Premiums--the price of an insurance policy
, typically charged annually or semiannually--are fixed, so they remain level throughout the policy's lifetime.
Instead of tying up funds in a reserve to pay for these losses, a company can purchase a finite risk insurance policy
, release the funds in the reserve and take the liability off its books.
Allow your broker to design a program around your current needs, not your existing insurance policy
When deciding whether or not to shield an insurance policy
in a trust, don't base your decision exclusively on your current circumstances, which may change over time.
Nearly every type of life insurance policy
qualifies for a viatical settlement, providing it's been in force for at least two years.
The irony should be apparent: Because employers like Christi's refuse to spend just hundreds of dollars a year on a workers comp insurance policy
, taxpayers end up spending millions of dollars a year on their employees' medical bills.
For example: At just $40/month, a 45-year-old male, who is a non- tobacco user and is in good health can enjoy the protection of a $250,000 term life insurance policy
offers -- while a 45-year-old male tobacco user who has a poor health history could pay up to $130/month in premiums for one year for a similar term life insurance policy
The life insurance policy
is a financial asset, like a house, or stocks or bonds, he said.
If an ILIT holds only a term life insurance policy
that pays premiums monthly, the policy's value (and, thus, the trust's value) is arguably zero at the end of each month (when a premium becomes due again).
Whoever offers advice for a fee on an insurance policy
that is unconnected with the purchase of a policy needs to have a life policy analyst license.
Now it's time to buy a life insurance policy
to protect your loved ones or investments in the event of your untimely demise.
McClendon's other insurance policy
is assigned to the ministry.