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Once the determination has been made that you need to purchase life insurance, the next step is to figure out just how much you need. While it is true that some Americans are over-insured, more people are either uninsured or under-insured. As you set up your plan you will have to take many things into [...]

It all has to do with training. These letters and designations, as well as other letters and designations simply tell you how much training your representative has had beyond the basic required amount of training. The basic training is given to all sales representatives of your representative’s company, but they can take it one or [...]

While life insurance is a prudent and essential investment in your family’s future, only an appropriate amount of life insurance is going to be a good investment. You should make sure that your life insurance needs are being properly met, but it won’t benefit you to over-insure yourself. If you’re worried about your perceived discipline [...]

Using a cash value policy is a way to save money but it is probably not the best way. If you have difficulty staying away from your savings account, then by all means, invest extra into this policy for extra savings. But if you can manage your money easily, take advantage of different investment and [...]

As the proverb says, nothing is certain but death and taxes. However, federal income taxes on the death benefit of a life insurance policy are not certain. The beneficiary of a life insurance policy does not owe federal income taxes on the amount paid to him or her as death benefits of the policy. Estate [...]

It is possible to borrow from an insurance policy, if the policy has a cash value. The policyholder will be required to pay interest on any money borrowed and the insurance company would set the interest rate. The decision of when to pay the interest, whether monthly or yearly is up to the policyholder. The [...]

In these difficult economic times, many people can not afford the premiums for their life insurance policies. When a life insurance policy has a cash value, there are several options available to the policyholder. One of the most common and often automatic options is for the insurance company to extend term life insurance. The cash [...]

When you think about your life insurance policy, you probably think about the money that you have to pay in premiums in order to keep your policy. It is simply a fact of life that you will have to pay each month for the policy; however, some policies pay you back a little back. The [...]

Usually, a life insurance policy will provide you, the policyholder, with more than one option in addition to your beneficiary receiving a single lump cheque or even a chequebook instead of a single lump check. Another option is to provide the beneficiary of the policy with the right to receive monthly payments for the rest [...]

Currently, there are two major benefits associated with life insurance policies. One benefits the policy holder and one the beneficiaries of the policy. Policyholders that have cash value policies will be relieved to know that any gains they make in their policies are currently tax- free. Beneficiaries that receive a lump sum payment from an [...]