LIFE INSURANCE

Life insurance is most important thing you should get in your life. Life Insurance will provide a lump sum payment equal to the policy limit upon the death of the person whose life is insured. Life insurance provides protection against your debt, your estate tax and funeral expenses.

Whether you are in your 20’s, 30’s or 40’s it’s never too early or late to prepare. For future considerations you should always feel at ease with a little bit of a cushion just in case. I provide great Life Insurance packages with some of the most reputable companies in the business.
Payment of the life insurance proceeds is made to the policy beneficiary. The beneficiary of the life insurance policy may be the spouse, children, employer or estate of the insured person, or some other designated person.
Beneficiary can use funds to pay off funeral expenses, pay off outstanding mortgages, provide for surviving family members, pay estate taxes, and provide a donation to a favorite charity, or a number of other uses. The type of life insurance policy limit which you select will depend on the reason why you are buying the life insurance.

There is three type of life insurance.

Universal Life Insurance
Universal Life works very well for people who have a permanent insurance need and want the flexibility and control to change premium levels, investment options and coverage levels.

The Guarantees: Be sure you understand what is guaranteed and what is not. Typically, most of the insurance charges are guaranteed in some form.
Cost of insurance
YRT/ART: means annually increasing. Your premium will go up every Year.

Level: Your premium will stay level, except tax charged by government. In some cases government tax is also level. For this always consult with your advisor.

Your tolerance with risk: Because universal life has a flexible investment component, it’s more important than ever to be aware of the investment risk associated with the various investment options and that they match your risk tolerance. It’s crucial that your representative also understands your tolerance with risk. Do you want to take risks with your life insurance policy or should riskier investment vehicles be held separately. Always ask professional person to explain you the risk. Speak with a Qualified Professional today to help choose the right Universal Life Insurance plan for you.

Annually charges: Always check annually charges in illustration which you are responsible to pay every year.
Nobody likes to think about Life Insurance yet it’s one of the most important thing you should get in your life. Life Insurance will provide a lump sum payment equal to the policy limit upon the death of the person whose life is insured. Payment of the life insurance proceeds is made to the policy beneficiary. The beneficiary of the life insurance policy may be the spouse, children, employer or estate of the insured person, or some other designated person or organization.

Life insurance proceeds can be used to pay funeral expenses, pay off outstanding mortgages, provide for surviving family members, pay estate taxes, and provide a donation to a favorite charity, or a number of other uses. The type of life insurance policy limit which you select will depend on the reason why you are buying the life insurance.

Whether you are in your 20’s, 30’s or 40’s it’s never too early or late to prepare. For future considerations you should always feel at ease with a little bit of a cushion just in case. We provide great Life Insurance packages with some of the most reputable companies in the business.

Term Insurance
Term Insurance is the low-cost, temporary insurance protection. It is generally used for a large amount of insurance at the lowest possible initial price.
Always consider following things before you buy Term insurance are:
How many years, you need protection: 10 year, 20 year, 30 year, 100 year.
How much is your premium: The amount you suppose to pay.
At renewal how much is the premium: The amount you suppose to pay at renewal time.
Conversion option available: Will you have the flexibility to convert your term coverage to permanent at some point in the future?

Participating Permanent Life Insurance
This type of insurance typically has a guaranteed basic premium, guaranteed basic coverage and guaranteed cash values. Participating insurance works well for people who have a long-term focus and for people who would rather have the investment component of their policy actively managed by investment professionals.
Speak with a Qualified Professional today to help choose the right Participating Permanent Life Insurance plan for you.

Sahib Insurance advisor will help you to choose best life insurance policy available in the market.