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Universal Life Insurance

February 25, 2011 by  
Filed under Featured, Permanent Life Insurance

Universal Life is a type of permanent  life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost […]

Whole Life Insurance Quotes

February 25, 2011 by  
Filed under Permanent Life Insurance

When you shop for life insurance, you’ve got two basic options: term or permanent life insurance. Term life insurance covers you for a specific period of time, usually 10, 15, 20 or 30 years. If you live past your policy’s term, there is no payout to your beneficiaries. Permanent life insurance, such as whole life, […]

1035 Transfer

February 25, 2011 by  
Filed under Other Types of Life Insurance

1035 refers to a provision in the tax code which allows for the direct transfer of accumulated funds in a life insurance policy, endowment policy, annuity policy to another life insurance policy, endowment policy or annuity contract without creating a taxable event. Title 26, Subtitle A, Chapter 1, Sub chapter O, Part III, Section 1035 […]

10 Year Term Insurance

February 25, 2011 by  
Filed under Term Life Insurance

10 year Term Life Insurance is the kind that gives you the most protection for your dollar. The premium will remain level for the full 10 year period. The premium is guaranteed not to increase and the coverage will not decrease during the 10 years. 10 year term insurance does not accumulate cash to pay premiums later when mortality cost […]

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