Author Archives: Jones

How Does An Annuity Work

How Does An Annuity Work- Pros and Cons?   During the course of this article we will discuss the topic of how does an annuity work? We will discuss the three main types of annuities and how each may have pros and cons for retirement. We will look at the basics of annuities and see how the three main types differ and how each retiree can use them to complete their retirement goals. More to come!

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How Does Universal Life Insurance Work

how does universal life insurance work

How Does Universal Life Insurance Work? How does universal life insurance work, pros and cons will be discussed here! Universal life is sort of a hybrid between whole life and term life. According to some agents you get the best of both worlds when you enroll in universal life insurance. You get the lower premiums than whole life and also build some cash value, which you do not get with term life insurance. Your face amount or […]

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Life Insurance Fraud

Life insurance fraud is a black eye on both life insurance companies and life insurance customers. Both parties have been guilty of life insurance fraud and will be again–especially since, sadly, fraud seems to be on the rise according to most statistical measures. Research by the non-profit The Coalition Against Insurance Fraud concludes that life insurance fraud committed by all parties costs an average household $1650 per year and increases life insurance premiums by 25%. Life insurers […]

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Life Insurance Made Easy: A Quick Guide

Life Insurance Made Easy: A Quick Guide – Whole life insurance policy and term life insurance coverage questions answered This book is a quick and easy guide for the average person in understanding life insurance coverage. We review the most common life insurance coverage in simple “straight to the point” language. Salesman can be misleading. We help you understand the life insurance policy they are trying to sell you and whether or not it makes sense to […]

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Twelve Secrets and Tricks to Buying Life Insurance

Secret #1: Don’t spend too much time on a life insurance quote. Do not be fooled by the low price quotes you get online – they don’t apply to you unless you are extremely healthy. Statistically only 10% of people who apply actually get the lowest priced policy. The premium you end up paying has nothing to do with the initial quote you get online or from an agent. It is amazing to me how often I […]

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Life Insurance, 15th Ed.

This 15th edition of Life Insurance is published in recognition of the 100th anniversary of this book’s first edition. That edition was published in 1915 and authored by Dr. Solomon S. Huebner, founder of the Wharton School’s insurance program and of the Chartered Life Underwriter certification program. It was pioneering for setting out both insurance principles and practices in a single, expansive treatise aimed explicitly at students of the business, whether they were students in the traditional […]

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Learn About Whole Life Insurance

Whole life insurance provides customers with a life insurance policy that will help their loved ones in the future, and with an investment component that will help customers and their families right away. This mixture of delayed and instant gratification has been attractive to life insurance shoppers for decades, but today’s trend in life insurance is moving away from whole life insurance packages. Once, whole life insurance policies were the standard, but today they are the exception. […]

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How To Get Cheap Whole Life Insurance Quotes

how does universal life insurance work

Whole life insurance quotes the most expensive kind of policies that are on the market due the fact of cash value over time. Whole life insurance is permanent life insurance coverage that lasts as long as you live and continue to make onīˇ“time premium payments. The reason that whole life insurance quotes are so much more expensive is due to the fact that the policy will have to pay out a death benefit when you die. Whole […]

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Definition of Whole Life Insurance

Whole life insurance, also known as cash-value insurance is a basic and consistent type of permanent life insurance which remains in effect your entire life at a level premium. This life insurance is a good choice got you if you do not expect your life insurance needs to diminish over time. A portion of your premium goes into a reserve fund called cash value that builds up over the years your policy is in affect. Your reserve […]

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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 […]

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