WASHINGTON BUREAU — Financial Industry Regulatory Agency examiners say they are pleased with the variable annuity (VA) industry’s response to new sales requirements but are still watching for abusive switches and costly surrender fees. < Full Article…
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Some necessary advices about life insurance
Health has always been a major concern among people around the world and they were worrying about their health and the well-being of their families for centuries. Health insurance provides financial protection, that would be...
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How to buy life insurance in the right manner
Most people buy life insurance for their loved ones are protected financially in the event of their death. But people do not often realize that even if they have to pay the funeral expenses and income replacement are two very...
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Do you need life insurance if you are a single without children?
If you ask a person only if they have taken out life insurance, do not be surprised if they look at you blankly. It is true that singles who are young and healthy rarely think about their own mortality yet only life insurance....
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With the whole life insurance policy you will not lose your money
If you decide to buy life insurance, it is a smart decision. It’s just common sense to have a measure of security for your family if something happens to you. The hard part is deciding what kind of policy to buy and where....
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Term Life Insurance Policy – Term Policies Explained
Term Life Insurance Policy Discussed
Why You Would Buy A Term Insurance Policy
The term life insurance policy is favored by many buyers on or offline. The plans they like most are the 10 year, 15 year, 20 year and 30 pear term policies. Want to learn how they work?
The least costly of these policies is the level 10 year term policy. This policy is used by some people to fulfill short term needs even though they usually are designed to benefit the family after the owners death.
You possibly have an outstanding debt that you don’t want to burden your loved ones with. Another way you may use this plan is to guarantee a child’s or grandchild’s college costs.
Another favorite plan is the 15 year term policy.
Universal Life – Extending The Possibilities
Universal life insurance was designed with the express intention of combating the venerable whole life insurance policy. The whole life policy had all the advantages of a good life insurance policy except for two things. This policy needed a much lower premium to be more effective in the market place. It also needed more flexibility. The universal life insurance policy has all of these advantages and then some. Here is how it works.
- The Death Benefit
Universal life insurance has a guaranteed level death benefit that can be increased or decreased at the will of the owner of the policy.
Whole Life Insurance Advice – Free Whole Life Insurance Advice
I take some time for a little whole life insurance advice. The term life advocates are so vociferous about their dislike of whole life insurance in every form that they have some people thinking that there is no advantage to buying whole life insurance. Let me make myself absolutely clear…the first piece of whole life insurance advice. Life insurance was invented to take care of a family’s financial needs in the event of the death of the breadwinner. Because of the low premium term life insurance will be the best type of life insurance for most people. Why? It simply takes a lot of life insurance to provide sufficient income for the family to maintain their accustomed standard of living.
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Virginia Sets the Date for Shenandoah Life Acquisition Hearing
The Virginia State Corporation Commission (SCC) plans to hold a hearing Oct. 11 on efforts by United Prosperity Life Insurance Company to acquire Shenandoah Life Insurance Company.
The Virginia SCC will stream the audio portion of the hearing on the Web at http://www.scc.virginia.gov/case/webcast.aspx
United Prosperity Life — a company backed in part by Black Diamond Management Group L.P., Austin, Texas, recently signed a definitive agreement calling for it to acquire Shenandoah Life, Roanoke, Va.
Virginia regulators first revealed that they were in talks with Prosperity Life Insurance Group L.L.C., the parent of United Prosperity Life, in June 2010.
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