Life Insurance Basics

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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
How to Keep those Life Insurance Premiums Low

Have you ever thought about purchasing life insurance? Lately I've been doing research on life insurance and found out that the premiums people pay can vary greatly. Studies show that three fundamental factors that affect...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
How Much Insurance Do You Need?

This is a subject that most people would just prefer to ignore. After all, it requires you to face your own mortality and then make some hard decisions about how you want to provide for your family after your death. A recent...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Is There Still a Need for Second-to-Die Life?

Survivorship life insurance policies, also known as second-to-die life, insure two lives, with the insurance proceeds paid after the death of the second insured. This insurance is often used to provide financial liquidity to...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Reevaluate Your Life Insurance at Retirement

As retirement age approaches, it's usually a good time to reassess your life insurance policies, since your needs may change then. With your children on their own and no earned income to replace, you may no longer need a...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Estate and Tax Planning for Qualified Plan Assets using Life Insurance

Executive Summary This article discusses and compares a wide range of planning options for maximizing and transferring qualified plan assets from a plan participant to his or her heirs. For demonstrative purposes, the focus...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Wealth Replacement with Life Insurance

More often than not, life insurance is purchased to provide financial relief to dependents in the event that a family's breadwinner(s) prematurely dies. This is the most significant use of that product. Yet, in the...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Coming to Grips with Life Insurance

Life insurance is one of those things you know you should pay more attention to, but can never seem to get around to doing. Part of the reason is an unwillingness to deal with our own mortality. But the vast array of...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Life Insurance 101

This is a topic for mass debate - schools of thought reign supreme here just like in the old school of what car company do you prefer - Ford, Dodge or Chevy. This is a much more important topic than just bragging rights; it...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Don't Believe The Hype! About Your Insurance

I have read perhaps thousands of articles and books on the topic of financial planning and I am still amazed at how many articles and books mislead so many people about what type of life insurance to buy. Many of the self...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Common Insurance Mistakes We All Make

We all know we need insurance but it's not usually at the top of our priority list. Insurance is a valuable tool to protect our families from unforeseen events that can severely damage their financial futures, but it does...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Term Conversion: A "Permanent" Solution

Term insurance is typically purchased to protect a growing family from the catastrophic loss of a "breadwinner". Lower initial premiums offer the flexibility to fit immediate needs. However, over time, a more permanent and...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Profit From Your Insurability

Proper financial planning involves making sure you are taking advantage of every available asset and financial opportunity. However, there is one asset people often ignore that could potentially add hundreds of thousands...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Before You Let Your Life Insurance Lapse, Consider Selling It

Most people think that their life insurance policy has no value until they die. But a market is emerging for buying and selling existing life insurance policies. If you currently own term or universal life coverage that you...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
How Much Life Insurance Do I Really Need?

Life insurance is a topic that concerns many people, yet very few actually take steps to make sure they are properly covered. According to a 2003 MetLife study, 49% of the respondents are concerned about their family's...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Survivorship Life Insurance and Your Estate Plan

Benjamin Franklin wrote "in this world, nothing can be said to be certain, except death and taxes." Unfortunately, in the area of estate planning, both of these factors must be considered for couples with larger than...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Determining the Right Amount of Insurance for You

Here's a reliable rule of thumb when it comes to buying the right amount of life insurance: there is none. While it's easy for some so-called 'experts' to say everybody needs life insurance protection equal to 10 or 20 times...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Industry Wide Term Life Insurance Pricing Changes Mean Lower Premiums for Consumers

In August of 2004, a Wall Street Journal article announced term life insurance rates were at rock bottom and would soon begin to climb. The exact opposite has occurred to the benefit of the consumer in this extremely...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Industry Wide Universal Life Insurance Pricing Changes Require Immediate Action

Prices are rising and availability is shrinking for some advanced insurance aged clients seeking the guarantees Universal Life Insurance (UL) offers. The new versions being introduced in the marketplace are showing UL...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Keeping Your Legacy Alive with Last Survivor Insurance

Did you know in 2004, the federal government collected more than $25 billion in estate and gift taxes? Although there is no known number for the amount of family fortunes and legacies lost to this form or taxation, rest...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Prostate Cancer Survivors Are Now Quickly Insurable at Standard Life Insurance Rates

In a recent press release that garnered little mainstream press, one major life insurer has turned what has been a difficult insurability situation for many prostate cancer survivors into a non issue going forward. To...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Permanent Life Insurance Basis: A Forgotten Source of Tax Free Cash

Remember all those premiums you have paid over the years on your Whole Life (WL), Universal Life (UL) or Variable Universal Life (VUL) policies? Did you know even life insurance policies have a basis, not just stocks,...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Breast Cancer Survivors Are Now Quickly Insurable at Standard Life Insurance Rates

In a recent press release that garnered little mainstream press, one major life insurer has turned what has been a difficult insurability situation for many breast cancer survivors into a non issue going forward. To date, no...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Term, UL, VUL and Whole Life Insurance: The Differences

Many people are under the impression that they must buy one type of insurance, or the other. One choice or the other choice decision, period. The truth is, you could all types of coverage in force at the same time, on the...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
What Will Happen To Your Life Insurance When You Are 91?

Many life insurance policies that were purchased within the last ten years have been severely affected by interest rate declines, putting their viability into question. Most insurance owners are not aware that, in view of...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Time to Review Your Variable Universal Life Insurance Policies

Equity markets have been very strong performers in 2005 and year to date in 2006. VUL policies that contain this investment component in addition to the insurance component are responding to consumer demand for...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
The Basics of Life Insurance

The purpose of life insurance is to do one thing, and that is to replace the income of the breadwinner if he or she should die prematurely. A premature death means that the person in question still has financial...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Ruminations on Term Insurance as an Investment

The title of this paper may have surprised you since rarely would someone call term insurance an investment. I don't sell insurance, however I think there is opportunity here in some situations by using a term policy with...
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Personal Finance | Insurance | Life Insurance Basics | Wiseradvisor.com
Buying Life Insurance: How Much is Too Much?

Making decisions regarding life insurance may seem simple enough if you believe what you see and hear in television and radio advertisements. However there are many things to consider and wading through the sales pitches...
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