We're
standing by now to assist you with the low cost life insurance
quotes you need to fulfill your low cost life insurance
needs. Feel free to use our service to compare low cost life insurance
pricing from multiple cariers.
Search results provided by EuroSeek.com:
Results from search: http://www.iquote.com/types_of_insurance/types.html
Types of Life Insurance
[ TERM
] [ PERMANENT
] [ WHOLE
LIFE ] [ UNIVERSAL
] [ VARIABLE
]
With close to 2,000 companies selling life insurance, purchasing it can be terribly
confusing to say the least. To begin to comprehend the marketplace, you need to understand
more about the two basic types of life insurance plans: term and permanent.
TERM
INSURANCE
Generally, term insurance provides maximum coverage for the lowest initial
cost
because it pays a benefit only if you die during the term of the policy.
Term life insurance plays a vital role in proper financial planning. People who buy
term may do so for several reasons such as:
They have a temporary need which lends itself to a temporary solution, i.e., raising
children, education, paying off a mortgage, a business buy/sell agreement.
They have a permanent need for protection (such as liquidity for the purpose of paying
estate taxes), but since term is initially less expensive, it fits
better into their
current budget. These people might purchase a term life plan with the intention of
converting to permanent protection at a later date.
With level term insurance, the amount of your protection remains constant and the cost
of that protection increases at intervals, based on your pre-selected time periods. An
annual renewable term (ART) policy offers level coverage and a level premium for one year.
At the end of each year, the premium increases while the coverage remains constant. A
5-10-15-20 or 30-year term policy provides level protection for the time frame of the
policy. While ART premiums are initially lower, they increase
annually. As such, it soon becomes
more economical to secure term for longer periods if your need for
protection is greater than 4 years.
Generally, term policies can be renewed when you reach the end of a specified period of
time, which can be at the end of one year, 5 years, 10 years, 15 years, 20
years or even 30 years. The
premium rates increase at each renewal date, and many times, to qualify for the lowest
rates upon renewal, you are required to provide new evidence of insurability at
that time.
Term life premiums have been on a roller coaster during the last decade and promise to
stay that way for some time. Premiums have gone from $4 per $1,000 worth of coverage for a
35-year-old in the 1970's, to under $1 in the early 1980's. Rates leveled off in 1983, but
rose again in 1985. By the end of 1999, term rates hit an all time low as
carriers competed for Pre- Regulation Triple X market share. (see Triple
X press release ).
In fact, a 35 year old could get coverage for a 20 year term policy for
only .43 per Thousand. Today's rates are still much lower
than in the 80's and early 90's but have increased slightly due to
Regulation Triple X. The same 35 year old would now pay .55 per
Thousand for a similar guaranteed 20 year policy.
Regulation
Triple X
For years the National Association of Insurance
Commission has been trying to impose a new regulation on all life insurance
carriers called Triple X. But it wasn't until January 1, 2000 that the
association persuaded state legislatures to adopt and enforce the
regulation. Simply put, Triple X is a regulation that increases the
reserves companies need to set aside for possible future claims. This
additional reserve requirement has forced
insurance carriers to increase premiums.
What's Happened Since?
As noted earlier, life insurance rates were the lowest in history
nearing the end of 1999. Procrastinators made a mad dash to take
advantage of the deeply discounted rates before the new 2000 rates went
into effect. This rush caused most carriers to become overwhelmed
with the hordes of applications. One company increased their monthly
application load from averaging 8,000 applications per month to 22,000 in December. In some cases,
this flood of business allowed carriers to tighten down on applicants'
underwriting risk qualifications, which unfortunately bumped borderline
applicants into higher risk classifications. Underwriting processing
time also increased an average of 12% as carriers tried to process the
influx of new business.
Guarantees vs. "Trust Me" Policies
Perhaps the greatest fiasco created in the wake of
Triple X
was the onset of Non-Guaranteed policies. The Non-Guaranteed policies
were created to keep rates down for consumers yet allow carriers the
option of increasing rates should they need to. The Non-Guaranteed
rates of today are extremely low and nearly
identical to the Pre-Triple X guaranteed rates in 1999. However, it is
important to read the fine print to understand the subtle differences between
the Non-Guaranteed and Guaranteed contracts.
While the premiums for the guaranteed policies cost more (10% to 40%) than they did in 1999, the premiums
will be locked in - nothing can change them, they are contractually
guaranteed. On the other hand, a non-guaranteed policy
for a 20-year plan's premium might only be guaranteed for the first 5
or 10 years, depending on the company. After the initial guaranteed
period, the company has the contractual right to increase premiums to the
maximum amount printed in the policy, usually double the current
cost. This is known as a "trust me" policy. The
company in essence is stating, "we are charging this premium now, and
most likely, this will be the premium we will be charging for the entire
period. However , if we need to, we reserve the right to
increase your premiums after the initial guaranteed period."
PERMANENT INSURANCE
Permanent insurance provides level lifelong protection. As long as you pay the
premiums, the death benefit will always be there. Furthermore, you never have to medically
re-qualify
for permanent insurance like you do when you renew term insurance..
Most permanent policies have a feature known as "cash value" or "cash
surrender value." As you pay your premiums, the cash values accumulate on a
tax
deferred basis. There are a number of advantages in having this
cash value build up. For example:
You can cancel or "surrender" the policy -- in total or in part -- and
receive
the cash value as a lump sum of money. If you surrender your policy in the early years,
however, there may be little or no cash value.
If you need to stop paying premiums, you can use the cash value to continue your current
insurance protection for a specified period of time or to provide a lesser amount of
protection to cover you for as long as you live.
Usually, you may borrow from the insurance company, using the cash value in your life
insurance as collateral. Unlike loans from most financial institutions, the loan is not
dependent on credit checks or other restrictions. You ultimately must repay any loan with
interest or the borrowed amount will be deducted from the death benefit which goes to your
beneficiaries. Because this method of withdrawal is considered a loan,
it is an income tax-free transaction.
There are many types of permanent insurance, but the major ones are:
WHOLE LIFE OR ORDINARY LIFE
This is the most common type of permanent
insurance. The premiums for a whole life policy must be paid periodically in the exact
amount indicated in the policy. The premiums generally remain constant over the life
of
the policy.
UNIVERSAL LIFE OR
ADJUSTABLE LIFE
This variation of permanent life
insurance allows you, after your initial payment, to pay premiums at any time, in
virtually any amount, subject to certain minimums and maximums. You also can reduce or
increase the amount of the death benefit more easily than under a traditional whole life
policy. Premiums have maximum charges but are based on current mortality and interest
assumptions. The cash value and premium hinge on current interest
rates. Generally you can expect a rate of return between 5% to7%.
Most Universal Life policies have a guaranteed minimum return of around
4%, and in times of high interest rates, some policies have had returns of
over 10%.
VARIABLE LIFE
This type of permanent policy provides death benefits and
cash values that vary with the performance of an underlying portfolio of investments. You
can choose to allocate your cash value among a variety of mutual fund-like investments, at varying degrees
of risk. The cash value of a variable life policy is not guaranteed, and the policyholder
bears that risk. There are, however, usually a number of investment options to allow for
an individual to match his or her tolerance for risk.
Permanent life insurance may be more appropriate in some circumstances than term
insurance, because term insurance may become cost prohibitive or even unattainable as you
get older. Many people have a need for insurance beyond age 70 or 80 for
estate
liquidity and other permanent needs. Furthermore, term owners may discover they have a
need for insurance, but may not be able to re-qualify medically.
When selecting the type of coverage to purchase, remember that having the proper amount
of protection is your ultimate goal. You should first ask yourself, " How much do I need? "
Then ask yourself, "How much can I afford?"
Let's face the realities of the situation. Permanent insurance is going to require more
from your budget. For this reason, I will often recommend a term life insurance policy as
a good way to provide the nece s sary amount of protection needed. If you have surplus
income and find you still need life insurance, then this would be the right time to
consider permanent insurance.
Remember a widow or widower won't ask "What type of
policy was it, whole life or term?" He or she will want to know how much there is to
raise a family and to minimize any financial disaster.
[ Back to
Main Page ] [ Custom
Term
Quote ]
Copyright (C) 2000 InsuranceQuote Services,
Inc.
Results from search: http://www.e-term-life-insurance-quote-plus.com/
.
Results from search: http://www.piclife.com/
Pilot Insurance Center - Preferred Life Insurance for Pilots - by www.piclife.com
The Pilot Insurance Center: Your Best Choice for Low-Cost Life Insurance for Pilots
Pilots have special considerations when planning for life insurance. But life insurance agents and insurance underwriters typically lack the knowledge of aviation necessary to find the best and most cost-effective coverage for pilots.
The Pilot Insurance Center works directly with many of the nation's best insurance companies to develop exclusive underwriting guidelines-especially for our pilot clients.
Through the Pilot Insurance Center, pilots can obtain an accurate quote that considers their aviation activities. Most pilots can even qualify for coverage with "Preferred Rates" without any exclusion for aviation.
We've been mentioned extensively in the aviation press as the best place for pilots to shop for life insurance coverage. See what our clients have to say about our insurance services for pilots.
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
© 2002
Get A Quote . Life Insurance . About Us . News & Events . For Agents . Site Map . Contact Us . Home
Results from search: http://free-online-term-life-insurance-quotes.com/
Term Life Insurance Quotes: Compare and Save!
Term Life Insurance Quotes
Get FREE online quotes for affordable term life insurance from multiple vendors. Compare rates and save $$$! (See other pages for universal life , variable life , whole life , and burial insurance .)
Note: U.S. residents only! Visitors from Canada: Click here!
» AccuTerm
Uses the most advanced quoting system on the web, to offer the lowest, most accurate term life insurance rates available on the web, from top rated term life insurance companies. HIGHLY recommended!
Get a Quick Quote by answering only 8 simple questions
Answer a few more for highly accurate , reliable quotes
Truly level premiums that will not increase in the future
Each applicant gets a free, simplified physical exam
Get your FREE Term Life Insurance Quotes NOW!
» Quote Advantage
Get personalized, instant term life insurance quotes, and benefit from access to the web's largest term life insurance database . (Licensed to sell term life insurance in all U.S. states except HI.)
Get your FREE Term Life Insurance Quotes NOW!
» Eterm from Zurich Kemper Life
Designed to be the fastest, most convenient way to buy quality, low-cost term life insurance. Offered by Zurich Kemper Life, serving almost one million customers, and leaders in their field for more than 25 years.
Get your FREE Term Life Insurance Quotes NOW!
» FindMyInsurance
Instant access to low cost term life insurance quotes (over 300 products from top insurance companies) within seconds of your request.
Get your FREE Term Life Insurance Quotes NOW!
» 1st Insured
Lowest cost, simplest product available; ideal for families where protection is needed, but a minimum outlay of funds is necessary.
Get your FREE Term Life Insurance Quotes NOW!
» InsuranceFinder
Get free, fast quotes for your term life insurance needs.
Get your FREE Term Life Insurance Quotes NOW!
About Us / Privacy - Basics - Glossary - Links - News - Puzzle
Copyright (C) 2002 Free Online Term Life Insurance Quotes
[Bookmark us! (Ctrl-D)]
Life Insurance:
Term Life
Universal Life
Variable Life
Whole Life
Burial
Other Insurance:
Auto Insurance
Health Insurance
Insurance Quotes
Long Term Care
Partner Sites:
Credit Cards
Discount Magazines
Hotel Reservations
Mortgages
Results from search: http://www.travelersmed.com/
Always low cost short term international medical travel insurance and trip cancellation travel insurance.
Medical Travel Insurance l
Trip Cancellation Travel Insurance l
Medical Evacuation Travel Insurance
l International Travel
Insurance l
Domestic Travel Insurance l
Immigration Insurance l
Identity Theft Protection l
Buy Online
TravelersMed.com
Serving the World with Low Cost Short Term Medical Travel
Insurance and Trip Cancellation Travel Insurance
Our
group of popular international travel insurance companies provides one of
the widest selections of low cost short term
international medical travel insurance and trip cancellation travel
insurance plans designed to meet your exact needs as a worldwide traveler.
There are primarily two
types of International and Domestic travel insurance plans available...
Trip Cancellation and Short Term Medical. To find your best
buy, 'click' on any of the colorful travel insurance company logos
shown directly below the type of travel insurance
that will best suit your needs... compare... and
then buy online!
Trip Cancellation policies are designed to
emphasize protection against Domestic and International trip
cancellations, interruptions and delays. These travel insurance plans
may also provide additional benefits including among others, limited emergency
travel medical expense and evacuation. Premiums are based upon age, length
of trip and trip cost.
To
view these Trip
Cancellation Insurance Companies and
their plans, "click here".
Short-term
International Medical insurance policies are designed to provide
up to $2,000,000 of travel medical care while out of your home
country. They may also provide additional benefits including among
others, emergency evacuation and repatriation, accidental death and
limited trip interruption. Premiums are based upon age, length of
coverage, maximum benefits and deductibles selected.
To
view these Medical
Travel Insurance Companies and
their plans, "click here"
or...
if you are looking specifically for...
Bed & Breakfast
Chambers
of Commerce
Financial
Home
Exchange & Rentals
Hotels
Insurance
Related
Language Aids
Maps
Online Shopping
Seniors /
Travel
Travel Aids
Tour
Companies
Travel
Related
Travel
Services
If you want to exchange travel related "Links".. "Click
Here"
TravelersMed.com
low cost Global Phone Card ...
" Click Here "
Medical
insurance for less than 15 days of travel... " Click
Here ".
Rental
Car Protection (U.S. and International)... "Click
Here"
I nternational
Term Life Insurance for individuals residing outside of the U.S. at
time of application.... "Click Here"
Protection
against "identity theft" ....
" Click Here "
Attention
Washington State residents : To get
immediate life insurance
quotes and apply directly online... "click"
on the Companies shown below
Banner
Life Ins. Co.
First Colony Life Ins Co.
First Penn Pacific Ins. Co.
We
invite your suggestions on how to improve this site and
make it even more 'user friendly' for you. Please 'click' Feedback.
E-Mail
Please include your
E-Mail address and/or telephone number on all correspondence
This Travelring
site is owned by: travelersmed.com
Visit: [ Next
Site | Previous
Site | Next
5 | Random
Site ]
Want to join
the Travelring? ?
Have you tried The
Tourism Companion ?
If you
like this site, tell a friend... "Click
Here"
TravelersMed.com is
fully owned and operated by Warren Peterson, Edmonds, WA, USA
Results from search: http://www.lifehealthhome.esmartweb.com/benefitplans/low.cost.life.insurance.html
low cost life insurance and more of low cost life insurance variable annuities
low cost life insurance! Insurance company provides annuity, life, disability insurance. Online agents will find the right product at the best possible price. Click here to Enter low cost life insurance all kinds of low cost life insurance totally online and available.So amazing low cost life insurance are here for your pleasure and great views. low cost life insurance usually prefer other low cost life insurance lovers, buthave been known to do it with low cost life insurance truly for great low cost life insurancedisplays. Still, you'll amazingly find low cost life insurance with other low cost life insuranceand more with low cost life insurance sides. Online low cost life insurance are well done,a great work for low cost life insurance lovers around the low cost life insurance world. Regrettably,low cost life insurance are seldom seen outside of low cost life insurance lands, as low cost life insuranceare jealous of any non low cost life insurance attempts to deliver their low cost life insuranceculture. Hence, the low cost life insurance song more great oh low cost life insurance as welook toward low cost life insurance land, low cost life insurance one and all, low cost life insurance areone band, Lest we forget low cost life insurance knowledge, let us join in low cost life insurancelove, not to be undecided, low cost life insurance love in low cost life insurance land. nakedwomen aren't snobbish, however, and non low cost life insurance are welcome to salesplay land without danger of low cost life insurance striking amazing low cost life insurancesite. In fact, the low cost life insurance samples of rooming encourage low cost life insuranceand non low cost life insurance alike to visit, as tourism makes up a great deal oflow cost life insurance seen. Low cost life insurance are, after all, lookalikes as only younow know how to be. All are similar to the low cost life insurance pages, a groupingof low cost life insurance lovers. The low cost life insurance site is represented by hotpages, low cost life insurance , low cost life insurance and low cost life insurance , More at low cost life insurancesection. home up life insurence companies variable life insurance life insurance physical benefit plans retirement annuity fixed annuity best insurance company ratings california auto insurance insurancemedical nevada health insurance quotes
Results from search: http://www.familydirectinsurance.com/smartterm/default.htm
Low-Cost Family Protection,Low-Cost Life Insurance
1-800-259-3430 SmartTerm.com A service mark of Family
Direct Insurance Services, Inc.
Save Up to 70%
Sample Rates
Request a Quote
About Us
Family Direct Insurance Services, Inc. 870
Glenn Drive Folsom, CA 95630 (916) 932-3210 Fax (916) 932-3269 E-mail
familyterm@fcisi.com
Results from search: http://insurance.about.com/cs/lifeinsurance/
Life Insurance
About > Industry & Business > Insurance Industry
Insurance Industry
with Deborah Ghose Your Guide to one of hundreds of sites Search in this topic on About on the Web in Products
Home ·
Articles ·
Forums ·
Chat ·
Free Newsletter
Subjects ESSENTIALS
· First Time Here? · The Big List · HIPAA · September 11 · State-by-State
JUST FOR YOU
Agents
Job Seekers
LINE-BY-LINE
Auto
Dental
Disability
Health
Life
Long Term Care
Reinsurance
RESEARCH
Company Ratings
Depts of Insurance
International
News
Research/Stats
ANCILLARY
Claims
Consultants
Hospital Industry
Quotes Online
Software
Associations
Glossaries
Risk & Actuarial
Subject Library All articles on this topic
Related Sites from About · Financial Planning
· Human Resources
· Small Business Information
About Also Recommends
·
Apply to become a partner for this site.
Stay up-to-date! Subscribe to our newsletter.
Advertising > Free Credit Report > Free Psychics
Life Insurance Guide picks Life Insurance Resources
Life Insurance Quote Sites
Links to a collection of term life quote sites, compiled by your About.com Insurance Industry Guide.
17 Minutes to Success
Life insurance sales training and consulting.
The American College
Offers the CLU, ChFC, RHU, and REBC designations, plus several insurance related degree programs. Insurance education at its best. Nicely designed site using a "folder" theme.
Association for Advanced Life Underwriting
Site has been updated to provide a wider variety of content. Has a members only section as well.
Certified Financial Planner
Board of Standards site for the CFP designation. Faq's, industry info, news, and info on how to get certified available.
ComFin
Community Financial Planning Services, Inc. They've put together a quite a bit of product info here under Free Services. 401(k) and 403(b) Planning Models, financial calculators, a guide to annuities, and other articles on life insurance and financial services.
Coventry Financial
A very thorough site on Lifetime Settlements. Not sure what they are? They'll tell you all about them.
Demutualization.Org
Site explores the demutualization of the life industry and attempts to make policyholders aware of their rights.
EF Moody
One of my all time favorite sites. This guy's got something on just about everything relating to financial services. I use his site as a resource all the time. Highly recommended.
The Equitable
Now a member of France based Axa Group . Has investor info and financial calculators online plus more, but you'll have to dig for it.
1 2 Next
Email this page!
Sponsored Links
Travel Insurance Online
Low cost travel insurance available now. Get a quote, buy travel insurance online and get your insurance documents today.
http://www.mnui.com (Cost to Advertiser: $1.21)
(Cost to Advertiser: $1.00)
E- Term Life Quote - Save $ on Term Life Insurance
See how we can save up up to 75% on term life insurance. We search over 300 of the top rated companies to find you the best possible quotes.
http://www.e-termlifequote.net/ (Cost to Advertiser: $0.57)
Long Term Care Insurance Services
Consumer information on how to plan and purchase for long term care insurance. Recieve a quote request from over 10 different companys.
http://www.ltcinsuranceservices.com/ (Cost to Advertiser: $0.55)
Wise Health Card
Prescription and medical bills out-of-control? Cut your Medical, Dental, &
http://www.wisehealthcard.com/ (Cost to Advertiser: $0.50)
Buy a Link Now!
New! Place your classified ad on this GuideSite Pre-register to display your message
Advertising
Search
Explore More on the About Network!
Choose Your Interest...
Arts & Entertainment
Autos
Citysearch Cities & Towns
Computing & Technology
Education
Food & Drink
Health & Fitness
History
Hobbies & Games
Homework Help
House & Home
Industry
Jobs & Careers
Money
News & Issues
Parenting & Family
People & Relationships
Religion & Spirituality
Shopping & Style
Small Business
Sports & Recreation
Teens
Travel
About International:
About Australia
About Canada
About India
About Ireland
About UK
About Japan
About Us | Advertise on This Site | User Agreement | Privacy Policy | Kids' Privacy Policy | Help
Copyright © 2002 About, Inc. About and About.com are registered trademarks of About, Inc. The About logo is a trademark of About, Inc. All rights reserved.
Results from search: http://www.lowpriceterm.com/
Low Cost Term Life Insurance 1-800-651-7622 Life Mgmt Corp.
Low Cost Term Life Insurance 1-800-651-7622
Life Management Corporation
P.O. Box 710 Rock Falls, IL 61071 1-800-651-7622
Quick Quote
Products & Services
About Us
Contact Us
If you would like your website removed from
our search result
posting, please click here.
Links
