Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Save to My Library
Look up keyword or section
Like this

Table Of Contents

Why Do You Need This Book?
How to Use This Book
Don’t Miss Our Web Site
Myths about Life Insurance
Myth 1: I only need life insurance if I have kids
Myth 2: Life insurance is a bad investment
Myth 3: Life insurance is unnecessary for older people
The Purposes of Life Insurance
Providing protection for beneficiaries
Using life insurance as an investment
Using life insurance as a tax shelter
Using life insurance as part of your estate planning
The Economics of Your Life
Your income
Your cost of living
Your uninsured medical costs
Your Survivors’ Needs
sEstate taxes
Estate taxes
The cost of dying
Future expenses
Age — Yours and Your Survivors’
Life expectancy
Cost of premiums
Avoiding tax consequences
Spreading the wealth
For business owners
Rates of Return
Viatical Settlements
sUnderstanding term insurance
Understanding Term Insurance
Exploring Options in Term Insurance
Renewable term
Age limits
Convertible term
Decreasing term
Re-entry term
Employee benefits
Summing Up
Comparing Term Insurance Policies
Cash Value
The investment concept
Tax benefits
Rates of return
Traditional Whole Life
Death benefit
Policy loans
Interest-Sensitive Whole Life
Single-Premium Whole Life
Comparing Whole Life Insurance Policies
How Universal Life Works
Generating Interest
Borrowing Against Your Cash Value
Death Benefits Options
Option 1: Fixed death benefit
Option 2: Increasing death benefit
Which option is for me?
Choosing your premium
Prepaying your premium
Comparing Universal Life Insurance Policies
Variable Life
Variable life investments
Variable life death benefits
Straight versus universal variable life
Other terms of variable life
The bottom line on variable life
Group Life
Industrial Life
Mortgage Insurance
Endowment Policies
Family rider protection
Double indemnity
Nondeath and living needs benefits
Cost of living adjustments
Guaranteed insurability
Policy protection: Waiver of premium
Selecting the Right Company
Checking into a company’s ratings
What if the company goes belly-up?
Selecting the Right Agent
Shopping for Insurance Online
Buying through the Mail
Qualifying for the Coverage You Want
Taking the medical exam
What “high risk” means
What if I fail the exam?
How Premiums Are Calculated
The costs of term insurance
The costs of cash-value insurance
Mortality Charges
Comparing Rates and Companies
Keys to comparing term insurance policies
Keys to comparing whole life insurance policies
Keys to comparing universal life insurance policies
Death Benefit Payment Options
Taking a lump-sum payment
Choosing installment payments
Maintaining the principal: Interest-only payments
Making it last: Payments for life
Joining together: Joint life income
Setting up special options
Provisions and Exclusions
Age and sex
Non-commercial aviation
Dangerous activities
Incontestability clause
Premium provisions
Filing a Claim
Steps to filing a claim
Choosing among settlement options
0 of .
Results for:
No results containing your search query
P. 1


Ratings: (0)|Views: 34 |Likes:
Published by raisasafina

More info:

Published by: raisasafina on Feb 21, 2011
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





You're Reading a Free Preview
Pages 4 to 28 are not shown in this preview.
You're Reading a Free Preview
Page 32 is not shown in this preview.
You're Reading a Free Preview
Pages 36 to 120 are not shown in this preview.
You're Reading a Free Preview
Pages 124 to 130 are not shown in this preview.

Activity (4)

You've already reviewed this. Edit your review.
1 hundred reads
MyInfoHQ.net liked this
Ashok liked this
Ashok liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->