Variable universal life insurance
Variable universal life insurance joins life insurance protection and an investment opportunity into one product. With the ability to invest in professionally managed investment options, you can accumulate cash value while still being able to provide your family with death benefit protection.
Death Benefit Guarantee Options
- we offer a rider with our variable universal life insurance policies at an additional cos. This guarantees our clients a minimum death benefit regardless of investment performance, for a certain period you choose as long as the guaranteed minimum premium requirements are met.
- Access to Cash Value
- The cash value and liquidity of variable universal life insurance have fincanced and help perosn with their child's education, purchase a new home or pay for expensive health care costs. If you are looking for insurance protection and don't mind investment risk then a variable universal life insurance policy with a combination of protection and investment options is what you are looking for.
Life insurance is a long-term purchase and investment. The last thing you want to do is spend twenty years of your life paying on a term policy only to have the company go out of business. Shopping around for a stable insurance provider with a secure future is absolutely necessary. Start looking at the agency's history and then consider their ratings from A.M. Best, Standard & Poor’s or Moody’s. Review the provider’s current size, offerings and awards to decide if it is a smart choice. Here is some information on the top life insurance companies to give you an idea of what you may want to do.
• New York Life – Rated AAA by S&P, they were founded in 1845. A Fortune 100 company, they are the oldest insurance company and one of the largest. They continue to experience strong sales every year and currently have more than $15 billion in surplus funds.
• Prudential – Founded in 1875, this agency has an A+ rating with A.M.Best. They operate in three continents and offer a wide range of services and products. They currently have more than $883 billion in assets and have received both national and international awards for being an excellent employer.
• Mutual of Omaha – Rated A+ by A.M. Best, this company dates back to 1909. Their net income in 2009 was $144 million and rose in 2010 to $248 million. Even before the market collapse hit the banking industry, this agency was taking steps to increase surplus and reduce risk-based capital.
There are several factors to take into account when purchasing life insurance. However, the biggest consideration must be choosing a stable and secure company. Once you know which insurance company you feel the most comfortable with, then you can start making decisions about the policy amount and the final cost.
Do you need Health Insurance?
- When it comes to health insurance, you need it! Health insurance protects you from unexpected medical bills and will also cover annual checkups and preventive procedures. When it comes to health insurance, the annual cost, some people feel is not worth the annual cost, but a simple surgical procedure may cost thousands of dollars. With bankruptcy, medical debt is one of the leading causes of it. You can get health insurance from either independently or through your job. A high-deductible insurance plan can be inexpensive, and will include big coverage in case you had an accident or a serious illness.
do you need life insurance?
- Life insurance is needed. Life insurance pays money to a beneficiary on the death of the policyholder. Why do you need it? Individuals with families should purchase life insurance to provide for their children if they were to die. You should have about 10 times your annual income in life insurance. It's good because this money can be used to pay off debts, provide daily living expenses and pay for college tuition.
There are different types of life insurance, but term and whole life are the basic types of policy. Term insurance has a cheaper premium and will last for a short period of time. Whole life insurance has higher cost of premiums and lasts your entire life. A whole life policy can be cashed out, and you can take the investments out to pay for other expenses. However, the rate of return on the investment portion of the policy is very low.