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Leaving a Financial Legacy to Your Great Grandchildren

Jan 30

Posted by admin in Insurance

Children are Special… Especially when it comes to Life Insurance. Children are expected to be on the planet for a long time (0-100+ years, according to the new Mortality Tables.), so their life insurance rates are less expensive than an adult or even a teen! Once a child passes the age of 14, they fall into a different pricing category. It’s logical. When is the last time you had one of your teenagers plop on your lap and tell you they love you?

Life becomes more dangerous for teens after the milestone year. They are no longer considered cute and cuddly by the insurance industry, and subsequently cost a few pennies more to insure than your toddler. (But teens still get a better rate than you or I.)

But to make a short story long, I give you a sample illustration of the power of youth: “The Merry Child Story”

This is Merry Child. She is only 2 years old. Her parents want her to have a great life when they are no longer around to take care of her. (The Childs plan to move to Venezuela when they retire.) They have opted to insure their precious little bundle of joy for $500,000.50 (the 50? is to prevent having more insurance on Merry than on themselves, but sorry, my illustration software rounded the 50? up to $1.00 anyway, so Merry has the same amount as her folks).

Since I am their agent, and did not get this same financial opportunity from my parents when I was a toddling agent, I suggested that the Childs sink their hard-earned Benjamins into a Flexible Premium Universal Life Insurance Plan, like their own. (Try saying that one ten (10) times!) They will pay a $437.50 quarterly premium, which is slightly less than the cost of 20 pounds of Starbuck’s? Black Apron Exclusive? Costa Rica Whole Bean Roast, La Candelilla Estate Coffee?. (Try saying that once!)

At age 18, Merry is guaranteed to have a college fund of $20,710.00, (possibly $27,614.00, based on current interest rate), and a death benefit of $500,001.00. After four (4) or five (5) years of higher learning, Merry will get a super job in Business, and begin to repay the loan she borrowed from her Flexible Premium Universal Life Insurance Plan, with a little help from good old Mom and Dad.

With ten years of rigorous ladder climbing under her belt, (and at the tender age of 33), Merry gives in to her fianc?’s proposition of marriage and embarks on her next wonderful adventure, with her new husband Joselph Manger, (pronounced: Yoself). Her cash value is now a guaranteed $49,826.00, (possibly $90,572.00, based on current interest rate), and a death benefit of $500,001.00.

Merry and Joselph buy a home and start working on a family of their own. They decide to follow in the footsteps of Merry’s parents, the Childs, and have only one little bundle of… you know. By the time there new son, Michael, is a toddler, Merry is 36 years old. Her Flexible Premium Universal Life Insurance Plan cash value is worth $56,647.00 to $110,159.00, (depending on guaranteed or current interest rate), and she has a long-standing death benefit of $500,001.00. She decides to purchase a similar plan for Michael. (Don’t worry, we won’t get into that.)

Seeing that their daughter Merry is in the safe and loving hands of Joselph, the Child’s, who are now retired, have opted for Life Settlement. They cash in their own $500,001.00 Flexible Premium Universal Life Insurance Plan for a measly $250,000.00, and move to Venezuela . Their $250,000.00 becomes $ 536,150,000.00 when converted to the Venezuelan Bolivar (VEB). Though their Espa?ol is really not that good, they live happily ever after, in the lap of Venezuelan luxury.

Another 29 years whisk by. Michael has finally moved out of the house,(yesterday), and the Mangers, (Merry and Joselph, come on, keep up), decide to retire on the beautiful shores of La Jolla, (pronounced: La Hoya), California . Merry’s Flexible Premium Universal Life Insurance Plan cash value, (depending on who you ask), is now worth $73,862.00 to $575,836.00, and her death benefit is $702,520.00. Life is good, so she decides to “let it ride” another 30 years or so. (Seeing how Michael has decided to become a Missionary, and single-handedly save the world. You go, Michael!)

At age 95, Merry, who is now a widow and grandmother of 12 fledgling missionaries, logs in to the Virtual Reality Online Portal, (formerly known as the internet), to check the status of her Flexible Premium Universal Life Insurance Plan. Her cash value is estimated to be worth $2,744,076.00, and her death benefit is $2,771,517!

Five years later, at age 100, Merry commends her spirit to her Heavenly Father. She becomes a guardian angel to her great grandchildren, when she leaves a legacy of $3,595,193.00, tax-free, to her heirs. (Not to mention her La Jolla Estate, a Venezuelan Villa and a warehouse full of luxury automobiles!)

The moral of our little story? GET A LIFE!! (A life insurance plan, that is, for your little merry child.)

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How to Choose a Life Insurance Policy

Jan 19

Posted by admin in Insurance

If you have a spouse or children, it will give you peace of mind to make sure that they will be safe and secure when you pass away. The best way to do this is to purchase a life insurance policy. There are thousands of different companies offering life insurance. But how do you choose an insurance policy that is right for you?

To help you to make an informed decision when you come to choose a life insurance policy, you need to understand exactly what a life insurance policy is, who needs a life insurance policy and how to distinguish between the different types of policy

In simple terms, a life insurance policy is a guarantee on the life of the insured person. When the insured person dies, the insurance policy will give their beneficiaries a specific amount of money. The insured person makes a payment, known as a premium, usually on a monthly basis for a given period of time.

The amount of the life insurance policy premium is usually determined by factors such as the age of the person, their gender, occupation, whether or not they smoke, medical history, along with the amount that is required to be paid out on death.

There are four main kinds of life insurance policy.

Whole life insurance policy. – a whole life insurance policy lasts for the entirety of the insured person’s life, as long as the premiums are kept up to date. As the life insurance policy matures, it builds up interest, so the longer the insured person lives, the higher the payment to the beneficiaries will be. Some types of whole life insurance policy programs also offer dividends for the insured person.

Term life insurance policy ? a term life insurance policy is policy that pays out to the insured person’s beneficiaries as long as the insured person passes away within the fixed term specified in the term life insurance policy. For example, a 10 year term life insurance policy would only pay out only if the insured person passed away within the 10 years. This is the least expensive type of life insurance.

Universal life insurance policy ? a universal life insurance policy is the most flexible type of life insurance policy. This type of policy allows you to adjust the term and the premiums to suit your personal needs. Universal life insurance stays in effect as long as the cash value can cover the costs of the policy

Variable life insurance policy – a variable life insurance policy allows the insured person to decide exactly how the insurance payments should be invested. With a variable life insurance policy, it’s possible to tie the performance of the policy with the financial markets.

In general, every person should take out a life insurance policy, but this becomes even more important if you have any loved ones such as a spouse, children, or aging parents who are dependent on you. It’s a difficult enough time when a loved one passes away, but a life insurance policy at least allows you to make sure that the loved ones you would leave behind would be taken care of in their time of need.

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Entertainment and Insurance?

Jan 15

Posted by admin in Insurance

People usually don’t expect to hear the words “insurance” and “entertainment” in the same sentence. Insurance is something you need, or wish you had, in the event of an emergency or even a tragedy. For example, you need car insurance when you’re involved in an accident, when your car has been vandalized, and even when your car has been stolen. You need homeowner’s insurance if your house catches fire, your valuables are stolen, or someone is injured on your property. You need health insurance to help pay for any kind of medical attention. And you, rather your family members, need life insurance in the event of your death.

Entertainment, on the other hand, is meant to entertain people; to make them smile, laugh, cry ? whatever it takes to make them enjoy themselves. Entertainment isn’t about protecting yourself or anyone else. Entertainment is about making sure people have a good, and safe, time.

So, “insurance” and “entertainment” seem to have absolutely nothing in common, right? Wrong. There are many forms of entertainment out there that may make you and your family members wish you had some form of insurance.

Take stunt performers for example. These are the people who step in during television shows and big screen movies to perform the stunt scenes, i.e., the dangerous actions that most actors and actresses aren’t trained to perform, or would simply rather not perform. Stunt performers are also the clowns and lion tamers and tight rope walkers who provide you with entertainment at circuses around the world. Stunt performers are trained professionals who can usually pull of a stunt with what looks like amazing ease and grace; however, accidents do happen. Stunt performances can turn dangerous, causing injuries and sometimes even death. In the event injuries or death occur it’s reassuring to know that some kind of insurance, whether it’s health or life, is there when you and your family members need it.

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Remember How Important It Is To Safeguard Your Credit Reports

Dec 25

Posted by admin in Credit

Your credit score is a very important number in your life and it is vital that you try and take care of it, the best way that you can. These credit reports that holds that vital number not only contains all your credit and payment history, good or bad, it also has your Social Security number, birth date, current residence, current and past employment. It also shows your payment history, any liens or bankruptcies you may have had in the past. Everything paid or not paid will show up and influence your score.

This credit score is a rating or number that pretty much sums up your credit worthiness. The range is from 100 points to 900 points. All the major credit agencies use a very complex system to calculate what your score actually is according to their standards with a special formula.

This formula will take into account your payment history, the amount of and the age of the lines of credit that you have open, how long you have actually had a credit history established, the different types of credit accounts that you have and the total amount of available credit that is available to you. They also include how many times your credit has been checked. All of this and more make up your score.

Those who look into your credit history will decide what kind of a person they think you are based upon one single credit score. The worse the score the less likely that they will ever consider giving you credit. All that is on your report will have negative, neutral or positive influence on your score. Any type of negative will stay around for at least seven years and if you are unfortunate enough to have to file bankruptcy, you will see that hanging onto your credit report for a long ten years.

Remember, it is the negative marks that are found on your credit history that will have a major impact on the actual credit score that you will receive. A severely bad score can even impact you when trying to find a job, especially if the job that you are applying for is one that pays $75,000 a year or more. Having a low score can even make it difficult for you to purchase life insurance.

With so much threat of identity theft and human error, it is very important that you keep a very close eye on your credit score. Probably the easiest way and quickest way to check your credit report is to simply order it online. You will most likely get a copy of it as soon as you finish filling out the form.

If you find that there might be some major discrepancies it is vitally important that you take control immediately and contact the credit bureau for investigation.

If you have been looking for a place to live, a job or trying to get credit and you have been denied all or any of these, it is your right to get a copy of your credit report so that you can see exactly what they saw and why they denied you.

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Think Before You Get Crazy And Get A Life Insurance Quote In Canada Today

Jul 22

Posted by admin in Credit

Are you a dad? Or a mom? Have kids? Want kids someday?have or want children? Are you married or passionately in love and cannot think of living another day without them? Close friends or anything? Anyone to care about?

Wonderful, you are not made of solid rock.

You might need to get a life insurance quote in Canada if you resonated with the above questions with a happy tear drop, half smile, or nervous chuckle. The reason, you ask? Because you are Canadian.

Oh, why do you need life insurance? Let me tell you.

Here is the scenario: You decide to get wild this late winter and you and some friends want to take a week off, run up the Alcan, and check out the Aurora Lights up North. So, up you go, and you arrive in Whitehorse with all the roughnecks. You get a night or two of great light spottings, a lot of darkness, and warm beverages – or beverages that keep you warm.

Before you leave, you decide to go dog sledding. No harm in dog sledding, you are leaving right after anyway. Well, while you are mushing, you die. (No details were recovered).

Okay, so now you are dead and have some children, a spouse, dear relatives, or people you care about back home left without you. Are they going to get through this? The last impact you had on them was the big funeral bill. It is going to be fine, though, because at least you had life insurance.

You are saying you did not purchase life insurance?

THAT is why you shoud get life insurance. So, are your loved ones protected?

You can opt for many different ways to protect your family, but over all it will give you the peace of mind you need and deserve.

So before you do get crazy and go on some random trip, get to looking around and get a life insurance quote in Canada that makes sense for you, your budget, your life style, and the kind of protection you want to leave behind.

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Online Insurance Quotes: From Yesterday To Today

Jun 10

Posted by admin in Credit, Insurance

There was once a time you had to look through a phonebook to start the quest for insurance quotes. A select set of tiny names of people you did not know or did not know what they could give.

The majority of the time, you kept calling until you found one that was affordable enough that it was worth you being able to quit calling around so much. Even then you probably did not know if you got the best deal you just settled with one.

The problem continued further if you lived in a small town, because the list was only a couple of people long and you did know who they were and more than likely, you did not like them. The insurance man came to small towns a couple of times a year, so there was always that option. Or you would travel off to the big cities you had to if you wanted a competitive rate.

The internet days showed up and you could sit naked at home and shop for clothes in San Francisco. Or you could instantly get pictures of your family vacation in Nova Scotia while you were stuck at work in Vancouver.

Then the big stuff starts to come online. You could purchase cars, houses, toys, or anything over the internet. As complicated as it can be at times, it made looking for insurance a lot easier than it used to be.

You could reside in the Yukon and get insured by someone in Vancouver if they were the lowest bidder. The insurance business changed; the cheaters were weeded out, small businesses were getting noticed, and, most importantly, you were getting the best deals.

If you visit www.infoprimes.com you will see what I mean. You can look for whatever you want life, mortgage, or disability for example. Fill out your information and you will see a host of providers and competitive rates.

Right there, on the spot, you will be able to shop online and all over the country for providers who want to give you the best insurance rate you can. www.infoprimes.com has lots of tools like money saving applications to make you financially responsible.

A one-stop place for all your insurance needs who would have thought. Go to www.infoprimes.com now and lower your frustration and get all your shopping done at one time.

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The Overwhelming Time Of Finding Canadian Onine Insurance Quotes

Jun 8

Posted by admin in Credit

You have worked and tried, but it will not get out of your head. You have to do something your insurance is about to expire. The stress is not fun. The anxiety is almost not worth going through.

But you need to be covered. Reluctantly, you search for insurance Quotes Online for Canadians. A massive list of search options come up, most of which do not even apply to you. On top of that, staring at you in the monitor is a ton of companies vying for your business a sea of lists of companies who can give you the best deal.

Do you work down the list and click on each site from top to bottom until you settle on a deal? (Key phrase: settle).

Not so grand, is it? And all that is going through your mind is the way things used to be. It used to be that there was the insurance man in every city and he was not that hard to find. Now, its hard to think of: almost like the Monopoly man that strolled around with a curled mustache, a top hat, and a cane who knew everyone and never said a bad word about anyone.

Today, however, it is more convenient, but much more complex. Social media destinations are cramped full of advertisements for insurance. Twitter is pumping out insurance commercial tweets. All over the internet, you cannot escape the advertisements.

It creates so much stress. But the bottom line is: you need insurance. Your home needs coverage incase of a fire or theft. Getting in a car crash is pretty much inevitable and there is a good chance the other driver will try to sue you for it. (Oh, right, that is just Americans.) Or what if something bad happened and you died, are you insured to protect your family?

It is true that insurance shopping is overwhelming and more complex than ever. The insurance man would make things easier, but hes about as fictitious as the unicorn. But, because he does not exist does not mean that insurance is hard to find. Also, it does not mean that you cannot find a company that treats you fairly, gives you expert advice, and really is wanting your best interest.

We like to think that in the midst of a complicated, twenty-first century world, we can offer Canadians a great replacement to the insurance man. Go to www.infoprimes.com to get the best service, expert advice, and a virtual top hat and umbrella level of service.

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