Quality Life Insurance Leads

The highest quality life insurance leads are undoubtedly the lifeblood for anybody in the business of selling life insurance. Batch of leads comes in and the life agents call each of them. However, often they don't get any immediate receivers. Many of them those dialed numbers go to answering machines. As a result, the bunch winds up in trash and the agents have to look for the next lot.

The issue is, the agents can be missed out on sales without even knowing it. Here are some effective tips on how to get the most out of life leads. Being a life insurance agent, you can observe the tips to enhance the sales figure on your investment towards leads.

• Be prompt – Jump on the leads as they hit your inbox. Any reputed online lead generator sends real time leads. If you can quickly draw them, you can get the prospects over the phone while they are still in front of the computer. In other words, you need to make your pitch while their need and interest are at the peak. Make sure you keep your eyes on your inbox.

 • Call prospects again and again – Don't expect the leads to pick up the telephone the first time you call; thus you may need to keep calling. When new leads hit your inbox, commit yourself that you won't stop until you get them on phone. Even if they refuse your offer, don't quit. Turning down the offer doesn't mean that they are not interested. Life leads are not always ready to give you any positive signal on the first call. So you must try again. According to leading market researchers, an agent needs to call a prospect at least 6 to 7 times before she starts to sink in.

 • Make it automated – You can make the process of following up automated. Although following up manually is always worth, yet this is not always possible due to lack of time. Moreover, the older a life lead gets the less it is worth your valuable time to be in contact. That doesn't mean those leads will surely turn into customers, but the situation may get changed over time and they may find it interesting to buy life insurance. Therefore, you must be in touch with old prospects by making the process automated and so that you don't let the chance of making a deal go.

You can take advantage of email auto responder software to make follow-up process easy and effortless. With this software, your leads will get instant mail from you when they come in. the software will be in touch with them for days, weeks and even months after. Your offers will be in front of them without letting you lift a finger.

• Buy leads – Signing up with a good online lead generator can definitely help you enhance your company's sales figure. Look for one that provides their customers with real time search engine generated life leads.

Life Insurance For Senior Citizens Difficulties

Senior Citizens Difficulties. When you get to be a senior you may have some worries of the financial burden that you might place on your loved ones. One of the ways to do this is by getting senior life insurance. Many a times seniors are under the impression that senior life insurance is difficult to get or is too expensive. This is quite untrue, there are many companies that offer life insurance for seniors with coverage and policy types that suit all budgets.

Some of the companies even offer discounts on their policies for seniors. One of the main worries that seniors have is about their funeral expenses. One of the ways that you can be sure that these expenses will be taken care off is by getting senior life insurance that will cover these costs.

What kind of Insurance is the best for you?

As a senior wanting to get life insurance, you have an option of whether to get Whole life insurance or Term life insurance. Though term life insurance for seniors is more expensive than the traditional term insurance it is the better way to go when you are looking for senior insurance. Whole life insurance on the other hand builds value over a period of time, it is not only an insurance policy but also a form of investment.

As a senior even if you are healthy, it does not make sense for you to tie up your money in this kind of a policy. Besides it would take ten years or more for you to get a return on your investment and at the same time the premiums would be quite high. This policy is meant for younger people who have the time to make their policies grow.

Though this insurance is much cheaper and more readily available to younger people, this insurance is available for seniors.The cost of this insurance may be a bit higher than if you were a young adult.But with the different options available you can find many different kinds of policies to suit your needs.Also there are many companies that offer discounts to seniors as well have different pricing options to suit every budget.

If you are looking for this insurance for senior, you will find that companies like Colonial Penn Life Insurance company have many different kinds of policies which are readily available for seniors. Some of these policies do not require you to have a medical examination and the premiums are very reasonably priced. Life insurance is difficult to get too expensive.

Today's Life Insurance

Today's life insurance. when it comes to Insurance, it is a smart process of safeguarding one's life or properties against potential eventualities that may take place in the future in course of life. Taking into account the risk factors that are associated with today's life, people need to ensure that they are not caught off guard by unusual turn of events or potential dangers that may leave them financially or otherwise crippled. Here is where the need of Insurance rises from. There are various types of insurances that one may take help of – life insurance, health insurance, disability insurance, insurance against disasters like flood, fire, accidents and so on, insurance against burglaries and thefts, auto insurance to save cars and other vehicles, home insurance to save the home and properties and so on. Things are no different in Calgary. Let us look into some of the types of life insurance schemes available in Calgary as in rest of Canada.

Universal life insurance Calgary can be defined as a certain variety of life insurance that provides much improved flexibility at a cost that is much lower than the traditional entire life insurance plans. However, Universal life insurance shares chief characteristics of the entire life along with the permanent coverage as well as premiums that remain unchanged depending upon the age, health, and the cash value accumulation of the policy holder or the nominee.

In case of Term Life Insurance Calgary, the coverage is mainly restricted to an explicit time frame that is referred to as ‘term'. At certain point in time, either the policy holder dies or the period of coverage expires. In case of the death of the policy holder, the benefit goes to the beneficiary. If case the term is outlived by the policy holder, the coverage ceases to exist on and from the end date of the policy.

Permanent Life Insurance policy Calgary, that is also termed as Permanent Insurance helps a policy holder by providing the individual an opportunity of accumulating some amount of cash apart from providing benefits in case of the untimely death of the policy holder.

As the name suggests, Health Insurance Calgary would protect the policy holder and his/her family from any financial crunch that may result from any prolonged medical expenses in case the policy holder or anyone from the family falls seriously ill. Health insurance in Calgary as in any other place would come in four variety and an individual might need one of them or at times a combination of any two of them to guarantee maximum coverage.

Disability Insurance Calgary is a scheme which would provide financial coverage to the policy holder in case the person is disabled temporarily or permanently due to an accident, illness or otherwise and hence is not being able to continue his or her professional life. There are two types of disability insurance – long and short term. While the short term provides benefit for six months the long term variety provide coverage for one, two, five or ten years or up to an age of 65. Very important life insurance policy for every one family member.

Life Insurance On Your Baby

A life insurance on your baby? Although there is much controversy around the subject, we feel that the answer is yes! Whenever we have the opportunity to utilize information or products to enhance our own or our baby's financial well-being, we must consider them (that is, the information and products). 

Not giving any consideration to life insurance on a child, we feel, is plainly irresponsible – no matter the controversy. After all, would you stop investing in the stock market because of all the negative news about people losing much of their life savings? Maybe yes, maybe no but first you would consider all information.

Below are some of the most common advantages and disadvantages of having a life insurance on a baby.

Advantages of life insurance on a baby

This type of insurance presents many very valuable opportunities:

Insurability – although most babies grow up to be healthy, if your child develops an illness later in life, he or she may have to pay much more for life insurance or may not be able to get any life insurance at all. When a parent gets a policy while the child is young and healthy, they have essentially protected that child's insurability for the amount in the policy plus any available future increases (when a rider is included).

Cash Value – Whole life insurance plans may build tax differed cash value which can be used for anything you or your child wishes. If the original idea was to have a College Savings Plan but the child changes his mind, a "Whole Life College Savings Plan" can be changed to anything you wish without any penalties.– Low risk 

Death Benefit – Although the death of a child is very remote, in that event, the death benefit can pay for funeral expenses and unpaid medical bills. In times of emotional stress, the last thing you need is added financial stress.

Financial Aid - The money may be sheltered from the financial aid need analysis process and so has no impact on financial aid. 

Disadvantages of life insurance on a baby

 Low rate of return - There is no question that the same amount of money placed in a mutual fund, for example, will likely perform much better than a very conservative whole life insurance policy.

Death benefit unlikely to be used – With people living longer and death statistics on a child being so extremely low, it is unlikely that the insurance company will ever have to pay a death claim on a baby's life insurance.

Premiums not deductible on life insurance – Unlike contributions to retirement accounts and some college savings plans, premiums on whole life are not deductible. This may give qualified savings plans (even at conservative rates) a considerable advantage over whole life insurance.

Having life insurance on a baby stirs up a lot of controversy but, the bottom line is, this is a very personal choice. For some it is mainly a financial decision while for others it is more emotional (as with grandparents who may feel that is a good way to give a long term gift to a grandchild). Parents need to do as much research as possible on the subject before deciding. Please, always feel free to ask us questions.

Basic Thing Life Insurance Or Race Life Insurance

In those days, life insurance companies routinely charged more per dollar of death benefit to African-Americans - a practice called "race-based underwriting."

That practice pretty much vanished by 1950, though many customers still paid premiums for many years into the future, and the life insurance industry paid thousands of death benefits for these policies. Currently, it is illegal for life insurance companies to discriminate based on race, and race-based underwriting - in the old sense - is a thing of the past. However, some major insurers have since paid settlements in class-action suits to compensate policyholders who may have paid too much due to race-based underwriting.

This does not mean that race don't matter when you are buying life insurance. It just means that the life insurance company has to tie its underwriting decisions to specific medical and behavioral factors that are independent of race.

For example: Sickle-cell anemia is a deadly disease that affects African-Americans almost exclusively. It would be extremely difficult or impossible to secure insurance for an individual with sickle-cell anemia. The situation is similar with Tay-Sachs disease - a disease specific to those of Eastern-European Jewish ancestry. Just because it is illegal to discriminate based on race does not mean a life insurance company must issue a policy to anyone with a known illness, even if that illness is specific to a certain race or ethnic group.

Some races, however, are more susceptible to certain common health conditions than others. African-Americans, for example, are more likely than other Americans to suffer from high-blood pressure. Indeed, according to the American Heart Association, some 40 percent of all non-Hispanic blacks have high blood pressure. This makes them more vulnerable to heart disease, heart attacks and strokes at earlier ages than other populations. Blacks are therefore more likely to have to pay higher premiums for life insurance for this reason. However, again, the life insurance company cannot charge you more because you are an African-American. They can, and do, however, charge you more because you have high blood pressure.

Meanwhile, if you are an African-American, or you have other reasons to believe you are more at risk for certain health conditions than the average person, you might want to take action now to preserve your options later in life.

1. Buy life insurance now. It's not going to get cheaper as you get older. If you are healthy now, now is the time.

2. Be proactive. Take charge of your health by eating a healthy diet and maintaining an active lifestyle. This is especially true if your job requires you to be sedentary.

3. Quit smoking.

4. Get regular checkups. If you do have high blood pressure, or some other medical condition that can be controlled with intervention or medication, the impact on your life insurance premium may be much more manageable.

It is always a good idea to compare rates offered by various companies before buying life insurance. This helps in shortlisting companies fro doing research and getting the best possible rate for life insurance.

Whether you are African-American, Hispanic, Asian or any other race, everybody can get life insurance and only your medical condition is main factor determining rate and not your race. Life secure and life more.

Your Parents Need Life Insurance

You love family and your parents have loved you, cared for you and spent their hard earned money on you, the child. Now, you feel an obligation to be there for them. You feel an obligation to the responsibility that will come when, unfortunately, they will pass away and someone will need to pay for burial costs and final expenses. In many cases, that someone will be you, the child of these wonderful but not so well prepared parents. If life insurance is determined to be one of the needed financial components, the following tips will, hopefully, help you and your parents be better prepared when one of them passes away and the last thing you will want to deal with is how to raise money for their burial and final expenses.

Determine if your parents need life insurance - Before you turn to life insurance, talk to your parents about what they have done to take care of final expenses and burial cost. Maybe they have money securely put aside or they have made arrangements with a funeral home and, at least, most or all of their burial expenses will be taken care of. Do they have assets that they want to pass down to the children? Are these assets free of liabilities – such as a home with a mortgage or reverse mortgage? These loans may need to be paid off upon one or both parents' passing.

Start early - Your mother and or father is healthy or fairly healthy today. Do not wait. Get a life insurance plan while your parents are healthy. Elderly health can change fairly quickly. Particularly, if they are not so health conscious. The cost of getting a life insurance when someone is healthy can be dramatically lower than when they have health problems. Even worse, they may not qualify for any insurance if their health is very bad. For example, most insurance companies will not want to insure someone who has Alzheimer's and cannot make decisions for themselves, even if the child has a power of attorney. Also, the younger a person is, the lower the rates and the more plan types will be available.

Select the appropriate plan – There is no point in getting a very low rate 10 year term life insurance plan to cover a long term need. What is inexpensive today will quickly become very expensive tomorrow and may expire before it is ever used. Term is good for short term needs. For long term needs use whole life or universal life. If your need is very small then a whole life will do best. If your need is larger $50,000 to $100,000+ then a universal life will work well. If all you need to do is cover a mortgage loan, then a term life insurance or even a universal life plan with an added term rider may be most economical and best suited. Make sure you share your goals with the insurance company and/or agent. They should be able to guide you properly.

Shop around – Cost of life insurance can greatly vary from company to company and so can the underwriting process. Companies that offer simplified issue life insurance plans have a very similar underwriting process. With these plans, we would just recommend that you locate the cheapest rate with a reliable company (good AM Best Rating and customer service). With companies that offer full underwriting (exam required) look for the ones that are more senior oriented. They will usually offer some of the lowest quotes and tend to give you a better underwriting outcome. Bottom line; shop for multiple low rate quotes but don't just look at the quotes. Ask a lot of questions about the plans and the underwriting process.

One last piece of advice, no matter how great the life insurance rates you find are, if the process is too complicated, many senior parents will not want to bother with the process and do nothing. Make it as easy for your parents as possible. 

Smokers Life Half Than Non-Smokers ON Life Insurance

A life insurance policy than a non-smoker. According to research by private life insurance firm Aviva Life Insurance, for a life cover of Rs 1 corer for a term plan of 10 years, a life insurance policy costs Rs 44,390 more for people who smoke.

Aviva Life research said that a smoker on an average pays Rs 12,292 annually as life insurance premium for a 10 year term plan with a sum assured of Rs 1 crore. On the other hand, a non-smoker only pays Rs 7853 annually as life insurance premium for the same policy. Term plans are those where you get the insurance amount only in the case of the death of the insured before the end of a policy term.

The private life insurer has also put the total cost of smoking for a period of 10 years at Rs 5.32 lakh. This includes an additional premium of Rs 44390, amount of Rs 3.32 lakh spent on cigarettes and Rs 1.56 lakh spent on healthcare. This has been calculated factoring inflation of 30 per cent. The cost of premium has been calculated based on the product Aviva i-Life, an online term plan of Aviva Life.

 In India, 275 million people consume tobacco. The Aviva Life research further said that there has been a 4.19 per cent increase in domestic consumption of cigarettes in 2011-12, over the previous year.

While there is a lower-premium incentive offered to non-smokers by life insurance companies, there is no such incentive by non-life companies. The only differentiation here is those people who disclose that they are smokers, while purchasing a general insurance policy, have to undergo a more rigorous medical test than non-smokers.

Reliance Life eyes higher profits in Fiscal year 2014

After clocking full-year profits for two consecutive fiscals, leading private sector insurer Reliance Life today said it expects to clock much higher profits in the current fiscal 2013-14.

Part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, RLIC (Reliance Life Insurance Company) registered a net profit of Rs 380 crore for the year ended March 31, 2013 -- marginally higher than Rs 373 crore in the preceding fiscal. The company had recorded its first full-year net profit in the financial year ended March 31, 2012.   "Though profits of our life insurance business have been flat and new business premium as well as renewals have shrunk, our new business profit margins have grown over 20%.

Reliable Life Insurance Company

Life insurance companies insurance coverage quotations are one of the most essential records that a client needs to understand information about the money that he or she is going to get. The quotations describe the client about the premiums amounts that are being charged from him or her. It is these that tell the client about the policy that he or she may opt for based on various factors.

The first essential aspect that a life quotation describes is the relation between the age and the death rate expenses that a affordable life insurance companies provider expenses the client with. It is that amount in the life quotation that describes that greater the age of the client, greater is the death rate charge. The rates for death rate according to age of the individual are usually determined by the regulatory bodies. The second thing in these in that attracts the attention of the client is the sex of the individual. The death rate expenses may vary as per the sex of the client. For instance, if the sex of the individual is described as "female" in the life quotation, there may be lower death rate expenses. Similarly, if the sex is described as "male" in the life quotation, the death rate expenses may be high.

These also contain information about the expenses that a affordable life insurance companies expenses from its clients for the services it renders. In life quotations, these expenses may be termed as the administrative expenses or the service expenses. Different organizations may use different terminology in their life quotations.

In case of ULIP plans, these also contain information about the various options of the funds that the client may want to spend money on. All clients have different risky abilities. The insurance organizations may have different levels of threat described in their life quotations. Based on the level of the threat, the client may look at the figures of returns projected in the life quotations.

In some instances, the life quotations also contain information of the records that may be required from the client at the time of application. The economical consultants use the life quotations as the complete portfolio of the all information that a client may ask for. For the economical consultants, the life quotations become the most essential papers to carry when they move out in the marketplace. Almost all the clients ask for a life quotation as the first thing that they can look at. The economical consultants are often able to convince the clients with the help of these quotations.The economical consultants describe the benefits of the affordable life insurance companies and its requirement through the life quotations.

Three Important Things For Life Insurance

There are three (3) the purpose why only few people in UK have their whole of lifestyle secured. The main cause of this is because most people think that this kind of item is too expensive for them; hence, they cannot handle it all. Aside from that, people do not spend for this because they either do not comprehend it or they do not think that there is a need for them to get for it. The two latter aspects are mainly because of deficiency of know-how about insurance protection or the procedure of getting it.

However, getting your thoughts secured is necessary nowadays. This is especially real for people who offer as the only bread-winner in themselves associates. If a personal is the only one who has a job in near family associates members, an disappointing occasion will not only effect the victim, but the whole near family associates too. For example, if a personal has been ill, his or her near family associates would definitely need to improve sources for the medical care expenses. However, if that personal has serious sickness insurance, for example, there is nothing to worry about at all.

What are the different kinds of insurance protection coverage?

With this, there are several kinds of protection of insurance protection. For example, the income protection insurance protection is a particular kind of protection that will secure a aspect of your obviously income when you temporarily cannot execute due to sickness or damage. Hence, even if you cannot execute at this time, you will still get a agreement, which may secure your expenses while restoring. Aside from this, there are also programs for serious or essential sickness.

How to find the best lifestyle insurance?

Unlike before when programs were really too expensive, there are already so many provides that will definitely fulfill your needs. So, if you are looking for the best one for you, you are assured that you can already find out one. For example, you can choose to be completely secured, whether it is income protection, lifestyle or sickness. Nevertheless, you can choose particular or limited protection too like the essential lifestyle insurance protection plan protection plan. As its name indicates, it is appropriate when you encounter from a sickness that is specific as essential sickness.

Is getting the most cost-effective lifestyle insurance protection plan protection plan wise?

Insurance recommendations are more available nowadays too. As a factor actually, you can already find out cost-effective lifestyle insurance protection plan protection plan out there that will not only fit your record, option and needs, but your economical capability as well. Hence, it is no more a justified purpose for people to not be secured just because they think they cannot handle to get one at all. However, you must still examine about the excellent publishing so that you can create the most of what you are spending for.

Best decision To The Investment Life Insurance

According to the research this year, 61% of UK family members do not have any insurance coverage protecting them. 20% of the said family members said that the reason why they do not have it because they cannot manage it when they buy life insurance. For those that have insurance coverage, 93% of them think that the economical security offered to them does not be sufficient. Moreover, 87% do not even have any protect on crucial illness.

However, this could be because it is either too costly or too complicated. Some people even think that it is a simple extra cost, rather than an financial commitment, aside from their day to day costs. Hence, they would rather use the money to buy staple items they need. Nevertheless, a model move should be created. This is because regardless of what our position is, we need to be secured, most especially if we are the bread-winner of close relatives members. This is because an cost-effective insurance coverage is now available too.

Protecting Your Income

If for some regrettable reasons, like an illness, impairment or damage, created you incapable to work, getting covered is a great help. Through earnings security insurance coverage, you would be able to substitute a part of your foregone wage. The settlement is tax-free. You could use it to pay your expenses, home loan, as well as help you on your medical costs while you are recuperating. Hence, you do not have to think that you are a pressure to your close relatives members when you instantly cannot

Getting a Serious illness insurance

No one knows when illness will attack us. It is in this light that being covered is a excellent economical planning for this. Hence, you do not have to fear about the costs when it unfortunately happens. It is also a smart financial commitment to buy crucial insurance coverage while you still have the ability to do so. In this respect, young experts are even motivated to have this one already as beginning as possible. There are also some guidelines that will also consist of pension vegetation and the like.

Insurance for Whole of life

You can also get includes, not only for earnings security and crucial illness. Instead, you may want to guarantee your lifestyle as a whole. Hence, regardless of what happens to you, your close relatives members will not fear about looking after you. In other terms, you will not be a economical pressure. You can even get the most cost-effective insurance coverage for this as beginning as now. It is best to start beginning so that the profits would be larger when the time comes that you need it. very important for Bright future and safe for family life.

Combined Or Joint Life Insurance Policy

The combined phrase quotations available through Kinetics are for "joint first-to-die" life insurance plans. This implies when you take out the plan, you are insuring two people, but the benefit is compensated only once - on the loss of life of the first of the two policyholders.

Who would want combined phrase first-to-die Joint life insurance policy plan and why?

There are several instances when a several would want to consider combined phrase life insurance plan:

New Home Buyers

The most popular use of combined phrase is for home loan protection. A combined insurance ensures that upon one of your deaths, the enduring partner will be able to maintain the home loan and pay off other related debts. And as an extra, you may be able to low cost.

New Parents

We all know kids can be expensive. Joint life insurance plan can be used to pay for expenses like childcare or tuition costs if you or your partner should pass away before your kids are grown.

Retirees

Joint life insurance policy can be a great complement to your retirement plan as it provides a several buying an top quality with more choices. When a several purchases an top quality usually their choices are an top quality that provides per month payments:

Often couples choose the latter as it leaves the staying associate a once a month earnings. However, because the top quality has to go more time (beyond the first death) the per month earnings is considerably lower then those offered through only one life top quality.

By buying a joint life insurance plan on a first-to-die basis which indicates you can purchase only one life top quality (which provides greater per month payments) without jeopardizing the earnings for the enduring associate. Why? Because when the first associate passes away, the plan will be compensated out to the enduring associate.

What time periods are available for combined phrase policies?

At Kinetics, we currently offer online quotations for 10, 20 and 30-year guidelines (referred to as Term 10, Term 20 and Term 30 respectively). Below is a brief explanation of each to help you decide which is best for you and your family.

Joint phrase 10 life plans are intended to cover relatively short-term insurance plan needs. If you believe your need for insurance plan is less than 13 or 14 decades, a 10-year plan that is alternative and convertible is your most affordable choice. This protection is most effective for those who have teenage kids and/or a home loan on a home or vacation property that is well under control yet still needs protecting.

Ten-year guidelines generally represent about 65 to 70 per cent of phrase insurance plan sales in Canada. A Term 10 policy:

Offers an preliminary 10-year phrase top quality that is fully assured (that indicates your top quality will not change over the 10 years)

Can be renewed when the preliminary 10-year phrase is over for an additional 10-year period

Is alternative until age 80 or 85 for most companies

The top quality after restoration will be greater than the preliminary rate, however continued protection is assured and you do not require a health check at restoration time.

The Life Insurance Industry

The special report this week, The Express Tribune explores the rise of the life policy industry in U.S. We take a look at its history and the reasons why more than two-thirds of the market is currently dominated by one state-owned player
(hint: nationalization had something to do with it). We examine the rebirth of private sector life insurance and how these companies are making their foray into the market. And we examine how and why banks are helping to contribute towards the increase in life insurance coverage. But most importantly, we examine just how many U.S are covered by  policy and why that number appears to be growing.

The life insurance industry does not like releasing numbers of policy holders and individuals covered by their group life policy plans. But based on some data provided by firms, as well as conversations with experts inside the industry, The Express Tribune's analysis suggests that the total number of people in U.S covered by life insurance comes to about 13.6 million in 2011, or about 7.8% of the total population.

While that number is small, it appears to be steadily rising: it was just 5.9% of the total population in 2006.
Extrapolations based on data from the State Bank of U.S and the State Life insurance Corporation suggests that the number of people covered by life policy in U.S appears to have grown at 8.3% per year for the past five years. Simply put, that means that the number of insured people in U.S doubles every ten years.

The insurance industry as a whole appears to be benefiting from this trend, with gross premiums reaching just under Rs68 billion in 2011. Over the past five years, total premiums at the life policy industry have been growing at an astonishing rate of 28% per year. Private sector life policy companies appear to be outpacing the government-owned State Life, though the difference is marginal.

So why are so many U.S opting for life policy policies? There appears to be a confluence of several factors at work. The first is the rise in formal sector employment, which now includes a greater share of U.S employed than at any time in the country's history, according to research conducted by the U.S Institute of Development Economics, a state-owned think tank.

A second factor appears to be the increasing ability of U.S households to save, and what appears to be a propensity among life policy policies holders to view their policies as a form of forced savings. More than 80% of life policy holders in U.S appear to have opted for the unit-linked policy policies, which mean that they are counting on their life policy to act as a savings mechanism in lieu of other investment instruments such as mutual funds.

A third appears to be an increasing willingness on the part of financial institutions such as banks to provide a distribution network for life policy companies. The banks have their own reasons for doing...

Universal Life Insurance In Canada

I often get the question from my clients that isn't investing a better strategy than obtaining life insurance? The answer is really depended on when will the insured pass away and make the claim. To compare life insurance with investments, let's explore the following case study.  Below is an illustration of getting universal life insurance in Canada versus investing:

Assume a non-smoker male, thirty years old, purchases a $300,000 universal life insurance policy, with the guaranteed paid up option of 20 years, his monthly standard rated premium will be $216.08. (Figures obtained from Canada Life on May 8th, 2013, and it is subjected to change.) It is a permanent coverage, therefore, the $300,000 will be paid out no matter when he dies, and the good thing is he just has to pay premiums for twenty years.

On the other side, if he doesn't purchase this life insurance policy, he could use the $216.08/month to invest. Assume the investment he picks can give him a 5% annualized rate of return.  At the 20th year, the investment balance will grow to $88,043.If he terminates making any additional contribution, and just lets the findings to grow for another 25 years, the investment amount will be approximately $298,145 which is close to the death benefits. In this case, it takes 45 years for the investments to break even with the death benefits.

In addition, there are investment risks involved, while the premium and death benefits are guaranteed and written in the insurance contract. Insurance death benefits are paid out tax-free, on the other hand, tax may be applied to the investments.  If the insured dies, his beneficiary will receive no death benefits, but only the accumulated investments. This is a self-insured method. (A person takes all the risk himself/herself instead of the insurer)

Then why would people not to have life insurance coverage? One good reason of having investments over life insurance is that it is more flexible to access the money. There are permanent life insurance that have built-in cash value, but the huge portion of the funding in the policy are still only accessible when a death claim is made. Simply speaking, most of the findings are paid out to the beneficiary rather than the insured. For people who are not accounted for any financial responsibility, directing the money towards investments rather than paying the premium may be a better alternative.

This article is not trying to state which method is absolutely better than the other, but to discuss some of the different aspects of these two approaches. It is important to understand the different choices available and your needs before making any financial decisions.

Importance Of Health Insured With Medical Insurance Of Your Life

Medical insurance for safe and cover your health and support healthy life. It has been rightly said that one should be always prepared for risks. You never know when health emergencies may victimize us. Who doesn't want to get treated at the best hospitals attended by the best doctors? A single hospitalization may drain away your hard-earned savings. Here lies the importance of getting insured with medical insurance. It is all about getting prepared for the worst. What you pay is a meager premium amount against the sum insured and come any medical emergency, your insurer takes care of the expenses. Ensure that you go for a comprehensive medical health insurance and do not forget to go through the terms and conditions before you buy your preferred policy. Almost all policies offer few common benefits; you will come across few that cover additional and unique benefits.

So, your medical health insurance provides you annual health check-up coverage. For example, if you buy a policy from Religare, your good health is what the insurer is concerned about. Your visit to a hospital may be averted if you undergo comprehensive health check-ups. Even if you have already made a claim, you are entitled to this benefit. A family plan would let yourself and other members of your family covered in the policy enjoy annual health check-ups year after year. 

You may come across the term hospitalization and day care treatment not to mention pre and post hospitalization. Before you buy your desired policy, familiarize yourself with what each terminology means. When we speak about hospitalization and day care treatment benefit offered by, say Religare, the in-patient care expenses incurred (for a minimum period of 24 consecutive hours), right from room charges to operation theatre costs, are borne by the insurer. Day care treatment, i.e. hospitalization expenses involving less than 24 hours, are also borne by the insurer. It is noteworthy to mention in this context that Religare covers a broad range of 170 day care treatments, which is one of the highest in the medical health insurance industry.

Even before your hospitalization, there may be certain expenses related to visits to the doctor, medication, and related paraphernalia. The pre-hospitalization expenses incurred are borne by the insurer. Religare also covers medical expenses incurred after hospitalization. People treatment better way with medical health insurance.