life insurance – Basic information about life insurance

Not everyone needs life insurance. To determine if the purchase of life insurance is a good option, take into account their age, marital status, who depend on you financially, their goods, import it amount of debt you have and whether you will need to cover estate taxes.

Term Vs. Whole Life Insurance (Life Insurance Explained) video
In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give you an idea of which is best for you.

How Life Insurance Works video
Pros and Cons of different kinds of Life insurance policies, how they are designed, and how they work. After watching this video ..

Don’t Buy a Life Insurance Policy Until You Watch This! video
Thinking about buying life insurance? If you don’t want to get ripped off, or make the dumb mistakes that so many people make ..

Basic information about life insurance

People buy insurance life to ensure that beneficiaries have enough money to maintain their lifestyle after the insured dies. The beneficiaries are persons who you designate so that they receive the money from the life insurance policy when you die. This money is known as benefit for death.

You can designate one or more beneficiaries. If you designate more than one, you have to decide how to divide the money. You can also select a secondary beneficiary or contingent beneficiary, so that you receive the money if the primary beneficiary dies before you. Life insurance is not an investment. An investment is a financial risk, since you could win money, but also could lose part or all of your money. In contrast, the life insurance pays a guaranteed death benefit.

Some types of life insurance, as the ordinary life, universal life and variable life, can accumulate a cash value, which you could use as income for retirement. Agents and companies may not see life insurance as an investment or as a source of income for retirement. If an agent or a company trying to sell you a policy of life insurance as a good investment, be careful. Also, do not confuse the life annuities with insurance. Often people buy annuities for retirement because they can provide a fixed income over a long period.

Insurance companies use a process called assurance to decide if they will sell life insurance to someone and what prices to charge for insurance premiums. The company will consider several factors to determine how much to charge for the insurance premium. These include:
your age
sex
medical condition
If you smoke
His hobbies and occupation.

Seeking young people and people who have good health, not smoking and they have no hobbies or hazardous occupations, lower premiums, will be charged for them since the company expects that these policyholders live longer. Applicants who are older, who have health problems, smoke or have hobbies or hazardous occupations will probably pay more.

Companies may charge you a higher premium or may decide not to sell you a policy because of its potential risk. If a company does not sell you a policy, follow looking. Assurance guides vary from company to company. It is possible to find coverage with another company.

If you decide to modify the resource in which premiums are invested, so that this change is not subject to income tax, but it could be the following rates apply to entity. Refer to this end in its policy.

If they offer any warranty on this product, make sure that you understand that security and requires that the effects that will have on the profitability (usually greater safety, lower profitability).

Expenses insurance policy must withdraw all charges that apply and what amount should be calculated. If you feel that you are requesting the costs mentioned in the policy, must be in contact with the insurance company in order to clarify this situation and if you do not receive a satisfactory explanation, stating through standby channels.

Benefits of participation your insurance can provide a car extra return guaranteed, according to the results of the entity’s investment, attributed to its policy.

When we talk about life insurance, in the sector usually refer to them as “life risk insurance”, as life insurance in general there are many (any insurance that has coverage of death, as a pension plan, life insurance). It is certainly one of the most important types of insurance that a family can and should be, since it is really going to guarantee that the standard of living of the family (or the beneficiary that is decided) will be able to continue in the event of death or disability.

The most common guarantees in life risk insurance are the death by any cause, and the absolute and permanent disability due to any cause. But it may be that only hire of death (no disability). In addition to these two, the life insurance have a wide variety of optional guarantees.

Types Of Life Insurance Explained video
There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds.

Why Is Term Insurance Better Than Whole Life Insurance video
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some ..

Life Insurance and Annuities- A practical introduction with Lisa Horowitz video
During this webinar, you will be introduced to the basics of life insurance and annuities. We will discuss -Types of Life Insurance

Insurance Explained-Definition of Insurance- Difference Between life and general insurance video
In this video I have explained in detail about the Insurance, types of Insurance, Difference Between life insurance and General …

Best Life Insurance Companies in the US | Life Insurance Explained video
So you have decided that you want to purchase a life insurance policy but still wrapping your head around the commonly used …