Life Insurance Free Quotes

Definition Of A Universal Life Policy – Universal Life Insurance

What is the definition of a universal life policy? About 20 years ago the life insurance industry was concerned more than usual the “buy term and invest the difference” advocates. As a result the actuaries went to work, not only to improve term life insurance policies, but also to come up with viable combinations of investment instruments and term life insurance. Together with variable life the universal life insurance policy was born. The definition of a universal life policy is as follows. Universal life is a term life insurance policy with a saving element attached. It is even more flexible than a whole life insurance policy in some ways in that the death benefit, premium and savings element can be changed at any time to fit the desires and financial situation of the policy owner.

• The Death Benefit

The death benefit of a universal life insurance policy is usually paid to the beneficiary free from income taxes.

Full Post…

Affordable Life Insurance Rate | Affordable Term Life Ins. Policies Discussed

Finding an affordable life insurance rate is not as difficult as it used to be. Most life insurance buyers today seem to focus on the purchase of term life insurance to start their life insurance portfolios. Because of this demand for term insurance over the past 20 years the life insurance companies have lowered their premiums considerably. The consumer therefore gains with a more affordable life insurance rate.Although the main term life insurance policies have always existed there is a new interest in decreasing term life insurance, increasing premium life insurance, and all the level term life insurance policies. Even the fairly new return of premium life insurance policy has gathered to itself a great following. Each policy has its good points and it is fairly easy to find an affordable rate on either of them if you know where to look.

The birth of several new new internet companies allow you to find a low rate with the click of a mouse on your computer.

Full Post…

400 facebook friends and you’re a loner

I read an article in the Economist recently about lonely people being more likely to get ill.  Lonely people, it seems, are at greater risk than the gregarious of developing illnesses associated with chronic inflammation, such as heart disease and certain cancers. According to a paper published last year in the Public Library of Science, Medicine, the effect on mortality of loneliness is comparable with that of smoking and drinking. It examined, and combined the results of, 148 previous studies that followed some 300,000 individuals for an average period of 7.5 years each, and controlled for factors such as age and pre-existing illness. It concluded that, over such a period, a gregarious person has a 50% better chance of surviving than a lonely one. Ref: http://www.economist.com/node/18226813?story_id=18226813

Ed and I recently returned from the USA, where we learned that Life Insurers place a much larger emphasis on moral underwriting.

Full Post…

A Term Life Insurance Company – Term Insurance Company

The phrase term life insurance company might imply, to some people, that there are life insurance companies that sell this type of product and no other. Such a conclusion is very far from the truth. There may be agents that sell solely term insurance but not life insurance companies. What these companies may do is to specialize in selling term but if a client desires other types of life insurance or other types of insurance in general they may be available from a so called term life insurance company. The whole idea of attempting to focus on a specific type of insurance was born out of what turned out to be a very powerful movement with what appeared to be a goal of getting people more bang for their dollar. As term insurance is considerably cheaper than permanent insurance people are therefore able to buy larger amounts of this type of life insurance…

Full Post…

Free Online Life Insurance Quotes – Free Term Life Quotes

Free online life insurance quotes are available to those looking to buy life insurance, the most popular being term policies. You can get your quotes and buy your policy online.

• No Exam Life Insurance

The beauty of the thing is that if you are a very busy person who needs some life insurance you do not need to do a medical exam. You do, however, need to give the life insurance carrier a little information about your medical history.

They check out the information and if you qualify you can actually buy the policy online. The process takes about 15 minutes. This seem to be where the life insurance business is heading in the future.

If you are no younger than age 18 and no older than age 65 you can apply for one of these policies online. They offer 10 year, 15 year, 20 year and 30 year term insurance.

Full Post…