I would like to start this 2010 article on life insurance. Many find that this subject is morbid but believe me when I say that this contract is as important as a will and should be taken as seriously as health insurance. Due to the length of the article details, I've given chapters for easy reading. Hope this will teach you about life insurance and its necessity. (19659002) 1 = Introduction
2 = When / If Life Insurance Is Right
3 = Insurance Difference Broker & Broker
4 = Types of Policies
5 = What Are Knights and Famous Riders  6 = Medical Examination
This is the contract between you and an insurance company to pay a certain amount (the premium) to the company in exchange for a rebate (so-called death benefit, face value or bond amount) to the beneficiary (the person you want to pay at the time of his death). This is about the type of policy (which is currently being discussed), about its health, hobbies, the insurance company, the amount of aid and the amount of the benefit. It seems overwhelming, but not if you have the right agent or broker. Now many people can say that life insurance is like gambling. He admitted that he would die at some point and the insurance company would not accept. If the insurer wins, you keep the prizes if you win … and you die and the deaths are the beneficiary. This is a very delicate way to look at and if that is the case, then you can say the same thing about health insurance, car insurance and rent insurance. The truth is that you need life insurance to ease the burden of death. Example 1: A couple, both professionals who are looking for life, have a child and have a monthly salary as any other family has and the couple have a death. The chances of the spouse coming to work the next day is very slim. The chances are, in fact, that your ability to work in your career reduces your RISK because you can not afford to pay or use savings or investments to reimburse costs, DOES NOT LOSS the death and funeral costs. This can be financially devastating. Example 2: Lower middle income family, death is one in 1 of the profitable ones. How can a family maintain its current financial lifestyle?
Life insurance is about being able to reduce the risk of financial burden.
Insured: Person covered by an insurer (who is not a policyholder)
Owner of the policyholder: who pays the premium checks the beneficiary and basically owns the contract to the insured … I hope you understand how you can be.)
Face Quantity: It is also known as the death. Amount to be paid to the Beneficiary
Beneficiary: Person / persons / organizations who receive the voluntary amount (death benefit)
2) When / If you have life insurance:
First, you should review your beneficiaries and your policy once a year for approximately $ 5,000. 2-3 once a year. It's free! You must ensure that the beneficiaries are the person or person you want to pay! Because of divorce, death, disagreement, or anything else, you can change your mind to a particular person to get the benefits, so make sure that the right people, wealth / trust, AND / OR gets the benefits. In addition, you need to look at it every 2-3 years because many companies can provide you with a lower premium or increase your benefits by renewing your policies or by finding a competitor who can see that your payouts can compete for your business. Anyway, this is something you should consider saving either money or increasing the amount of bonds! This is a win-win for you so there's no reason not to do it.
3) Life insurance or broker, what's the difference ?:
The main difference between an agent is usually an independent sales person who usually works with different insurance companies in order to provide the best possible policy while the broker works for a particular company. Personal advice: always choose an agent. Not because I am myself, but because an agent can look at benefits if he offers other quotes, types, riders (later explainable), AND the benefits to each insurance company. If you do not like an insurance company, tell the agent and go to the next carrier (if it's for some strange reason, firing it). Buyers CAUTION: The agent must be paid by the carrier chosen, not by you. If an agent pays for any money, RUN! There are insurance advisers who pay but simply keep things, see an agent. Advisers and agents are also great at reviewing current policies to reduce fees or increase the benefits.
4) Types of policies:
There are 2 main categories: Duration and Permanent Insurance. There are subcategories in each of the two categories. At a glance, I explain to you that it is the best choice for you and your loved ones. Do not forget to be a beneficiary / trust / organization. (Note: There are more subcategories within these subcategories but the difference is so small and self explanatory that I have not taken this article to know what questions to ask and to know if your agent is right for you.)
Term insurance: A temporary policy in which the beneficiary is paid only after the death of the insured (you) within a given period of time). Insurance time is usually less costly, with a smaller death benefit. Some do not require medical examinations but expect to pay higher fees because the risk of the insurance company is unknown. In addition, the insurance period does not usually cumulate the cash value (it can be explained by constant insurance) but it can be purchased in addition to its permanent policy (for those who already provide cover):
Convertible term: Ability to turn the policy constant. There are REALY GOOD guidelines that do not require medical examinations, drivers' history or dangerous attorneys at some point in order to provide constant insurance cover with the benefits of constant insurance policies.
Renewable time: capable
Level of condition: Fixed rates over a certain period of time as growth (large for young adults and within 10 years expect to increase salary)
Increasing / Decreasing Duration: Coverage Increases or decreases over the entire duration while the premium remains the same.
Group term: Usually used for employers or associations. This covers more people to reduce the cost. (Large for Small Business Owners)
Constant Insurance: As its name indicates, it provides for the entire duration of the insurance. This also generates cash value, which is fantastic from a tax point of view, because if you make money by using this cash value, there are no tax receivables. In general, a general lack of policy is tax-exempt. However, in most cases, if you withdraw your cash, you will only pay taxes (the increased amount) which is fantastic. Just make sure your agent knows that the value of the cash exceeds the death penalty, otherwise you have to pay a 10% tax! With cancellation, surrender fees are also valid, so ask for an agent who can help you with these details. Consider Permanent Insurance if you have a family and do not mind raising fees (paying the amount) with a few dollars compared to the term.
Conventional full life: Life insurance, which includes accumulating cash value.
Full-life life insurance: Whole life insurance for 1 flat-rate (usually 1 lump sum is very large to get a huge death)  Full life insurance: Just like ordinary life, unless you pay dividends, to pay the dividend for you! There is no guarantee that the dividends will be paid, this is based on the performance of the insurers
Unlimited Full Life Insurance: Unlimited payments for a lifetime, but requires a higher fee as it is actually shorter time. This can be based on payment amounts (10, 20, 30 etc.) Or a given age (the whole life is paid 65, 75, 85 years)
Universal Life Insurance: Flexible fee for flexible face amounts (death benefit) contains prudent pricing factors. For example: if you pay X, you will be covered by X amount.
Indexed Universal Life: The flexible premium / benefit associated with cash value is linked to the performance of a particular financial index. The lending rates of most insurance companies (% of growth) will not be zero.
Variable Life Insurance: The death benefit and cash value vary from the separate account of the investment options depending on the investment performance. In general, insurance policies guarantee that the benefit does not fall below the specified minimum.
Variable Universal Life Insurance (Variable Life Insurance and Universal Life II / 2): Variable and Universal Combination and Flexibility of Investment
Ultimate Surviving Universal Life Insurance (also known as Surviving or "Seconds To Die"): It covers 2 people and the death is paid only if both insurers have died. This is FANTASTIC and somewhat necessary for families who pay taxes (usually for individuals with high net worth).
5) Life insurance riders, what is this and why it is very important:
Rider is an advantage that is added to your policy. This gives a special attachment to the interconnected and complex policy. There are so many racers that I would like to write another article about Riders (and insurance companies often add new types of riders), but I would like to name the most popular (and most importantly) you think it is very important to choose a policy. Riders increase their premium costs, but they do not participate easily; can be life-saving
Accidental Auxiliary Motor (AD & D): Accidental death due to a fatal accident (eg car accidents, falls on the stairs) This is especially important if the insurer travels often, relatively young and has a family. Note: AD & D insurance can also be purchased separately
Random Death and Injured Horseman: Same as above but if you lose two limbs or pay a field of vision for the death benefit. Some policies may offer smaller amounts if you lose 1 or 1 limb. This is great for those who work in their hands
Disability Income Equalizer: Receives monthly earnings if you are completely and permanently disabled. You are guaranteed a certain income level. Pay attention to this detail, depending on what policies you pay, depending on how long the disability takes for the duration of the COMPETITION.
Guaranteed Fidelity Rider: Can buy additional coverage periodically based on age or policy years to inspect your insurance entitlement.
Level Term Rider: Specifies a fixed amount of insurance policy for its permanent policy. This rider can increase your death or your policy by 3-5 times. Not a bad deal!
Canceling a Premium Rider: If you become disabled, leading to unemployment and earnings, your resignation will release you from paying your fees until the policy is still in place! There is a huge gap between the policies and the insurance companies, so the devils have the details with this rider.
Family Income Benefit: In the event of the death of the insurer, this rider generates income for the family for a given period of time.
Accelerated Death Lines: The insurer who suffers from terminal illness receives 25-40% of the death penalty from the basic policy (The decision is between the insurer and the insurer). However, this reduces the death rate, but depending on your financial situation or lifestyle, this rider should not be taken lightly and should be seriously considered.
Long-term caregiver: If you are insured by the insurer to stay home care in a nursing home, this rider provides monthly payments. Please note: Long-term care can be purchased separately for multiple benefits.
6) Medical Exam:
This section is not about to be afraid of you but to be mentally (and perhaps physically) prepared for a medical examination so you know what you can expect and get the lowest possible prizes as you get the greatest possible death. This is not necessarily a cause for concern if you work regularly and maintain a healthy eating habits (I know that I'm used to not having diets, nutrition does not work long-term)
Most insurable exams are required. Many insurance periods do not require a low but low death benefit and / or higher premium. The idea of the exam is not only to understand whether it can be ensured but also how much it will be charged to the insurer / insurer. The exam is conducted by a "paramedical" professional who is an independent entrepreneur who is hired by the insurer or who belongs to his or her home or office where the insurer is visiting. Authorized healthcare professionals know what they are looking for! In very few cases, the insurer may ask your doctor for the "Medical Declaration (APS)". You must give this to your doctor and NE. CAUTION: The "paramedical" task is to require the insurance company to increase your fees so do not give details that you did not ask.
The first part (or Part 1 or Part A) or by you. Part 2 / B is a paramedical or medical part. The best bet is for your agent to contact a paramedicin that specializes in mobile exams to facilitate the exam. Your dentist will contact you with the appointment schedule. The exam is optional, so no yes or no, but when and where. This full exam will certainly only cost you, except time, saving you time, life insurance is important!
The medical history (questions) of the paramedical doctor, physical measurements of the height and weight, blood pressure, pulse, blood and urine. Additional tests are based on age and policy amount (yes, the greater is the mortality benefit = the more the test is to be given). Now if policy is material, the insurance company can not send a paramedic, but requires the actual doctor exam. Of course, this is what the insurer chooses, so remember my mountain before! This exam may include a treadmill test and a further crazy exam to see if you are eligible for this substantial amount and a low premium. However, if you choose a low insurance policy, you only have to do simple paramedics with the simple tests mentioned earlier and no further exams.
What you are looking for: Paramedical / doctors look for health conditions that can shorten your life. Remember, insurance companies have come to do business, and if you take responsibility, you may be at risk of not wanting to raise or raise the premium to make the risk acceptable. Blood and urine include:
– antibodies or antigens for HIV
– cholesterol and related lipids
– antibodies against hepatitis
– liver / kidney disorders
] – Immune system disorders
– Prostate-specific antigen (PSA)
– Drug tests, such as cocaine
Results: These are directly reviewed by the home office notices of the insurance company. You can often request (on a written request) to receive a copy of the results, but many insurance companies will do so automatically. It often finds abnormalities, but this is usually not a concern and just talk to your doctor for follow-up (remember: the insurance company examines these exams with "fine toothpaste to see what's the risk"). The signatories will examine the results of the exam and the application (remember 1 / a, now want to see that you are lying) and determine the amount of the premium. Smokers pay more; any nicotine in your system will look like a smoker, even if it is only socially.
The premium is determined by a category to which it belongs. This really depends on what factors the insurer is about, but the general rule, if it has a higher risk, pays a higher fee. If you are a general risk, you will pay a standard premium and if you are a preferred risk, you pay low pay.
You can interrupt the policy after receiving the final citation after the exam, but remember: All results will be part of the MIB Group's database (Medical Information Bureau). It is a clearing house for medical information used by insurance companies to keep information after the life / health / disability income / long-term care / critical illness insurance application has been submitted. So for seven years the database will be. It is worth getting a free report each year (like a credit check) on the website that I was at the bottom of this article.
Now that you know virtually everything you need to know about life insurance. I hope you find out how important it is. It may seem a lot, but the hardest part simply selects the type of policy that is right for you. This can be done with the agent. Finally everyone is different and everyone looks at their own situation and the need for beneficiaries. If you even give your loved ones the slightest concern, what will happen if you are not with us, consider life insurance. Indeed, it is a sense of relief when you know that you and your loved ones are covered, regardless of how much you or you are. For many who feel that their loved ones do not need the deaths, whatever their case ("they are earning money to survive", this is the biggest reason for life insurance), this is a simple last gesture "I Love You" or recognition reporting to them that they are part of life.
I hope I was able to educate you in the life insurance system and if you have any further questions, please feel free to contact me.
MIB Homepage: http://www.mib.com/html/request_your_record.html