Designed to insure one single person per policy, a personal medical cover policy will generally offer medical insurance . <br><br> These plans are perfect for single expats or retirees, employees, students, and occasional visitors who pass a significant part of their year in Abu Dhabi.
This document provides an overview of how a life insurance retirement plan can help address three key financial challenges facing families: financial vulnerability if the primary income earner dies, outliving retirement assets, and reducing taxes. It explains that a life insurance policy can provide a tax-free death benefit to beneficiaries and tax-deferred cash value that can supplement retirement income. The document outlines factors to consider like death benefit needs, cash value accumulation goals, and premium affordability. It aims to help clients understand if a life insurance retirement plan fits their needs and objectives.
This document provides information about endowment policies offered by various insurance companies. It defines an endowment policy as a type of life insurance that pays a lump sum amount after a specified term or upon death. The document then summarizes key features of endowment policies including maturity benefits, bonuses, tax benefits, and riders. It also describes specific endowment plans offered by companies like LIC, TATA AIG, Aviva, Kotak, and Birla Sun Life.
This document provides information about a life insurance policy for Gary Scherr, including non-guaranteed projections of policy values and benefits. The policy provides a death benefit, allows premium payments and policy values to grow tax-deferred, and offers living benefits like policy loans and withdrawals. Projections show policy values and benefits could be higher under non-guaranteed elements compared to guaranteed minimums.
This document discusses a life insurance policy that provides flexibility and benefits that change over time to meet needs. It offers death benefit protection, as well as additional benefits through accelerated payment riders for chronic or terminal illnesses. These riders allow early access to some of the death benefit if the policyholder develops a covered illness. The maximum potential payments are projected, but actual amounts may be lower and are reduced by any prior accelerated payments. The policy is meant for death benefit protection rather than cash value accumulation, and loans or withdrawals could jeopardize guarantees.
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
This document discusses the advantages of life insurance. It explains that life insurance can protect families, leave a legacy, pay off debts, and provide tax-free retirement planning and portfolio diversification. There are two main types - term insurance, which provides coverage for a set term, and permanent insurance, which provides lifelong coverage if premiums are paid. Permanent policies like whole, universal, variable, and index universal life build cash value over time. Index universal life ties cash value growth to stock market indexes with floors and caps. Overall, life insurance provides financial flexibility, living benefits, and leaves a tax-free legacy for loved ones.
This document outlines an endowment policy, which is a type of life insurance that pays out a lump sum amount either upon the death of the policyholder or at the end of a specified term. It provides both a living benefit through periodic payouts as well as life insurance coverage. There are several types of endowment policies that vary based on factors like whether the payout is made to one or multiple lives insured, or whether the payout amount is the standard sum assured or a double amount. While endowment policies have benefits like long-term investment and dual protection, they also have drawbacks such as higher premiums and lower surrender values compared to term insurance plans.
This document provides an overview of how a life insurance retirement plan can help address three key financial challenges facing families: financial vulnerability if the primary income earner dies, outliving retirement assets, and reducing taxes. It explains that a life insurance policy can provide a tax-free death benefit to beneficiaries and tax-deferred cash value that can supplement retirement income. The document outlines factors to consider like death benefit needs, cash value accumulation goals, and premium affordability. It aims to help clients understand if a life insurance retirement plan fits their needs and objectives.
This document provides information about endowment policies offered by various insurance companies. It defines an endowment policy as a type of life insurance that pays a lump sum amount after a specified term or upon death. The document then summarizes key features of endowment policies including maturity benefits, bonuses, tax benefits, and riders. It also describes specific endowment plans offered by companies like LIC, TATA AIG, Aviva, Kotak, and Birla Sun Life.
This document provides information about a life insurance policy for Gary Scherr, including non-guaranteed projections of policy values and benefits. The policy provides a death benefit, allows premium payments and policy values to grow tax-deferred, and offers living benefits like policy loans and withdrawals. Projections show policy values and benefits could be higher under non-guaranteed elements compared to guaranteed minimums.
This document discusses a life insurance policy that provides flexibility and benefits that change over time to meet needs. It offers death benefit protection, as well as additional benefits through accelerated payment riders for chronic or terminal illnesses. These riders allow early access to some of the death benefit if the policyholder develops a covered illness. The maximum potential payments are projected, but actual amounts may be lower and are reduced by any prior accelerated payments. The policy is meant for death benefit protection rather than cash value accumulation, and loans or withdrawals could jeopardize guarantees.
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
This document discusses the advantages of life insurance. It explains that life insurance can protect families, leave a legacy, pay off debts, and provide tax-free retirement planning and portfolio diversification. There are two main types - term insurance, which provides coverage for a set term, and permanent insurance, which provides lifelong coverage if premiums are paid. Permanent policies like whole, universal, variable, and index universal life build cash value over time. Index universal life ties cash value growth to stock market indexes with floors and caps. Overall, life insurance provides financial flexibility, living benefits, and leaves a tax-free legacy for loved ones.
This document outlines an endowment policy, which is a type of life insurance that pays out a lump sum amount either upon the death of the policyholder or at the end of a specified term. It provides both a living benefit through periodic payouts as well as life insurance coverage. There are several types of endowment policies that vary based on factors like whether the payout is made to one or multiple lives insured, or whether the payout amount is the standard sum assured or a double amount. While endowment policies have benefits like long-term investment and dual protection, they also have drawbacks such as higher premiums and lower surrender values compared to term insurance plans.
The document discusses the history and evolution of fraternal organizations that provided support to members. Over time, advances in communication made the world smaller and led to a shift toward personal independence and security for loved ones through organization and insurance offerings. Different insurance products are described as addressing either short-term or long-term needs, with varying costs, coverage periods, tax implications, and flexibility. Myths about tax-deferred savings through RRSPs alone are debunked, noting that funds in an RRSP are taxed fully upon withdrawal. The benefits of tax-deferred growth through cash value in life insurance contracts under tax law are highlighted. The document promotes registering for an online consultation to learn strategies for choosing when and how to retire.
Aviva index universal life insurance crediting interest to your cash valueConnie Dello Buono
Aviva index universal life insurance crediting interest to your cash value..connie dello buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com Greater Bay area
Basics of insurance and investment terms seminar ongoing...
Bad news can impact on any one of us at any time, in the form of an illness, or sudden death. We don’t like to think about it, but we do have to plan for it. So having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to illness or your premature death. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship.
Chapter 03 principles and practice of lifeinsuranceiipmff2
The document discusses key concepts in life insurance including:
1) Life insurance provides protection for dependents by ensuring continuity of income if the primary breadwinner dies. It also serves as a savings instrument and provides benefits like education funds and annuities.
2) Determining how much insurance is needed factors in immediate expenses after death, education costs of children, recurring costs of dependents, and paying off debts.
3) Popular life insurance plans include term insurance, whole life insurance, endowment insurance, and annuity contracts. Combination plans also exist to meet various policyholder needs.
1. Insurance companies must collect sufficient premiums to cover expected losses, operating expenses, reserves for unexpected losses, and allow for investment income.
2. Key factors that determine premium prices include the cost of losses, cost of doing business, cost of capital reserves, and contributions to catastrophe reserves.
3. Insurance provides benefits like stability for families and businesses, facilitates credit, and allows for savings and investment in the economy. It also reduces costs and promotes loss prevention.
1) The document discusses the implications of including a 'waiver of subrogation' clause in construction works insurance policies where there are multiple insureds. It notes that such a clause could have unintended consequences for the insurer if not carefully worded.
2) It then provides background on the legal concept of subrogation, including that it allows an insurer to 'step into the shoes' of the insured and recover losses from third parties. However, subrogation cannot be used by an insurer against its own insured.
3) The document analyzes a court case where a subcontractor claimed protection under the waiver of subrogation clause in the principal contractor's insurance policy, even though the subcontract
Practice and Implication of Principle of Proximate Cause by the Insurance Com...Mohammad Istiaq Hasan
I and my fellow members were assigned to study and prepare a report on the application of Principle of Proximate Cause by insurance companies of Bangladesh. In the introductory part, we briefly described the theoretical overview of proximate cause.
After mentioning the company profile, we described six real cases of Agrani Insurance Company Limited and National Life Insurance Company Limited with their policy implication. We pointed out the proximate causes of loss from the case and explained the reasons payment of a claim or rejection of a claim.
Whole life insurance provides long-term value to policy owners in three ways:
1) It guarantees a level death benefit, level annual premium payments, and increases in cash value.
2) It provides permanent life insurance protection as long as premiums are paid.
3) The cash value builds over time and is not affected by market conditions, providing lifetime coverage with guaranteed level premiums.
The document discusses the costs of delaying the purchase of life insurance. It notes that the biggest potential cost is the impact on a person's family if they die without sufficient financial protection. However, it also explains that each year of delay can lower both the future total cash value and total death benefit of a permanent life insurance policy. Using examples, it illustrates how delaying the purchase of a $250,000 policy by two years could result in $28,320 less total cash value at age 65 and $86,319 less total death benefit at age 85. The document encourages speaking to a financial advisor about affordable life insurance options to meet needs and build flexibility for the future.
The document discusses changes to estate, gift, and generation-skipping transfer (GST) taxes resulting from the American Taxpayer Relief Act of 2012 (ATRA 2012).
1) ATRA 2012 permanently extended the $5 million (indexed for inflation) applicable exclusion amount for estate, gift, and GST taxes and the portability of the exclusion between spouses. It also permanently set the top tax rate at 40%.
2) ATRA 2012 permanently extended several other estate tax provisions including the unlimited marital deduction, the deduction for state death taxes paid, the conservation easement exclusion, and favorable tax treatment for closely held businesses.
3) The document provides an overview of key estate planning concepts such as the
Why hole life insurance is more than just for your loved ones, create wealth, supplement your retirement income, emergency funds, psssible funding for college education, learn more about all the possibilities of whole life insurance.
CBI Comments on Proposed TRIA Regulatory DefinitionsJasonSchupp1
This comment letter focuses on the proposed rule changes for the Terrorism Risk Insurance Act regulations with respect to the definitions of:
• Act of terrorism; and
• Insured loss
in accordance with Treasury’s Notice appearing at 85 FR 71588 (November 10, 2020).
Tax Diversifiying Your Retirement Income Ppt 14400 0409 Fgranimal87
- Retirement income sources have changed from defined benefit pensions and Social Security to increased reliance on personal savings and assets
- Social Security alone is not enough to cover basic retirement expenses and its future is uncertain
- Fewer employers offer pensions and 401k plans have contribution limits
- Personal assets are critical but taxes need to be considered for different savings vehicles
- Diversifying retirement savings across tax-advantaged accounts and life insurance can help reduce taxes in retirement
allstate Quarter Information 2007 4th Reinsurance Update finance7
This document summarizes Allstate's catastrophe reinsurance program for personal lines that will be effective from June 1, 2008 to May 31, 2009. The program provides reinsurance protection from catastrophes like storms, wildfires, earthquakes, and fires following earthquakes. It coordinates coverage under various agreements that insure losses in specific states and regions. The program is designed to provide shareholders an acceptable return while protecting customers from catastrophe losses.
George Harrison escribió y grabó la canción "My Sweet Lord" en 1970. La canción se convirtió en un éxito mundial y alcanzó el número uno en las listas de éxitos de varios países. Sin embargo, más tarde se determinó que la melodía de la canción era demasiado similar a "He's So Fine" de The Chiffons, lo que llevó a una demanda por infracción de derechos de autor contra Harrison.
This document provides an introduction to the Java programming language, including its history, key concepts, and characteristics. It describes how Java was created in the early 1990s at Sun Microsystems to enable programming for the internet and be platform independent. The document outlines the core object-oriented programming concepts in Java like encapsulation, inheritance, and polymorphism. It also details Java's main characteristics such as being simple, secure, portable and having good performance. The life cycle of a Java program from writing source code to compilation and execution is summarized. Finally, a simple Java program is shown as an example.
Este documento presenta una breve autobiografía de Jesús David Cárdenas Santamaría, un joven de 14 años de edad. Incluye información personal como su nombre, edad, fecha de nacimiento, número de teléfono, peso, estatura, lugar de nacimiento y estado civil. También describe sus intereses como escuchar música, salir con amigos, jugar videojuegos, estar en las redes sociales y pasar tiempo con su familia. Además, menciona que le interesan carreras como ingeniería ambiental o industrial.
Sun Yat-sen becomes the first Provisional President of the Republic of China on January 1, 1912 after revolutionaries overthrew the Qing dynasty. The ROC was founded in Nanjing with the ideals of a democratic republic, but faced internal instability and challenges from warlords and foreign aggression in its early decades.
The document discusses the history and evolution of fraternal organizations that provided support to members. Over time, advances in communication made the world smaller and led to a shift toward personal independence and security for loved ones through organization and insurance offerings. Different insurance products are described as addressing either short-term or long-term needs, with varying costs, coverage periods, tax implications, and flexibility. Myths about tax-deferred savings through RRSPs alone are debunked, noting that funds in an RRSP are taxed fully upon withdrawal. The benefits of tax-deferred growth through cash value in life insurance contracts under tax law are highlighted. The document promotes registering for an online consultation to learn strategies for choosing when and how to retire.
Aviva index universal life insurance crediting interest to your cash valueConnie Dello Buono
Aviva index universal life insurance crediting interest to your cash value..connie dello buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com Greater Bay area
Basics of insurance and investment terms seminar ongoing...
Bad news can impact on any one of us at any time, in the form of an illness, or sudden death. We don’t like to think about it, but we do have to plan for it. So having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to illness or your premature death. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship.
Chapter 03 principles and practice of lifeinsuranceiipmff2
The document discusses key concepts in life insurance including:
1) Life insurance provides protection for dependents by ensuring continuity of income if the primary breadwinner dies. It also serves as a savings instrument and provides benefits like education funds and annuities.
2) Determining how much insurance is needed factors in immediate expenses after death, education costs of children, recurring costs of dependents, and paying off debts.
3) Popular life insurance plans include term insurance, whole life insurance, endowment insurance, and annuity contracts. Combination plans also exist to meet various policyholder needs.
1. Insurance companies must collect sufficient premiums to cover expected losses, operating expenses, reserves for unexpected losses, and allow for investment income.
2. Key factors that determine premium prices include the cost of losses, cost of doing business, cost of capital reserves, and contributions to catastrophe reserves.
3. Insurance provides benefits like stability for families and businesses, facilitates credit, and allows for savings and investment in the economy. It also reduces costs and promotes loss prevention.
1) The document discusses the implications of including a 'waiver of subrogation' clause in construction works insurance policies where there are multiple insureds. It notes that such a clause could have unintended consequences for the insurer if not carefully worded.
2) It then provides background on the legal concept of subrogation, including that it allows an insurer to 'step into the shoes' of the insured and recover losses from third parties. However, subrogation cannot be used by an insurer against its own insured.
3) The document analyzes a court case where a subcontractor claimed protection under the waiver of subrogation clause in the principal contractor's insurance policy, even though the subcontract
Practice and Implication of Principle of Proximate Cause by the Insurance Com...Mohammad Istiaq Hasan
I and my fellow members were assigned to study and prepare a report on the application of Principle of Proximate Cause by insurance companies of Bangladesh. In the introductory part, we briefly described the theoretical overview of proximate cause.
After mentioning the company profile, we described six real cases of Agrani Insurance Company Limited and National Life Insurance Company Limited with their policy implication. We pointed out the proximate causes of loss from the case and explained the reasons payment of a claim or rejection of a claim.
Whole life insurance provides long-term value to policy owners in three ways:
1) It guarantees a level death benefit, level annual premium payments, and increases in cash value.
2) It provides permanent life insurance protection as long as premiums are paid.
3) The cash value builds over time and is not affected by market conditions, providing lifetime coverage with guaranteed level premiums.
The document discusses the costs of delaying the purchase of life insurance. It notes that the biggest potential cost is the impact on a person's family if they die without sufficient financial protection. However, it also explains that each year of delay can lower both the future total cash value and total death benefit of a permanent life insurance policy. Using examples, it illustrates how delaying the purchase of a $250,000 policy by two years could result in $28,320 less total cash value at age 65 and $86,319 less total death benefit at age 85. The document encourages speaking to a financial advisor about affordable life insurance options to meet needs and build flexibility for the future.
The document discusses changes to estate, gift, and generation-skipping transfer (GST) taxes resulting from the American Taxpayer Relief Act of 2012 (ATRA 2012).
1) ATRA 2012 permanently extended the $5 million (indexed for inflation) applicable exclusion amount for estate, gift, and GST taxes and the portability of the exclusion between spouses. It also permanently set the top tax rate at 40%.
2) ATRA 2012 permanently extended several other estate tax provisions including the unlimited marital deduction, the deduction for state death taxes paid, the conservation easement exclusion, and favorable tax treatment for closely held businesses.
3) The document provides an overview of key estate planning concepts such as the
Why hole life insurance is more than just for your loved ones, create wealth, supplement your retirement income, emergency funds, psssible funding for college education, learn more about all the possibilities of whole life insurance.
CBI Comments on Proposed TRIA Regulatory DefinitionsJasonSchupp1
This comment letter focuses on the proposed rule changes for the Terrorism Risk Insurance Act regulations with respect to the definitions of:
• Act of terrorism; and
• Insured loss
in accordance with Treasury’s Notice appearing at 85 FR 71588 (November 10, 2020).
Tax Diversifiying Your Retirement Income Ppt 14400 0409 Fgranimal87
- Retirement income sources have changed from defined benefit pensions and Social Security to increased reliance on personal savings and assets
- Social Security alone is not enough to cover basic retirement expenses and its future is uncertain
- Fewer employers offer pensions and 401k plans have contribution limits
- Personal assets are critical but taxes need to be considered for different savings vehicles
- Diversifying retirement savings across tax-advantaged accounts and life insurance can help reduce taxes in retirement
allstate Quarter Information 2007 4th Reinsurance Update finance7
This document summarizes Allstate's catastrophe reinsurance program for personal lines that will be effective from June 1, 2008 to May 31, 2009. The program provides reinsurance protection from catastrophes like storms, wildfires, earthquakes, and fires following earthquakes. It coordinates coverage under various agreements that insure losses in specific states and regions. The program is designed to provide shareholders an acceptable return while protecting customers from catastrophe losses.
George Harrison escribió y grabó la canción "My Sweet Lord" en 1970. La canción se convirtió en un éxito mundial y alcanzó el número uno en las listas de éxitos de varios países. Sin embargo, más tarde se determinó que la melodía de la canción era demasiado similar a "He's So Fine" de The Chiffons, lo que llevó a una demanda por infracción de derechos de autor contra Harrison.
This document provides an introduction to the Java programming language, including its history, key concepts, and characteristics. It describes how Java was created in the early 1990s at Sun Microsystems to enable programming for the internet and be platform independent. The document outlines the core object-oriented programming concepts in Java like encapsulation, inheritance, and polymorphism. It also details Java's main characteristics such as being simple, secure, portable and having good performance. The life cycle of a Java program from writing source code to compilation and execution is summarized. Finally, a simple Java program is shown as an example.
Este documento presenta una breve autobiografía de Jesús David Cárdenas Santamaría, un joven de 14 años de edad. Incluye información personal como su nombre, edad, fecha de nacimiento, número de teléfono, peso, estatura, lugar de nacimiento y estado civil. También describe sus intereses como escuchar música, salir con amigos, jugar videojuegos, estar en las redes sociales y pasar tiempo con su familia. Además, menciona que le interesan carreras como ingeniería ambiental o industrial.
Sun Yat-sen becomes the first Provisional President of the Republic of China on January 1, 1912 after revolutionaries overthrew the Qing dynasty. The ROC was founded in Nanjing with the ideals of a democratic republic, but faced internal instability and challenges from warlords and foreign aggression in its early decades.
The document discusses initiatives funded by the Goldhirsh Foundation to improve environmental sustainability in the Los Angeles region. It summarizes projects funded, including developing trash capture devices in Compton Creek to improve water quality, issuing an annual report card on environmental quality metrics, and grants awarded through the LA2050 initiative to support projects focused on sustainability and the LA watershed. The foundation's role is to support the region's health and monitor progress on key indicators through research, reporting, events and grantmaking.
Sónico es la red social más popular de Latinoamérica, con más de 51 millones de usuarios en 2011. La mayoría de los usuarios se encuentran en Brasil (21%) y México (17%). Los usuarios pueden agregar amigos, publicar fotos y videos, chatear, y unirse a grupos y redes. Sónico ofrece varias opciones de privacidad y seguridad para que los usuarios controlen quién puede ver su información.
1) O documento discute as atividades relativas aos livros do 1o ano do Ensino Médio na Escola Estadual Adolfo Augusto de Moraes, incluindo a importância das Diretrizes Curriculares Nacionais para o desenvolvimento das ações pedagógicas e os principais desafios da escola para garantir a qualidade do ensino.
2) Os principais desafios da escola incluem a infraestrutura física deficiente e a desmotivação para o ensino e aprendizagem.
3) O perfil dos alun
Los animales salvajes viven en hábitats naturales y no están domesticados. Algunos animales salvajes incluyen leones, tigres, osos y lobos. Es importante proteger los hábitats de los animales salvajes y asegurarnos de que tengan suficiente espacio y recursos para vivir.
Una persona agradece a otra persona llamada Perlinplin por todo y expresa su amor por ella. Otra persona llamada Buñito promete nunca faltarle a la persona.
Una cuenca hidrográfica se define como el territorio drenado por un único sistema de drenaje natural que vierte sus aguas al mar a través de un único río o a un único lago endorreico. Las cuencas hidrográficas están delimitadas por las líneas divisorias de aguas y se utilizan para regular el uso de los recursos naturales y permitir una integración social y territorial a través del agua. Las cuencas hidrológicas incluyen tanto las aguas superficiales como las subterráneas.
buenos chistes Ideas para Ayudarle A Disfrutar de Su Experienciachistesoverrated8
Este documento ofrece varios consejos para ayudar a las personas a disfrutar de su experiencia con los videojuegos, incluyendo tomar descansos, jugar con la familia, revisar las clasificaciones por edad y comprar videojuegos usados o en subastas para ahorrar dinero. También recomienda asegurarse de que los accesorios como controles funcionen correctamente antes de comprarlos.
H2SZERO is a new technology for removing sulfur from natural gas that offers significant advantages over traditional solutions. It uses a patented iron oxide-based material that can remove 100% of sulfides for 3-5 times longer than competitors, resulting in lower costs. H2SZERO is also easier to use due to its fluidization during cleanout and its material being non-hazardous. Its longer run times allow for increased efficiencies and economies of scale for natural gas producers.
La neumonía es una inflamación de los pulmones que puede ser causada por virus, bacterias u hongos. Los síntomas incluyen fiebre, tos con flema, dificultad para respirar y dolor al respirar. El diagnóstico se realiza mediante radiografía de tórax. El tratamiento para las neumonías bacterianas son antibióticos, y en algunos casos es necesario el ingreso hospitalario. La vacunación antigripal y antineumocócica puede prevenir algunos tipos de neumonía.
Este documento presenta un plan de estudios de 40 lecciones para aprender a utilizar Microsoft Word 2010. Las lecciones cubren temas como abrir y guardar archivos, navegar la interfaz, formato de texto, tablas, imágenes, gráficos e inserción de otros objetos. El objetivo general es proporcionar los conceptos y pasos necesarios para usar las funciones básicas de Word.
Internet ha cambiado la vida moderna al permitir el acceso rápido a información y comunicación global. Sin embargo, también ha traído algunos desafíos como la adicción a Internet y vulnerabilidad de privacidad en redes sociales. Además, una falla global de Internet podría causar caos debido a la alta dependencia de muchos países en la red.
Ter Beke is a fresh food group and market leader in Europe for lasagna. It has 8 industrial establishments across Benelux, the UK, and Germany, employing around 1750 people. The company's stock price fluctuated between 2004-2011, peaking in 2005, and has been gaining again recently. Financial figures and ratios show rising turnover, EBITDA, and dividend per share. Forecasts indicate shares and turnover strengthening with better-than-expected 2012 results and expectations for further improvements going forward.
Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.
Survivor universal life insurance 4088541883 san jose california connie dello...Connie Dello Buono
connie dello buono 4088541883 san jose california ca life ins lic 0G60621 on page 3 is about preserving your heir's inheritance, charitable gifts, key person coverage and wealth transfer
1. The document discusses QoL FlexTerm life insurance and its accelerated benefit riders. It addresses how the riders allow policyholders to access a portion of their death benefit if they experience a qualifying serious illness or condition while still living, helping to cover medical and living expenses.
2. It provides an example of a man named Tony who purchases QoL FlexTerm coverage and later experiences a heart attack, allowing him to accelerate $120,000 of his $500,000 policy to help pay bills while he recovers.
3. The accelerated benefit riders provide living benefits for critical illnesses like cancer or heart attack, chronic illnesses, or a terminal prognosis, which can help policyholders facing high medical costs or lost
LifeHealthPro - Heres why cash value life insurance is a superior productJose Ariel Taveras
The document discusses the advantages of cash value life insurance over term life insurance and other financial assets. It outlines three main categories of advantages for cash value life insurance: 1) Tax advantages, such as tax-free growth of cash value and tax-free death benefits; 2) Financial advantages, as life insurance is designed using actuarial models to provide guarantees and potential increases in death benefits; and 3) Legal advantages, like state legal protections and guarantees of insurers. The document promotes cash value life insurance as a superior financial product compared to alternatives due to these inherent advantages.
The document discusses various options for owning life insurance in an estate plan, including both personal ownership and ownership through an irrevocable life insurance trust. It notes that the standard recommendation is for a trust to own life insurance to avoid estate taxes, but that personal ownership may also make sense depending on an individual's circumstances. The document explores issues to consider regarding how life insurance fits into an estate plan based on an individual's needs, goals, and tax situation.
This document provides an overview of traditional and indexed life insurance. It discusses key questions people have when purchasing life insurance, such as how much is needed and what type to buy. It defines term and cash value life insurance, and describes various term and cash value policies. It also summarizes how life insurance is taxed, including premiums, dividends, loans/withdrawals, and modified endowment contracts. The document aims to help readers understand their options so they can select the best life insurance for their needs and objectives.
This document provides a summary of different types of personal risk insurance:
1. Life insurance pays a lump sum if the policyholder dies or has a terminal illness. It is used to pay off debts and provide savings.
2. Total permanent disability insurance pays a lump sum if the policyholder becomes totally and permanently disabled. It is also used to pay off debts and provide savings.
3. Trauma insurance pays a lump sum if the policyholder suffers a medical trauma. It can be used to pay medical expenses and assist in difficult times.
4. Income protection insurance covers up to 75% of the policyholder's salary if they cannot work due to sickness or injury. It enables maintaining lifestyle while
Running Head INSURANCE COVERAGE1INSURANCE COVERAGE5.docxcowinhelen
Running Head: INSURANCE COVERAGE
1
INSURANCE COVERAGE
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Importance of insurance in Estate and Gift Plans
Student’s Name
Institution Affiliation
Date
Insurance coverage is a vital aspect of estate planning. It is essential to help your family after the passing of the insured individual. For estate owners, seeking insurance cover is crucial for their families. The following are some of the benefits that are associated with insurance in estate and gift plans.
1. Avoiding Liquidity Problems
Gifts are frequently attached to less money, and your domain might be made principally out of tangible assets, for example, firmly held business premiums, land or other assets. If your beneficiaries require money to pay home duties or to help themselves, these advantages can be difficult to offer. So far as that is concerned, you may not need these benefits sold. Protection can be the best answer for liquidity issues.
Regardless of whether your estate is in considerable esteem, you might need to buy protection just to evade the pointless offer of advantages for pay costs or duties (Black et al., 2014). Once in a while second amazing promises well. Apparently, your circumstance is one of a kind, so it requires one to get expert guidance before buying estate coverage plans.
2. One can be able to Pick the Best Owner
If one claims insurance for an estate at your demise and you die while the domain assesses in actuality, the returns will be incorporated into your quantifiable inheritance. A proprietorship is typically dictated by a few elements, including who has the privilege to name the recipients of the returns.
Figuring out who should claim protection on your life is a complicated undertaking because there are numerous conceivable proprietors: you or your life partner, your kids, your business, an Irrevocable Life Insurance (ILIT), a family constrained association (FLP) or Limited Liability Company (LLC). The insured person should, therefore, make sure that they outline well the rightful conceivable proprietors to the insurance claim before they die to avoid the cases of misunderstanding among the left candidates.
Possession by you or your life partner, by and large, works best when your joined resources, including protection, don't put both of your homes into a quantifiable circumstance. There are a few non-tax cuts to your possession, primarily identifying with adaptability and control (Thurman, 2016). The most significant disadvantage to possession by you or your life partner is that on the demise of the surviving companion (accepting the returns were at first paid to the mate), the protection continues could be liable to government home assessments, contingent upon when the surviving mate dies.
3. One will be able to Pass riches to the kids
Possession by your youngsters works best when your essential objective is to pass fortunes to them. This makes their life more comfortable at the time when the insured person dies. In addition to this, ...
- The document discusses the values and benefits of whole life insurance, including guaranteed death benefits, cash value accumulation, tax advantages, and leaving a legacy for loved ones.
- It explains how whole life insurance works, how companies determine pricing, how dividends and cash value can benefit policyholders, and how the death benefit protects beneficiaries.
- The document provides examples showing how cash value and death benefits can grow over time both with and without dividends, leaving beneficiaries with potentially larger legacies.
Personal insurance planning protects individuals and their loved ones by paying out policies in the event of death, critical illness, accidents, or loss of income. Life insurance is especially important for those with dependents to provide for them financially in case of death. Critical illness cover and income protection can help protect against loss of income if an individual is unable to work due to serious illness or injury. Medical, accident, and long-term care insurance are also important to consider, as most countries do not fully cover healthcare costs. Globaleye offers assistance in determining the best personal insurance options.
This document provides an overview of life insurance, including how much coverage is needed, the different types of policies, taxation of life insurance benefits, and additional benefits that may be available. It discusses term life insurance, whole life insurance, universal life insurance, and cash value life insurance. The summary highlights the key factors to consider when determining how much coverage and what type of policy best fits an individual's needs and objectives.
The role of life insurance in retirement planningBill Hurlbut
This document discusses the role of cash value life insurance in retirement planning. It can provide benefits if the policyholder dies, becomes disabled, or lives to retirement. At retirement, the cash value can be a source of income through withdrawals, loans, or converting it into a lifetime annuity. It allows tax-deferred growth and flexible access to funds. Withdrawals and loans reduce the death benefit and cash value.
1. Whole life insurance provides benefits during one's lifetime through dividends that can pay premiums or increase benefits and cash value, not just at death as commonly believed. It also offers stable value and tax benefits.
2. Contrary to claims, whole life insurance is a good place to put money offering guaranteed returns, unlike stocks, and tax-deferred growth of cash value that can be withdrawn tax-free up to cost basis.
3. Rather than cashing out at retirement, whole life policies can supplement retirement income tax-free and provide estate liquidity, a legacy, and care for family through trusts.
This document provides information on term assurance policies, including:
1) Term assurance policies offer life insurance protection for a fixed term, with the sum assured payable only upon death during the term. Policyholders can choose the length of coverage and premiums are based on age, health, sum assured, and term length.
2) Types of term assurance policies include level term (fixed payout and premium), decreasing term (reducing payout and premium), increasing term (increasing payout), and convertible term (option to convert to another policy type).
3) The document also mentions family income benefit policies, which provide dependents with a regular income instead of a lump sum, and notes that as part
This document provides information about life insurance policies in India. It discusses different types of life insurance policies like term insurance, whole life insurance, endowment policies, money back plans, children's policies, annuity plans, and unit linked insurance plans. It also answers frequently asked questions about life insurance policies, including how premiums, surrender values, and claims are calculated for conventional and unit linked policies. The document aims to educate policyholders about various aspects of life insurance.
1. Permanent life insurance can be a good investment if commissions are reduced by 85% and the policy is obtained from a company with low mortality charges. This can improve rates of return by over 200 basis points compared to a standard policy.
2. Reducing commissions, which typically exceed 100% of the first year premium, allows more of the premium to build cash value immediately rather than pay commissions. Low commissions improve long term returns significantly.
3. Obtaining a policy from a company with the best mortality results based on industry studies can further improve returns by 90-140 basis points depending on age. Combining low commissions and low mortality charges offers the best returns.
Asset-Care is a long-term care insurance product that uses a single premium to provide guaranteed death and long-term care benefits. The single premium purchases a guaranteed amount of coverage that can be used for qualifying long-term care expenses or passed to beneficiaries. Any unused benefits are paid to beneficiaries. It offers tax advantages and allows policyholders to access their full premium amount if they change their minds. Optional riders are available to provide lifetime long-term care coverage through fixed premiums.
This document aims to debunk common myths about whole life insurance by presenting facts about its benefits. It discusses that contrary to popular belief, whole life insurance provides substantial living benefits like dividends that can be used to pay premiums or buy more coverage. It also notes that whole life insurance value is stable and unaffected by markets, and grows tax-deferred. While whole life may seem expensive, the document argues it is less costly than term for lifetime coverage and provides lasting value, unlike term which results in owning nothing after the term ends. Overall, the document promotes whole life insurance as a flexible financial planning tool.
This document provides information about various types of financial protection options, including whole-of-life insurance, term life insurance, family income benefit, decreasing term insurance, critical illness insurance, income protection, and long-term care insurance. It explains what each option provides, such as a lump sum payment or replacement income. The document also states that the company can help clients understand their unique needs and circumstances to provide the most suitable and cost-effective protection solutions.
This document provides information about life assurance and the importance of obtaining professional advice when choosing a policy. It discusses reviewing coverage for different life stages and factors like health, occupation, and dependents. The two main types of policies are term assurance, which pays out if death occurs within a set period, and whole-of-life assurance, which provides lifetime coverage. Trusts can avoid inheritance tax on payouts. Professional advice can help determine the appropriate amount of coverage needed.
Similar to Abu Dhabi Medical Insurance advices (20)
1. Pacific Prime
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2. page 1
Pacific Prime UL-NLG
Help Protect Your Assets with Life Insurance
In planning for a financially secure future for yourself and your from your policy with your insurance professional and choose
loved ones, have you considered the impact of taxes? Without wisely when considering accessing your policy’s cash value.
proper planning, your financial legacy can be eroded by 30%1
Flexible and efficient, life insurance can be used to transfer
or more due to income and estate2 taxes at your death.
and preserve wealth for generations. See what it can do for
Life insurance is designed to help. It is the only asset that can you. Help protect your assets with Pacific Prime UL-NLG5, a
offer all three of the following tax benefits: 1) a tax-free3 death universal life insurance policy that provides flexible no-lapse
benefit for loved ones, 2) tax-deferred growth of the policy’s guarantees of up to a lifetime.
cash value, and 3) a potential tax-free4 income stream through
withdrawals and policy loans. Keep in mind that withdrawals
and loans will shorten or negate the no-lapse guarantee of this
policy. So discuss the impact of taking withdrawals and loans Simple, Powerful, Permanent Asset Protection
Pacific Prime UL-NLG offers: Helping You Protect Your Assets
e No-Lapse Guarantee Durations of Up to a Lifetime Pacific Prime UL-NLG may help you if you have the
e Guaranteed Interest Crediting Rates following traits:
e Flexible Premiums e Moderate to high net worth
Plus… e Close-knit family
e Age 50 or older
e Tax-Free3 Death Benefit for Loved Ones e Have sufficient source of retirement income elsewhere
e Tax-Deferred Growth of Cash Value e Need for legacy planning or estate tax planning
e Tax-Free4 Access Options for You e Potential desire for charitable gifting
Investment and Insurance Products: Not a Deposit — Not FDIC Insured —
Not Insured by any Federal Government Agency — No Bank Guarantee — May Lose Value
3. page 2
It Can Be as Easy as 1 - 2 - 3.
Is Pacific Prime UL-NLG right for you? Start by asking
yourself just 3 simple questions:
Do you want flexible life insurance coverage that can Do you want extra protection in case you become
1 cover your whole family in one convenient policy? 3 disabled, terminally ill, or die due to an accident?
Do you want a guarantee that your coverage will
2 stay in place, no matter what happens to your
policy’s performance?
Take a closer look at how Pacific Prime UL-NLG
can help you address these questions.
1 Marginal income tax bracket.
2 From January 1, 2011 to December 31, 2012, the federal estate tax exemption amount is $5,000,000 (indexed for inflation starting January 1, 2012); the maximum estate tax rate is 35%;
and, the rules regarding step-up in basis for property transferred at death are reinstated. Also over the same time period, if the executor of a deceased spouse’s estate so elects, the surviving spouse
could later use his or her own unused estate tax exemption, plus the unused exemption of his or her most recent deceased spouse.
3 For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Section 101(a)(1). In certain situations, however, life insurance
death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for
an exception under IRC Section 101(a)(2) (i.e. the “transfer-for-value rule”); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy
qualifies for an exception under IRC Section 101(j).
4 Tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2) policy remains in force until death;
(3) withdrawals taken during the first 15 policy years do not occur at the time of, or during the two years prior to, any reduction in benefits; and (4) the policy does not become a modified
endowment contract. See IRC Sections 7702(f)(7)(B), 7702A. Any policy withdrawals, loans and loan interest will reduce policy values and may reduce benefits.
5 Policy Form #P10P1N.
4. page 3
1 Flexible Coverage Options for the Whole Family
Pacific Prime UL-NLG can help provide financial protection just you or, through optional policy benefits called riders7,
for you, your family, your business, and your legacy through a your whole family.
tax-free6 death benefit. You can structure your policy to cover
Death Benefit Coverage
Basic Coverage on the primary insured (you). Optional level term insurance on any member of your
immediate family.
Annual Renewable Term Rider—Additional Insured
(Form #R08RTA)7 - Covers any member of the primary insured’s
immediate family.
Children’s Term Rider (Form #R84-CT)7 - Covers primary insured’s
children aged 14 days to 25 years.
6 For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Section 101(a)(1). In certain situations, however, life insurance death benefits
may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC
Section 101(a)(2) (i.e. the “transfer-for-value rule”); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC
Section 101(j).
7 Riders will likely incur additional charges and are subject to state availability, restrictions, and limitations. When considering a rider, request a policy illustration from your insurance professional to see
the rider’s impact on your policy’s values.
5. page 4
Flexibility for Growing Families
What if you get married or have a baby before your 40th birthday? You can buy additional death benefit coverage without
requiring further medical underwriting through the Guaranteed Insurability Rider (Form #R93-GI).7 Just contact us within 31
days of a qualifying event. See your policy for age-based coverage limits and other guidelines.
6. page 5
2 Guarantee Your Death Benefit for the Duration You Choose
We understand that you have better things to worry about To provide the security of guaranteed coverage at predictable
than your life insurance policy. That’s why Pacific Prime UL- premiums, the Flexible Duration No-Lapse Guarantee III
NLG features a guarantee to help keep your policy in-force Rider (Form #R03FNL)8 guarantees that your policy will stay
even if your policy’s cash value drops to zero. in force for the duration you choose, no matter how your
policy performs.9
Without this guarantee, as long as your policy has enough
cash value to pay monthly policy charges, your policy would Choose your no-lapse guarantee duration and pay your
stay in force. But if policy charges increased or crediting rates premiums as planned.10 It’s that easy.
decreased beyond expectations, you may have to pay more in
premiums than you planned to keep your policy in place.
The hypothetical chart to the right illustrates
that longer no-lapse guarantee periods will require
higher premiums.
8 Riders will likely incur additional charges and are subject to state availability, restrictions, and limitations. When considering a rider, request a policy illustration from your insurance profes-
sional to see the rider’s impact on your policy’s values.
9 The no-lapse guarantee is based on the net no-lapse guarantee value being greater than zero. The net no-lapse guarantee value is a policy calculation that mirrors the growth of your policy’s
cash value, but grows at a different interest rate and is reduced by different charges than your policy’s cash value. It cannot be accessed through withdrawals or policy loans and is merely a
calculation to determine whether your no-lapse guarantee is in effect.
10 If the policy is being maintained solely by the no-lapse guarantee, you will be foregoing the advantage of building cash value. A policy will enter a grace period if both the cash value and
no-lapse guarantee value (net of loans) reach zero and if no further (or insufficient) premium payments are made. To keep the policy from entering the grace period and eventually lapsing, an
additional amount, representing the lesser of uncollected monthly deductions with interest, or the amount required to bring the net no-lapse guarantee value to a positive value, must be paid.
7. page 6
You Choose Your No-Lapse Guarantee Duration
Lifetime
Examples of No-Lapse
Guarantee Durations
To Age 110
To Age 105
To Age 100
To Age 96
low high
Premiums
8. page 7
Life is full of uncertainties. You can plan for success in the event of an emergency by having a backup plan. Pacific Prime
UL-NLG offers optional riders11 that can provide benefits in the event of disability, terminal illness, or death due to an accident.
9. page 8
3 Optional Rainy Day Protection
e Accelerated Living Benefit Rider (Form #R06ALB)12 — e Waiver of Charges (Form #R84-WC) — Helps keep
If the primary insured is diagnosed as terminally ill (12 coverage in place by waiving all policy charges if the
months or fewer to live), a portion of the tax-free death primary insured is diagnosed with a total disability prior
benefit will be available for the policyowner to use for to age 60. Benefit takes effect after a three-month
any reason. qualifying period.
e Accidental Death Benefit Rider (Form #R84-AD) — e Owner Waiver of Charges (Form #R84-OWC) —
Provides an additional death benefit to the policy’s Waives policy charges if the policyowner (who is not the
beneficiaries if the primary insured dies due to an accident. primary insured) becomes totally disabled before age 60.
11 Riders will likely incur additional charges and are subject to state availability, restrictions and limitations. When considering a rider, request a policy illustration from your insurance profes-
sional to see the rider’s impact on your policy’s values.
12 The benefits of the Accelerated Living Benefit Rider are subject to state requirements, may be subject to taxation, and may impact Medicaid benefits. Some states may require a diagnosis
of terminally ill with 24 months or fewer to live. Please consult your legal advisor for more information.
10. page 9
Product Guarantees & Charges
Flexible Duration No-Lapse Guarantee Policy charges will reduce the policy’s cash value. Please refer
to your policy for more detailed information.
Provided through the Flexible Duration No-Lapse Guarantee
III Rider (Form #R03FNL), your policy’s no-lapse guarantee e Premium Load — This charge is assessed on each
will be in effect for the duration of your choosing as long as premium payment we receive from you. Maximum of
the policy’s net no-lapse guarantee value is greater than zero. 6.95%. (Current premium load: 5.95%.)
The net no-lapse guarantee value grows at a different interest e Administrative Charge — $7.50/month through insured’s
rate and is reduced by different charges than your policy’s cash age 120.
value. e Coverage Charge — Monthly charge for first 10 policy
years on a current basis, through age 120 on a guaranteed
You may take withdrawals and loans from your policy’s cash
basis, for administration and maintenance of the policy.
value, but doing so may reduce or negate your no-lapse
Rate varies based on issue age, gender, risk class, and
guarantee. If you plan on taking withdrawals or loans from your
Death Benefit Option.
policy, you should request illustrations from your insurance
e Cost of Insurance Charge (COI) — A rate per $1,000
professional to understand the potential impact.
multiplied by the Net Amount at Risk (difference
between your policy’s death benefit and its cash value).
Interest Rate Guarantee This charge is deducted monthly through age 120.
Your policy’s cash value will grow at a current rate that Pacific e Surrender Charge — An amount deducted from the
Life guarantees for the first policy year. The current rate may cash value if the policy is surrendered within the first 10
change periodically, but is guaranteed to never be less than policy years.
3.00%. Additionally, in policy year 21 and afterward, Pacific e No-Lapse Guarantee Charge — An amount deducted
Life currently credits an additional 0.60% to the current monthly from the cash value and based on the policy’s
crediting rate, though this is not a policy guarantee. cash value and Net Amount at Risk.
11. page 10
The Power to Help You Succeed
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and
offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life also counts more
than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial
strength ratings, visit Pacific Life online at www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of April 2010 is compiled by Pacific Life using the 2010 FORTUNE 500® list.
12. This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or
local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by
this material. Pacific Life Insurance Company, its distributors and their respective representatives do not provide tax, accounting
or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Pacific Life Insurance Company
Newport Beach, CA
(800) 800-7681 • www.PacificLife.com
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York.
Product availability and features may vary by state. Product and rider guarantees are backed by the financial strength and claims-paying ability
of Pacific Life Insurance Company.
Non-guaranteed elements are not guaranteed by definition. As such, Pacific Life Insurance Company reserves the right to change
or modify any non-guaranteed element. This right to change non-guaranteed elements is not limited to a specific time or reason.
Pacific Life’s individual life insurance products are marketed exclusively through independent third-party producers,
which may include bank-affiliated entities. Some independent third-party producers, which may include bank affiliated entities, may limit availability
of some optional riders based on their client’s age and other factors. Your insurance professional can help you determine which optional riders are
available and appropriate for you.
Insurance Professional’s Name
State Insurance License Number
(or affix your business card)
10-3401A
PP-2A 15-30168-01 2/11