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life insurance, term life insurance - term insurance rates from 150 companies
Life Insurance
150 TERM LIFE INSURANCE COMPANIES
TERM LIFE INSURANCE
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Budget Life is a service for life
insurance consumers. We don't sell life insurance, nor are we
affiliated with any life insurance company.
SEE OUR DISCLAIMER.
_________________________
About Budget Life
The following life insurance companies head up our
Top 10: Americom Life Insurance Company, Banner Life Insurance Company,
First Penn-Pacific Life Insurance Company, Valley Forge Life Insurance Company,
West Coast Life Insurance Company.
We use a third party database of 150 life insurance companies to rank
in terms of lowest term life insurance rates.
Term life insurance rates have been dropping steadily in response to increased competition.
Term life insurance is a commodity, and improved access to insurance information, such as
at this Web site, are making it even more so. Whether to use life insurance as an
investment is a separate decision; but for just pure life insurance, which is term
insurance, why should you pay more than you have to?
This Web site also offers you the
opportunity to obtain life quotes from independent life insurance agents. These life insurance
agents use the same third party database to ensure that they have all the lowest life
insurance rates from over 150 life companies; they don't work for just one life
insurance company. They recognize that term life insurance is a commodity, and they work
to get the best rate for the consumer.
About Life
Insurance
Paying for life
insurance is painful, but few can do without it. The key is to buy life
insurance only for losses, such as your income, that you or your
family can not replace. Avoid narrowly defined life insurance
policies that only cover specific loss of life, such as
accidents, plane crashes or cancer. You're better off with
insurance for any loss of life for a small increase in premium.
Don't skimp on life insurance.
But remember that people with no dependents may not need life
insurance at all. To estimate the amount of a life insurance
policy, estimate your dependent's living expenses if your
income is no longer available. Most life insurance consultants
estimate five to ten times your annual income. You can
try this calculator for a quick estimate, or consult with your
financial advisor.
Term Versus
Whole Life Insurance
Term insurance , also
called temporary insurance, covers a person against death for a
limited time, the term. For example, the term might be until
children are grown, or until college is paid for, or until
retirement. You pay for the coverage period and at the end of the
term the contract, or policy, expires. If no claims are made
against the policy during the term, you don't receive any
benefits after the policy expires, just like auto or homeowners
insurance.
Whole Life insurance ,
also called permanent insurance, is permanent and does not expire
(assuming you continue to pay the premiums). It provides coverage
similar to term insurance, but it also provides an investment
vehicle. A portion of the premium goes toward insuring your life
while the other goes toward an investment account. This
investment account can be either an interest bearing account or a
stocks and bonds investment account.
Which is better (our
opinion)? Young families with large financial obligations are
usually better off with term life insurance. The substantially
lower premiums enable them to purchase sufficient coverage to
protect against loss of income. Any discretionary investment
funds can be placed in other vehicles (mutual funds, money market
accounts, etc.) that are likely to generate returns similar to or
better than life insurance contracts. Cash value insurance is
sometimes purchased by people for tax and estate planning
purposes. You should consult with your financial advisor.
Choosing an
Agent
Almost all life
insurance companies sell their products through agents, rather
than directly to the public. Some companies use
"captive" agents, who can only represent one company.
Most of the competitive term insurance providers (such as those
featured at this site) use independent agents, who are free to
represent several companies. These agents can help you
select from a variety of products and companies to tailor a plan.
The premium rate is set by the company, and it cannot be changed
by the agent. The price you pay for a given product will be the
same no matter where you buy it. "Price shopping" for
an agent will provide little benefit, assuming that you have the
basic product and pricing information to know what to ask for.
_________________________
Life Insurance
So, do some product research first, using a service
like BudgetLife, and then select a life insurance agent based on criteria such
as trust, experience, and access to a wide selection of products
and tools. Your goal should be to find, and then stick with, an
agent who can help you put together the best possible protection
plan for your specific needs.
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Results from search: http://www.riskylife.com/insurance/life
Riskylife.com - life insurance information,
life insurance tips, life insurance contract,
life insurance basics, life annuity basics,
life annuity information, life insurance and
life annuity FAQs
Life Insurance and Life Annuity: Basics, Tips, Information, and FAQs
- by Dr. Arthur Hau (updated 8/2/2001)
Are you looking for some introductory or more advanced information about life insurance
and life annuities? This is the right place for both. Unlike most other insurance websites that give
you shallow information and whose ultimate goal is to sell their possibly
inferior life insurance and life annuity products to you, this website provides you with not only basic information
but also some more advanced topics on life insurance and life annuities.
There is nothing
to sell here. So, feel free to look around. If you have any questions or comments, please
e-mail me at: ahau@riskylife.com or join our
discussion forum .
By the way, we are continuously growing, drop by any time to see new topics!
Life Insurance Frequently Asked Questions (FAQs) and Case Studies
FAQ 1: How Much Life Insurance Is Needed?
A detailed discussion of the different needs of life insurance death
benefits, such as estate liquidity, income replacement of a wage-earner,
costs of death, etc.
FAQ 2: Should I Take a Policy Loan From a Life Insurance Policy?
A detailed discussion of the pros and cons of taking a policy loan
from a life insurance policy.
FAQ 3: Should I Buy Term Life Insurance or Cash Value Life Insurance?
A detailed comparison between term life insurance and cash value life insurance
(whole life, variable life, universal life, variable universal life)
policies in terms of flexibility, renewal, income tax advantages, etc.
FAQ 4: Where to Find More Life Insurance and Life Annuity Information?
This page provides the essential links to the important information on
life insurance tax treatment, life insurance laws (Federal and State),
an important article on variable annuity from SEC, new clippings, etc.
FAQ 5: Where Can I Find a Life Insurance Needs Calculator?
This is a fairly comprehensive life insurance calculator written in
javascript that allows you to estimate your life insurance needs.
FAQ 6: How is Life Insurance Taxed Differently From Other Assets?
A detailed discussion of different taxes (such as income tax, estate tax,
inheritance tax, gift tax) related to a life insurance policy before and after
the insured's death.
Case Study 1: Variable Universal Life Insurance as an Investment
Discussion of a real world case on whether variable universal life insurance
is an appropriate investment tool for a young professional.
The discussion focuses on life insurance needs, inflexibility of cash-value
life insurance, and life insurance tax treatment compared to other
alternatives such as term life insurance + 401k or Roth IRA.
Case Study 2: Should I Log Into the "Low" Premium Rate of a Life Insurance Contract
Early?
Discussion of a real world case on whether a young person should buy life
insurance so as to log into the low premium rate. The discussion focuses
on life insurance needs, life protection charges, investment returns,
and renewable term life insurance alternative.
Life Annuity Frequently Asked Questions (FAQs)
FAQ 1: Definition of Pure Life Annuities - What is a pure annuity?
FAQ 2: Definition of Fixed Life Annuities - What is a fixed annuity?
FAQ 3: Definition of Variable Life Annuities - What is a variable annuity?
FAQ 4: Should I Buy Variable Annuities Instead of Mutual Funds?
A critical comparison of the pros and cons of variable annuities and
mutual funds, including their flexibility, income tax treatment,
commission charges, rate of return, etc.
FAQ 5: Should I Invest My IRA, 401k, 403b Money in Variable Annuities?
A detailed analysis of whether a person should invest his/her
IRA or pension money in variable annuities. Some people claim that
investment IRA money in variable annuities is unwise. Is it really true?
Life Insurance and Life Annuity Basics and Education
Life Insurance Contract Basics Part I
The meaning of some legal terms in a life insurance contract and some of
the specific characteristics of life insurance as a contract.
Life Insurance Contract Basics Part II
More characteristics of life insurance as a contract, agents' responsibility
and authority, life insurance coverage and terms.
Life Annuity Basics
Nature of life annuity, life annuity classification, types of annuity products,
contribution and liquidation.
Your feedback is very important to us!
Please add your comments to our
guestbook .
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Life Insurance and Life Annuity Information
Personal Investment, Stocks and Bonds Information
Retirement Planning,
IRA, 401k, MSA Information
Health Insurance Information
Discussion Forums:
Life and Health Insurance,
Retirement Planning and Personal Investment
Java and Javascript Financial Calculators
To exchange links or to join us, e-mail:
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Join the Yahoo! Annuity 101 Club
Disclaimers and Conditions
Moderators:
[ Arthur Hau ]
|
[ Laura Leong ]
Last Updated: 8/2/2001
Copyright(c) 2001 Arthur Hau
Results from search: http://i-netsettlements.anthill.com/
Seniors, sell your existing life insurance policy for more than it's cash value by doing a Viatical or Life Settlement
Viatical and Life Settlements
The
Heritage Group specializes in helping seniors sell unwanted
life insurance policies for more than their actual cash values.
This transaction is known as a Viatical or Life Settlement.
Our services are free.
Our
mission is to show our clients how to sell life insurance policies
that are no longer needed or wanted for the maximum price available.
The
Heritage Group and its licensed professionals are characterized
by personalized client service, ethical and confidential transactions
reflecting the best interests of our clients.
WE WANT TO HELP PEOPLE CONTROL
THEIR FUTURE
BECAUSE WE CARE
Click
here to email us.
Results from search: http://i-netsettlements.anthill.com/i-netsettlements-anthill-com/case.htm
Seniors, sell your existing life insurance policy for more than it's cash value by doing a Viatical or Life Settlement.
Case
Studies
The
following cases exemplify the power and value of using a Life
Settlement.
Case
1
An 80-year old gentleman with a $400,000 universal life insurance
policy, which had very little cash value, had several financial
concerns. The premium payments were becoming a financial burden,
and he was also concerned about long-term care for he and his
wife. With the assistance of The Heritage Group, the agent was
able to present his client a check for $175,000. The sale of
this policy not only relieved them of the monthly premium payments
but the Life Settlement funds enabled the client to purchase
a long-term care policy for his wife, and provide funds for
his long-term care needs. Unfortunately, he did not qualify
for long-term care insurance because of his health.
Case
2
Shortly after his retirement, a physician with a $3,300,000
life insurance policy was lamenting the fact that he could no
longer afford the premiums on his policy now that he was retired.
He contacted the insurance company only to discover that the
policy had no cash value and that the premiums would be increasing.
His accountant suggested that he consider selling the policy.
With the assistance on The Heritage Group, he sold the policy
for $1,100,000, in just a matter of weeks. As you can imagine,
this gentleman was ecstatic, since he turned a policy that he
was going to let lapse into over $1,000,000. The proceeds allowed
him to gain peace of mind by enabling him to do some extensive
retirement planning.
Case
3
Mr. K was CEO of a large company that had two key-man life insurance
policies on his life. One was a $500,000 universal life insurance
policy with a cash surrender value of $34,000, while the other
was a $500,000 term life policy. The company carried the policies
on the books as an asset valued at the cash surrender value
of the UL policy. After discussions with a Life Settlement broker,
Mr. K purchased both policies from the company for the $34,000
cash surrender value. With the help of the broker, Mr. K was
able to convert the term policy to a UL policy, and sell both
policies in a Life Settlement transaction. Mr. K received $145,000
for the two policies for a net return of $111,000.
The Heritage
Group Agency, Inc.
3240 W. Britton, Suite 105
Oklahome City,OK 73120
(405) 753-9100
Toll Free - (800) 460-1991
Click
here to email us.
Results from search: http://www.unifiedcompanies.com/viatical.htm
Sell your Life Insurance Policy - Case Histories
NATIONAL TOLL-FREE NUMBER
Considering selling your life-insurance policy?
It's true! You may be
able to turn your life insurance policy into cash today with a quick and easy
life settlements program. Why keep paying expensive premiums for
coverage you don't need?
Why surrender the policy for less than you could sell it for? Why
let it lapse and, perhaps, get nothing at all?
To find out more about a cash settlement program, call us toll-free at
1-800-998-2523.
What is a Life Settlement?
A life settlement
is the sale of a life insurance policy that gives the policy owner
a cash settlement in excess of the current cash surrender value.
Case
History 1
Client: 87 year old male & 82 year old female.
Result:
$2,300,000 second to die policy with no cash value. The policy was
no longer required and was going to lapse. Insureds sold the policy
and received $300,000.00.
Case
History 2
Client:
70 year old male in with some health problems.
Result:
$1,000,000.00 policy with small cash value. Insured sold the policy
and received $120,000.
Case
History 3
Client:
83-year-old female in relatively poor health.
Result:
$4,000,000.00 policy with an annual premium of $168,000.00. Insured
received $1,360,000.00.
Case
History 4
Client:
76-year-old male with some health problems.
Result:
$1,700,000 policy about to lapse. The owner could not afford to keep
the policy in force and received $275,000.
Case
History 5
Client: 81-year-old male in relatively good health.
Result:
$1,605,000.00 policy with an annual premium of $76,000.00. Insured
sold the policy for $202,800.00.
Case
History 6
Client:
78-year-old female in relatively good health.
Result:
$1,000,000.00 policy with an annual premium of $84,000.00. Insured
sold the policy for $160,000.00.
Case
History 7
Client:
92-year-old female in relatively poor health.
Result:
$2,000,000.00 policy with an annual premium of $110,000.00. Policy
expires at age 95. Insured sold the policy for $325,000.00.
Case
History 8
Client:
73-year-old male with health issues.
Result:
$500,000.00 policy. Insured sold the policy for $105,000.00.
For a price quotation, call 1-800-998-2523
Results from search: http://www.nolo.com/encyclopedia/articles/ep/li_buy.html
Buying Life Insurance - Nolo
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Law Centers >
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Wills & Estate Planning >
Life Insurance >
Buying Life Insurance
Before you buy a life insurance policy, you should compare insurance rates, choose a trustworthy agent and check the reliability of your insurance company. Here's how.
After familiarizing yourself with the basic types of life insurance policies -- term life insurance versus whole life insurance, for example -- it's time to investigate costs. The cost of the same coverage can vary considerably from company to company. Often, relatively small mutual companies charge lower rates than some of the giants of TV advertising, and some brokers charge lower "discount" commissions. To compare rates, start by visiting one of the following free life insurance rate shopping services on the Web: Quicken Insure Market http://www.insuremarket.com 800-695-0011 SelectQuote http://www.selectquote.com 800-289-5807 InsuranceQuote http://www.iquote.com 800-972-1104 Quotesmith http://www.quotesmith.com 800-556-9393 These organizations often make money if you buy a "product" (life insurance) they recommend, so use any information they give you only as a starting point. Also, a rate shopping service may offer quotes for only one type of insurance product; generally, you should look at various types in order to make an informed decision. Choosing an Insurance Salesperson Once you have a general idea of the kind of insurance you want and how much it should cost, you need to talk to an insurance salesperson or broker. Normally, a salesperson sells for one company only, while a broker can place your policy with one of several. In theory, this would seem to be a reason to prefer a broker, but in practice, the integrity of the person you are dealing with is far more important than is the legal relationship to an insurance company or companies. Although by now you should be armed with information about the basic types of insurance, you'll most likely have to rely on your agent to explain the nuances of various policies. So you need one you trust. Look for a person who will function as an ally, offering additional information and proposing alternatives -- not forcing you to buy a product. If you get too much quick-sell pressure, contact someone else. Finally, keep in mind that many insurance policy variations are of the "bells and whistles" type, minor differences that don't mean nearly as much as some insurance agents may claim. And one more tip: some salespeople recommend that you don't buy term insurance , or try to talk you out of it, for no other reason than they get a much higher commission from selling you whole life or universal . How to Find a Trustworthy Insurance Agent Knowing you need a trustworthy agent and actually finding one are two different things. As you may have guessed, one of the best ways to find a good agent is to ask for references from friends, family members and co-workers. Also, if you belong to a local group that puts out a newsletter or an email bulletin, post an ad asking for recommendations. Insurance agents and brokers must obtain a license from the state in which they do business. Contact the state licensing agency and check to make sure the salesperson is licensed and doesn't have any disciplinary proceedings pending. Many states provide this information online. You also might want to call the Better Business Bureau or state or local consumer affairs agencies and ask about the number of consumer complaints filed against the salesperson. Finally, speak with several agents and note whether the agent asks probing questions about your insurance needs or just tries to sell you a product. You should also compare the insurance products each agent offers to see which is the best deal and which best meets your needs. How Safe Is Your Insurance Company? Before you sign on the dotted line, you should check out the reliability of your insurance company. As some surprised and angry insurance policy owners have learned, insurance companies can encounter serious financial trouble, and even go broke. For instance, a few insurance companies invested heavily in junk bonds during the '80s, and paid the price of insolvency when glimmers of fiscal (and societal) sanity returned to these economic areas in the '90s. There is no national or federal insurance guarantee fund for life insurance companies similar to FDIC insurance for bank depositors. In 47 states, there is some sort of industry-sponsored state guarantee fund. (Colorado, Louisiana, New Jersey and Washington, D.C. have no such funds.) While these funds offer most policyholders the reasonable hope that they won't lose everything they invested if their insurer goes broke, you still certainly don't want to have to wait for state regulators to take charge of an insolvent company, investigate and finally -- and it can take a while -- determine how much money you get back. To avoid this sad scenario, check the reliability of the insurer from which you plan to buy a policy. Several major companies rate the financial stability of insurance companies: Weiss Research (the most rigorous of the bunch) http://www.weissratings.com A.M. Best (Best Insurance Reports) http://www.ambest.com Duff & Phelps http://www.dcrco.com Moody's Investors Service http://www.moodys.com Standard and Poor's http://www.standardandpoors.com/ratings It's prudent to check your insurance agency against one -- and even better, two -- of these rating systems, to be sure the company you're interested in gets top grades.
Copyright © 2002 Nolo
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Life Insurance Law: Free Legal Information
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General Life Insurance Questions
LIFE INSURANCE SEEMS COMPLICATED -- WHAT ARE THE BASICS?
WHAT IS INDIVIDUAL LIFE INSURANCE?
WHAT FACTORS ARE CONSIDERED IN INDIVIDUAL LIFE INSURANCE UNDERWRITING?
IS A PHYSICAL EXAM NEEDED?
WHAT IS GROUP LIFE INSURANCE?
WHAT IS A LIFE INSURANCE POLICY?
CAN I BUY A POLICY ON SOMEONE ELSE'S LIFE? WHAT IS AN "INSURABLE INTEREST"?
WHAT IS AN "INSURABLE INTEREST"?
CAN I NAME ANY BENEFICIARY I CHOOSE?
WHAT HAPPENS IF THE INSURED PERSON DIES?
WHAT AM I REQUIRED TO DO WHEN I HAVE A CLAIM?
DO I NEED A LAWYER TO HELP ME FILE A DEATH CLAIM?
WHAT PROBLEMS MIGHT WE RUN INTO WHEN FILING A DEATH CLAIM?
CAN A LIFE INSURANCE COMPANY DENY A CLAIM ON A VALID POLICY IF THE INSURED DIES?
WHAT IF THE INSURED LIED ABOUT A HEART ATTACK?
WHAT IF THE INSURED LIED ABOUT HIS AGE?
WHAT IF THE INSURED LIED ABOUT HIS SMOKING?
WHAT ARE "EXCLUSIONS" AND "LIMITATIONS" AND HOW DO THEY AFFECT MY LIFE INSURANCE COVERAGE?
IF I THINK CERTAIN WORDS IN MY POLICY MEAN SOMETHING DIFFERENT FROM WHAT MY INSURANCE COMPANY SAYS THEY MEAN, HOW DO WE RESOLVE IT?
WHY ARE LIFE INSURANCE COMPANIES REGULATED BY THE GOVERNMENT?
WHO REGULATES THEM?
CAN AN INSURANCE COMPANY REFUSE TO SELL ME INSURANCE FOR ANY REASON IT CHOOSES?
ARE THERE ANY LIMITATIONS ON WHAT AN INSURANCE COMPANY CAN CHARGE FOR INSURANCE?
CAN AN INSURANCE COMPANY CANCEL MY POLICY FOR ANY REASON IT CHOOSES?
CAN I CANCEL MY POLICY AT ANY TIME AND WILL THERE BE A PENALTY?
IF I MISS A PREMIUM PAYMENT AND GET A CANCELLATION NOTICE, IS THERE ANYTHING I CAN DO TO BE ABLE TO KEEP THE POLICY?
I HAVE A LARGE TERM-LIFE POLICY IN WHICH MY SISTER AND BROTHER-IN-LAW ARE SOLE BENEFICIARIES. ON MY BEHALF, THEY ARE PAYING THE ANNUAL PREMIUM. ARE THERE ANY TAX
CONSEQUENCES IF THEY REMAIN (1) BENEFICIARIES OR (2) JOINT OWNERS OF THE POLICY? IS IT NECESSARY TO INFORM THE INSURANCE COMPANY THAT MY BENEFICIARIES ARE PAYING THE
PREMIUM?
SHOULD A MINOR CHILD BE NAMED AS A BENEFICIAIRY OF LIFE INSURANCE PROCEEDS?
I AM PRETTY SURE THAT MY DECEASED GRANDMOTHER HAD A LIFE INSURANCE POLICY, BUT I HAVE NO PAPERWORK OR OTHER RECORD. IS THERE A WAY THAT I CAN FIND
OUT?
MY FRIEND WAS A BENEFICIARY ON HER EX-HUSBAND'S LIFE INSURANCE POLICY. IN TRYING TO COLLECT FOR FUNERAL EXPENSES, SHE WAS TOLD HER DIVORCE RELEASED HER AUTOMATICALLY AS A
BENEFICIARY. WHY?
WHEN I WAS MARRIED TO MY EX, OUR WILLS LISTED OUR CHILDREN TO RECEIVE OUR LIFE INSURANCE. NOW I HAVE REMARRIED BUT HAVE NOT CHANGED MY ORIGINAL WILL. IF ANYTHING HAPPENS
TO ME, WOULD MY EX AND HIS KIDS REAP THE BENEFITS OF THE LIFE INSURANCE MONEY?
Beneficiaries
CAN I NAME ANY BENEFICIARY I CHOOSE?
I PURCHASED A LIFE INSURANCE POLICY TO BE USED FOR MY CHILDRENS' COLLEGE EDUCATION. I DON'T KNOW HOW TO SAFELY DESIGNATE HOW THE MONEY SHOULD BE GIVEN OUT. CAN I JUST NAME
AN EXECUTOR?
I HAVE A LARGE TERM-LIFE POLICY IN WHICH MY SISTER AND BROTHER-IN-LAW ARE SOLE BENEFICIARIES. ON MY BEHALF, THEY ARE PAYING THE ANNUAL PREMIUM. ARE THERE ANY TAX
CONSEQUENCES IF THEY REMAIN (1) BENEFICIARIES OR (2) JOINT OWNERS OF THE POLICY? IS IT NECESSARY TO INFORM THE INSURANCE COMPANY THAT MY BENEFICIARIES ARE PAYING THE
PREMIUM?
SHOULD A MINOR CHILD BE NAMED AS A BENEFICIAIRY OF LIFE INSURANCE PROCEEDS?
WHEN I WAS MARRIED TO MY EX, OUR WILLS LISTED OUR CHILDREN TO RECEIVE OUR LIFE INSURANCE. NOW I HAVE REMARRIED BUT HAVE NOT CHANGED MY ORIGINAL WILL. IF ANYTHING HAPPENS
TO ME, WOULD MY EX AND HIS KIDS REAP THE BENEFITS OF THE LIFE INSURANCE MONEY?
MY FRIEND WAS A BENEFICIARY ON HER EX-HUSBAND'S LIFE INSURANCE POLICY. IN TRYING TO COLLECT FOR FUNERAL EXPENSES, SHE WAS TOLD HER DIVORCE RELEASED HER AUTOMATICALLY AS A
BENEFICIARY. WHY?
AFTER MY FATHER DIED, WE FOUND 2 LIFE INSURANCE POLICIES WHICH MY MOTHER COLLECTED ON. WE HAVE REASON TO BELIEVE SOMEONE MAY HAVE HAD AN ADDITIONAL INSURANCE POLICY AND
COLLECTED THE BENEFITS. IS THERE ANY WAY TO FIND OUT IF THERE WAS AN INSURANCE POLICY, WHAT WAS THE COMPANY, AND WHO COLLECTED THE BENEFITS?
WE ARE MISSING THE STATEMENT OF BENEFICIARY FROM MY FATHER'S LIFE INSURANCE POLICY. AS A CONSEQUENCE, THE INSURANCE COMPANY WANTS TO PAY THE BENEFITS TO MY FATHER'S ESTATE.
IS IT NOT THE RESPONSIBILITY OF THE INSURANCE COMPANY TO MAKE SURE THAT BENEFICIARIES ARE DESIGNATED FOR THE POLICIES THEY SELL?
IN 1993 I WAS MADE BENEFICIARY OF A PREPAID LIFE INSURANCE POLICY. 2 YEARS LATER TO POLICY OWNER DIED AND I HAD MOVED AND FORGOT ALL ABOUT IT. HOW DO I FIND OUT IF I AM
ENTITLED TO THE PAYOUT OF THE POLICY AFTER ALL THESE YEARS? WE BOTH LIVED IN COLORADO AT THAT TIME.
Buying life insurance
WHAT FACTORS ARE CONSIDERED IN INDIVIDUAL LIFE INSURANCE UNDERWRITING?
CAN I BUY A POLICY ON SOMEONE ELSE'S LIFE? WHAT IS AN "INSURABLE INTEREST"?
WHAT IS AN "INSURABLE INTEREST"?
Cancellation
CAN AN INSURANCE COMPANY CANCEL MY POLICY FOR ANY REASON IT CHOOSES?
CAN I CANCEL MY POLICY AT ANY TIME AND WILL THERE BE A PENALTY?
Eligibility
CAN I BUY A POLICY ON SOMEONE ELSE'S LIFE? WHAT IS AN "INSURABLE INTEREST"?
WHAT IS AN "INSURABLE INTEREST"?
WHAT FACTORS ARE CONSIDERED IN INDIVIDUAL LIFE INSURANCE UNDERWRITING?
CAN AN INSURANCE COMPANY REFUSE TO SELL ME INSURANCE FOR ANY REASON IT CHOOSES?
I WAS DENIED LIFE INSURANCE RECENTLY BECAUSE, AS A MINOR, I HAD BEEN COMMITTED FOR ATTEMPTED SUICIDE. THAT INCIDENT OCCURRED A NUMBER OF YEARS EARLIER. CAN THE COMPANY ME
AFTER A LAPSE OF SO MANY YEARS AND USE MENTAL HEALTH AS A REASON TO DENY MY APPLICATION?
Exclusions and limitations
WHAT ARE "EXCLUSIONS" AND "LIMITATIONS" AND HOW DO THEY AFFECT MY LIFE INSURANCE COVERAGE?
Death claims
WHAT HAPPENS IF THE INSURED PERSON DIES?
WHAT AM I REQUIRED TO DO WHEN I HAVE A CLAIM?
DO I NEED A LAWYER TO HELP ME FILE A DEATH CLAIM?
CAN A LIFE INSURANCE COMPANY DENY A CLAIM ON A VALID POLICY IF THE INSURED DIES?
Government regulation
WHY ARE LIFE INSURANCE COMPANIES REGULATED BY THE GOVERNMENT?
WHO REGULATES THEM?
Physical examination
IS A PHYSICAL EXAM NEEDED?
Rates
ARE THERE ANY LIMITATIONS ON WHAT AN INSURANCE COMPANY CAN CHARGE FOR INSURANCE?
Types of life insurance
WHAT IS INDIVIDUAL LIFE INSURANCE?
WHAT IS GROUP LIFE INSURANCE?
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Results from search: http://www.lumpsum.com/senior.html
Peachtree Life Settlements | Life Insurance and Senior Settlements
~ Buyers of Lottery Annuities, Structured Settlements, Life Settlements
and Annuities
Life Insurance is an important aspect of planning for
the future and is normally a part of almost everyone's long term financial
plan. At Peachtree we recognize that people's needs and situations
change over time. Changes in your life can easily reduce or eliminate
your need for currently owned life insurance. What was once a sound
and essential asset can often turn into an unneeded expense or even
a burdensome liability. That's why Peachtree is excited to be able
to offer you a financial tool, called a Life Settlement, that can
convert your current insurance policies into cash for today's needs.*
Are you tired of paying for a policy
you no longer need?
Are your premiums rising to a level that no longer make sense for the coverage you get in
return?
Have you ever considered letting your insurance policy lapse?
Could you make better use of your future benefits if you had the cash today?
Have you overlooked an often-underutilized asset?
The program at Peachtree Life Settlements offers an effective and
strategic alternative to assist you in dealing with your personal,
business or estate planning matters.
Life Settlements - A Brief
Explanation
A New Financial Tool
Commonly Asked Questions
Disclosure Information
Tax Implications & Benefits
Life Settlement Broker Information
Return To Broker Services Division Page
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Please contact our Webmaster with any questions or problems.
Peachtree Life Settlements. All rights
reserved.
This web site for Peachtree Life Settlements is for information purposes only and is not an advertisement.
* Peachtree's life settlement program is not available in all states.
Licensing is required in several states.
Results from search: http://www.todaysbenefitsinc.com/application1.htm
Applictaion to Sell your Life Insurance Policy
If Joint
Survivorship policy just enter info for one insured.
Full Name on policy:
City:
State:
Phone# [we will contact you if you qualify]
-
State of policy owner:
Face amount of policy:
Premium payment & mode:
paid
Monthly
Quarterly
BI yearly
Yearly
Surrender
Value if any:
Loan amount if any:
Issue Date:
Policy type:
Adjustable Life
Universal Life
Whole Life
Term
Joint Survivorship
Other
Insurance Company name:
Your age:
Your current health condition:
Excellent
Good
Fair
Poor
Terminal
Please list any health problems current or past that may assist
us in helping you obtain a higher cash settlement.
Results from search: http://www.lifepartnersinc.com/SellAPolicy.htm
The Decision to Sell Your Life Insurance Policy
Selling
Your Policy
- Home - About
Life Partners - Legal Information - Literature
- Press Releases -
- Questions& Answers - Testimonials
-
Viaticals
Seniors
Applications
Making an informed decision about your viatical settlement needs can be a
difficult process. It's important to find a company that can provide
efficient
and professional
service and still maintain a sincere concern
for your specific situation. At Life Partners we feel we've attained
that level of service and compassion. We understand terminal illness does
more than rob one's health. More often than not it drains away the
financial well being of people and their families. In 1997, the Robert
Wood Johnson Foundation reported that 31% of families with loved ones who
are terminally ill become impoverished while managing their loved one's
terminal illness. Life Partners provides you with what may be the most
important financial tool you have to continue quality medical care and
protect your estate.
Selling your life insurance policy is a smart choice.
Thousands of Americans have done it already. Life Partners, Inc. is the
nation's largest viatical settlement company, funding over $300 million
in life insurance policies.
After receiving your application we'll work closely with you to achieve
a viatical settlement. First, a case manager will be personally assigned
to you. Their first duty will be to explain the viatical settlement
process and answer any questions you may have. Then they will verify both
your medical status and insurance coverage.
If you qualify for a viatical settlement an offer will be extended to you.
This will be a percentage of the face value (less the repayment of any
loans and an amount escrowed for payment of premiums). Once you have
accepted an offer, contracts will be issued immediately.
With all the paperwork in place your case manager will
c arefully monitor the insurance company as they transfer
the policy and
reassign the beneficiary. Following the receipt of all required
documentation by a trustee, your funds from the viatical settlement
transaction will be disbursed within five business days.
For More In-Depth Information
Receive an Application
Frequently Asked Questions
& Answers
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