problems Answered

While many of us understand the basic functions of our life insurance policies, it's not uncommon for questions to arise long after you purchased the policy.

To help address your policy problems, we'll answer four of the most common life insurance questions to help you gain understanding and control of your life insurance policy.

Questions Answered

How do I file a life insurance claim?

To begin the claim process, you'll need to obtain a couple copies of the policyholder's death certificate. If you have trouble obtaining copies of the death certificate from the hospital or coroner's office, your funeral director should be able to get you a copy.

Next, you'll need to contact your life insurance agent. Your agent will help you complete the necessary paperwork to file the claim. If you're not sure who the insured's agent was, you can contact the insurance company directly and someone will help you file the claim. Remember to bring a copy of the death certificate for your agent as it will be needed to ensure quick claim submittal.

How will I receive the death benefit?

Once the life insurance claim is submitted, you'll need to choose how the life insurance proceeds will be allocated.

According to the Insurance Information Institute (I.I.I.), there are generally four ways to distribute the death benefit:

Lump Sum. You receive the entire death benefit in one payment.

Specific interest provision. The insurance company pays you both principle and interest on a prearranged schedule.

Life income. You receive a guaranteed income for life. However, the amount you receive depends on the benefit amount, your gender and age at the insured's time of death.

Interest income. The life insurance company holds the proceeds but pays you interest on the policy. Thus, the death benefit remains in tact and goes to a second beneficiary after you die.

No matter which option you choose, you should receive the proceeds from the policy within days of filing the claim. Life insurance companies are required by law to pay claims in this fashion. To learn about the guidelines under which your insurer must pay a claim, contact your state's division of insurance.

What should I do if I can't find the policy?

Unfortunately, there's no database for purchased life insurance policies. That's why it's very important to know where the insured's life insurance policy is at all times. Nonetheless, there are some things you can try to locate a lost policy.

You can start by trying to determine:


Which company might have issued the policy
Which agent may have issued the policy
Whether the policyholder had life insurance through an employer, union or other group

The I.I.I. recommends trying to locate that information by:

Searching records, storage areas and safe deposit boxes. There you may find insurance-related documents, old checks, premium payment receipts or policy notices.

Contacting the policyholder's legal and financial consultants. Previous and current consultants may have some information regarding the deceased's life insurance.

Contacting the insured's employer(s). Previous and/or current employers will be able to tell you if the policyholder had a group life insurance policy.

Checking tax returns. By checking past tax returns, you may find interest income from or paid to a life insurance company.

Checking the mail. Even if the policy was paid up, the insurance company will send an annual premium or dividend notice in regard to the policy.

Checking north of the border. If there's a possibility that the policy was purchased in Canada, you can contact the Canadian Life and Health Insurance Association at (800) 268-8009, or visit them on the Web.

Probing the MIB database. While there's no database for life insurance policyholders, there is a database for life insurance applicants. For $75, you can search the MIB database, and while it rarely pays off (MIB finds about one in five policies), it might be worth a shot.

If these tips still don't result in the location of a lost policy, contact your own agent, lawyer or financial consultant as they may have additional recommendations.

What if I can't pay my life insurance premiums?

Financial hardship can fall on anyone. If this happens to you and you can't pay your life insurance premium, you should know what to expect.

Generally speaking, if you have a term life insurance policy, not paying your premiums will result in a lapsed policy, which means that the policy will automatically be cancelled and you probably won't see any proceeds from the policy.

If you have a permanent life insurance policy, the I.I.I. says you'll have some of the following options:

Cash out the policy. When you cash out, you'll stop paying the premium and collect any available cash value. However, if the sum of the cash value is more than what you've paid in premiums, that cash may be taxed.

Non-forfeiture. A "reduced paid-up" option might be available to you, allowing you to stop paying premiums completely for a reduced death benefit and no cash savings. You may also be able to convert a permanent policy into an extended term policy.

Lapsed policy. If you choose to let your policy lapse, you may be able to get it reinstated. Some insurance companies allow you to do this if you do so within five years of lapsing. Reinstatement, however, may be contingent on your ability to pass a medical exam and pay back the premiums owed plus interest.

If you fall on hard times, be sure to contact your life insurance agent right away to work out an arrangement. Depending on your circumstances, it's generally better not to let a permanent policy completely lapse as you may forfeit the cheap life insurance you had when you bought the policy.

Don't Let Your Questions Go Unanswered!

If you have questions about your life insurance policy, it's always a good idea to discuss them with an insurance agent. They can give you new, up-to-date and state-specific information about your life insurance policy so you won't have any surprises down the line!

About InsureMe

Megan L. Mahan is a copywriter and insurance information expert with InsureMe in Englewood, Colorado. InsureMe links agents nationwide with consumers shopping for insurance. Specializing in auto, home, health, long-term care and life insurance quotes, the InsureMe network provides thousands of agents with insurance leads every year. For more information, visit InsureMe.com.

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Life Insurance - Top Money Saving Tips

More and more people are buying life insurance online and the numbers seem to be doubling every two years. The reasons are clear. Prices are lower on the Internet and life insurance is fundamentally a simple insurance product.

Despite the underlying simplicity of life insurance, most web sites channel their online clients through a telephone based help and advice service manned by experienced personnel. They represent your safety net so if a little technical knowledge is called for, help is at hand.

But it's always a good idea to have a few Top Tips in your back pocket when you're shopping online for life insurance. They'll help you ask the right questions and find the best policy.

1. Always have your Life Insurance policy "Written in Trust".

This means that in the event of a claim, the money goes directly and immediately to the person(s) you nominate when you first take the policy out. It also avoids all possibility of your estate having to pay Inheritance Tax on the proceeds of your policy and that could represent a 40% tax saving !

All you have to do is tell the online brokerage organising your policy that you want your policy "Written in Trust" and the names of the people who the life insurance company pay in the event of a claim. They will then sort it all out for you. The extra good news is that this service is invariably free of charge. So it's a win win situation and there aren't many of those around these days !

2. In the early years a Reviewable Life Insurance Policy will be cheaper but a Guaranteed Policy will work out a better buy in the longer term.

With a "Guaranteed Policy" the insurance company guarantees never to increase your policy's premium.

With a "Reviewable Policy" you agree that your insurance company can review the cost of your policy at regular intervals. But don't be kidded - in our experience a "review" is just another word for a price increase. After all, who's ever heard of an insurance company passing up a chance to charge you more! The review intervals are usually between 2 to 5 years but this does vary between insurance companies. You will find the details of the review intervals on the documents sent to you before you accept the insurance - these are called The Key Features Documents.

So, comparing otherwise like for like policies, in the early years the premiums for a "Reviewable Policy" will undoubtedly be lower than the premiums for a "Guaranteed Policy". Thereafter, the premiums for a Reviewable Policy increase eventually catching up with and overtaking, the premium for a "Guaranteed Policy".

In our experience, you can expect the monthly premiums for a Reviewable Policy to exceed those of a Guaranteed policy in about 7 to 10 years and then within the following 10 years, more than double again. If your budget is currently tight then by all means choose a Reviewable Policy - after all your salary may increase in coming years and ease the strain. On the other hand, if the premiums for a Guaranteed Policy are affordable, we think they represent your best buy.

A footnote. Many insurance companies have stopped offering "Guaranteed" rates for standalone critical illness insurance policies. This because they have experienced much higher claim rates than they initially expected. However, you may still find a Guaranteed life insurance policy that also provides critical illness cover. As we have explained, "Guaranteed" rates are especially good value and if you can get a quote for a Guaranteed life policy that includes critical illness cover, you may have a real bargain.

3. Thinking about a Joint Life Insurance Policy?

A Joint Life Insurance policy is usually written on a first death basis. This means that the policy will pay out on the death of the first policyholder, subject to the policy being in force at the time. This leaves the second person uninsured and older. Older people can struggle to get life insurance at an affordable premium, so rather than a Joint Policy consider taking out separate policies now. Overall it will work out a little dearer - but you get twice the cover and double the peace of mind.

4. Taking out a Life Insurance Policy? Now would be an ideal time to include Critical Illness cover.

Are you likely to need Critical Illness Insurance in the future? Yes? Then consider adding it now to the life insurance policy you're arranging. Why? There are three reasons.

Firstly, a Life Insurance policy combined with Critical Illness cover will work out significantly cheaper than buying two separate policies. Secondly, as we have already explained in the footnote to Tip 2, you may be able to buy a combined Life and Critical Illness policy with a guaranteed premium. That could be a real bargain. Finally, premiums for critical illness cover increase rapidly as you get older - so the sooner you take it out, the cheaper it will be.

5. Don't confuse Terminal Illness cover with Critical Illness cover.

There's world of difference between Terminal Illness and Critical Illness cover so it's important to understand the difference.

Terminal Illness cover pays out the insured lump sum if a Medical Doctor diagnoses you with an illness from which the Doctor expects you to die within 12 months. Most good life policies automatically include Terminal Illness cover at no extra cost. It's basically an early, and welcome policy payout.

A Critical Illness policy pays out the insured lump sum if you are diagnosed with one of a wide range chronic illness and there is no life expectancy criteria. Indeed, with many of the insured illnesses you could expect to survive for many years. For example: certain cancers, heart disease, stroke, multiple sclerosis, loss of speech, sight or hearing, onset of Parkinsons or Alzheimers disease, third degree burns etc. Say you were an engineer aged 40 and you lost your sight. A Critical Illness policy would pay out immediately and that money could well be vital in helping you and your family through many difficult financial years ahead. If you just had Terminal Illness cover there'd be no chance of a payout.

So as you can see, Critical Illness cover is far more comprehensive than simple Terminal Illness cover and for that reason critical illness cover always costs you extra.

© 2005 Andromeda Webs Ltd. All Rights Reserved Worldwide.

Author: Michael Challiner,
Editor of Express Life Insurance, Andromeda Webs Ltd.
Tel. ++ 1477 535920
Express Life Insurance

Additional Critical Illness Insurance

Michael Challiner has 15 years experience in financial services marketing at senior level, the last 5 of which specialised in online marketing. Prior to that he spent 15 years in advertising with two of the world?s top advertising agencies, J Walter Thompson and Saatchi & Saatchi.

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Honey Get the Door It's The Change in Our Term Life Insurance

"Term Life Insurance" is not just an affordable choice for many Americans needing the financial security of obtaining life insurance to cover their survivors or beneficiaries needs, or for paying debts they might owe. The concept of "Term Life Insurance" is relatively new, and is distinctly American. It is a close cousin to permanent "life Insurance", or "Whole Life Insurance" that grew out of the insurance industry of Great Britain which was founded originally in the insuring of sea vessels, their cargo, and especially the cargo so precious, human beings to be sold as slaves in the New World. The originations of "Term Life Insurance" followed two paths as it grew in the United States. The first was it was to be affordable to the American of lower or middle class economic status.

The second it was to follow closely the establishment of "mortality tables" and was to be at pay out "tax free". Today the major insurers may sell either "whole" or "term" life insurance over the Internet, but at the end of the Great Depression Americans welcomed two salesman's to their door, the life insurance salesman and the "Bible Salesman". If Americans slammed the door on the Hoover Vacuum salesman foot, it was common to suspect one or the other of those selling term life insurance or the Scriptures was flim flam.

Today we are suspect of "spam" at our Email, abhor pop ups advertising that intrudes on our Internet Searches, and may even be overwhelmed to find the President caricature, or photograph being used as a sells technique for insurance products. "Trust"' has always been a value of the world of bankers, and of insurance.

While "Term Life Insurance" is seldom a life insurance product chosen to be "trusted" or given as charitable due to low payouts it's development to meet the needs of the average worker in the United States came to set a standard in the insurance industry very much different then that carried originally by Lloyd's of London. Americans suffered greatly during the Great Depression, and then the advent of the Second World War left so many without. These decades would prove that Americans could be leaders in the insurance industry.

Today most of the world uses the concepts, and standards of the insurance industry which grew out of the development of "Term Life Insurance" and the establishment of the Social Security Trust Fund, and today what we depend upon as Medicare and its substandard sister, the public dole of "Medicaid" and supplemental Security Income Benefits. Standards of the insurance industry are managed by companies individually; but all must meet the conditions of "honesty" or ethical practice carried as "protections" of consumers by the Federal Trade Commission. Insurance companies in the United States obey the Surgeon Generals Office of the United States and uphold "life", the American Medical Association, and the Food and Drug Administration. And according to the wisdom of President Franklin Roosevelt in the planning for the "well "of the American people all insurance carriers (companies) must meet terms of the Federal Emergency Management Agency.

As medical science in the United States surpassed that available throughout the world it became apparent that "whole" and "term" life insurance had to be made to meet the challenges of Americans living longer, and recapturing health after serious injury, accident or illness. Today the Rehabilitation Specialist has been added as a "guide" for those aging, or handicapped/disabled when using the insurance products of Retirement Benefits, or Disability Insurance. The medical specialty of the Rehabilitation Specialist was born from the Veterans Administrations need to reintegrate injured War Vets back into the workforce.

These Rehabilitation Specialists guided passages of the Older Americans Act, and helped insure the civil rights of the disabled be protected in the passage of the Americans With Disabilities Act. These developments in the insuring of Retirement and Disability saw changes as well in both "whole" and "term" Life Insurance. These changes saw firmed management of ethical guides within the insurance industry and consolidated regulation of honesty and consumer protections for the American purchasing insurance. It also saw the regulations of "Term Life" insurance changed in what consumers thought were "great" ways and reduced the cost of "Term Life" insurance policies. These changes followed the quest of the American worker aging or disabled not to be presumed "useless" and further upheld standards of the United States Civil Service (a trendsetter) and the United States Labor Department. Today the only "term life" insurance carried by the Social Security Administration is the profoundly minimal "Death Benefit" which has not been raised by the United States Senate since the Korean War. And the only "term" life insurance awarded to United States War Veterans is the American flag, folded carefully, and presented to the surviving families of those Americans who gave their all for their country.

The standards of "term" life insurance have been changed as well. Not only do Americans heal and are able to come off disability benefits and return to work. Those American aging are healthier and stronger and many enjoy employment full or part time after the age of fifty five and even sixty five. Today "term" life insurance is still affordable. Is still a good investment. And now is well protected. The concept and then the standards set of "term life" insurance certainly protected the American needing affordable life insurance safe from the flim and flam of the dubious of mind. Today though those needs of Americans to be protected their investment in life insurance policies is at severe risk. And who is today at the door of America selling insurance products that will not meet what we the buyer, the consumer, must have which is "honesty" at purchase, and ethical delivery if in need? Times have changed if we wonder today that this "Latest of Great Depressions" will reduce us to the dust that saw our heartland demoralized and destroyed. Following the Bible Belts influence on the election of our political leaders since the late 1980's and then the "rebirth" or birth of the Christian Political Far Right "we" have suffered a "lack" of trust in our insurance carriers.

The all but demise of the American Insurance Group (AIG) and then it's "saving" by the 9 billion dollar Senate bailout violated not just the consequences of those who regulate, oversee the insurance industry, but in end will ruin the rights of consumers when purchasing or using insurance products. That bailout of AIG also violated the Social Security Act and the FEMA Act, disproving the United States Senate understands prohibitions against organized crime. This failing of "trust" has been evidenced by both the Veterans Administration and the Social Security Administration failing to use the "Rehabilitation Specialist's" expertise in the finding of "Claims Decision". This has resulted in countless Veterans homeless these nights in America.

This has resulted in 4000 American workers vested in Social Security Disability Benefits dying each year awaiting the Judge Advocates Office of the Social Security Administration to hear their "claim" that they are indeed disabled. The inability of these two government agencies, each carrying insurance on an American, if one earned coverage by devotion to country, and the other paid Social Security/Medicare tax as hard earned. The Veterans Administration stalls returning War Veterans disability benefits while they argue what even Great Britain has removed from the "books" of insurance precepts. Are all returning War Veterans actually suffering PTSD or are they lousy free loaders?

The United States Senate argues rather or not the "mentally ill" are equal to, are eligible for equity in health, and life insurance, while ignoring Social Security Disability "claimants" their day of justice by believing that those American workers dying without their benefits. Without food, housing, and medical care, who are complaining are just "mentally ill" and simply too impaired to understand that at their door is not just the flim flam man bearing a Bible but the three piece suit stealing their insurance payments. The coincidence of this rip off is coupled with the cowards' way out following 9/11 when contrary to the law the United States Senate gave away our coverage to FEMA to the United States Department of Homeland Security. Coupled with the United States Senate illegally (Ricco) bailing out AIG with nine billion dollars of money we didn't have, and now direly need will in my estimation not just result in more claims of human rights violations being filed before the United States Senate and the World Court by Americans suffering unduly while the Veterans Administration and the Social Security Administration remakes "insurance" and beneficiary into "public dole". We will fairly know that the "trust" is failed for all Americans vested in insurance products. Failed our rights as consumers.

What do we suffer for lack of term? The lives of disabled vets, and disabled American workers cut far too short. The quality of their remaining lives severally reduced. The why of "term" life insurance impaired, the trust gone, and we, our dependents, and our survivors are left unprotected. Why is it called "Term Life Insurance"? The connotation, the usage of the word "term" was preferred to carry in trust to any American that life is as it is defined by FEMA, and by the United States Surgeon General's Office the most valuable possession of the United States. Think twice, buyer beware, when you consider these days purchasing term life insurance or thinking the Veterans Administration or Social Security will be there, because it just seems it is the Bible salesman at the door?

If you would like more information, resources and guides for term life insurance, then visit the #1 life insurance resource on the net at: http://termlifeinsurance2.com

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Permanent Life Insurance - Worth the Money?

Buying life insurance requires a lot of thought and planning. For most people, the choice is between a permanent insurance policy and a term life policy. Here's a bit of information on permanent life insurance to help you make a better-informed decision.

Permanent life explained

Permanent life insurance will remain in effect until the insured dies, after which the death benefits will be paid out to the beneficiaries. The premiums on permanent insurance are designed to remain equal throughout the life of the insured. Premiums are high because permanent life policies develop cash values that can be accessed by the insured through surrenders or through loans against the policy.

The cash values in permanent life insurance policies typically include two components:

A guaranteed cash value, already referred to above. The cash value grows based on a pre-set schedule, and grows to a sizeable amount upon maturity of the policy (typically at age 100).
Most permanent insurance policies additionally have a non-guaranteed cash value element, typically made up of dividends or earnings on the cash value, which can enhance the value of the insurance policy over time.

There are many permanent life policies in the market today with varying features and varying degrees of control over the cash value component of premiums.

Permanent vs term life

In sharp contrast to all the cash-value possibilities that permanent life can offer, term life insurance policies only offer you the death benefit, and only cover you for a particular number of years, called the 'term'. Because of the absence of cash values and the temporary nature of this policy, term life premiums are more affordable.

Permanent life insurance can be substantially more expensive than term life insurance, but the death benefit is guaranteed as long as premiums are paid. On the other hand term life policies can buy you the same amount of death benefit as a permanent insurance policy, at a fraction of the premium cost.

The pros and cons of permanent life insurance

The drawbacks of permanent insurance are:

With most permanent life insurance policies, you don't have a say in the investment portfolio to which your cash value component is linked.
Because of its investment component, the best benefits on a permanent life policy are gained in the long term. So this is not a great life insurance policy for someone who wants a stopgap life insurance policy.
If you fall short of funds the cash value portion of permanent policy can be borrowed against. This attracts interest, so it is advisable not to borrow against a permanent life policy unless it's a last-resort effort to access money during a tough financial situation.
The investments of most permanent insurance policies are by nature very conservative (variable permanent life policies are the exception) with a strong possibility that if you were to invest the same amount of money elsewhere, you would earn much more on your investments. In fact there is a school of thought that advocates that permanent insurance may not be worth the money at all when compared to the benefits of buying term and investing the difference in premiums (between term and permanent).

Let's move on to the advantages of permanent life.

If you have difficulty exercising discipline in money matters, permanent insurance is a great option because it offers you 'forced savings'. If not for the policy, you probably would have difficulty investing money so consistently into an investment avenue.
Permanent life is a life-long insurance policy and the premiums are consistently level. Though it can be quite a pinch in the first few decades of your policy, as the years pass, it can get more affordable.
When you outlive a term life policy, you will need to buy more insurance, predictably at higher premiums. This problem does not arise in permanent insurance because the policy is lifelong, and premiums are consistently equal.

Is permanent life insurance right for you?

It all boils down to the life insurance needs at your current stage in life. If you are very young and have several financial obligations such as small kids, their college education to think of, mortgages, loans, etc. then permanent policies may not be right for you just yet because of their high premium costs. Term life would be a lot better. On the other hand, if you are older, and are mostly done with your financial obligations you will need a life insurance policy to cover you for the rest of your life, and that's where permanent life seems the more feasible choice.

How long do you plan to keep your insurance policy? If you want to be insured for several decades, you have to think of permanent insurance and not term, because even though term premiums are low, they will increase each time your policy expires, and you take out a fresh policy.

However, one must also consider the fact that permanent insurance investments grow conservatively. Therefore, those who are looking at great returns on their investments are better off buying term and investing the difference (that they save on premiums) in tax-deferred investment vehicles like IRAs, Roth IRAs and even educational accounts like the 529s. The general opinion is that if one can make sound investments elsewhere with this savings in premiums, the returns would be much greater returns than a permanent life policy could provide. If you look at it from this angle, permanent insurance doesn't really seem worth the money. The choice however, should totally depend on individual considerations.

Finally...

You need to spend some thought on how much your coverage should be. With permanent life especially, you don't want to be over insured because defaulting on your premiums can cancel your policy. You don't want to be under insured either, and put your family through tough times. So use an online life insurance needs calculator for an accurate estimate of how much life insurance you will need.

Shop around before you buy your life insurance. You can do this online in a hassle-free manner by getting quotes from a reputed online insurance agency. Check if the website is BBB-accredited, and you can be assured of its authenticity.

About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.

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Life Insurance - Bargain Life Insurance When You Take Out A Pension Policy

At last, a real life insurance bargain - but as always there are strings attached!

If you take out a new pension policy after 6 th April 2006 and within the same premium pay for life insurance cover, then you can use your pension contribution tax allowance to reduce the cost of your life insurance. This means if you're a standard rate taxpayer, you'll receive 22% tax relief on your life insurance premiums and relief at 40% if you're a higher rate taxpayer.

The combined premium you pay for your pension and life insurance will automatically be reduced by 22% by the pension provider. But if you're a higher rate taxpayer, you'll need to claim the balance to bring your relief up to 40%, on your year-end self-assessment tax return.

But there are three strings attached:

o The pension company must also provide your life insurance and be paid as one combined premium.

o The current value of your pension fund plus the sum insured by your life insurance policy must not exceed £1.5 million.

o Your combined annual premium for your pension and life insurance must not exceed £215,000.

In practice the savings on your life insurance will not be quite as big as you might otherwise expect. Its because the underlying premium for the life insurance cover will be a bit more expensive than a stand-a-lone policy with the same company and, in all probability, the insurance company providing your pension policy won't be the cheapest on the life insurance market. Furthermore, you can't buy a combined pension and life insurance policy online - so you'll miss out on the Internet's discounted life insurance prices.

Nevertheless, if you're a higher rate taxpayer, your tax savings are bound to guarantee that your life cover is a real bargain! If you're a standard rate taxpayer you'd be wise to do a little homework. Before you buy, you should get an online quote for life insurance to compare against the price you'd pay if you bought it alongside your new pension.

There are some other points you also need to know. Firstly we know you'll ask whether you can convert your existing life insurance policy into a combined pension purchase. The answer is no! The tax relief is only available if from the outset, you take a pension and life insurance policy as one combined purchase.

Secondly, the life insurance cover can only apply to the owner of the pension policy - you can't add in anyone else on the life insurance policy. Joint policies aren't available as a pension/life insurance package.

And whilst many people also add critical illness cover to their life insurance, this is not possible when you have a pension/life insurance package. Critical illness cover pays out a tax-free lump sum if you are diagnosed with a specified serious illness which is listed on your policy. If you want critical illness cover, you'll have to buy a normal stand-a-lone policy.

Finally, if you're going to buy a pension life insurance package and replace your existing life cover, a few words of warning. You'll obviously be older now than when you first took out your existing life insurance policy. This means that the premium rate on your new cover will be higher. Furthermore, the premium for your new policy could be loaded if you've developed any medical conditions since taking out your original life insurance. Remember, even if you've simply put on weight, your premium could be loaded. In extreme medical cases, the proposed insurer might even totally refuse to provide life cover. To avoid the possibility of being caught without life insurance cover or being forced to accept a more expensive premium, you should obtain written confirmation from your pension company that they will insure you. You then need to compare their proposed cost, net of tax, with your existing premium.

Brokers Online are a large uk based financial website. We specialise in providing upto date financial news which helps our readers make the right choices about their Life Insurance.

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The Life Insurance Quote Business is Booming, but is the Insurance Quote Accurate?

The life insurance quote business online is booming. Not only are life insurance agents quoting a more diverse portfolio of companies, but consumers are also now able to quote life insurance online for themselves. In this article, I will analyze the impact of the life insurance online quote on the insurance industry, the insurance broker, and the consumer looking for insurance.

In the not so distant past, life insurance was sold, not bought. The typical agent would travel door to door, network locally, and perhaps meet with potential policyholders for dinner at their home. The "debit" agent was also a common profession. These agents would actually go to their clients and collect the premium on a weekly basis. The life insurance quote came from a person back then, not a computer.

These days, consumers can go online for a life insurance quote. The ability to readily compare the cost of life insurance among hundreds of life insurance companies has dramatically changed the environment.

The biggest impact to the insurance industry is the fact that the cost of coverage has decreased significantly. This is good for the client, but is in effect shutting smaller companies down as the claims to revenue ratio is converging.

Another impact is the fact that when consumers get an online life insurance quote, they are rarely coached as to what is the better deal for them. Often times, term life insurance is the only product that they are offered. The customer is not being told about the advantages of whole life insurance or the flexibility of universal life insurance...they are often just given a term life insurance quote as requested. The life insurance agent of past would have talked to the client and done some fact finding before selling them something that may not fit their particular situation.

The online Life Insurance Quote industry has also affected the independent insurance broker. Often times, the local broker is not trusted with the quote because the consumer has gone online and gotten a cheaper quote from an online quote service. Misquotes are usually the result of the lack of fact finding on the part of the online insurance quote companies. Customers would be much better off dealing with a licensed life insurance agent (who can broker any company out there; whatever suits the customer best) for their life insurance quotes.

So the next time you go online looking for the best term life insurance rate, consider that you may be making a mistake by dealing with a "call center". Consider that the life insurance quote that you are receiving is only from the companies that they carry. Consider calling on an independent life insurance broker for your term, whole life, and universal life insurance needs and information.

By: Ashley Brooks, CLTC

Ashley is the marketing vice president for the Family Life Insurance Brokerage Business and has a background in Health & Financial Underwriting, Insurance Plan Design, and "best deal" shopping. Brokerage Services carries only A rated (or better) companies in their product portfolio and has been serving the needs of Independent Insurance Agents since 1977.

Get a free Life Insurance Quote at my new website - especially for Whole Life Insurance, Term Life Insurance, or Universal Life Insurance!

We are currently seeking Insurance Agents to grant brokerage contracts to. If you are an insurance agent and you would like to work with an Insurance General Agent who cares about you and your clients, please contact us today!

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Life Insurance and Life Assurance are Not the Same!

The average man in the street assumes that Life Insurance and Life Assurance are names for the same form of insurance. How wrong they are! But don't hang your head in shame, many financial commentators get it wrong too! Life Insurance and Life Assurance perform different financial roles and are poles apart in cost - so it helps to surf for the correct product.

Life Insurance provides you with insurance cover for a specific period of time (known as the policy's "term"). Then, if you were to die whilst the policy is in force, the insurance company pays out a tax-free sum. If you survive to the end of the term, the policy is finished and has no residual value whatsoever. It only has a value if there is a claim - in that context it's just like your car insurance!

Life Assurance is different. It is a hybrid mix of investment and insurance. A Life Assurance policy pays out a sum equal to the higher of either a guaranteed minimum underwritten by the policy's insurance provisions or its investment valuation. The value of the investment element is then a reliant on the Insurance Company's investment performance and length of time you have been paying the premiums.

Each year the insurance company adds an annual bonus to the guaranteed value of your life assurance policy and there is normally an extra "terminal bonus" at the end. Therefore, as the years go by your life assurance policy increases in value as the investment bonuses accumulate. The value of these bonuses are then determined by the insurance company's investment performance. Once investment value has been assigned to the policy, you can cash it in with the insurance company. However, most people get a far better price for their life assurance policy by selling it to a specialist investment broker rather than cashing it in with the insurance company.

If you were to die during a Life Assurance policy's term, the policy pays out the higher of either the guaranteed minimum sum or the accumulated value of the annual investment bonuses. However, if you are still living when the policy terminates, you usually get a bigger payout. This is because with most insurance companies, an additional terminal bonus is awarded.

There is a also a specialised form of life assurance called "Whole of Life". These policies remain in force for as long as you live and as such, have no preset term.

There is also a practical difference for the internet user. Whereas you can buy life insurance online, the Financial Services Authority view life assurance as fundamentally an investment product. As such they believe it is best suited to being sold by a Financial Adviser with advice based on the Advisors full understanding of your personal details. Therefore, you will be unable to buy life assurance online. However, you can use the internet to find a suitable financial adviser with whom you can meet and discuss your requirements.

What are Life Insurance polices and Life Assurance policies used for?

Life Insurance is usually a focal point of the family's financial protection. It is ideally suited to ensure that known debts such as a mortgage, are repaid in full in the event of the policyholders death.

When it comes to providing a lump sum for general use in the event that the policyholder were to die whilst the policy was in force, either life insurance or life assurance can be used. The differences are that with life insurance the size of payout would be preset whereas with life assurance it would depend on the guaranteed minimum and the insurance company's investment performance. But remember, at the end of the policy's term life insurance is worthless, whereas life assurance should payout a sizeable investment sum. In this context Life Assurance seems far more worthwhile but in practice more people elect for life insurance. Why? It's a matter of cost. Life Insurance is considerably cheaper than Life Assurance. Furthermore, in recent years, investment returns on Life Assurance policies have fallen significantly and many insurance companies have placed penalties for cashing in policies early. This has adversely affected the resale value of Life Assurance policies.

Finally, if you want a product to provide a lump sum on your death whenever that is with a minimum payout guaranteed, you'll probably elect for Whole of Life insurance. It's really a form of lifetime investment with the benefit of a guaranteed minimum. They're particularly useful for Inheritance Tax Planning.

Michael Challiner has 15 years experience in financial services marketing at senior level. Michael now works as the editor of Brokers Online Life Insurance

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