by Guest » Fri Nov 07, 2008 12:41 pm
Getting insured with Life insurance prove to be great future advantages. some of the advantages are as follows.
initially, premiums are generally lower than those for permanent insurance, allowing you to buy higher levels of coverage at a younger age when the need for protection often is greatest.
It's good for covering specific needs that will disappear in time, such as mortgages or car loans.
There are many advantages apart from this.
Any replies or suggestions are most welcome.
Thanks & Regards
initially, premiums are generally lower than those for permanent insurance, allowing you to buy higher levels of coverage at a younger age when the need for protection often is greatest.
It's good for covering specific needs that will disappear in time, such as mortgages or car loans.
There are many advantages apart from this.
Any replies or suggestions are most welcome.
Thanks & Regards
Posted: Fri Nov 07, 2008 10:54 pm Post Subject:
nail.ramp,
How do you feel about the Stop Premium Option coupled with the No Lapse Guarantee when the contract is designed and funded with the 7 pay annual guideline premium?
Posted: Fri Nov 07, 2008 11:12 pm Post Subject:
already lost me here.
Posted: Sat Nov 08, 2008 12:37 am Post Subject:
When I try to we explain insurance to someone, i simply say. "Insurance is not for you, it's for the people you leave behind." This sentence alone gets people really thinking. And then follow up with, term insurance is so cheap now that it is worth the coverage. You cannot get this sort of return in any stock market investment, unless you are lucky of course...
Michael
FindYourPolicy.com
Posted: Sat Nov 08, 2008 09:09 am Post Subject:
Some life policies come with the accidental death benefit rider which gives double the amount of death benefit to the beneficiary if the policy holder dies in an accident. This may help the families to meet the losses at the event of an unexpected loss of the policy holder.
How do you feel about the Stop Premium Option coupled with the No Lapse Guarantee when the contract is designed and funded with the 7 pay annual guideline premium?
Yeah, some of the whole life plans are self funding, i.e. the policy coverage continues automatically after a certain time even when the policy holder stops paying the premiums. The cash value that the policy accumulates with time keeps fuelling the policy. Also this kind of plan offers the policy holder with the advantage to withdraw from the cash value of the plan as loan for emergencies.
~Jeremy
Posted: Sat Nov 08, 2008 11:34 am Post Subject:
Gary, you are a naughty naughty boy some times... :wink:
I think another way to look at this is...what are the DISADVANTAGES of having life ins? hmmm? what's that? none? ok
Posted: Sat Nov 08, 2008 12:17 pm Post Subject:
what are the DISADVANTAGES of having life ins?
You have to die before it pays off, but it doesn't pay you, it pays someone else, and you had to spend your hard earned money to pay the premium to a :evil: *multi-billion dollar company. :twisted:
But,... since a life insurance policy is the most sincere love letter a man could ever write to his wife and children the BENEFITS far out weigh the DISADVANTAGES.
:wink: *Nobody wants to do business with a poor,... struggling,... insurance company. :shock:
I'll get to..."the Stop Premium Option coupled with the No Lapse Guarantee when the contract is designed and funded with the 7 pay annual guideline premium...later.
Posted: Sat Nov 08, 2008 01:10 pm Post Subject:
That remark was really sweet Gary and that would actually be a good line to sell insurance. I am talking about the one where you said insurance is the most sincere love letter.
Posted: Sat Nov 08, 2008 06:03 pm Post Subject:
I think life insurance is something your family doesn't truly appreciate until it is there for them, after you have passed on.
The people who really undertsand the importance and purpose of life insurance are those left behind, with or without life insurance coverage.
I know when I discussed this issue with my 11 year-old daughter when she asked if I had life insurance, after seeing a commercial about it, I told her yes. And it didn't really seem to register with her.
But, when she is older, if she does receive a life insurance check from my carrier some day, she will fully understand why life insurance is important. And, how much I cared for her to provide the financial security she needs, and deserves.
Posted: Sat Nov 08, 2008 07:02 pm Post Subject:
Hey Gary, wanna know what's really fun? Doing that to a bunch of lawyers during a deposition. They just sit there with a "call me stupid" look on their faces and wonder what the heck you're talking about. I try hard no to laugh as it often gets me kicked under the table by our counsel. It is fun though
Add your comment