LIFE INSURANCE
--Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE AT: 786-631-7740-
Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also
provides periodic income, which takes care of family needs.
Life insurance payable, can provide a surviving spouse, children, and other dependents with the funds
necessary to maintain their standards of living, can help repay debt, and and fund education tuition costs.
SOUTH FLORIDA, CALL THE AGENT AT: 786-631-7740
Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also
provides periodic income, which takes care of family needs.
Life insurance payable, can provide a surviving spouse, children, and other dependents with the funds
necessary to maintain their standards of living, can help repay debt, and and fund education tuition costs.
SOUTH FLORIDA, CALL THE AGENT AT: 786-631-7740
| Life Insurance Clauses Determine Your Coverage Do you have a life insurance policy? How many times have you gone through your policy document? Once or maybe twice, right? And do these important clauses like incontestable clause, spendthrift clause or reinstatement clause mean anything to you? If you are totally clueless about terms like these, don't worry, this is the right article for you.  Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also provides periodic income, which takes care of temporary needs like mortgage repayments, education etc. However, in order to make sure that your life insurance policy will provide for you family when you can't, you need to understand the product you are buying. Here we'll cover some sections of life insurance policies that you need to be aware of. Beneficiary Clause The main aim of life insurance is to transfer wealth to your heirs or to provide liquidity to your family. For that reason, you need to name a beneficiary who will receive the life insurance proceeds after your death. This beneficiary can be your spouse, children or relatives. You also can change your recipient's name any time during the term of the policy. However, if you still have not nominated a beneficiary, then your family is going to be in some trouble. The insurance money will go to your estate and the probate fees needed to settle your estate can dig a big hole in your surviving family's liquid assets. Therefore, it is always practical to have a primary and a contingent (secondary) beneficiary in your policy. For example, you can choose your wife as a primary beneficiary and your children as contingent beneficiaries. That way, in case your spouse also dies, your children will qualify for the insurance money. You pass through various phases in your life: marriage, divorce, a new business, the birth of your child and more. Consequently, you need to stay with the changing times by updating your beneficiaries to adjust for those events. Preference Beneficiary Clause If you have not nominated a beneficiary in your policy, your insurance company will disburse the life insurance money to the individuals listed in your policy. Presume that the order of priority in your policy is: 1) your spouse, 2) your children, 3) your parentts. If the proceeds are distributed, they will go the first living individual which, in most cases, will be your spouse. Survivorship Clause According to this clause, after your death, the policy proceeds will go to the beneficiary - for example your wife - but only if the beneficiary survives you by a stated number of days. Misstatement of Age Clause Your age plays an important role in determining adequate life insurance coverage. The older you are, the higher the premium that is charged. Therefore, if you lie about your real age to reduce your premiums you may to pay a huge price for it. In this situation, your insurer may choose to cancel your policy entirely, increase your premiums or adjust your policy amount. Incontestable Clause Your insurance company is entitled, usually during the first two years of the policy, to challenge the validity of your policy on the basis that you held back material information. If you are found guilty of concealment, your insurer will void the policy and return the premiums. For instance, if you concealed the important fact that you are a heavy drinker in order to get a lower premium and your insurer finds out about this lie, it will not pay the claim on your death if it occurs during the first two years of the policy. However, after the two-year period, your insurer cannot revoke the policy and has to pay the insurance money to your family without any opposition. Despite this clause, there are exceptions in which the insurance company will not have to pay the claim, such as in cases of deliberate fraud, where your insurer may opt to contest your policy even after the two-year period. This is the most important clause of your life insurance policy and, therefore, you should make sure that this clause is included in your policy and that you are familiar with the specified time limit. Spendthrift Clause If you have named your gambler son as a beneficiary, there is a chance that upon your death, your son's creditor may pounce on your life insurance proceeds. The spendthrift clause gives the insurer the right to hold back the proceeds and protect them from creditors. In this case, your insurer may prefer to pay the insurance money in installments to your son. Suicide Clause The suicide clause in your policy specifies that the insurance company will not pay the money if the insured attempts or commits suicide within a specified period from the beginning of the coverage. If the insured's death is a result of suicide, an insurer will only return previously paid premiums to the family. War Clause Normally, insurance companies do not compensate for death due to war or war-related developments. As per this clause, if you are a victim of war, your insurer will not pay out the benefits to you. In its place, your insurer will reimburse the previously paid premiums to your family. Aviation Clause According to this clause, your insurer will not pay compensation to your surviving family due to death on an airplane. Conversely, if you are an airline employee, you can buy aviation insurance by paying higher premiums. Free Look Period / Free Examination Period If you are not satisfied with the terms and conditions of the policy, you can return the policy within a specified period after receiving it and your premiums will be fully refunded. Here, the time frame will vary depending your insurer. Grace Period Clause There are times when you cannot pay the premiums as a result of financial troubles. In these circumstances, the "grace period" provision works in your favor. Your insurance company will provide a grace period within which you can make the necessary monetary arrangements and pay your premiums. During this time, you will continue to be covered by your insurance policy. If you still do not care to pay your premiums, your policy may be cancelled. If you die within the grace period, your insurer will pay the insurance money after subtracting the unpaid premium from that money. Reinstatement Clause If your policy has lapsed due to non-payment of premium, you can revive it by paying all the past outstanding premiums along with interest. However, you need to prove to your insurer that you continue to enjoy good health to qualify for this provision. Conclusion If you haven't yet taken the time to understand your insurance policy, you should do so as soon as possible. Life insurance is an asset if you know how to make the most of it, but many choose not to bother with insurance jargon and instead choose to blindly follow their insurance advisors - this choice can have serious consequences for you and your family. Your knowledge of the insurance clauses described above can give you an upper hand when purchasing life insurance and can help you ensure that your insurance coverage works in the best interests of your family. |
Life Insurance Distribution And Benefits
can be a very important investment for you, especially if you have a growing
family. You can get hassle-free wealth distribution among your children,
emergency loans at low interest, assured benefits and in the end, a death
benefit. All you need to do is to work out a sensible plan with your insurance
advisor, through which you can avail yourself of these aspects of your life
insurance policy.
In this article, we'll show you how these life insurance concepts can make a
huge difference in your life now.
Beneficiaries
The most prominent feature of a life insurance policy is the beneficiary
clause, which facilitates the easy transfer of your money to your successors
However, you need to be aware of the different kinds of beneficiaries in life
insurance:
Multiple Beneficiaries
You can have your children as multiple beneficiaries. All you have to do is
to indicate the names of these recipients and the amount of proceeds that
they are going to get.
Contingent Beneficiary
Naming a contingent beneficiary is always practical. Suppose that your first
(primary) beneficiary dies near the time of your own death. In this case, your
children will qualify for your insurance money if you nominate them as
contingent (secondary) beneficiaries. A contingent beneficiary can get life
insurance proceeds if the primary beneficiary dies before he or she can
receive the assets.
Minor as a Beneficiary
If you have named your minor child as a beneficiary, you will have to
appoint a guardian/trustee who will administer the insurance proceeds upon
your death.
Revocable Beneficiary
Here, the recipient can be changed any time during the policy.
Irrevocable beneficiary
In this type of beneficiary class, you cannot change your beneficiary's name
unless they consent to it. With an irrevocable beneficiary, creditors cannot
touch the policy proceeds as these monies are not considered to be a part
of your assets.
Lapse
It can happen that due to certain circumstances you forget to pay your
premiums, even in the specified grace period. Unfortunately, because you
have missed the deadline your policy will lapse.
Consequently, your insurance company can stop covering you or may
provide you reduced insurance coverage equivalent to the total premiums
paid formerly (also called paid-up policies). Nonetheless, a lapsed policy
may be renewed in some plans, although the exact renewal procedure
varies among different insurers.
Cash Surrender Value
Permanent life insurance policies like universal life insurance, whole life
insurance and variable life insurance are more attractive thanks to the
presence of built-in cash value. (Term life insurance policies do not offer
cash values). The interesting aspect of these policies is that you can
surrender your policy and get the accrued cash value in your hands
provided you have a substantial amount of cash value.
Cash Value
Here, a part of your premium is put in savings or another investment account
according to the type of policy you purchase. As a result, the ongoing
interest you receive from your investment account gradually increases your
cash value.
Non-Forfeiture Options
In permanent life insurance policies, if you fail to pay the premiums in the
grace period, you won't lose your life insurance - your accumulated cash
value will come to your rescue with the following options:
Terminate your policy and get the cash surrender value in hard cash.
Go for reduced coverage for the remaining term of the policy with no future
premiums. (i.e. paid-up policy)
Use your accumulated cash value to pay the future premiums (also referred
as automatic premium loan).
Buy an extended term insurance with the remaining cash surrender value
can be a very important investment for you, especially if you have a growing
family. You can get hassle-free wealth distribution among your children,
emergency loans at low interest, assured benefits and in the end, a death
benefit. All you need to do is to work out a sensible plan with your insurance
advisor, through which you can avail yourself of these aspects of your life
insurance policy.
In this article, we'll show you how these life insurance concepts can make a
huge difference in your life now.
Beneficiaries
The most prominent feature of a life insurance policy is the beneficiary
clause, which facilitates the easy transfer of your money to your successors
However, you need to be aware of the different kinds of beneficiaries in life
insurance:
Multiple Beneficiaries
You can have your children as multiple beneficiaries. All you have to do is
to indicate the names of these recipients and the amount of proceeds that
they are going to get.
Contingent Beneficiary
Naming a contingent beneficiary is always practical. Suppose that your first
(primary) beneficiary dies near the time of your own death. In this case, your
children will qualify for your insurance money if you nominate them as
contingent (secondary) beneficiaries. A contingent beneficiary can get life
insurance proceeds if the primary beneficiary dies before he or she can
receive the assets.
Minor as a Beneficiary
If you have named your minor child as a beneficiary, you will have to
appoint a guardian/trustee who will administer the insurance proceeds upon
your death.
Revocable Beneficiary
Here, the recipient can be changed any time during the policy.
Irrevocable beneficiary
In this type of beneficiary class, you cannot change your beneficiary's name
unless they consent to it. With an irrevocable beneficiary, creditors cannot
touch the policy proceeds as these monies are not considered to be a part
of your assets.
Lapse
It can happen that due to certain circumstances you forget to pay your
premiums, even in the specified grace period. Unfortunately, because you
have missed the deadline your policy will lapse.
Consequently, your insurance company can stop covering you or may
provide you reduced insurance coverage equivalent to the total premiums
paid formerly (also called paid-up policies). Nonetheless, a lapsed policy
may be renewed in some plans, although the exact renewal procedure
varies among different insurers.
Cash Surrender Value
Permanent life insurance policies like universal life insurance, whole life
insurance and variable life insurance are more attractive thanks to the
presence of built-in cash value. (Term life insurance policies do not offer
cash values). The interesting aspect of these policies is that you can
surrender your policy and get the accrued cash value in your hands
provided you have a substantial amount of cash value.
Cash Value
Here, a part of your premium is put in savings or another investment account
according to the type of policy you purchase. As a result, the ongoing
interest you receive from your investment account gradually increases your
cash value.
Non-Forfeiture Options
In permanent life insurance policies, if you fail to pay the premiums in the
grace period, you won't lose your life insurance - your accumulated cash
value will come to your rescue with the following options:
Terminate your policy and get the cash surrender value in hard cash.
Go for reduced coverage for the remaining term of the policy with no future
premiums. (i.e. paid-up policy)
Use your accumulated cash value to pay the future premiums (also referred
as automatic premium loan).
Buy an extended term insurance with the remaining cash surrender value
 | |  | |  | |  | |  |
KNOWLEDGEFINANCIAL.COM
LIFE INSURANCE: Ways to Reduce Your Life Insurance Premium; Learn the importance and benefits of life insurance in real life. Life Insurance Clauses
Determine Your Coverage! Cashing In Your Life Insurance Policy! Life Insurance Distribution And Benefits and beneficiary. ------
SOUTH FLORIDA, CALL A REPRESENTATIVE AT: 786-631-7740
Determine Your Coverage! Cashing In Your Life Insurance Policy! Life Insurance Distribution And Benefits and beneficiary. ------
SOUTH FLORIDA, CALL A REPRESENTATIVE AT: 786-631-7740
INSURANCE: WAYS TO MAKE MONEY &
SAVE MONEY ON YOUR INSURANCE. 15
Insurance Policies You Don't Need
Five Insurance Policies Everyone
Should Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long
way toward helping you safeguard your earning power and your
possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse,
children, and other dependents with the funds necessary to maintain
their standards of living, can help repay debt, and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting
your insurance premium (age and family medical history), there are
steps you can take regarding the third - lifestyle. You could lower your
insurance premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity”
comes from the Latin for “year”. In the context of life insurance, it is a
contract between you and an insurance company under which the
insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-
care
It’s always much easier and much less complicated choosing
healthcare coverage from your employer.
SAVE MONEY ON YOUR INSURANCE. 15
Insurance Policies You Don't Need
Five Insurance Policies Everyone
Should Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long
way toward helping you safeguard your earning power and your
possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse,
children, and other dependents with the funds necessary to maintain
their standards of living, can help repay debt, and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting
your insurance premium (age and family medical history), there are
steps you can take regarding the third - lifestyle. You could lower your
insurance premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity”
comes from the Latin for “year”. In the context of life insurance, it is a
contract between you and an insurance company under which the
insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-
care
It’s always much easier and much less complicated choosing
healthcare coverage from your employer.
HOME BUYING PROCESS
WE ARE LICENSED MORTGAGE BROKER. FOR
YOUR REAL ESTATE FINANCING, MORTGAGE &
LOANS, HOME REFINANCING, HOME
EQUITY, MORTGAGE LOAN MODIFICATION,
REAL ESTATE INVESTMENT INFORMATION
CENTER.
CONTACT Mr. ANTONY AT: 786-709-6577 WE'RE
COMPETENT, WE'RE LOYAL, & WE'VE ALL THE
EXPERIENCE NECESSARY IN REAL ESTATE,
FINANCE & MORTGAGE TO HELP YOU!
HOME-BUYING GUIDE ----- HOME-SELLING
GUIDE
WE ARE LICENSED MORTGAGE BROKER. FOR
YOUR REAL ESTATE FINANCING, MORTGAGE &
LOANS, HOME REFINANCING, HOME
EQUITY, MORTGAGE LOAN MODIFICATION,
REAL ESTATE INVESTMENT INFORMATION
CENTER.
CONTACT Mr. ANTONY AT: 786-709-6577 WE'RE
COMPETENT, WE'RE LOYAL, & WE'VE ALL THE
EXPERIENCE NECESSARY IN REAL ESTATE,
FINANCE & MORTGAGE TO HELP YOU!
HOME-BUYING GUIDE ----- HOME-SELLING
GUIDE
Cashing In Your Life Insurance Policy
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a
possible source of funds - but should you tap into it?
There are certainly some drawbacks to using life insurance to meet immediate cash needs, especially if you're compromising your long-term goals or your
family's financial future. Nevertheless, if other options are not available, life insurance, especially cash-value life insurance, can be a source of needed
income
Methods of Accessing Cash
Cash-value life insurance, such as whole life and universal life, builds reserves through excess premiums plus earnings. These deposits are held in a
cash-accumulation account within the policy.
Cash-value life insurance offers the opportunity to access cash accumulations within the policy either through withdrawals, policy loans, or partial or full
surrender of the policy. Another alternative involves selling your policy for cash, a method known as a life settlement.
Be sure to bear in mind that although cash from the policy might be useful during stressful financial times, you could face unwanted consequences
depending on the method you use to access the funds.
Withdrawals
Generally, it is possible to withdraw limited amounts of cash from a life insurance policy. The amount available differs based on the type of policy you own
and the company issuing it. The main advantage of cash-value withdrawals is that they are not taxable up to your policy basis, as long as your policy is not
classified as a modified endowment contract (MEC).
However, cash-value withdrawals can have unexpected or unrealized consequences:
Withdrawals that reduce your cash value could cause a reduction of your death benefit - a potential source of funds you might need for income replacement,
business purposes or wealth preservation.
Cash-value withdrawals are not always received income-tax free. For example, if you take a withdrawal during in the first 15 years of the policy and the
withdrawal causes a reduction in the policy's death benefit, some or all of the withdrawn cash could be subject to taxation.
Withdrawals are treated as taxable to the extent that they exceed your basis in the policy.
Withdrawals that reduce your cash surrender value could cause your premiums to increase in order to maintain the same death benefit; otherwise, the policy
could lapse.
If your policy has been classified as an MEC, withdrawals generally are taxed according to the rules applicable to annuities - cash disbursements are
considered to be made from interest first and are subject to income tax and possibly the 10% early-withdrawal penalty if you're under age 59.5 at the time of
the withdrawal.
Loans
Most cash-value policies allow you to borrow money from the issuer using your cash-accumulation account as collateral. Depending on the terms of the
policy, the loan might be subject to interest at varying rates; however, you are not obligated to financially "qualify" for the loan. The amount you can borrow is
based on the value of the policy's cash-accumulation account and the contract's terms
The good news is that borrowed amounts from non-MEC policies are not taxable, and you don't have to make payments on the loan, even though the
outstanding loan balance might be accruing interest.
The bad news is that loan balances generally reduce your policy's death benefit, meaning your beneficiaries might receive less than you intended. Also, an
unpaid loan that is accruing interest reduces your cash value, which can cause the policy to lapse if insufficient premiums are paid to maintain the death
benefit. If the loan is still outstanding when the policy lapses or if you later surrender the insurance, the borrowed amount becomes taxable to the extent the
cash value (without reduction for the outstanding loan balance) exceeds your basis in the contract.
Policy loans from a policy that is considered an MEC are treated as distributions, meaning the amount of the loan up to the earnings in the policy will be
taxable and could also be subject to the pre-59.5 early-withdrawal penalty
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a
possible source of funds - but should you tap into it?
There are certainly some drawbacks to using life insurance to meet immediate cash needs, especially if you're compromising your long-term goals or your
family's financial future. Nevertheless, if other options are not available, life insurance, especially cash-value life insurance, can be a source of needed
income
Methods of Accessing Cash
Cash-value life insurance, such as whole life and universal life, builds reserves through excess premiums plus earnings. These deposits are held in a
cash-accumulation account within the policy.
Cash-value life insurance offers the opportunity to access cash accumulations within the policy either through withdrawals, policy loans, or partial or full
surrender of the policy. Another alternative involves selling your policy for cash, a method known as a life settlement.
Be sure to bear in mind that although cash from the policy might be useful during stressful financial times, you could face unwanted consequences
depending on the method you use to access the funds.
Withdrawals
Generally, it is possible to withdraw limited amounts of cash from a life insurance policy. The amount available differs based on the type of policy you own
and the company issuing it. The main advantage of cash-value withdrawals is that they are not taxable up to your policy basis, as long as your policy is not
classified as a modified endowment contract (MEC).
However, cash-value withdrawals can have unexpected or unrealized consequences:
Withdrawals that reduce your cash value could cause a reduction of your death benefit - a potential source of funds you might need for income replacement,
business purposes or wealth preservation.
Cash-value withdrawals are not always received income-tax free. For example, if you take a withdrawal during in the first 15 years of the policy and the
withdrawal causes a reduction in the policy's death benefit, some or all of the withdrawn cash could be subject to taxation.
Withdrawals are treated as taxable to the extent that they exceed your basis in the policy.
Withdrawals that reduce your cash surrender value could cause your premiums to increase in order to maintain the same death benefit; otherwise, the policy
could lapse.
If your policy has been classified as an MEC, withdrawals generally are taxed according to the rules applicable to annuities - cash disbursements are
considered to be made from interest first and are subject to income tax and possibly the 10% early-withdrawal penalty if you're under age 59.5 at the time of
the withdrawal.
Loans
Most cash-value policies allow you to borrow money from the issuer using your cash-accumulation account as collateral. Depending on the terms of the
policy, the loan might be subject to interest at varying rates; however, you are not obligated to financially "qualify" for the loan. The amount you can borrow is
based on the value of the policy's cash-accumulation account and the contract's terms
The good news is that borrowed amounts from non-MEC policies are not taxable, and you don't have to make payments on the loan, even though the
outstanding loan balance might be accruing interest.
The bad news is that loan balances generally reduce your policy's death benefit, meaning your beneficiaries might receive less than you intended. Also, an
unpaid loan that is accruing interest reduces your cash value, which can cause the policy to lapse if insufficient premiums are paid to maintain the death
benefit. If the loan is still outstanding when the policy lapses or if you later surrender the insurance, the borrowed amount becomes taxable to the extent the
cash value (without reduction for the outstanding loan balance) exceeds your basis in the contract.
Policy loans from a policy that is considered an MEC are treated as distributions, meaning the amount of the loan up to the earnings in the policy will be
taxable and could also be subject to the pre-59.5 early-withdrawal penalty
 |  |  |  |  |  |  |  |
 | |  | |  | |  | |  | |  | |  | |  |
 | |  | |  | |  | |  | |  | |  | |  |
..Life Insurance Advantages,
Benefits, & Features While
Alive and After Death... Learn
More Here!
..Insurance General
Information: Ways to Make
Money & Save Money on
Your Insurance. Learn More...
..Term Insurance
Advantages, Term Insurance
General Knowledge. Buy the
Term, and invest the
difference. Learn More...
..Life Insurance Quote. Find
out if You Pay too much for
Your Insurance, Or Check
How Much You Can Pay For
a Life Insurance...
..Investment Products:
Investing & Money
Management Basics.
FINANCIAL SOLUTIONS,
TOOLS & RESOURCES.
LEARN MORE...
Insurance Products: How to
make profits with the
insurance companies?
Learn More.
..Five Insurance Policies
Everyone Should Have
Protecting your most important
assets is an important step in
creating a solid personal
financial plan. The right
insurance policies will go a
long way toward helping you
safeguard your earning power
and your possessions
THE IMPORTANCE OF
INSURANCE IN SOMEONE'S
LIFE!
Your Financial Plan; Insurance
is an important element of any
sound financial plan
Different types of insurance
protect you and your loved ones
in different ways against the
cost of accidents, illness,
disability, and death.
INSURANCE KNOWLEDGE
LIFE INSURANCE
ADVANTAGES, FEATURES AND
BENEFITS WHILE ALIVE AND
AFTER DEATH. INSURANCE
GENERAL KNOWLEDGE,
GLOBAL INSURANCE
INFORMATION FOR BETTER
CHOICES, BETTER DECISION,
BETTER GUARANTEE AND
BETTER SATISFACTION. LEARN
MORE HERE...
..HOW TO OBTAIN AN
INSURANCE LICENSE, AND
GET HIRED, START WORKING
IMMEDIATELY WITH ONE OF
THE GREATEST INSURANCE
COMPANY IN THE WORLD?
FREE INSURANCE SCHOOL,
FREE COURSE, FREE
TRAINING, FREE FINGERPRINT,
FREE BOOKS FOR THOSE WHO
LIVE IN MIAMI DADE AND
BROWARD COUNTY FLORIDA.
LEARN MORE HERE...
Life Insurance
Life insurance, payable when
you die, can provide a
surviving spouse, children, and
other dependents with the funds
necessary to maintain their
standards of living, can help
repay debt, and can fund
education tuition costs.
LIFE INSURANCE QUOTE.
LEARN MORE..
the least amount of coverage,
and vice versa.
Ways to Reduce Your Life
Insurance Premium
While you can't do anything
about two of the three main
factors affecting your insurance
premium (age and family
medical history), there are
steps you can take regarding
the third - lifestyle. You could
lower your insurance premium
if you:
Benefits, & Features While
Alive and After Death... Learn
More Here!
..Insurance General
Information: Ways to Make
Money & Save Money on
Your Insurance. Learn More...
..Term Insurance
Advantages, Term Insurance
General Knowledge. Buy the
Term, and invest the
difference. Learn More...
..Life Insurance Quote. Find
out if You Pay too much for
Your Insurance, Or Check
How Much You Can Pay For
a Life Insurance...
..Investment Products:
Investing & Money
Management Basics.
FINANCIAL SOLUTIONS,
TOOLS & RESOURCES.
LEARN MORE...
Insurance Products: How to
make profits with the
insurance companies?
Learn More.
..Five Insurance Policies
Everyone Should Have
Protecting your most important
assets is an important step in
creating a solid personal
financial plan. The right
insurance policies will go a
long way toward helping you
safeguard your earning power
and your possessions
THE IMPORTANCE OF
INSURANCE IN SOMEONE'S
LIFE!
Your Financial Plan; Insurance
is an important element of any
sound financial plan
Different types of insurance
protect you and your loved ones
in different ways against the
cost of accidents, illness,
disability, and death.
INSURANCE KNOWLEDGE
LIFE INSURANCE
ADVANTAGES, FEATURES AND
BENEFITS WHILE ALIVE AND
AFTER DEATH. INSURANCE
GENERAL KNOWLEDGE,
GLOBAL INSURANCE
INFORMATION FOR BETTER
CHOICES, BETTER DECISION,
BETTER GUARANTEE AND
BETTER SATISFACTION. LEARN
MORE HERE...
..HOW TO OBTAIN AN
INSURANCE LICENSE, AND
GET HIRED, START WORKING
IMMEDIATELY WITH ONE OF
THE GREATEST INSURANCE
COMPANY IN THE WORLD?
FREE INSURANCE SCHOOL,
FREE COURSE, FREE
TRAINING, FREE FINGERPRINT,
FREE BOOKS FOR THOSE WHO
LIVE IN MIAMI DADE AND
BROWARD COUNTY FLORIDA.
LEARN MORE HERE...
Life Insurance
Life insurance, payable when
you die, can provide a
surviving spouse, children, and
other dependents with the funds
necessary to maintain their
standards of living, can help
repay debt, and can fund
education tuition costs.
LIFE INSURANCE QUOTE.
LEARN MORE..
the least amount of coverage,
and vice versa.
Ways to Reduce Your Life
Insurance Premium
While you can't do anything
about two of the three main
factors affecting your insurance
premium (age and family
medical history), there are
steps you can take regarding
the third - lifestyle. You could
lower your insurance premium
if you:
| LICENSED INSURANCE AGENT AT: 786-631-7740 FOR INSURANCE GENERAL INFORMATION. LICENSED REAL ESTATE AGENT AT: 786- FOR REAL ESTATE COMPLETE ADVICE & INFORMATION. BUYING SELLING & LEASING |
| BUYING, SELLING, LEASING A REAL STATE PROPERTY IN SOUTH FLORIDA IS THE AFFAIR OF A LICENSED REAL ESTATE PROFESSIONAL. CALL ANTONY AT: 786-631-7740 FOR A COMPLETE REAL ESTATE SERVICE! |
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LIFE INSURANCE
Who needs life insurance?
Pretty much everybody; do not count only on employment life
insurance, insufficient coverage always, if you leave the job you
loss coverage.
If there are individuals who depend on you for financial support,
or if you work at home providing for your family, you need life
insurance. ---knowledgefinancial.com
Older couples also may need life insurance to protect a
surviving spouse against the possibility of the couple's
retirement savings being depleted by unexpected medical
expenses.
And individuals with substantial assets may need life insurance
to help reduce the effects of estate taxes or to transfer wealth
to future generations. --MIAMI DADE, BROWARD COUNTY FL.
CALL THE AGENT AT: 786-
www.knowledgefinancial.com
Who needs life insurance?
Pretty much everybody; do not count only on employment life
insurance, insufficient coverage always, if you leave the job you
loss coverage.
If there are individuals who depend on you for financial support,
or if you work at home providing for your family, you need life
insurance. ---knowledgefinancial.com
Older couples also may need life insurance to protect a
surviving spouse against the possibility of the couple's
retirement savings being depleted by unexpected medical
expenses.
And individuals with substantial assets may need life insurance
to help reduce the effects of estate taxes or to transfer wealth
to future generations. --MIAMI DADE, BROWARD COUNTY FL.
CALL THE AGENT AT: 786-
www.knowledgefinancial.com
LIFE INSURANCE
Life insurance is an important component of a sound
financial plan. Buying insurance involves asking a variety
of personal lifestyle and financial questions.
---knowledgefinancial.com
If you are not already working with an insurance
professional, you may want to consider the advice of
professional agent, and advisor who can offer you an
objective review of your insurance options.
Life insurance is an important component of a sound
financial plan. Buying insurance involves asking a variety
of personal lifestyle and financial questions.
---knowledgefinancial.com
If you are not already working with an insurance
professional, you may want to consider the advice of
professional agent, and advisor who can offer you an
objective review of your insurance options.
LIFE INSURANCE
Life insurance planning with and Agent who knows the market
When you begin your life insurance search with us, as your advisor We will guide you through every step of the process. Working together, you will:
1. Define the role of life insurance in your financial plan. -----knowledgefinancial.com
2. Explore what matters most to you.
3. Assess your coverage needs. You and the Agent / Advisor will figure out how much life insurance you need
.MIAMI DADE, BROWARD COUNTY FL.
Life insurance planning with and Agent who knows the market
When you begin your life insurance search with us, as your advisor We will guide you through every step of the process. Working together, you will:
1. Define the role of life insurance in your financial plan. -----knowledgefinancial.com
2. Explore what matters most to you.
3. Assess your coverage needs. You and the Agent / Advisor will figure out how much life insurance you need
.MIAMI DADE, BROWARD COUNTY FL.
Life insurance --- SOUTH FLORIDA CALL A REPRESENTATIVE
Can help you plan your estate and secure the future of those who matter to you most by shielding them from the financial consequences of your
death. Insurance proceeds are income tax-free and are paid directly to your beneficiaries. Because the process bypasses probate, it saves time
and money. ----knowledgefinancial.com
Why is life insurance important?
Life insurance is an effective and efficient way to help those you care about to maintain their quality of life, repay debt and fund education in the
event of an untimely death
Can help you plan your estate and secure the future of those who matter to you most by shielding them from the financial consequences of your
death. Insurance proceeds are income tax-free and are paid directly to your beneficiaries. Because the process bypasses probate, it saves time
and money. ----knowledgefinancial.com
Why is life insurance important?
Life insurance is an effective and efficient way to help those you care about to maintain their quality of life, repay debt and fund education in the
event of an untimely death
Insurance information
Learn about life insurance basics and other types of insurance, and
explore how to protect what's important as part of your financial plan.
LIFE INSURANCE:
It's essential to protect those who matter most to you from financial
hardship in the event of your death.
That's one of the reasons life insurance is considered a necessity for
parents with young children. Life insurance pays an income-tax- free
death benefit directly to your beneficiaries and helps ensure they have
adequate funds to meet their living expenses and other future goals,
such as college education and retirement.
Learn about life insurance basics and other types of insurance, and
explore how to protect what's important as part of your financial plan.
LIFE INSURANCE:
It's essential to protect those who matter most to you from financial
hardship in the event of your death.
That's one of the reasons life insurance is considered a necessity for
parents with young children. Life insurance pays an income-tax- free
death benefit directly to your beneficiaries and helps ensure they have
adequate funds to meet their living expenses and other future goals,
such as college education and retirement.
Life insurance, Buying life insurance:
What kind & how much?
Life insurance solutions can help you plan your estate
and secure the future of those who matter to you
most by shielding them from the financial
consequences of your death.
Insurance proceeds are income tax-free and are paid
directly to your beneficiaries. Because the process
bypasses probate, it saves time and money.
What kind & how much?
Life insurance solutions can help you plan your estate
and secure the future of those who matter to you
most by shielding them from the financial
consequences of your death.
Insurance proceeds are income tax-free and are paid
directly to your beneficiaries. Because the process
bypasses probate, it saves time and money.
We know it's difficult to imagine a time when you won't be there to help provide for your family.
That's why .www.knowledgefinancial.com has gathered info of Life insurance products*
designed to help at any stage of life.
--------
Conventional wisdom says that life insurance is sold, not purchased. In other words, some
people are reluctant to discuss the importance of owning life insurance, and others are simply
unaware of the need to have life insurance.
-------------------
Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in
your absence and also provides periodic income, which takes care of temporary needs
---------------------------------
However, in order to make sure that your life insurance policy will provide for you family when
you can't, you need to understand the product you are buying. ------knowledgefinancial.com
That's why .www.knowledgefinancial.com has gathered info of Life insurance products*
designed to help at any stage of life.
--------
Conventional wisdom says that life insurance is sold, not purchased. In other words, some
people are reluctant to discuss the importance of owning life insurance, and others are simply
unaware of the need to have life insurance.
-------------------
Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in
your absence and also provides periodic income, which takes care of temporary needs
---------------------------------
However, in order to make sure that your life insurance policy will provide for you family when
you can't, you need to understand the product you are buying. ------knowledgefinancial.com
Life insurance is a wealth-generating tool - it eases your
surviving family's financial burdens in your absence and
also provides periodic income, which takes care of
temporary needs
However, in order to make sure that your life insurance
policy will provide for you family when you can't, you
need to understand the product you are buying.
---knowledgefinancial.com
SOUTH FLORIDA, TALK TO A LICENSED AND
EXPERIENCED AGENT AT 786-631-7740
surviving family's financial burdens in your absence and
also provides periodic income, which takes care of
temporary needs
However, in order to make sure that your life insurance
policy will provide for you family when you can't, you
need to understand the product you are buying.
---knowledgefinancial.com
SOUTH FLORIDA, TALK TO A LICENSED AND
EXPERIENCED AGENT AT 786-631-7740
LIFE INSURANCE
Who needs life insurance?
Pretty much everybody; do not count only on employment life insurance, insufficient coverage always, if you leave the job you loss coverage.
--------knowledgefinancial.com
If there are individuals who depend on you for financial support, or if you work at home providing for your family, you need life insurance.
Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted
by unexpected medical expenses.
And individuals with substantial assets may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future
generations. ----------knowledgefinancial.com
Who needs life insurance?
Pretty much everybody; do not count only on employment life insurance, insufficient coverage always, if you leave the job you loss coverage.
--------knowledgefinancial.com
If there are individuals who depend on you for financial support, or if you work at home providing for your family, you need life insurance.
Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted
by unexpected medical expenses.
And individuals with substantial assets may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future
generations. ----------knowledgefinancial.com
Points to Remember
Term insurance is basic, inexpensive coverage with
premiums that increase over time and have no cash
value.
Consider a term policy that is renewable and convertible
to a permanent type of life insurance policy, such as
whole life or universal life, should your needs change.
Whole life provides level coverage with level premiums.
A portion of those premiums goes into tax-deferred
savings.
Variable life offers control over your investments.
Premiums on variable policies are fixed, but face value
and the value of your investments can fluctuate.
Universal life is highly flexible, but is sensitive to interest
rate changes. Universal variable life offers more
investment options but fewer guarantees.
Insurance needs are based on income replacement and
personal preferences. ------knowledgefinancial.com
Term insurance is basic, inexpensive coverage with
premiums that increase over time and have no cash
value.
Consider a term policy that is renewable and convertible
to a permanent type of life insurance policy, such as
whole life or universal life, should your needs change.
Whole life provides level coverage with level premiums.
A portion of those premiums goes into tax-deferred
savings.
Variable life offers control over your investments.
Premiums on variable policies are fixed, but face value
and the value of your investments can fluctuate.
Universal life is highly flexible, but is sensitive to interest
rate changes. Universal variable life offers more
investment options but fewer guarantees.
Insurance needs are based on income replacement and
personal preferences. ------knowledgefinancial.com
| ..State Insurance Departments for all 50 States.. REQUEST INSURANCE INFORMATION, PLACE A COMPLAINT, CHECK ON AN INSURANCE COMPANY, CHECK INSURANCE LICENSES, FIND QUALIFIED AGENTS, FIND LOCATION ETC. - -..Life Insurance Advantages, Benefits, & Features While Alive and After Death... Learn More Here! ..Insurance General Information: Ways to Make Money & Save Money on Your Insurance. Learn More... ..Term Insurance Advantages, Term Insurance General Knowledge. Buy the Term, and invest the difference. Learn More... ..Life Insurance Quote. Find out if You Pay too much for Your Insurance, Or Check How Much You Can Pay For a Life Insurance... ..Investment Products: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... Insurance Products: How to make profits with the insurance companies? Learn More. NSURANCE KNOWLEDGE LIFE INSURANCE ADVANTAGES, FEATURES AND BENEFITS WHILE ALIVE AND AFTER DEATH. INSURANCE 101: EVERYTHING YOU NEED TO KNOW ABOUT INSURANCE. LEARN HOW WIN THE INSURANCE GAME... -National Association of Insurance Commissioners (NAIC) The NAIC is the organization of state insurance regulators for all 50 of the United States, Washington D.C., and five U.S. Territories. -Florida Office of Insurance Regulation The Office serves Floridians through its responsibilities for regulation, compliance and enforcement of statutes related to the business of insurance. -Florida's Department of Financial Services Resources for Florida’s citizens,, Unclaimed Property, Consumer Help for Florida’s insurance consumers |
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Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE AT: 786-631-7740
Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents
with the funds necessary to maintain their standards of living, can help repay debt, and
can fund education tuition costs. The amount you need depends on your situation. If you make $100,000 a
year, have a sizable mortgage, and have two kids headed to an expensive college.
-------KNOWLEDGEFINANCIAL.COM
Talk with an insurance Representative who offers policies from companies whose financial
strength is ranked high by rating agencies.
Life Insurance
A protection against the loss of income that would result if the insured No Longer Exist. The named
beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the absent of
the insured. --------KNOWLEDGEFINANCIAL.COM
The goal of life insurance is to provide a measure of financial security for your family after you die. So,
before purchasing a life insurance policy, you should consider your financial situation and the standard of
living you want to maintain for your dependents or survivors.
It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event
like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or
business.
Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents
with the funds necessary to maintain their standards of living, can help repay debt, and
can fund education tuition costs. The amount you need depends on your situation. If you make $100,000 a
year, have a sizable mortgage, and have two kids headed to an expensive college.
-------KNOWLEDGEFINANCIAL.COM
Talk with an insurance Representative who offers policies from companies whose financial
strength is ranked high by rating agencies.
Life Insurance
A protection against the loss of income that would result if the insured No Longer Exist. The named
beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the absent of
the insured. --------KNOWLEDGEFINANCIAL.COM
The goal of life insurance is to provide a measure of financial security for your family after you die. So,
before purchasing a life insurance policy, you should consider your financial situation and the standard of
living you want to maintain for your dependents or survivors.
It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event
like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or
business.
| TALK TO A FLORIDA LICENSED INSURANCE AGENT BY CALLING AT: 786- TALK TO A FLORIDA LICENSED REAL ESTATE AGENT AT: 786-709- TALK TO A FLORIDA LICENSED MORTGAGE BROKER AT: 786- FOR REAL ESTATE FINANCING & REFINANCING. |
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| WHY YOU SHOULD HAVE A LIFE INSURANCE POLICY? WHAT ARE THE FEATURES, ADVANTAGES, AND BENEFITS OF LIFE INSURANCE WHILE ALIVE AND AFTER DEATH? -------------KNOWLEDGEFINANCIAL.COM 1. Replace income for dependents If people depend on your income, life insurance can replace that income for them if you're no longer present. Assure your family a better future. Pay college for kids, Pay the Debts. South FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE AT: 786 Most importantly for parents with young children. However, it can also apply to couples in which the survivor would be financially stricken by the income lost through the death of a partner, and to dependent adults. ------------KNOWLEDGEFINANCIAL.COM 2. Pay final expenses Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts, taxes, bills, college for kids, and medical expenses not covered by health insurance. --------- SOUTH FLORIDA, CALL ANTHONY THE INSURANCE REPRESENTATIVE AT: 786- -In Life There Are -2- Two Things: Whether You Live Older, or You Die Younger. Be Properly Protected Just in Case if You Die Younger to Minimize the Financial Trouble for Your Love One. KNOWLEDGEFINANCIAL.COM Stop, Avoid Your Love One From Calling Friends, and other Family Members for Contribution. Protect Your Dignity! Stop, Avoid Your Love One From Going to Radios, Television to Beg for Help. Create the Peace of Mind You Deserve! -- KNOWLEDGEFINANCIAL.COM 3. Life Insurance Can Help You Stop your family, Your love one from crying twice. #1- Because you gone, #2 Because of the problems, Financial trouble you left behind. In life there are -2- two things: whether you live older, or you die younger. Be Properly protected just in case if you die younger to minimize the financial trouble for your love one. 4. Create an inheritance for your heirs Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries. -----------------KNOWLEDGEFINANCIAL.COM South FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE WITH NO OBLIGATION AT: 786- 5. Create the money needed to Pay federal “death” taxes and state “death” taxes Life insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance. -----------------knowledgefinancial.com 6. Create a source of savings Some types of life insurance create a cash value that can be borrowed or withdrawn on the owner’s request. -- South FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE NO OBLIGATION AT: 786- --Even better if you buy term life insurance not expensive but very good, and invest the difference. At withdrawal; you don't have to borrow, or to pay interest . The plan pays you interest. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan. Furthermore, the interest credited is tax deferred (and tax exempt if the money is paid as a death claim). --But Term Life Insurance With a Separate Investment Plan is the Best. BUY THE LOW COST TERM, AND INVEST THE DIFFERENCE AT HIGHER INTEREST RATE, BECOME FINANCIALLY INDEPENDENT. South FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE AT: 786- -----------------KNOWLEDGEFINANCIAL.COM 7. ADVANTAGE OF LIFE INSURANCE Accelerated Death Benefit - ADB-- Provision KNOWLEDGEFINANCIAL.COM-- EXPLAINS A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. RECEIVE BIG CASH WHILE SICK & ALIVE. ISN'T IT A GREAT THING? ----------KNOWLEDGEFINANCIAL.COM 8. ADVANTAGES & BENEFITS OF LIFE INSURANCE Waiver Of Premium Provision KNOWLEDGEFINANCIAL.COM-- EXPLAINS: A clause in an insurance policy that waives the policyholder's obligation to pay any further premiums should he or she become seriously ill or disabled, terminally ill. A waiver of premium allows people to benefit from an insurance policy, even when they cannot work. "SO WHY NOT HAVING A LIFE INSURANCE POLICY"? --- South FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE AT: 786- www.knowledgefinancial.com 9- Life Insurance can allow you to create inheritance for yourself if you buy life insurance on your parents. 10- Life Insurance gives you peace of mind, -- "WORRY LESS" 11- TAX ADVANTAGES, OHHH YES LIFE INSURANCE HAS A LOT OF TAX ADVANTAGES TO PROFIT FROM... SEE BELOW THE PAGE! - Only Life Insurance can do all of these things!!! Establish Financial Security, Cover and protect you, your family, why not your parents... knowledgefinancial.com |
| AFFORDABLE LIFE INSURANCE: BEST PRICES, BEST PLAN, WITH THE BEST COMPANY. WE HELP PEOPLE WITH [2] TWO HANDS.. WE OFFER LIFE INSURANCE IN ONE HAND & AN INVESTMENT PLAN IN THE OTHER HAND. #1. LIFE INSURANCE: BECAUSE.. In Life There Are -2- Two Things: Whether You Live Older, or You Die Younger. Be Properly Protected Just in Case if You Die Younger to Minimize the Financial Trouble for Your Love One. KNOWLEDGEFINANCIAL.COM Stop, Avoid Your Love One From Calling Friends, and other Family Members for Contribution to cover burial costs. -- Protect Your Dignity! SOUTH FLORIDA, CALL ANTHONY THE REPRESENTATIVE AT: 786- -- Life Insurance Can Help You Stop your family, Your love one from crying twice. #1- Because you gone, #2 Because of the problems, Financial trouble you left behind. ------------------------- .In Life There Are -2- Two Things: Whether You Live Older, -- or You Die Younger. #2. JUST IN CASE YOU LIVE OLDER In the Other Hand; WE OFFER AN INVESTMENT PLAN. BUY THE LOW COST TERM, AND INVEST THE DIFFERENCE AT HIGHER INTEREST RATE, BECOME FINANCIALLY INDEPENDENT; CREATE THE MONEY NEEDED FOR HOME HEALTH CARE, DOCTORS, NURSES AID, COMPANIONSHIP, VACATION, RENT OR MORTGAGE AND OTHER BILLS. SOUTH FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE WITH NO OBLIGATION AT: 786- |
-The Income-Tax Treatment of Life
Insurance. LEARN MORE... /
ADVANTAGES OF A LIFE INSURANCE
POLICY.-
-It is important to know how certain tax
benefits come into play with death
proceeds and living benefits.-
Historically, life insurance has been considered
beneficial to the public good because it contributes to the
financial well-being of families. As a result, there are
certain tax benefits for life insurance products. It is
important to know how these come into play with the
death proceeds and living benefits of an individual life
insurance contract.
Premiums: Policy premiums are considered a
personal expense and are not deductible for income-tax
purposes. Exceptions to this include premiums that a
person paid for life insurance in an alimony agreement or
for a policy that is owned by and paid to a charity.
In business situations, employers may deduct premiums
as a business expense if they are paid in the form of a
bonus to the employee. If life insurance is part of a
pension plan, employer-paid premiums are deductible.
Death benefits: Death proceeds are generally
exempt from income
taxation when they are paid in a lump sum.
Accelerated death benefits: For an insured who
is terminally ill, the amounts he receives are excludible
from income because they areconsidered as payable by
reason of the death of the insured. A physician must
certify the terminal illness, which must be expected to
result in death within 24 months.
Transfer for value: When a policy is
transferred for valuable
consideration (according to the IRS, any absolute
transfer for value of a right to receive all or a part of the
proceeds of a life insurance policy) to another owner,
part of the death benefit becomes taxable.
The taxable amount is the death benefit reduced by the
amount paid to transfer the policy and the premiums
made by the new owner. Transactions exempt from this
rule include situations in which the policy is sold to the
insured.
Matured life contracts: When a policy reaches the
maturity date, the
proceeds are not considered a death benefit, and any
gains in the policy are considered ordinary income for the
tax year in which they are distributed. Gains are amounts
received in excess of the cost basis, the amount paid
with after-tax money.
Dividends: The cash dividend is taxable
only when it exceeds the cost
basis. Dividends are generally taxed on a first-in
first-out, or FIFO, basis; withdrawals are treated as a
nontaxable return of capital (refund of premium) to the
extent of the premiums paid. If dividends are withdrawn
or the policy is surrendered, proceeds received in
excess of premiums paid are considered ordinary
income. If dividends accumulate at interest, the interest
earned is
taxable.
Loans: Policy loans are normally not taxable. If a
policy is surrendered with a loan outstanding, and if that
loan, with other cash value, is greater than the cost
basis, there is a taxable gain.
Cash surrenders: Upon surrender, it must be
determined if the amount received exceeds the net
premiums paid. Net premiums paid means the gross
premium less any dividends received and outstanding
loans. The difference is reportable as ordinary taxable
income in the year it is received
Insurance. LEARN MORE... /
ADVANTAGES OF A LIFE INSURANCE
POLICY.-
-It is important to know how certain tax
benefits come into play with death
proceeds and living benefits.-
Historically, life insurance has been considered
beneficial to the public good because it contributes to the
financial well-being of families. As a result, there are
certain tax benefits for life insurance products. It is
important to know how these come into play with the
death proceeds and living benefits of an individual life
insurance contract.
Premiums: Policy premiums are considered a
personal expense and are not deductible for income-tax
purposes. Exceptions to this include premiums that a
person paid for life insurance in an alimony agreement or
for a policy that is owned by and paid to a charity.
In business situations, employers may deduct premiums
as a business expense if they are paid in the form of a
bonus to the employee. If life insurance is part of a
pension plan, employer-paid premiums are deductible.
Death benefits: Death proceeds are generally
exempt from income
taxation when they are paid in a lump sum.
Accelerated death benefits: For an insured who
is terminally ill, the amounts he receives are excludible
from income because they areconsidered as payable by
reason of the death of the insured. A physician must
certify the terminal illness, which must be expected to
result in death within 24 months.
Transfer for value: When a policy is
transferred for valuable
consideration (according to the IRS, any absolute
transfer for value of a right to receive all or a part of the
proceeds of a life insurance policy) to another owner,
part of the death benefit becomes taxable.
The taxable amount is the death benefit reduced by the
amount paid to transfer the policy and the premiums
made by the new owner. Transactions exempt from this
rule include situations in which the policy is sold to the
insured.
Matured life contracts: When a policy reaches the
maturity date, the
proceeds are not considered a death benefit, and any
gains in the policy are considered ordinary income for the
tax year in which they are distributed. Gains are amounts
received in excess of the cost basis, the amount paid
with after-tax money.
Dividends: The cash dividend is taxable
only when it exceeds the cost
basis. Dividends are generally taxed on a first-in
first-out, or FIFO, basis; withdrawals are treated as a
nontaxable return of capital (refund of premium) to the
extent of the premiums paid. If dividends are withdrawn
or the policy is surrendered, proceeds received in
excess of premiums paid are considered ordinary
income. If dividends accumulate at interest, the interest
earned is
taxable.
Loans: Policy loans are normally not taxable. If a
policy is surrendered with a loan outstanding, and if that
loan, with other cash value, is greater than the cost
basis, there is a taxable gain.
Cash surrenders: Upon surrender, it must be
determined if the amount received exceeds the net
premiums paid. Net premiums paid means the gross
premium less any dividends received and outstanding
loans. The difference is reportable as ordinary taxable
income in the year it is received
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--Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE
AT: 786-631-7740 --
Life insurance is a wealth-generating tool - it eases your
surviving family's financial burdens in your absence and
also provides periodic income, which takes care of family
needs.
Life insurance payable, can provide a surviving spouse,
children, and other dependents with the funds necessary
to maintain their standards of living, can help repay debt,
and and fund education tuition costs.
-------KNOWLEDGEFINANCIAL.COM
Talk with an insurance Representative who offers
policies from companies whose financial strength is
ranked high by rating agencies.
Life Insurance
A protection against the loss of income that would result
if the insured No Longer Exist. The named beneficiary
receives the proceeds and is thereby safeguarded from
the financial impact of the absent of the insured.
--------KNOWLEDGEFINANCIAL.COM
The goal of life insurance is to provide a measure of
financial security for your family So, before purchasing a
life insurance policy, you should consider your financial
situation and the standard of living you want to maintain
for your dependents or survivors.
It is prudent to re-evaluate your life insurance policies
annually or when you experience a major life event like
marriage, divorce, the birth or adoption of a child, or
purchase of a major item such as a house or business.
AT: 786-631-7740 --
Life insurance is a wealth-generating tool - it eases your
surviving family's financial burdens in your absence and
also provides periodic income, which takes care of family
needs.
Life insurance payable, can provide a surviving spouse,
children, and other dependents with the funds necessary
to maintain their standards of living, can help repay debt,
and and fund education tuition costs.
-------KNOWLEDGEFINANCIAL.COM
Talk with an insurance Representative who offers
policies from companies whose financial strength is
ranked high by rating agencies.
Life Insurance
A protection against the loss of income that would result
if the insured No Longer Exist. The named beneficiary
receives the proceeds and is thereby safeguarded from
the financial impact of the absent of the insured.
--------KNOWLEDGEFINANCIAL.COM
The goal of life insurance is to provide a measure of
financial security for your family So, before purchasing a
life insurance policy, you should consider your financial
situation and the standard of living you want to maintain
for your dependents or survivors.
It is prudent to re-evaluate your life insurance policies
annually or when you experience a major life event like
marriage, divorce, the birth or adoption of a child, or
purchase of a major item such as a house or business.
| Get a Free Life Insurance Quote With No Obligation. Low Cost Life Insurance, But Very Good Plan With One Of The Best, Largest Insurance Company.---- |
| AFFORDABLE LIFE INSURANCE: BEST PRICES, BEST PLAN, WITH THE BEST COMPANY. WE OFFER LIFE INSURANCE IN ONE HAND & AN INVESTMENT PLAN IN THE OTHER HAND. #1. LIFE INSURANCE: BECAUSE.. In Life There Are -2- Two Things: Whether You Live Older, or You Die Younger. Be Properly Protected Just in Case if You Die Younger to Minimize the Financial Trouble for Your Love One. KNOWLEDGEFINANCIAL.COM Stop, Avoid Your Love One From Calling Friends, and other Family Members for Contribution to cover burial costs. -- Protect Your Dignity! SOUTH FLORIDA, CALL ANTHONY THE REPRESENTATIVE AT: 786-631-7740 -- Life Insurance Can Help You Stop your family, Your love one from crying twice. #1- Because you gone, #2 Because of the problems, Financial trouble you left behind. ------------------------- BUY THE LOW COST TERM, AND INVEST THE DIFFERENCE AT HIGHER INTEREST RATE, BECOME FINANCIALLY INDEPENDENT; CREATE THE MONEY NEEDED FOR HOME HEALTH CARE, DOCTORS, NURSES AID, COMPANIONSHIP, VACATION, RENT OR MORTGAGE AND OTHER BILLS. SOUTH FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE WITH NO OBLIGATION AT: 786-631-7740 |
LOW COST LIFE INSURANCE, BUT VERY GOOD PLAN
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| Life Insurance Resource Center. Life insurance is like ice cream, it comes in lots of flavors, and like ice cream flavors, no form of life insurance is clearly better than the rest. It’s all about personal preference which, when it comes to life insurance, can have a great deal to do with individual circumstances. In most cases, the real danger surrounding life insurance is not having adequate coverage. Life insurance is like ice cream, it comes in lots of flavors, and like ice cream flavors, no form of life insurance is clearly better than the rest Participating Policy Contracts Insurance terminology can be intimidating and confusing but they don’t have to be. “Participating Policy Contract” is one of those terms that sounds a lot more complicated than it actually is. Breaking the term down will make it easier to understand. All insurance policies are contracts, which means they are agreements between the policy owner, you and the insurance company. The contract in this case boils down to this: you promise to pay a regular premium for a set amount of insurance, and the insurance company promises to pay the face value of the policy (contract) to your beneficiary upon your death. The participating part in this case refers to your participation in sharing in the profits of the insurance company. Participating policies are usually a whole life policy that pays dividends. The dividend is a portion of the insurance company’s profits that are paid to policyholders as if you were an investor or stockholder. The policyholder is generally offered several choices of what to do with the dividends when they are paid. Participating policies are usually a whole life policy that pays dividends Participating policy dividends may be used in a number of ways: •Taken as Cash – The insurer sends you a check for the amount of the dividend. •Premium Reduction – The amount of the dividend is deducted from your premium. •Savings – Dividends may be left with the insurance company to earn interest. •Purchase More Insurance – May be used to purchase additional paid up insurance. Guaranteed or Non-Guaranteed That is the Question Not all participating policies guarantee dividends! Dividends are shares of the insurance company’s profit, and as anyone who watches the stock market will tell you, profits go up and down, which means dividends can and will vary over time. Participating policies even from the same provider may be different, which is why it is very important to ask and read your contract. When companies guarantee a dividend, it usually means a higher premium – a portion of which is ultimately used to pay you. Participating policies even from the same provider may be different, which is why it is very important to ask and read your contract Good, Better, Best Not all insurance companies are created equal, and when you consider purchasing a participating policy, an important consideration should be the relative strength of the insurer. A.M. Best and Standard and Poor’s both employ analysts whose sole job is to watch over insurance companies and grade their performance. The higher a company’s rating, the more likely they will pay the projected dividends being offered. The difference between an A, AA and AAA rating may not be significant enough to sway you from choosing one insurer over another, but the differences may become substantial when you drift below an A rated provider |
''Insurance Knowledge:
Do You Know That ? Most Likely There Are
Two Kind Of Insurance Companies...
Stock Company & Mutual Company!
A mutual insurance company is an insurance
company owned entirely by its policyholders.
Any profits earned by a mutual insurance
company are either retained within the
company or rebated to policyholders in the
form of dividend distributions or reduced
future premiums.
Stock Company, in contrast, a stock
insurance company is owned by investors
who have purchased company stock; any
profits generated by a stock insurance
company are distributed to the investors
without necessarily benefiting the
policyholders
Do You Know That ? Most Likely There Are
Two Kind Of Insurance Companies...
Stock Company & Mutual Company!
A mutual insurance company is an insurance
company owned entirely by its policyholders.
Any profits earned by a mutual insurance
company are either retained within the
company or rebated to policyholders in the
form of dividend distributions or reduced
future premiums.
Stock Company, in contrast, a stock
insurance company is owned by investors
who have purchased company stock; any
profits generated by a stock insurance
company are distributed to the investors
without necessarily benefiting the
policyholders
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