ICICI Pru Pinnacle Super is a unit linked insurance plan that offers you multiple choices on how to invest your savings. This plan also offers you a choice of how many premiums you want to pay while allowing you to enjoy insurance protection for the policy term.
Presented by Brokers Alliance with guest co-host Bobby Samuelson
What is Whole Life Insurance? Is it a rip off, or a benefit I need for my estate plan, retirement plan, or business insurance needs? The hosts will answer those questions and also determine if whole life insurance stands up to other Permanent Insurance policies and even Term Insurance.
Whole life insurance, sometimes called permanent insurance, or ordinary life, is designed to stay in force throughout one’s lifetime. As long as the policy owner meets his or her obligations under the policy, the policy remains in force, regardless of any changes in health that may occur. Unlike term insurance, where premium payments generally increase, as the insured gets older (the chance of death increases with age), premiums for most whole life policies remain level. A portion of each premium payment is set aside to earn interest. Over time, a whole life policy will develop cash values. The accumulated cash values form a reserve which enable the insurer to pay a policy’s full death benefit, while keeping premiums level.
During life, many whole life policies have provisions to borrow a portion of the accumulated cash
value. If a policy is terminated without the insured dying, there are various surrender options for
the cash value available to a policy owner.
Policy loans: Almost all whole policies permit the policy owner to borrow a portion
of the accumulated cash value, with the insurance company charging interest on the loan. The rate
charged to borrow the funds is often lower than current open market rates. A policy loan will
reduce the death benefit payable if the insured dies before the loan and any interest due is repaid. A policy loan will also reduce the cash surrender value if a policy is terminated. If a policy lapses or is surrendered with a loan outstanding, the loan will be treated as taxable income for the current year, to the extent of gain in the policy.
Policy dividends: Whole life contracts classified as “participating” offer the possibility of policy “dividends.” Such policy dividends are not guaranteed, and represent a return to the policy owner of part of the premium paid. A dividend may be taken as cash or a policy may offer a number of other ways the dividend might be used:
This video was produced by http://bizmediastudios.com/
Life insurance benefits and annuities are associated with some very important income tax rules that you’re going to want to know. Find out about income tax on life insurance benefits and annuities with help from a longtime financial planner in this free video clip.
Expert: Karen Lee
Filmmaker: Edward Castner
Series Description: It’s never too early to start thinking about life insurance, retirement and other types of financial-related plans that are an absolute necessity in today’s world. Learn how to get the most for your dollar and plan for your future in the proper way with help from a longtime financial planner in this free video series.
Gain an understanding of your many FEGLI choices while employed and in retirement. We will also review basic definitions of FEGLI and the options available.
Presented by Brokers Alliance with guest co-host Michael Simpson.
The hosts go through a redox of single premium life in the late 80s and brings the conversation into the twenty first century with living benefits and simplified issue.
Living Benefits — Morbidity riders embedded on a mortality chassis appears to be in contradiction in actuarial insurance construction, but this hybrid product can have several options such as catastrophic, terminal illness, critical illness and long term care.
Simplified Issue — Full and traditional underwriting in the senior market can disqualify a large segment of the senior population, but with the inclusion of simplified issue with morbidly products, the market has been expanded with a few knock health items.
The Senior Market — The baby boomers will soon be the largest segment of the senior market. The life expectancy for the boomer generation will more than likely continue to extend human longevity and lifestyle viability. But with those new frontiers comes more exposure to morbidity events.
This video was produced by http://bizmediastudios.com/
Dave is in his 40’s and lives in Tulsa, Oklahoma. He loves being outdoors, working out and spending time with his wife and kids. Shortly after he purchased his life insurance policy, Dave suffered a severe heart attack and was life-flown in a helicopter twice within several months. Dave used life insurance with living benefits to help pay his medical bills.
cancer victim is insured wit living benefits
The U.S. Department of Veterans Affairs (VA) provides life insurance for Veterans and their families. http://www.explore.va.gov
Explore VA benefits and apply.
To learn more about ‘Allstate Benefits’, please visit: http://al.st/1k9_AllstateBenefits
Connect with us on:
Facebook – http://al.st/1qYadYH
Twitter – http://al.st/1DrbLlV
Instagram – http://al.st/1wqMo1h
Google+ – http://al.st/ZLg2BU
No one can see the future, but we all know that life has an expiration date.
If something happens and you are gone, will your family be financially prepared to cover the expenses left behind? With Term to 100 Life insurance from Allstate Benefits, a cash benefit is paid to your beneficiary that can be used for any financial need that arises. Plus, our plan complements any other life insurance you have in place, giving you maximum coverage to the age of 100 with affordable rates.
Whether your time comes today or 50 years into the future — with Allstate Benefits, your loved ones will be in Good Hands.
Allstate Benefits (AB) offers a broad portfolio of products including life, supplemental health and disability insurance for individual ownership. Available Insurance products include Universal Life, Term Life, Cancer and Specified Disease, Critical Illness, Accident, Hospital Indemnity, Heart & Stroke and Disability coverage.