financial risks in your life

How to Manage Financial Risks in Your Life

How To Manage Financial Risks In Your Life

Every now and then we should evaluate and try to resolve any financial risks that could affect the overall financial planning in our life. Probably the three most important financial risks we should consider are:

  • The Death of the Main Breadwinner
  • Outliving Assets At Retirement
  • The Cost of A Serious Illness

Death of the Main Breadwinner

A subject no one wants to think about is DEATH.  This is a serious issue. In particular for young parents with children. It takes a long time to accumulate enough assets so that if the main breadwinner suddenly dies, there are sufficient assets for the surviving parent to be able to pay for expenses such as the mortgage, food, education expenses of the children, medical expenses, etc. Life insurance is unique for its ability to provide cash at the time it might be needed most when income is interrupted due to the death of the main breadwinner.   Term Life Insurance, in particular is an affordable way to provide your family with death benefit protection. It provides coverage for a period of time that is finite, for instance 10, 15, 20, and even 30 years of financial security. Term Life Insurance policies provide a stated benefit upon the death of the insured, as long as the death happens within the coverage period.

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Outliving Assets At Retirement

Another risk that the current generation of retirees is facing is OUTLIVING THEIR ASSETS. In other words, will you have enough assets to support your standard of living for the rest of your life after you stopped working and no longer earn an income? Any cash value that a life insurance policy builds can be used to supplement income at retirement.

One factor that will have an influence on your retirement funds is TAXES. Tax rate changes can result in volatility of the after-tax income you have available during your retirement years. Will tax rates go up? Down? Stay the same? How you answer that question may impact how you choose to center your retirement plan. 

If you believe tax rates are going to increase in the future, and you currently hold most of your retirement portfolio in tax-deferred accounts (such as 401k’s) you may want to consider reshaping your retirement portfolio to include investments that are taxed differently at tax time – when you retire.

The primary purpose of life insurance is death benefit protection, so you may have traditionally viewed life insurance as just a necessary expense. However, cash value life insurance, when purchased in conjunction with you other retirement investments, may provide an ideal way to tax-diversify your retirement savings.

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The Cost of A Serious Illness

While people are living longer, they are not necessarily living healthier. An ACCELERATED DEATH BENEFIT rider in a life insurance policy can provide cash for serious illnesses without liquidating assets. It allows  the policy owner to receive a portion of the death benefit if the insured has been diagnosed with a qualifying illness.

Most people buy life insurance to leave a legacy for those left behind, but what if you suffer from a heart attack, cancer, or stroke and continue living? It could cause serious financial hardship for you or your family. A life insurance policy, in addition to death benefit protection, can provide early access to the policy’s cash value benefit in the event of a qualifying chronic, critical or terminal illness, while you are alive.

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OSCAR G. SURIS

Florida-Licensed Life, Health and Variable Annuity Agent

(888) 950 – 8376

 

 

 

affordable life insurance

Affordable Life Insurance Rates – July 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for

  • TERM LIFE INSURANCE,
  • GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and
  • RETURN OF PREMIUM Term Life Insurance.

These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

affordable life insurance

About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain Term Life Insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will have life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE

OSCAR G. SURIS

Florida-Licensed Life, Health and Variable Annuity Agent

Toll Free: (888) 950-8376

Office: (786) 353-2528

CLICK FOR NO-OBLIGATION LIFE INSURANCE QUOTE

 

return of premium term life insurance

Return Of Premium Term Life Insurance…With A Twist

Return Of Premium Term Life Insurance on Steroids!

Traditional Return of Premium Term Life Insurance is term life insurance where you pay a level (fixed) payment for a certain term (5, 10, 15, 20, etc., years) just as with regular term life insurance. However, when you purchase the Return of Premium rider, the insurance company will return all premiums paid if at the end of the term you are still alive and have paid all premiums as due.

The 10-10-10 Plan

AMERICAN GENERAL LIFE INSURANCE COMPANY, a member of AMERICAN INTERNATIONAL GROUP, INC., (AIG) has  come up with a variation of the traditional Return of Premium Term Life Insurance, where you can buy permanent life insurance guaranteed to age 100 with Chronic Illness benefits, where you can:

  • Pay premiums for 10 years;
  • Wait (not pay premiums) for 10 years;
  • Get your money back over 10 years – as a supplemental retirement income?

Hypothetical Example

Situation – George is 50 years old and looking for $1,000,000 of coverage for his family. He wants to provide life insurance for the benefit of his spouse well into retirement, but sees that need dropping as he approaches the latter retirement years. He is also concerned about the impact of a chronic illness on his retirement.

Solution – George pays $24,000 a year for 10 years. Then, he pays NOTHING, for 10 years. Then, he takes $24,000 a year out of the policy for 10 years (tax free) using a unique feature of the policy, namely, The Lifetime Income Solution! This withdrawal of $24,000 a year for 10 years will reduce the amount of life insurance coverage to $430,000.

Insurance Benefit – $1,000,000 to age 70; then, it steps down to $430,000 by age 80 and continues to age 100, guaranteed!

This life insurance policy is available now with AIG (American International Group, Inc.). GET YOUR PERSONALIZED NO-OBLIGATIONS RETURN OF PREMIUM LIFE INSURANCE QUOTE BY CALLING (888) 950-8376; OR CLICK HERE

You can obtain a consumer brochure about this policy/product by either:

  • calling our Toll Free Number (888) 950-8376;
  • or write to info@insuranceglobe.net;
  • or click HERE to view the brochure and also be able to download it by clicking DOWNLOAD on the page that will open.

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family life insurance

Family Life Insurance

Family Life Insurance

While life insurance is mostly purchased on the life of the main breadwinner of a family, it is in fact the family of the breadwinner the one we must keep in mind when looking for family life insurance.

Family-Related Factors To Consider:FAMILY INSURANCE

  • How would your loved ones face the future without you?
  • Would their lifestyles and circumstances be the same?
  • Or would they deteriorate?
  • Would your family be able to pay the mortgage?
  • Would there be money for the children’s education?
  • And, what about the basics – would your family’s needs be met?

Sample TERM LIFE INSURANCE Rates

The life insurance policy that best meets your personal and financial needs can help provide the financial protection you need at a price you can afford. Below is an example of what the monthly costs might be for 10 years of level TERM LIFE INSURANCE.

Planning for your untimely death may feel strange, but knowing that you are providing for the security of loved ones when you are gone does not. In fact, you are going to feel good knowing that you are taking care of the most important people in your life – your family!

Making Sure You Select The Right Life Insurance PolicyFAMILY INSURANCE

Selecting the right policy for you and your family, is a process that should not be taken lightly. In fact, you should consult with a licensed life insurance agent to make sure you are making the right choice of life insurance. Just as an example, factors that need to be taken into account include:

  • Face amount of policy (HOW MUCH INSURANCE PROTECTION YOU WILL NEED)
  • Which insurance company to choose (an independent agent has access to most life insurance companies in the country)
  • Type of policy (TERMPERMANENT (GUL)RETURN OF PREMIUMWHOLE LIFE)
  • How much you can afford
  • What riders to get. Riders are amendments to the life insurance policy that provide additional benefits -sometimes at an added cost. The type, cost if any, and benefit offered by a rider do vary somewhat from insurance carrier to insurance carrier; however, they are similar and typically include the benefits outlined below:
    • Spouse Insurance Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a spouse)
    • Accidental Death Benefit Rider (If you die from an accident the insurance company pays an additional benefit in addition to the policy’s stated death benefit)
    • Waiver of Premium Rider (you do not have to pay the premium if you are totally disabled and can’t work)
    • Disability Income Rider (you collect a regular income from the insurance company if you become totally disabled and can’t work)
    • Accelerated Death Benefit Rider (also referred to as LIVING BENEFITS, the insurance company will let the insured collect a portion of the death benefit if he/she becomes terminally ill with a short life expectancy)
    • Child Term Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a child)
    • RETURN-OF-PREMIUM Rider (if the insured is alive at the end of the term and has paid all the premiums as due, the insurance company will return all premiums paid)

Make sure that the lifestyles of your loved ones are protected. What you do today could be the most significant step you will take to secure your family’s future.

The Next Step To TakeFAMILY INSURANCE

Now that you have done a serious evaluation of your life insurance needs, the next step is to start searching for the life insurance policy that best meets your personal and financial needs. You can start the search yourself by using the QUOTE ENGINE that appears on this website. Just click on QUOTE ENGINE  and follow the steps when you are on that page.

Or, Contact Us By:

  • Calling Our Toll Free Number (888) 950-8376
  • Or Write to info@insuranceglobe.net

Related Posts

affordable term life insurance rates

Affordable Life Insurance Rates – May 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for TERM LIFE INSURANCE, GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and RETURN OF PREMIUM Term Life Insurance. These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

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About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain term life insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE

OSCAR G. SURIS

Florida-Licensed Life, Health and Variable Annuity Agent

Toll Free: (888) 950-8376

Office: (786) 353-2528

 

 

 

 

 

seguro de vida con devolución de prima

Affordable Life Insurance Rates – April 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for TERM LIFE INSURANCE, GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and RETURN OF PREMIUM Term Life Insurance. These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain term life insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE