LIFE INSURANCE GENERAL
INFORMATION
INFORMATION
ANNUITY, ANNUITY,
ANNUITY-------------KNOWLEDGEFINANCIAL.COM
Take advantage of potential market gains while protecting
yourself from market downturns. Get guaranteed income
for life. By investing a portion of your retirement savings in a
variable annuity, you can:
choose from investment options that have the potential to
grow
purchase optional features that offer protection from
market downturns
A variable annuity is a contract between you and a life
insurance company where, in exchange for your purchase
payments, the insurer agrees to pay out a lump sum or a
steady retirement income at a later date. Variable annuities
are long-term investment vehicles designed and generally
suitable for retirement purposes.
I want retirement income for the rest of my life, starting now.
Immediate annuities can supplement other sources of
retirement income with payouts that begin soon after you
buy them. They can be a good choice if you're retired or
about to retire.
Typically, they're purchased with a single payment that's
converted to a steady stream of income that lasts a lifetime
(or a specified number of years). Some options let you pass
payments on to a beneficiary after you're gone.
---------------------------------------------
The two types of immediate annuities:
Immediate fixed annuity, which protects your retirement
with steady, predictable income
KNOWLEDGEFINANCIAL.COM
Immediate Fixed Annuity
Income annuity is a product designed to provide you or a
loved one a guaranteed income for as long as you need it,
whether that's for a specified number of years or for the
rest of your life.
They are also the only financial vehicles that can guarantee
you a steady income for the rest of your life, (or your lifetime
and that of a spouse or loved one) no matter how long that
is.
.
Immediate Variable Annuity
immediate variable annuity gives you the option to receive
variable and fixed income within 12 months.
ANNUITY-------------KNOWLEDGEFINANCIAL.COM
Take advantage of potential market gains while protecting
yourself from market downturns. Get guaranteed income
for life. By investing a portion of your retirement savings in a
variable annuity, you can:
choose from investment options that have the potential to
grow
purchase optional features that offer protection from
market downturns
A variable annuity is a contract between you and a life
insurance company where, in exchange for your purchase
payments, the insurer agrees to pay out a lump sum or a
steady retirement income at a later date. Variable annuities
are long-term investment vehicles designed and generally
suitable for retirement purposes.
I want retirement income for the rest of my life, starting now.
Immediate annuities can supplement other sources of
retirement income with payouts that begin soon after you
buy them. They can be a good choice if you're retired or
about to retire.
Typically, they're purchased with a single payment that's
converted to a steady stream of income that lasts a lifetime
(or a specified number of years). Some options let you pass
payments on to a beneficiary after you're gone.
---------------------------------------------
The two types of immediate annuities:
Immediate fixed annuity, which protects your retirement
with steady, predictable income
KNOWLEDGEFINANCIAL.COM
Immediate Fixed Annuity
Income annuity is a product designed to provide you or a
loved one a guaranteed income for as long as you need it,
whether that's for a specified number of years or for the
rest of your life.
They are also the only financial vehicles that can guarantee
you a steady income for the rest of your life, (or your lifetime
and that of a spouse or loved one) no matter how long that
is.
.
Immediate Variable Annuity
immediate variable annuity gives you the option to receive
variable and fixed income within 12 months.
Term Life Insurance:
What Does Term Life Insurance Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A policy with a set duration limit on the coverage period.
Once the policy is expired, it is up to the policy owner to
decide whether to renew the term life insurance policy, or
to convert it, or to let the coverage end.
Term Life Insurance is inexpensive compare to the other,
IT CAN BE PURCHASED FOR DURATION FOR 10, 20, 30, OR
35 YEARS . CALL THE AGENT
It's Great to buy term insurance and invest the difference
in an annuity plans, in a mutual funds or open an IRA /
Individual Retirement Account.
Term insurance is a type of insurance policy contrasts
with permanent life insurance, in which duration extends
until the policy owner reaches 100 years of age
Annual Renewable Term (ART) Insurance
What Does Annual Renewable Term (ART) Insurance
Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A form of term life insurance that offers a guarantee of
future insurability for a set period of years, although
premiums are paid every year on the basis of a one-year
contract.
As such, the premiums will rise over time as the insured
person ages. This type of insurance is designed for
short-term insurance needs.
Annual Renewable Term (ART) Insurance
Annual renewable term insurance is less common than
level term insurance, where premiums stay constant over
the life of the contract. The longer an insured person uses
annual renewable term insurance, the more costly it
becomes.
ART insurance typically offers guaranteed re-insurability
for a period of 10 to 30 years, depending on the age of the
individual.
What Does Term Life Insurance Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A policy with a set duration limit on the coverage period.
Once the policy is expired, it is up to the policy owner to
decide whether to renew the term life insurance policy, or
to convert it, or to let the coverage end.
Term Life Insurance is inexpensive compare to the other,
IT CAN BE PURCHASED FOR DURATION FOR 10, 20, 30, OR
35 YEARS . CALL THE AGENT
It's Great to buy term insurance and invest the difference
in an annuity plans, in a mutual funds or open an IRA /
Individual Retirement Account.
Term insurance is a type of insurance policy contrasts
with permanent life insurance, in which duration extends
until the policy owner reaches 100 years of age
Annual Renewable Term (ART) Insurance
What Does Annual Renewable Term (ART) Insurance
Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A form of term life insurance that offers a guarantee of
future insurability for a set period of years, although
premiums are paid every year on the basis of a one-year
contract.
As such, the premiums will rise over time as the insured
person ages. This type of insurance is designed for
short-term insurance needs.
Annual Renewable Term (ART) Insurance
Annual renewable term insurance is less common than
level term insurance, where premiums stay constant over
the life of the contract. The longer an insured person uses
annual renewable term insurance, the more costly it
becomes.
ART insurance typically offers guaranteed re-insurability
for a period of 10 to 30 years, depending on the age of the
individual.
DEFERRED ANNUITIES
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
If I want to build up my retirement fund and enjoy a
guaranteed income for the rest of my life.
Deferred annuities can be a great choice for building a
tax-deferred retirement nest egg - especially if you want to
save more than you might with IRAs and 401(k) Plans.
Deferred annuities have two phases:
savings and investment, where your earnings accumulate
tax-deferred and you generally have access to your money*
income, where you convert your account balance into a
guaranteed stream of income (annuitize) that you can live on
the rest of your life; any remaining assets can be invested to
grow your overall portfolio
Here are two kinds of deferred annuities:
Deferred fixed annuity, which gives you a steady, fixed
return on your money.
For a single-premium annuity,
Deferred variable annuity, which gives you investment
flexibility and potential growth
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
If I want to build up my retirement fund and enjoy a
guaranteed income for the rest of my life.
Deferred annuities can be a great choice for building a
tax-deferred retirement nest egg - especially if you want to
save more than you might with IRAs and 401(k) Plans.
Deferred annuities have two phases:
savings and investment, where your earnings accumulate
tax-deferred and you generally have access to your money*
income, where you convert your account balance into a
guaranteed stream of income (annuitize) that you can live on
the rest of your life; any remaining assets can be invested to
grow your overall portfolio
Here are two kinds of deferred annuities:
Deferred fixed annuity, which gives you a steady, fixed
return on your money.
For a single-premium annuity,
Deferred variable annuity, which gives you investment
flexibility and potential growth
Beneficiary Designation Checklist
KNOWLEDGEFINANCIAL.COM
Check the default provisions of the document that governs your
retirement account, as it may come into effect if your beneficiary
predeceases you and you fail to make subsequent changes.
Look into the tax implications for the kind of beneficiary you choose,
whether a particular person, such as a spouse or non-spouse, an
entity, such as a charity, your estate or a type of trust.
Request a confirmation of receipt of the designation from your
retirement account trustee, custodian or administrator. Documents do
not always reach their intended recipient and/or may get lost in transit.
Beneficiary designations are considered in effect only if they are
received by the responsible party (e.g. trustee, custodian or
administrator) before the retirement account owner dies.
If you prefer to use a customized beneficiary designation, make sure
your trustee, custodian or administrator finds it acceptable. Not all
financial institutions or qualified plans will accept customized
beneficiary designations.
Check with your financial institution periodically to determine who your
beneficiary is - you may need to make changes if you had a change in
your family such as a birth, death, divorce or marriage.
Consult with your financial planner to determine if your current
beneficiary designation is the one best suited for you and/or if you need
to make changes.
Making a proper beneficiary designation is a very important part of your
financial planning. Be sure to seek competent professional advice
regarding your beneficiary designations.
KNOWLEDGEFINANCIAL.COM
Check the default provisions of the document that governs your
retirement account, as it may come into effect if your beneficiary
predeceases you and you fail to make subsequent changes.
Look into the tax implications for the kind of beneficiary you choose,
whether a particular person, such as a spouse or non-spouse, an
entity, such as a charity, your estate or a type of trust.
Request a confirmation of receipt of the designation from your
retirement account trustee, custodian or administrator. Documents do
not always reach their intended recipient and/or may get lost in transit.
Beneficiary designations are considered in effect only if they are
received by the responsible party (e.g. trustee, custodian or
administrator) before the retirement account owner dies.
If you prefer to use a customized beneficiary designation, make sure
your trustee, custodian or administrator finds it acceptable. Not all
financial institutions or qualified plans will accept customized
beneficiary designations.
Check with your financial institution periodically to determine who your
beneficiary is - you may need to make changes if you had a change in
your family such as a birth, death, divorce or marriage.
Consult with your financial planner to determine if your current
beneficiary designation is the one best suited for you and/or if you need
to make changes.
Making a proper beneficiary designation is a very important part of your
financial planning. Be sure to seek competent professional advice
regarding your beneficiary designations.
Consider a Customized Beneficiary Designation
KNOWLEDGEFINANCIAL.COM
When drafting your customized beneficiary designations,
you can explore various options to determine the one that
meets your needs. The beneficiary designation you choose
may determine if your elections are carried over to the next
generation. The following are some basic
beneficiary-designation designs:
:
Per-Stirpes Designation
In the event your primary beneficiary predeceases you, a
per-stirpes beneficiary designation provides that the share
he/she would have received goes to his/her heirs. For
instance, assume you name your two children, Mary and
John, as your primary beneficiaries. Mary's share is 80% of
the assets while John's share is 20%. Should Mary
predecease you, her share would go to her heirs upon your
death.
Per-Capita
Designation-----KNOWLEDGEFINANCIAL.COM
Per-capita beneficiary designations also provide that your
primary beneficiary's share will go to his/her heirs;
however, the allocations are not handled in the same
manner as they are under the per-stirpes designation.
Should your primary beneficiary predecease you, his/her
share would be divided equally among your successor
heirs. For instance, assume Mary and John from the
previous example both predecease you.
The assets will be allocated among their children equally
even though the beneficiary designation provides Mary with
a larger portion of the assets. If Mary and John had two
children each, each child would receive a 25% share.
Look into Trust Beneficiaries
KNOWLEDGEFINANCIAL.COM
When drafting your customized beneficiary designations,
you can explore various options to determine the one that
meets your needs. The beneficiary designation you choose
may determine if your elections are carried over to the next
generation. The following are some basic
beneficiary-designation designs:
:
Per-Stirpes Designation
In the event your primary beneficiary predeceases you, a
per-stirpes beneficiary designation provides that the share
he/she would have received goes to his/her heirs. For
instance, assume you name your two children, Mary and
John, as your primary beneficiaries. Mary's share is 80% of
the assets while John's share is 20%. Should Mary
predecease you, her share would go to her heirs upon your
death.
Per-Capita
Designation-----KNOWLEDGEFINANCIAL.COM
Per-capita beneficiary designations also provide that your
primary beneficiary's share will go to his/her heirs;
however, the allocations are not handled in the same
manner as they are under the per-stirpes designation.
Should your primary beneficiary predecease you, his/her
share would be divided equally among your successor
heirs. For instance, assume Mary and John from the
previous example both predecease you.
The assets will be allocated among their children equally
even though the beneficiary designation provides Mary with
a larger portion of the assets. If Mary and John had two
children each, each child would receive a 25% share.
Look into Trust Beneficiaries
Outdated Beneficiary Designations
There have been numerous cases of retirement-account
owners who have been divorced and remarried but have
neglected to update their beneficiary designations
accordingly.
This can be quite frustrating for their survivors, who must
battle in court for a legal determination of the true
beneficiary. The court's decision, however, may not
necessarily be what the deceased would have wanted.
A similar dilemma arises if children are named as
beneficiaries but the document has not updated to include
those who were born after the initial designation.
To prevent these situations, you should update your
beneficiary designation periodically or even immediately
after you experience a change in family status.
You can also draft customized beneficiary designations to
address "what-if" situations.
For instance, what if your primary beneficiary predeceases
you and you fail to update the designation? What if the
organization to which you leave your assets becomes
defunct before it inherits the assets?
Should you need to, you may revoke your existing
beneficiary designation and designate a new beneficiary
by submitting a change-of-beneficiary form.
Default Beneficiary Options
If you fail to document your beneficiary
designation, your beneficiary may be
determined by federal law, state law or by
the plan document that governs your
retirement accounts.
There have been numerous cases of retirement-account
owners who have been divorced and remarried but have
neglected to update their beneficiary designations
accordingly.
This can be quite frustrating for their survivors, who must
battle in court for a legal determination of the true
beneficiary. The court's decision, however, may not
necessarily be what the deceased would have wanted.
A similar dilemma arises if children are named as
beneficiaries but the document has not updated to include
those who were born after the initial designation.
To prevent these situations, you should update your
beneficiary designation periodically or even immediately
after you experience a change in family status.
You can also draft customized beneficiary designations to
address "what-if" situations.
For instance, what if your primary beneficiary predeceases
you and you fail to update the designation? What if the
organization to which you leave your assets becomes
defunct before it inherits the assets?
Should you need to, you may revoke your existing
beneficiary designation and designate a new beneficiary
by submitting a change-of-beneficiary form.
Default Beneficiary Options
If you fail to document your beneficiary
designation, your beneficiary may be
determined by federal law, state law or by
the plan document that governs your
retirement accounts.
| ADVANTAGE OF LIFE INSURANCE FREE LOOK PROVISION KNOWLEDGEFINANCIAL.COM --EXPLAINS: Also known as the free examination period, this is the length of time you have to review your new insurance policy and return it for a full refund if it does not meet your expectations. This free-look period begins on the day that you receive your policy --------------------------------------------------------------- INSURANCE GRACE PERIOD KNOWLEDGEFINANCIAL.COM--Explains: In insurance law, a period beyond the due date of a premium (usually thirty or thirty-one days) during which the insurance is continued in force and during which the payment may be made to keep the policy in good standing. The grace period for payment of the premium does not provide free insurance or operate to continue the policy in force after it expires by agreement of the parties. Grace period may also refer to a period of time provided for in a loan agreement during which default will not occur even though a payment is overdue. -------------------------------------------------------- |
Whole Life Insurance Policy
KNOWLEDGEFINANCIAL.COM
What Does Whole Life Insurance Policy Mean?
A life insurance contract with level premiums that has
both an insurance and an investment component. The
insurance component pays a stated amount upon death
of the insured. The investment component accumulates
a cash value that the policyholder can withdraw or
borrow against.
Whole Life Insurance Policy
As the most basic form of cash-value life insurance,
whole life insurance is a way to accumulate wealth as
regular premiums pay insurance costs and contribute to
equity growth in a savings account where dividends or
interest is allowed to build-up tax-deferred.
--------------------------------------------------------------------
Cash Surrender Value
What Does Cash Surrender Value Mean?
The sum of money an insurance company will pay to the
policyholder or annuity holder in the event his or her
policy is voluntarily terminated before its maturity or the
insured event occurs. This cash value is the savings
component of most permanent life insurance policies,
particularly whole life insurance policies. Also known as
"cash value", "surrender value" and "policyholder's
equity---------KNOWLEDGEFINANCIAL.COM
Cash Surrender Value
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before
death.
KNOWLEDGEFINANCIAL.COM
What Does Whole Life Insurance Policy Mean?
A life insurance contract with level premiums that has
both an insurance and an investment component. The
insurance component pays a stated amount upon death
of the insured. The investment component accumulates
a cash value that the policyholder can withdraw or
borrow against.
Whole Life Insurance Policy
As the most basic form of cash-value life insurance,
whole life insurance is a way to accumulate wealth as
regular premiums pay insurance costs and contribute to
equity growth in a savings account where dividends or
interest is allowed to build-up tax-deferred.
--------------------------------------------------------------------
Cash Surrender Value
What Does Cash Surrender Value Mean?
The sum of money an insurance company will pay to the
policyholder or annuity holder in the event his or her
policy is voluntarily terminated before its maturity or the
insured event occurs. This cash value is the savings
component of most permanent life insurance policies,
particularly whole life insurance policies. Also known as
"cash value", "surrender value" and "policyholder's
equity---------KNOWLEDGEFINANCIAL.COM
Cash Surrender Value
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before
death.
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CASH VALUE LIFE INSURANCE POLICY
Life Insurance
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
A protection against the loss of income that would result
if the insured passed away. The named beneficiary
receives the proceeds and is thereby safeguarded from
the financial impact of the death of the insured.
Life Insurance
The goal of life insurance is to provide a measure of
financial security for your family after you die. So, before
purchasing a life insurance policy, you should consider
your financial situation and the standard of living you
want to maintain for your dependents or survivors.
Life Insurance
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
A protection against the loss of income that would result
if the insured passed away. The named beneficiary
receives the proceeds and is thereby safeguarded from
the financial impact of the death of the insured.
Life Insurance
The goal of life insurance is to provide a measure of
financial security for your family after you die. So, before
purchasing a life insurance policy, you should consider
your financial situation and the standard of living you
want to maintain for your dependents or survivors.
Whole Life Insurance Policy
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
A life insurance contract with level premiums that has
both an insurance and an investment component. The
insurance component pays a stated amount upon death
of the insured. The investment component accumulates
a cash value that the policyholder can withdraw or
borrow against.
Whole Life Insurance Policy
As the most basic form of cash-value life insurance,
whole life insurance is a way to accumulate wealth as
regular premiums pay insurance costs and contribute
to equity growth in a savings account where dividends
or interest is allowed to build-up tax-deferred.
--------------------------------------------------------------------
Cash Surrender Value
WWW.KNOWLEDGEFINANCIAL.COM
The sum of money an insurance company will pay to the
policyholder or annuity holder in the event his or her
policy is voluntarily terminated before its maturity or the
insured event occurs.
This cash value is the savings component of most
permanent life insurance policies, particularly whole life
insurance policies. Also known as "cash value",
"surrender value" and "policyholder's equity
Cash Surrender Value
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before
death.
KNOWLEDGEFINANCIAL.COM-- EXPLAINS
A life insurance contract with level premiums that has
both an insurance and an investment component. The
insurance component pays a stated amount upon death
of the insured. The investment component accumulates
a cash value that the policyholder can withdraw or
borrow against.
Whole Life Insurance Policy
As the most basic form of cash-value life insurance,
whole life insurance is a way to accumulate wealth as
regular premiums pay insurance costs and contribute
to equity growth in a savings account where dividends
or interest is allowed to build-up tax-deferred.
--------------------------------------------------------------------
Cash Surrender Value
WWW.KNOWLEDGEFINANCIAL.COM
The sum of money an insurance company will pay to the
policyholder or annuity holder in the event his or her
policy is voluntarily terminated before its maturity or the
insured event occurs.
This cash value is the savings component of most
permanent life insurance policies, particularly whole life
insurance policies. Also known as "cash value",
"surrender value" and "policyholder's equity
Cash Surrender Value
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before
death.
Permanent Life Insurance
KNOWLEDGEFINANCIAL.COM
What Does Permanent Life Insurance Mean?
An umbrella term for life insurance plans that do not
expire (unlike term life insurance) and combine a death
benefit with a savings portion.
This savings portion can build a cash value - against
which the policy owner can borrow funds, or in some
instances, the owner can withdraw the cash value to
help meet future goals, such as paying for a child's
college education.
The two main types of permanent life insurance are
whole and universal life insurance policies.
KNOWLEDGEFINANCIAL.COM
Permanent Life Insurance
To borrow against the savings portion of a permanent
life insurance policy, there is usually a waiting period
after the purchase of your policy for sufficient cash
value to accumulate.
Also, if the amount of the unpaid interest on your loan
plus your outstanding loan balance exceeds the
amount of your policy's cash value, your policy and all
coverage will terminate.
Permanent life insurance policies enjoy favorable tax
treatment. The growth of cash value is generally on a
tax-deferred basis, meaning that you pay no taxes on
any earnings in the policy so long as the policy remains
active.
Provided you adhere to certain premium limits, money
can be taken out of the policy without being subject to
taxes since policy loans generally are not considered
taxable income. Generally, withdrawals up to the
amount of premiums paid can be taken without being
taxed.
KNOWLEDGEFINANCIAL.COM
What Does Permanent Life Insurance Mean?
An umbrella term for life insurance plans that do not
expire (unlike term life insurance) and combine a death
benefit with a savings portion.
This savings portion can build a cash value - against
which the policy owner can borrow funds, or in some
instances, the owner can withdraw the cash value to
help meet future goals, such as paying for a child's
college education.
The two main types of permanent life insurance are
whole and universal life insurance policies.
KNOWLEDGEFINANCIAL.COM
Permanent Life Insurance
To borrow against the savings portion of a permanent
life insurance policy, there is usually a waiting period
after the purchase of your policy for sufficient cash
value to accumulate.
Also, if the amount of the unpaid interest on your loan
plus your outstanding loan balance exceeds the
amount of your policy's cash value, your policy and all
coverage will terminate.
Permanent life insurance policies enjoy favorable tax
treatment. The growth of cash value is generally on a
tax-deferred basis, meaning that you pay no taxes on
any earnings in the policy so long as the policy remains
active.
Provided you adhere to certain premium limits, money
can be taken out of the policy without being subject to
taxes since policy loans generally are not considered
taxable income. Generally, withdrawals up to the
amount of premiums paid can be taken without being
taxed.
ANNUITY
Immediate Vs Deferred Annuities For Retirement Planning
Have you Heard About Retirement Planning with Annuities?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
It is hard to walk into a bank or speak with an insurance
agent without hearing about retirement annuities. There is a
lot of interest because these insurance company products
have some of the features of insurance and savings or
investments. Because of this, they may be a safe and sound
way for you to plan for your future goals.
Although they have other uses, one basic goal that many
purchasers have is retirement planning. Keep in mind that
your retirement may be coming up next month, you may
already be retired, or you may be planning for a goal that is
many years down the road. Your own choices will depend
upon your individual situation.
Immediate Annuities For Income Now
If you have a lump sum of money that you collected from
your job, or have just saved over a period of years, you may
be interested in having a way for that money to produce a
guaranteed income for you.
Of course, your options will be affected by the amount of
money you have and the amount of income you want to
collect. With an immediate income product, you can deposit
your money this month and start collecting your income
next month!
You can choose a variety of payout options. Some popular
examples may be 10 years, lifetime, or joint survivor (the
surviving spouse collects). Again, your choice will depend
upon your financial goals and the amount of money you have
to deposit.
You may choose 10 years if you have another investment
that will mature down the road, or if you just want income
now so you can start that retirement business you always
dreamed of.
You may choose a lifetime payout if you just want to insure
that you will have an income for your retirement years.
Deferred Annuities For Income Later
If you want to start building a lump sum for retirement, you
should look into deferred products. You may invest some
money now, and then keep making contributions
periodically, say every month or every year, so that your
cash account will grow over time.
The money will grow without being taxed. If you used pre-tax
dollars to invest, you will be taxed when you withdraw it. If
you already paid taxes on the money, you will not be taxed
later. This can be a good way to get the maximum mileage
out of your investment money.
How Does The Cash Account Grow?
You may by an annuity with a fixed interest rate. Or you may
decide to choose one of the popular indexed annuities that
is tied to a major market index.
How is Risk Eliminated?
A fixed annuity, that is tied to a market index, should come
with a guarantee that you will never lose money too. In up
years, your gain may be somewhat less than the market's
growth, but in down years, your gain should be fixed to 2 or
3 percent growth.
The potential of gain, while still eliminating the risk of loss, is
one reason that annuities are popular ways to plan for
retirement.
If you are planning for your retirement, you probably want to
speak with a qualified professional about annuities. We urge
you to educate yourself on the variety of products in your
local area.
Immediate Vs Deferred Annuities For Retirement Planning
Have you Heard About Retirement Planning with Annuities?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
It is hard to walk into a bank or speak with an insurance
agent without hearing about retirement annuities. There is a
lot of interest because these insurance company products
have some of the features of insurance and savings or
investments. Because of this, they may be a safe and sound
way for you to plan for your future goals.
Although they have other uses, one basic goal that many
purchasers have is retirement planning. Keep in mind that
your retirement may be coming up next month, you may
already be retired, or you may be planning for a goal that is
many years down the road. Your own choices will depend
upon your individual situation.
Immediate Annuities For Income Now
If you have a lump sum of money that you collected from
your job, or have just saved over a period of years, you may
be interested in having a way for that money to produce a
guaranteed income for you.
Of course, your options will be affected by the amount of
money you have and the amount of income you want to
collect. With an immediate income product, you can deposit
your money this month and start collecting your income
next month!
You can choose a variety of payout options. Some popular
examples may be 10 years, lifetime, or joint survivor (the
surviving spouse collects). Again, your choice will depend
upon your financial goals and the amount of money you have
to deposit.
You may choose 10 years if you have another investment
that will mature down the road, or if you just want income
now so you can start that retirement business you always
dreamed of.
You may choose a lifetime payout if you just want to insure
that you will have an income for your retirement years.
Deferred Annuities For Income Later
If you want to start building a lump sum for retirement, you
should look into deferred products. You may invest some
money now, and then keep making contributions
periodically, say every month or every year, so that your
cash account will grow over time.
The money will grow without being taxed. If you used pre-tax
dollars to invest, you will be taxed when you withdraw it. If
you already paid taxes on the money, you will not be taxed
later. This can be a good way to get the maximum mileage
out of your investment money.
How Does The Cash Account Grow?
You may by an annuity with a fixed interest rate. Or you may
decide to choose one of the popular indexed annuities that
is tied to a major market index.
How is Risk Eliminated?
A fixed annuity, that is tied to a market index, should come
with a guarantee that you will never lose money too. In up
years, your gain may be somewhat less than the market's
growth, but in down years, your gain should be fixed to 2 or
3 percent growth.
The potential of gain, while still eliminating the risk of loss, is
one reason that annuities are popular ways to plan for
retirement.
If you are planning for your retirement, you probably want to
speak with a qualified professional about annuities. We urge
you to educate yourself on the variety of products in your
local area.
Decreasing Term Insurance
What Does Decreasing Term Insurance Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A type of annual renewable term life insurance that
provides a death benefit that decreases at a
predetermined rate over the life of the policy. Premiums
are usually constant throughout the contract, and
reductions in policy payout will typically occur monthly
or annually. Term lengths can range anywhere between
one and 30 years.
May also be called "mortgage life insurance".
Investopedia explains Decreasing Term Insurance
The theory behind decreasing term insurance is that a
person's need for high levels of insurance decreases
with age and certain liabilities no longer exist. A big
portion of the decreasing term insurance found today is
in the form of mortgage life insurance, which pegs its
benefit to the remaining mortgage on the insured' home.
Decreasing term insurance is generally not advisable
for someone who has no other life insurance; term life
policies can be purchased at affordable levels and
provide the security of a level payout throughout.
What Does Decreasing Term Insurance Mean?
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A type of annual renewable term life insurance that
provides a death benefit that decreases at a
predetermined rate over the life of the policy. Premiums
are usually constant throughout the contract, and
reductions in policy payout will typically occur monthly
or annually. Term lengths can range anywhere between
one and 30 years.
May also be called "mortgage life insurance".
Investopedia explains Decreasing Term Insurance
The theory behind decreasing term insurance is that a
person's need for high levels of insurance decreases
with age and certain liabilities no longer exist. A big
portion of the decreasing term insurance found today is
in the form of mortgage life insurance, which pegs its
benefit to the remaining mortgage on the insured' home.
Decreasing term insurance is generally not advisable
for someone who has no other life insurance; term life
policies can be purchased at affordable levels and
provide the security of a level payout throughout.
| ADVANTAGE OF A LIFE INSURANCE POLICY Viatical Settlement KNOWLEDGEFINANCIAL.COM-- EXPLAINS: An arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. The buyer cashes in the full amount of the policy when the original owner dies. Also referred to as a Life Settlement. ---------------------------------------------------------- ADVANTAGES & BENEFITS OF LIFE INSURANCE Accelerated Death Benefit - ADB KNOWLEDGEFINANCIAL.COM-- EXPLAINS A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. Many individuals who choose the accelerated death benefit have less than one year to live and use the money for treatments and other costs needed to stay alive. Investopedia explains Accelerated Death Benefit - ADB Choosing an insurance policy with an accelerated death benefit allows the policy holder to pay for their daily living in an effort to make it the most comfortable while also allowing the holder to look after his or her family once they pass away. This type of benefit was originally started in the late 1980s in an attempt to alleviate the financial pressures of those that were diagnosed with AIDS. Some policies might have this option available even though it's not mentioned in the contract. |
Waiver Of Premium Rider
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A clause in an insurance policy that waives the policyholder's
obligation to pay any further premiums should he or she
become seriously ill or disabled. A waiver of premium allows
people to benefit from an insurance policy, even when they
cannot work.
Dread Disease Rider
What Does Dread Disease Rider Mean?
A special addition to a life insurance policy that gives a
percentage of the death benefit to the policy holder if he or she
is diagnosed with a serious disease, such as cancer or heart
disease
RETURN OF PREMIUM RIDER
KNOWLEDGEFINANCIAL.COM -- Explains: The policy owner / the
insured can maximize the death benefits without increasing
the face amount. That means; a return of premium attached to
a policy upon death. The benefits will be paid a complete face
amount plus amount equal to all premium paid on the contact.
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A clause in an insurance policy that waives the policyholder's
obligation to pay any further premiums should he or she
become seriously ill or disabled. A waiver of premium allows
people to benefit from an insurance policy, even when they
cannot work.
Dread Disease Rider
What Does Dread Disease Rider Mean?
A special addition to a life insurance policy that gives a
percentage of the death benefit to the policy holder if he or she
is diagnosed with a serious disease, such as cancer or heart
disease
RETURN OF PREMIUM RIDER
KNOWLEDGEFINANCIAL.COM -- Explains: The policy owner / the
insured can maximize the death benefits without increasing
the face amount. That means; a return of premium attached to
a policy upon death. The benefits will be paid a complete face
amount plus amount equal to all premium paid on the contact.
Whole Life Insurance Policy
As the most basic form of cash-value life insurance, whole
life insurance is a way to accumulate wealth as regular
premiums pay insurance costs and contribute to equity
growth in a savings account where dividends or interest is
allowed to build-up tax-deferred. Where you pull money out
when you need while you're alive .
Cash Surrender Value. CALL THE AGENT AT: 786
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before death.
Life Insurance
The goal of life insurance is to provide a measure of
financial security for you while you're alive, and for your
family after you die.
So, before purchasing a life insurance policy, you should
consider the standard of living you want to maintain for
you, your dependents or survivors.
CONTACT A FLORIDA AGENT
AT: 786-
As the most basic form of cash-value life insurance, whole
life insurance is a way to accumulate wealth as regular
premiums pay insurance costs and contribute to equity
growth in a savings account where dividends or interest is
allowed to build-up tax-deferred. Where you pull money out
when you need while you're alive .
Cash Surrender Value. CALL THE AGENT AT: 786
Cash surrender value applies to the savings element of
whole life insurance policies that are payable before death.
Life Insurance
The goal of life insurance is to provide a measure of
financial security for you while you're alive, and for your
family after you die.
So, before purchasing a life insurance policy, you should
consider the standard of living you want to maintain for
you, your dependents or survivors.
CONTACT A FLORIDA AGENT
AT: 786-
LIFE INSURANCE ADVANTAGES, FEATURES AND BENEFITS WHILE ALIVE AND AFTER DEATH. INSURANCE GENERAL KNOWLEDGE, GLOBAL INSURANCE INFORMATION FOR BETTER
CHOICES, BETTER DECISION, BETTER GUARANTEE AND BETTER SATISFACTION. ---- CALL A FLORIDA LICENSED AGENT AT: 786-631-7740
CHOICES, BETTER DECISION, BETTER GUARANTEE AND BETTER SATISFACTION. ---- CALL A FLORIDA LICENSED AGENT AT: 786-631-7740
| ADVANTAGES & BENEFITS OF LIFE INSURANCE FREE LOOK PROVISION KNOWLEDGEFINANCIAL.COM --EXPLAINS: Also known as the free examination period, this is the length of time you have to review your new insurance policy and return it for a full refund if it does not meet your expectations. This free-look period begins on the day that you receive your policy --------------------------------------------------------------- ADVANTAGES & BENEFITS OF LIFE INSURANCE KNOWLEDGEFINANCIAL.COM-- EXPLAINS; INSURANCE GRACE PERIOD PROVISION KNOWLEDGEFINANCIAL.COM--Explains: In insurance law, a period beyond the due date of a premium (usually thirty or thirty-one days) during which the insurance is continued in force and during which the payment may be made to keep the policy in good standing. CALL A FLORIDA AGENT |
| ADVANTAGES & BENEFITS OF A LIFE INSURANCE POLICY Viatical Settlement KNOWLEDGEFINANCIAL.COM-- EXPLAINS: An arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. So he or she can have enough money to take care of himself/herself while still sick. The buyer cashes in the full amount of the policy when the original owner dies. ADVANTAGE OF LIFE INSURANCE Accelerated Death Benefit - ADB-- Provision KNOWLEDGEFINANCIAL.COM-- EXPLAINS A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. RECEIVE BIG CASH WHILE SICK & ALIVE. ISN'T IT A GREAT THING? |
| ADVANTAGES & BENEFITS OF LIFE INSURANCE Waiver Of Premium Rider Provision KNOWLEDGEFINANCIAL.COM-- EXPLAINS: A clause in an insurance policy that waives the policyholder's obligation to pay any further premiums should he or she become seriously ill or disabled. A waiver of premium allows people to benefit from an insurance policy, even when they cannot work. ADVANTAGES OF LIFE INSURANCE POLICY Dread Disease Rider Provision KNOWLEDGEFINANCIAL.COM-- EXPLAINS: A special addition to a life insurance policy that gives a percentage of the death benefit to the policy holder if he or she is diagnosed with a serious disease, such as cancer or heart disease |
Term Life Insurance
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A policy with a set duration limit on the coverage period.
Once the policy is expired, it is up to the policy owner to
decide whether to renew the term life insurance policy, or
to convert it, or to let the coverage end.
Term Life Insurance is relatively inexpensive compare to
the others.
IT CAN BE PURCHASED FOR DURATION FOR 10, 20, 30, OR
35 YEARS . CHEAP INSURANCE, BUT VERY GOOD!
KNOWLEDGEFINANCIAL.COM-- EXPLAINS:
A policy with a set duration limit on the coverage period.
Once the policy is expired, it is up to the policy owner to
decide whether to renew the term life insurance policy, or
to convert it, or to let the coverage end.
Term Life Insurance is relatively inexpensive compare to
the others.
IT CAN BE PURCHASED FOR DURATION FOR 10, 20, 30, OR
35 YEARS . CHEAP INSURANCE, BUT VERY GOOD!
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The Ultimate Retirement Guide for Everyone; Retire Rich, Retire
Early.
THE BEST RETIREMENT GUIDE EVER; WHAT ARE 401K, ROTH
401K, INDIVIDUAL 401K, 403B, 457 PLAN, THRIFT SAVINGS
PLAN.
What is a SEP IRA? What is a SIMPLE IRA? --- SEE BELOW!
Long-term care insurance?
Is a long-term care insurance policy really provides money to
help cover the costs of living if you are no longer able to take
care of yourself.?
SOCIAL SECURITY RETIREMENT GUIDE. HOW DOES SOCIAL
SECURITY WORK?
What is the importance and benefits of life insurance in real
life, and at retirement age?
Pension Plans / IRA / INDIVIDUAL RETIREMENT ACCOUNT. What
is an IRA? And what does it matter?
What is Annuity Insurance Investment, Annuity & Pension
Insurance? Are Annuities Planning today for a secure
tomorrow?
Early.
THE BEST RETIREMENT GUIDE EVER; WHAT ARE 401K, ROTH
401K, INDIVIDUAL 401K, 403B, 457 PLAN, THRIFT SAVINGS
PLAN.
What is a SEP IRA? What is a SIMPLE IRA? --- SEE BELOW!
Long-term care insurance?
Is a long-term care insurance policy really provides money to
help cover the costs of living if you are no longer able to take
care of yourself.?
SOCIAL SECURITY RETIREMENT GUIDE. HOW DOES SOCIAL
SECURITY WORK?
What is the importance and benefits of life insurance in real
life, and at retirement age?
Pension Plans / IRA / INDIVIDUAL RETIREMENT ACCOUNT. What
is an IRA? And what does it matter?
What is Annuity Insurance Investment, Annuity & Pension
Insurance? Are Annuities Planning today for a secure
tomorrow?
| INSURANCE KNOWLEDGE LIFE INSURANCE ADVANTAGES, FEATURES AND BENEFITS WHILE ALIVE AND AFTER DEATH. INSURANCE GENERAL KNOWLEDGE, GLOBAL INSURANCE INFORMATION FOR BETTER CHOICES, BETTER DECISION, BETTER GUARANTEE AND BETTER SATISFACTION. LEARN MORE HERE... ..HOW TO OBTAIN AN INSURANCE LICENSE, AND GET HIRED, START WORKING IMMEDIATELY WITH ONE OF THE GREATEST INSURANCE COMPANY IN THE WORLD? FREE INSURANCE SCHOOL, FREE COURSE, FREE TRAINING, FREE FINGERPRINT, FREE BOOKS FOR THOSE WHO LIVE IN MIAMI DADE AND BROWARD COUNTY FLORIDA. LEARN MORE HERE... Life Insurance Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt, and can fund education tuition costs. LIFE INSURANCE QUOTE. LEARN MORE.. Auto Insurance Auto insurance protects you from damage to the often considerable investment in a car and/or from liability for damage or injury caused by you or someone driving your vehicle. The 10 Best Ways to Lower Your Car Insurance Bill Money saved is money earned. Many people spend more than is absolutely necessary on their daily bills, the things that they take for granted. Ways to Reduce Your Life Insurance Premium While you can't do anything about two of the three main factors affecting your insurance premium (age and family medical history), there are steps you can take regarding the third - lifestyle. You could lower your insurance premium if you: Annuities & Pensions Insurance Basically, an annuity is just a series or stream of payments. “Annuity” comes from the Latin for “year”. In the context of life insurance, it is a contract between you and an insurance company under which the insurance company pays you money for a stipulated period. |
WELCOME TO:
KNOWLEDGEFINANCIAL.COM
KNOWLEDGEFINANCIAL.COM
| Life Insurance with a certified, licensed and experienced Agent. South Florida, CONTACT US AT: 786-631-7740 It makes good sense to have us as your Insurance Agent to help you s. -------------------- I Will Provide You With High Quality Life Insurance and Annuity Products; Great Investment For a Better Tomorrow. {GET A FREE QUOTE-- CLICK HERE} ---------------- I Offer You My Clients; Integrity, Safety and Stability. A commitment to Fairness and Honesty. Exceptional Personal Service! ANTONY JEANTY Phone- 786-631-7740 Licensed Real Estate Agent Licensed Insurance Agent |
ASSURANCE--- VARIABLE ANNUITY
KNOWLEDGEFINANCIAL.COM
With a variable annuity, your assets have the potential
to grow when the market goes up... while protecting
your income if the market goes down.*
What is a variable annuity?
A variable annuity contains investment options that
have the potential to grow and insurance features that
offer protection, such as living and death benefits. At
the core, a variable annuity is a long-term contract
between you and an insurance company, in which your
account value fluctuates based on the underlying
investment options chosen. A common type of variable
annuity is a deferred variable annuity which has two
phases:
savings and investment, in which any earnings
accumulate tax-deferred while usually allowing access
to your money
income and distribution, in which you convert your
account value into a guaranteed stream of income that
will continue for the rest of your life
KNOWLEDGEFINANCIAL.COM
With a variable annuity, you can invest in a range of
equity and fixed investments that have the potential to
perform well in a variety of market conditions. Because
a diversified portfolio cannot ensure a profit or protect
against a loss, you can get added protection by
purchasing an optional living benefit rider for an
additional charge along with your variable annuity.
Living benefits are generally available in two options:
Income Benefits that provide a guaranteed minimum
amount of future fixed lifetime income and the
opportunity to take withdrawals when you need them
which do not affect your future lifetime income benefit
Withdrawal Benefits that allow you to withdraw a
percentage of your investment each year for life or for a
specified period of time
KNOWLEDGEFINANCIAL.COM
With a variable annuity, your assets have the potential
to grow when the market goes up... while protecting
your income if the market goes down.*
What is a variable annuity?
A variable annuity contains investment options that
have the potential to grow and insurance features that
offer protection, such as living and death benefits. At
the core, a variable annuity is a long-term contract
between you and an insurance company, in which your
account value fluctuates based on the underlying
investment options chosen. A common type of variable
annuity is a deferred variable annuity which has two
phases:
savings and investment, in which any earnings
accumulate tax-deferred while usually allowing access
to your money
income and distribution, in which you convert your
account value into a guaranteed stream of income that
will continue for the rest of your life
KNOWLEDGEFINANCIAL.COM
With a variable annuity, you can invest in a range of
equity and fixed investments that have the potential to
perform well in a variety of market conditions. Because
a diversified portfolio cannot ensure a profit or protect
against a loss, you can get added protection by
purchasing an optional living benefit rider for an
additional charge along with your variable annuity.
Living benefits are generally available in two options:
Income Benefits that provide a guaranteed minimum
amount of future fixed lifetime income and the
opportunity to take withdrawals when you need them
which do not affect your future lifetime income benefit
Withdrawal Benefits that allow you to withdraw a
percentage of your investment each year for life or for a
specified period of time
| ..TERM INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the difference. .. INVESTMENT PRODUCTS: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... INSURANCE PRODUCTS: How to make profits with the insurance companies? |
| ..TERM INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the difference. .. INVESTMENT PRODUCTS: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... INSURANCE PRODUCTS: How to make profits with the insurance companies? |
| ..TERM INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the difference. .. INVESTMENT PRODUCTS: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... INSURANCE PRODUCTS: How to make profits with the insurance companies? |
| ..TERM INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the difference. .. INVESTMENT PRODUCTS: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... INSURANCE PRODUCTS: How to make profits with the insurance companies? |
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| Not all insurance companies are created equal, and when you consider purchasing a participating policy, an important consideration should be the relative strength of the insurer. Dividends are calculated differently by different companies, however they are generally based on the current cash value of your policy Income Taxes Dividends earned from a participating life insurance policy are not taxable by the IRS Dividends earned from a participating life insurance policy are not taxable by the IRS. Participating policy dividends are not taxable as income because they are not dividends in the traditional sense. While they do represent a portion of the insurance company’s profit, that profit was made from you. In essence, the IRS treats them as though they are refunds for overpayment of premium. The Bottom Line All life insurance is an investment in the financial well-being of your loved ones. Participating Life Insurance provides a modest benefit while you’re alive and can work to your advantage by reducing your premiums, or buying additional paid up or term insurance. The cost of a participating life policy is higher than a non- participating policy, and both of these policies are significantly higher than a term life policy. |
| Dividend paying life insurance policy Participating policies even from the same provider may be different, which is why it is very important to ask and read your contract Good, Better, Best Not all insurance companies are created equal, and when you consider purchasing a participating policy, an important consideration should be the relative strength of the insurer. A.M. Best and Standard and Poor’s both employ analysts whose sole job is to watch over insurance companies and grade their performance. The higher a company’s rating, the more likely they will pay the projected dividends being offered. The difference between an A, AA and AAA rating may not be significant enough to sway you from choosing one insurer over another, but the differences may become substantial when you drift below an A rated provider |
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