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Simple term quote

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Whenever you plan about your life, the first point that comes to mind is life security. No one can predict what’s gonna happen the very next day. For the same reason we opt for life insurance.
I was too wondering about, how can I get my life secured.

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Simple term quote

  1. 1. Presentation by:Carl Smith@carl_smith
  2. 2. Whenever you plan about your life, the first point that comes tomind is life security. No one can predict what’s gonna happen thevery next day. For the same reason we opt for life insurance.I was too wondering about, how can I get my life secured. I wantedto get a n Insurance plan which would meet my requirements. I dida lot survey and while my search I came across a websiteSimpleTermQuote.comI crawled through the website and discovered some new plans.They have just simplified the website and with a very good userinterface they got to say a lot. The way they explained the varietyof Insurance plans I became a fan of them and could not resist tocreate a catalogue of their types of insurance plan. You can findthe different and exciting plans by SimpleTermQuote.com in thefollowing slides.
  3. 3. Types of Insurance Whole Life Insurance Universal Life Insurance Equity Indexed Universal Life Insurance Variable Universal Life Insurance
  4. 4. Whole Life Insurance Just what it says it is: insurance for your whole life. Theoretically, premiums are paid every year for your entire life. Many companies offer strategies in which an insured can effectively stop making premium payments, or even make just one premium payment, and the policy will continue on just fine. Whole life combines term insurance with an investment component. Again, the right fit for the right person. Types of Whole Life include participating and non- participating, limited pay, and interest sensitive, among others. Whole Life policies can work very well as vehicles to fund pension plans, if that’s the right fit.
  5. 5. Universal Life Insurance Introduced in the early 1980s Universal Life insurance provides the best of both whole life and term, with the ability to adjust premium payments from year to year, or even stop paying completely, as well as the ability to restructure the death benefit (not the case with Whole Life). Universal Life has an investment component, as well as the ability for the insured to access the “cash value” of the policy, sometimes on a tax favorable basis. In recent years Guaranteed Universal Life, which offers a guaranteed death benefit, has become quite popular. You can probably guess what I’ll say next: it can definitely be the right fit for the right client.
  6. 6. Equity Indexed Universal Life Insurance A version of Universal Life insurance which is gaining popularity. Equity indexed UL tracks with, usually, an equity index – the S&P, Hang Seng, etc. EIUL (as it’s becoming known) is popular because it offers “floors”, or minimum guarantees. Most contracts guarantee at least 0% during years in which the index return is negative, so there is 100% principal protection. Yes, you read that correct – 100% principal protection (imagine that for your portfolio in 2008). During positive years you get credited up to a certain cap (usually anywhere from 12-16%). While your upside is limited, so is your downside – and that can be powerful for the (say it with me!) right client at the right time.
  7. 7. Variable Universal Life Insurance Finally, there is Variable Universal Life (VUL) insurance. This lets the insured take control of how the money in the insurance contract is invested. Like traditional Universal Life the premium can be flexible, as can be the death benefit. With great risk often comes great reward. The flip side is that with great risk often comes extreme failure – so VULs are not for the faint of heart! If you have a money manager this may be a good option as they can “work” that money for you.
  8. 8. Simple Term Quote9316 E Raintree Dr, Suite 100Scottsdale, AZ 85260(866) 797-7159info@simpletermquote.comhttp://simpletermquote.com/

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