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.
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a good place to put money offering guaranteed returns, unlike stocks, and tax-deferred growth of cash value that can be withdrawn tax-free up to cost basis.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.
There are four main parties that make up the insurance market: buyers, sellers, intermediaries, and regulators. The buyers are individuals, businesses, organizations, and governments seeking insurance coverage. The sellers are insurance companies and reinsurance companies that provide insurance policies. Intermediaries such as agents and brokers facilitate business between buyers and sellers. Regulators like the Nigeria Insurance Association and Nigerian Council of Registered Insurance Brokers oversee the industry.
The document summarizes key concepts about bonds from Chapter 7. It defines different types of bonds like debentures, mortgage bonds, and convertible bonds. It also explains important bond terminology such as par value, coupon interest rate, maturity, and bond ratings. Finally, it discusses methods of valuing bonds and factors that influence their value and ratings.
The document summarizes key features of the London Life lifetime income benefit option, which helps manage risks in retirement. Some key points:
1) It provides guaranteed, predictable income for life starting as early as age 50, regardless of how long the person lives or how markets perform. Income amounts are based on age and increase over time.
2) It offers potential increases to income through annual 5% deferral bonuses for delaying withdrawals, allowing the income base to grow even in down markets.
3) Income amounts can be "reset" every 3 years to higher levels if the policy value has increased, securing gains and providing opportunity for growth in retirement income. Resets are available for life of the policy
The document provides information about different types of life insurance policies and considerations for individuals in different life situations. It discusses term life insurance, universal life insurance, and variable universal life insurance. It emphasizes the importance of life insurance in providing financial security for dependents by covering needs like living expenses, mortgages, education costs, and more. The document also stresses that individuals should review their life insurance policies periodically with their financial advisor to ensure their coverage still meets their needs.
Life insurance is used for many different purposes. During this webinar, we will discuss how Corporate America is currently using life insurance, such as Non-Qualified plans, keyman protection, and buy sell funding. As well as what to look for when purchasing life insurance, as not all products are created equally. We will provide life insurance education on Term, Whole Life, Universal Life, No Lapse Guarantee, Indexed Universal Life, and Variable Universal Life.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
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.
There are four main parties that make up the insurance market: buyers, sellers, intermediaries, and regulators. The buyers are individuals, businesses, organizations, and governments seeking insurance coverage. The sellers are insurance companies and reinsurance companies that provide insurance policies. Intermediaries such as agents and brokers facilitate business between buyers and sellers. Regulators like the Nigeria Insurance Association and Nigerian Council of Registered Insurance Brokers oversee the industry.
The document summarizes key concepts about bonds from Chapter 7. It defines different types of bonds like debentures, mortgage bonds, and convertible bonds. It also explains important bond terminology such as par value, coupon interest rate, maturity, and bond ratings. Finally, it discusses methods of valuing bonds and factors that influence their value and ratings.
The document summarizes key features of the London Life lifetime income benefit option, which helps manage risks in retirement. Some key points:
1) It provides guaranteed, predictable income for life starting as early as age 50, regardless of how long the person lives or how markets perform. Income amounts are based on age and increase over time.
2) It offers potential increases to income through annual 5% deferral bonuses for delaying withdrawals, allowing the income base to grow even in down markets.
3) Income amounts can be "reset" every 3 years to higher levels if the policy value has increased, securing gains and providing opportunity for growth in retirement income. Resets are available for life of the policy
The document provides information about different types of life insurance policies and considerations for individuals in different life situations. It discusses term life insurance, universal life insurance, and variable universal life insurance. It emphasizes the importance of life insurance in providing financial security for dependents by covering needs like living expenses, mortgages, education costs, and more. The document also stresses that individuals should review their life insurance policies periodically with their financial advisor to ensure their coverage still meets their needs.
Life insurance is used for many different purposes. During this webinar, we will discuss how Corporate America is currently using life insurance, such as Non-Qualified plans, keyman protection, and buy sell funding. As well as what to look for when purchasing life insurance, as not all products are created equally. We will provide life insurance education on Term, Whole Life, Universal Life, No Lapse Guarantee, Indexed Universal Life, and Variable Universal Life.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
This article discusses private third-party pension sponsorship (3PPS) in the UK and how it can benefit both individuals and society. It provides an example of how 3PPS could help a man named George achieve his pension savings goals. It then discusses how 3PPS sponsors could invest in areas that boost the UK economy like infrastructure, property development using new technologies, and social housing. The article argues 3PPS has the potential to create pensions funds that wouldn't otherwise exist, lower dependency on the state, and redistribute wealth across generations.
This document provides an overview of indexed universal life (IUL) insurance. It explains that IUL is a type of permanent life insurance that offers the potential for greater interest than traditional universal life due to interest being credited based on the upward movement of a stock market index, up to a cap rate. It also guarantees a minimum 2% interest rate. The document discusses when IUL may be a good choice, the interest crediting options available, and how policyholders can decide factors like coverage amount and premium payments.
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.
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.
Bond valuation involves calculating the present value of a bond's future interest payments and principal repayment. There are several types of bonds that differ in issuer and features. Bonds are issued by corporations and governments to raise funds for projects while managing costs and diversifying sources of capital. Investors face various risks when purchasing bonds like interest rate, default, market and call risks. Key metrics for bonds include current yield, yield to maturity, yield to call and realized yield, which are calculated using principles of time value of money. Bond prices generally move inversely to interest rates and bonds with longer maturities are more sensitive to interest rate changes. Price impacts from interest rate changes are also not symmetrical. Lower coupon bonds experience greater price volatility from
The document discusses different investment options and their risk and return profiles, including stocks, bonds, and life settlements. It then provides details on how life settlement investments work, including purchasing a portion of a life insurance policy at a discount, with returns paid out when the insured passes away. Life settlements offer potential annual returns of 10-15% with very low risk of losing principal, providing diversification benefits compared to traditional markets like stocks and bonds.
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
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
Actuarial comparative analysis of natural premiumanglo99
The document compares natural premium and level premium insurance systems.
[1] Natural premium increases over time as the insured ages and risk of death rises, making it unsustainable. Level premium charges the same premium each year by building up reserves from early premiums to cover later claims.
[2] An example policy shows level premium reserves increasing over time, allowing the company to pay claims later in the policy that exceed premiums.
[3] The analysis recommends level premium over natural premium because it provides consistent premiums and is more practical for policyholders and insurance companies.
This document discusses the valuation of bonds and shares. It defines intrinsic value as the present value of expected future cash flows from an asset, discounted by the required rate of return. Book value is the value of an asset on the balance sheet, calculated as cost minus accumulated depreciation. The document outlines different types of bonds such as irredeemable and redeemable bonds, and how to calculate the present value of bonds with annual and semi-annual interest payments using discounted cash flow formulas. An example calculation is provided.
This document discusses the basic types of life insurance policies. It explains that term life insurance provides coverage for a specified period of time, with lower premiums than permanent life insurance. Permanent life insurance provides lifelong coverage and builds cash value over time, with premiums that are usually higher than term life insurance. The document also notes that both term and permanent policies have advantages, so the best choice depends on an individual's unique needs and situation.
- Bonds have features like par value, coupon rate, maturity date, and call provisions.
- Bond valuation considers cash flows and discount rates. Yields include current yield and yield to maturity.
- Interest rate changes affect bond prices. If rates rise, prices fall.
- Default risk and liquidity affect required rates of return and bond spreads over Treasuries.
- Longer-term bonds have greater interest rate risk but lower reinvestment risk.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
This document provides an overview of bond valuation and the structure of interest rates. It defines key bond concepts like yield to maturity, effective annual yield, and bond price calculation. It also discusses how bond prices are affected by interest rate changes and risk characteristics like default risk, call provisions, and term to maturity. The shape of the yield curve is determined by the real interest rate, expected inflation, and interest rate risk premium.
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 how life insurance can help achieve retirement goals by providing tax advantages. It notes that life insurance builds cash value on a tax-deferred basis that can supplement retirement through tax-favored loans and withdrawals. The document provides an example of a couple using policy withdrawals in retirement to lower their taxes while funding special expenses. It highlights the benefits of leveraging a life insurance policy for retirement through its death benefit, tax-deferred growth, and potential access to cash values.
The 30-year bond has more interest rate risk.
37
Interest Rate Risk
- Longer-term bonds have greater interest rate risk than
shorter-term bonds because their prices are more
sensitive to changes in interest rates.
- When interest rates rise, the price of an existing bond
falls more for longer-term bonds than for shorter-term
bonds.
- When interest rates fall, the price of an existing bond
rises more for longer-term bonds than for shorter-term
bonds.
- Therefore, longer-term bonds have greater price volatility
and interest rate risk.
38
Default Risk
- Default risk is the risk that the issuer will not repay the
This document provides an overview of bond valuation. It defines a bond as a long-term debt instrument that pays periodic interest to the bondholder. It describes the par or face value of a bond as well as the coupon rate. It discusses the types of risks associated with bonds, such as interest rate risk and default risk. It also covers methods for measuring bond yields, including current yield and yield to maturity. The document uses examples to demonstrate how to calculate bond prices and bond yields.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervousness, increased heart rate, sweating, and difficulty sleeping. The document recommends techniques like physical training, cognitive restructuring, and correct breathing to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism from past trauma related to public writing or speaking. Signs of public phobia include nervous movements, sleep problems, sweaty hands, accelerated heart rate, nausea, and headaches. The document recommends physical training, skills for organizing information, and cognitive restructuring to help manage public phobia.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
This article discusses private third-party pension sponsorship (3PPS) in the UK and how it can benefit both individuals and society. It provides an example of how 3PPS could help a man named George achieve his pension savings goals. It then discusses how 3PPS sponsors could invest in areas that boost the UK economy like infrastructure, property development using new technologies, and social housing. The article argues 3PPS has the potential to create pensions funds that wouldn't otherwise exist, lower dependency on the state, and redistribute wealth across generations.
This document provides an overview of indexed universal life (IUL) insurance. It explains that IUL is a type of permanent life insurance that offers the potential for greater interest than traditional universal life due to interest being credited based on the upward movement of a stock market index, up to a cap rate. It also guarantees a minimum 2% interest rate. The document discusses when IUL may be a good choice, the interest crediting options available, and how policyholders can decide factors like coverage amount and premium payments.
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.
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.
Bond valuation involves calculating the present value of a bond's future interest payments and principal repayment. There are several types of bonds that differ in issuer and features. Bonds are issued by corporations and governments to raise funds for projects while managing costs and diversifying sources of capital. Investors face various risks when purchasing bonds like interest rate, default, market and call risks. Key metrics for bonds include current yield, yield to maturity, yield to call and realized yield, which are calculated using principles of time value of money. Bond prices generally move inversely to interest rates and bonds with longer maturities are more sensitive to interest rate changes. Price impacts from interest rate changes are also not symmetrical. Lower coupon bonds experience greater price volatility from
The document discusses different investment options and their risk and return profiles, including stocks, bonds, and life settlements. It then provides details on how life settlement investments work, including purchasing a portion of a life insurance policy at a discount, with returns paid out when the insured passes away. Life settlements offer potential annual returns of 10-15% with very low risk of losing principal, providing diversification benefits compared to traditional markets like stocks and bonds.
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
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
Actuarial comparative analysis of natural premiumanglo99
The document compares natural premium and level premium insurance systems.
[1] Natural premium increases over time as the insured ages and risk of death rises, making it unsustainable. Level premium charges the same premium each year by building up reserves from early premiums to cover later claims.
[2] An example policy shows level premium reserves increasing over time, allowing the company to pay claims later in the policy that exceed premiums.
[3] The analysis recommends level premium over natural premium because it provides consistent premiums and is more practical for policyholders and insurance companies.
This document discusses the valuation of bonds and shares. It defines intrinsic value as the present value of expected future cash flows from an asset, discounted by the required rate of return. Book value is the value of an asset on the balance sheet, calculated as cost minus accumulated depreciation. The document outlines different types of bonds such as irredeemable and redeemable bonds, and how to calculate the present value of bonds with annual and semi-annual interest payments using discounted cash flow formulas. An example calculation is provided.
This document discusses the basic types of life insurance policies. It explains that term life insurance provides coverage for a specified period of time, with lower premiums than permanent life insurance. Permanent life insurance provides lifelong coverage and builds cash value over time, with premiums that are usually higher than term life insurance. The document also notes that both term and permanent policies have advantages, so the best choice depends on an individual's unique needs and situation.
- Bonds have features like par value, coupon rate, maturity date, and call provisions.
- Bond valuation considers cash flows and discount rates. Yields include current yield and yield to maturity.
- Interest rate changes affect bond prices. If rates rise, prices fall.
- Default risk and liquidity affect required rates of return and bond spreads over Treasuries.
- Longer-term bonds have greater interest rate risk but lower reinvestment risk.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
This document provides an overview of bond valuation and the structure of interest rates. It defines key bond concepts like yield to maturity, effective annual yield, and bond price calculation. It also discusses how bond prices are affected by interest rate changes and risk characteristics like default risk, call provisions, and term to maturity. The shape of the yield curve is determined by the real interest rate, expected inflation, and interest rate risk premium.
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 how life insurance can help achieve retirement goals by providing tax advantages. It notes that life insurance builds cash value on a tax-deferred basis that can supplement retirement through tax-favored loans and withdrawals. The document provides an example of a couple using policy withdrawals in retirement to lower their taxes while funding special expenses. It highlights the benefits of leveraging a life insurance policy for retirement through its death benefit, tax-deferred growth, and potential access to cash values.
The 30-year bond has more interest rate risk.
37
Interest Rate Risk
- Longer-term bonds have greater interest rate risk than
shorter-term bonds because their prices are more
sensitive to changes in interest rates.
- When interest rates rise, the price of an existing bond
falls more for longer-term bonds than for shorter-term
bonds.
- When interest rates fall, the price of an existing bond
rises more for longer-term bonds than for shorter-term
bonds.
- Therefore, longer-term bonds have greater price volatility
and interest rate risk.
38
Default Risk
- Default risk is the risk that the issuer will not repay the
This document provides an overview of bond valuation. It defines a bond as a long-term debt instrument that pays periodic interest to the bondholder. It describes the par or face value of a bond as well as the coupon rate. It discusses the types of risks associated with bonds, such as interest rate risk and default risk. It also covers methods for measuring bond yields, including current yield and yield to maturity. The document uses examples to demonstrate how to calculate bond prices and bond yields.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervousness, increased heart rate, sweating, and difficulty sleeping. The document recommends techniques like physical training, cognitive restructuring, and correct breathing to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism from past trauma related to public writing or speaking. Signs of public phobia include nervous movements, sleep problems, sweaty hands, accelerated heart rate, nausea, and headaches. The document recommends physical training, skills for organizing information, and cognitive restructuring to help manage public phobia.
Este poema escrito por un hijo para su padre en el Día del Padre expresa su aprecio y agradecimiento por todo lo que ha hecho por él. Recuerda momentos compartidos como ver fútbol juntos, paseos a la playa y lanchas, viajes y festejos de cumpleaños. Aunque a veces se pelean por cosas como no prestarle la computadora o la televisión, el hijo sabe que su padre lo ama incondicionalmente. Le desea una feliz día del padre y que Dios lo bendiga.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervousness, increased heart rate, sweating, and difficulty sleeping. The document recommends techniques like physical training, cognitive restructuring, and correct breathing to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism from past trauma related to public writing or speaking. Signs of public phobia include nervous movements, sleep problems, sweaty hands, accelerated heart rate, nausea, and headaches. The document recommends physical training, skills for organizing information, and cognitive restructuring to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism from past trauma related to public writing or speaking. Signs of public phobia include nervous movements, sleep problems, sweaty hands, accelerated heart rate, nausea, and headaches. The document recommends physical training, skills for organizing information, and cognitive restructuring to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervousness, increased heart rate, sweating, and difficulty sleeping. The document recommends techniques like physical training, cognitive restructuring, and correct breathing to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervousness, increased heart rate, sweating, and difficulty sleeping. The document recommends techniques like physical training, cognitive restructuring, and skills development to help manage public phobia.
This document discusses public phobia, an intense but unrealistic fear of writing or speaking in public. It can interfere with socializing, work, and everyday life. Public phobia is created by the unconscious mind as a protective mechanism in response to past trauma related to public writing or speaking. Signs of public phobia include nervous movements, sleep problems, sweaty hands, accelerated heart rate, nausea, and headaches. The document recommends physical training, skills for organizing information, and cognitive restructuring to help manage public phobia.
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until costs are recovered.
5
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until gains are distributed.
5
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.
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.
This document discusses 18 risks retirees face grouped into 6 categories and provides solutions for addressing each risk. The main risks discussed are longevity risk, inflation risk, and investment risk. For longevity risk, the document recommends planning for a long retirement by increasing sources of lifetime income like delayed Social Security, annuities, and careful portfolio withdrawals. For inflation risk, it suggests ensuring income streams have built-in inflation adjustments or regularly increasing over time. Investment risk can be mitigated through diversification and contingency funds. Building a comprehensive retirement plan requires balancing multiple solutions tailored to each individual's needs and circumstances.
Whole life insurance is experiencing renewed interest as a long-term investment during difficult economic times. It provides a guaranteed death benefit as well as a tax-deferred cash value that policyholders can borrow from on favorable terms. This "living benefit" acts as an emergency fund when other financial resources are problematic. While whole life features lower returns than variable investments, it offers stable and guaranteed growth of cash value. Some see it as a safe harbor during economic storms due to its reliable funds and borrowable cash value. However, whole life is not for all due to its higher costs compared to term life insurance.
Financial Freedom -- Life Insurance As An Asset Classguardiancds21
Whole life insurance is experiencing renewed interest as an investment during difficult economic times. It provides a death benefit as well as a guaranteed cash value that policyholders can borrow against tax-free. This "living benefit" offers a source of funds when other investments are performing poorly or access to cash is problematic. While more expensive than term life initially, whole life is seen as a conservative investment that is not tied to stock market performance and guarantees growth of cash value that can supplement retirement or be used in emergencies. It is being used increasingly for estate planning, business purposes like funding buy-sell agreements, and diversifying investment portfolios during periods of market volatility.
What is the difference between Whole Life and Indexed Universal Life for Reti...Michael Grigsby
I get asked a lot about how Whole Life insurance differs from Indexed Universal Life insurance, particularly when it comes to retirement planning. In this presentation, I note the similarities between these forms of permanent insurance, the differences, and why you might use one instead of the other.
This document provides an introduction to life insurance. It discusses what life insurance is, who should buy it, and the different types available. It also covers additional uses of life insurance beyond providing for dependents. The key components of how life insurance works are the death benefit, which is paid out to beneficiaries when the insured dies, and the premiums paid by the policyholder. Permanent life insurance also includes a cash value component. The document provides numerous examples and details on different types of policies and circumstances where life insurance is appropriate.
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.
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.
An endowment policy is basically a life insurance policy which, apart from covering the life of the insured, helps the policyholder to save regularly over a certain time, so that he/she gets a lump sum amount on the policy maturity in case he/she lasts the policy term.
A life insurance endowment policy pays the complete sum assured to the beneficiaries if the insured expires during the policy term or to the policyholder on the maturity of the policy if he/she survives the term. Hence, it fulfills the dual necessity for savings and life cover under a common plan.
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...
Life insurance can be used to protect a family's financial security in the event of death. Term life insurance offers the lowest rates but only provides coverage for a limited time period, while permanent life insurance such as whole or universal life provides lifelong coverage through the accumulation of cash value over time, though at a higher initial cost. The optimal type of policy depends on an individual's needs and priorities with regards to coverage duration, premium flexibility, and cash value growth.
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.
Universal life insurance separates a policy into mortality, expense, and cash value components. This allows flexibility to modify premiums or death benefits in response to changing needs. Premiums deduct monthly charges for mortality and expenses from the cash value balance, which earns interest. Universal life comes in two types - type I pays a fixed death benefit while type II pays the face value plus cash value. Universal life is useful for needs that may change over time like family protection, business planning, or accumulation goals.
A Simple Guide to Understanding Whole Life and Term Life InsuranceRobert Taurosa
Deciding which life insurance policy you should choose can be nerve racking when you are given multiple options. This is a simple guide to understanding the differences between whole life and term life insurance.
Advanced Markets Insight: Common Life Insurance MistakesM Financial Group
Life insurance can be used to accomplish many important planning objectives. However, if improperly managed, policy proceeds may be inadvertently subject to estate, gift, or income tax. An understanding of life insurance products and tax laws, as well as planning mistakes to avoid, will help to maximize the value of the life insurance asset.
Similar to Debunking the Myths about Life Insurance (20)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
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South Dakota State University degree offer diploma Transcriptynfqplhm
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
1. Debunking The Myths
About Whole Life
Insurance:
Taking a Fresh Look
at a Time-Tested Product
®
2. The economic downturn has forced many Americans to rethink the way they plan for their
financial future. In this more fiscally conservative environment, a growing number of consumers
are returning to a financial product whose worth was recognized by their grandparents: whole
life insurance.
Whole life insurance, which provides a broad range of financial benefits, has proved its long-
term value over generations. While other financial instruments faltered recently, whole life
insurance provided small business owners with a much-needed source of funds and retirees with
access to additional income — all the while, continuing to pay death benefits to beneficiaries.
For the last two decades, financial pundits and journalists have discounted the benefits of whole
life insurance in favor of trendy, equity-oriented vehicles that seemed to offer higher returns at
lower costs, but in fact were high risk. Throughout this time, a number of myths about whole
life insurance have been perpetrated, with the result being that many Americans are unaware
of the flipside of the story — the benefits that make whole life insurance one of the most valuable
and flexible financial planning tools available.
3. Myth #1:
You only benefit from whole life
when you die.
Facts: Wrong! Mutual whole life
policyowners enjoy substantial “living”
benefits during their lifetime of
coverage:
Myth #2:
• utual insurance company policyowners generally receive
M Whole life is a lousy place
annual dividends after the first policy year. For example,
Guardian declared a dividend of $712 million at the end to put your money.
of 2009 and has paid dividends on whole life policies
every year since 1868. 1 Facts: Um, No...
• 25-year Guardian policy begun in 1986 and tracked
A
through 2010 provided a 5.19% historic cash-on-cash • he value of a whole life insurance policy is uncorrelated to
T
return, along with strong guarantees and low volatility. the stock market and is guaranteed by the insurer, so that
Keep in mind that past performance does not indicate death benefits and cash values are not affected by declining
future results. markets. Therefore, a whole life policy can serve as the
stable component of an overall financial plan.
• ividends can be used to fund policy premiums or to
D
buy more permanent increments of death benefit and • he accumulated value in whole life insurance grows tax-
T
cash value. deferred. Accumulated values on a policy may be withdrawn,
• ccess to the policy’s cash value is typically available
A up to the cost basis, tax-free. Any withdrawal in excess of
through withdrawals or tax-free loans. 2, 3 cost basis is taxed (this assumes the policy is not a Modified
Endowment Contract which has different tax implications). 2, 3
• he cash value of the policy can be pledged as collateral
T
for a tax-free loan.
• mall business owners may borrow against their policies to
S
provide working capital.
• ealthy individuals use whole life in their estate planning
W
by setting up an insurance trust to pay estate taxes from
proceeds of the policy. 3
1
Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors.
2
Policy benefits are reduced by outstanding policy loans or policy loan interest.
3
Guardian, its subsidiaries, agents or employees do not give tax or legal advice.
4. Myth #4:
Whole life is too expensive.
Facts: In considering whether to pur-
chase whole life or to “buy term and
invest the rest,” you must take into ac-
count not just the premium cost, but also
Myth #3: the length of time you want coverage and
Once you retire, you should your ability to “invest the rest” profitably.
cash your life insurance policy in.
• or longer periods—an entire lifetime—whole life insurance
F
Facts: We hope not! is substantially less costly than a lifetime payout for term. If
the need for life insurance is for less than 30 years, a term
insurance policy is cheaper.
• hrough the loans and withdrawals available to whole life
T • erm insurance isn’t designed for lifetime coverage. In fact,
T
policyowners, an individual can supplement retirement term insurance is prohibitively expensive to maintain for the
income with tax-free funds. 2, 3, 4 average U.S. life expectancy of 78.9 years—never mind to
• aving whole life as part of a financial plan provides an
H age 100. Term costs average a staggering 70% of the death
additional level of security, financial freedom and a legacy benefit to life expectancy, or $700,000 per $1 million of
for loved ones. death benefit, and more than 400% of the death benefit, or
$4,000,000, to age 100 for a $1 million policy. 5
• any people have estate liquidity problems that can only
M
be met through the availability of immediate cash. Heirs can • hile term life is typically affordable during the primary
W
use the proceeds of a whole life policy to pay estate taxes. 3 premium guarantee period (5 to 30 years), annual premiums
quickly escalate to an unaffordable degree once the
• hole life also provides a good source of tax-free funds for
W
guarantee period ends.
big-ticket items that could put a dent in a tight retirement
budget — such as a grandchild’s college tuition or wedding. • ith term insurance, the policyholder does not accumulate
W
any lasting cash value. At the expiration of the term of the
• ome families must establish “special needs” trusts to
S
insurance, the policyholder owns nothing, in contrast to
provide financial care for certain family members, and life
whole life insurance, where premiums build cash value that
insurance is ideal for that purpose.
belongs to the policyowner.
• amilies with real estate, closely held businesses, leveraged
F
• hole life insurance provides a disciplined means of
W
investments or margined stock portfolios — to name just
accumulating cash values that are guaranteed (with respect
a few categories — often use life insurance to offset the
to the base policy) and subject to the declaration of
significant cash liquidity demands on their estates.
dividends for that complementary portion of a long-term
• oday’s healthy Baby Boomer couples have — on
T policy values projection. To achieve returns equivalent to
average — as much as a 30-year life expectancy (for at least those of a Guardian whole life policy in a 25-year policy
one of them) past an age 65 “retirement.” study from 1986–2010, an individual investor would have
to achieve returns in the apocryphal “difference” fund
• etirement is no longer the appropriate time to drop life
R
of at least 10% before-tax each and every year — over a
insurance — today it’s the time when many people realize
long period of time — a feat requiring serious investment
the importance of buying it!
acumen, as well as discipline.
4
Assumes the policy is not a Modified Endowment Contract (MEC).
5
Source: Life Insurance as an Asset Class: A Value-Added Component of an Asset Allocation
5. Myth #6:
Once you buy life insurance you
don’t have to think about it again.
Facts: Sticking the policy in the bottom
of your file cabinet and never thinking
about it again, isn’t the best way to
Myth #5: approach your life insurance purchase.
All life insurance is created equal. Leave the ‘set it and forget it’ tag line
to infomercials — sit down with your
Facts: It just isn’t the case. financial professionals at least on a
bi-annual basis to review your situation.
• he safety and security of your whole life policy depends
T
on the insurer you purchase it from. It makes sense to buy • conomic realities can affect your policies cash values. As
E
whole life from a well-established mutual carrier that has you review your other asset classes to check performance,
decades of experience in the industry and maintains a high you need to review this one.
credit rating.
• ain reassurance of your life insurance portfolio. Life
G
• he four major mutual insurers, including Guardian, are
T changes. Make sure your policy still fits. Whole life is
at the very top of the financial rating spectrum. Their generally designed with the built-in flexibility to make
“COMDEX” — an arithmetic compilation of the four modifications.
major rating agencies’ ratings — is 98 to 100 (With respect –
New family member?
to these ratings, 85 is considered “reasonably safe”, 95 is
–
New career?
“extremely safe.”)
–
New windfall?
• ne of the reasons the mutual companies are so highly
O
rated is that they invest a high percentage of portfolio assets • erforming due diligence is also critical
P
in “safe-haven” government-guaranteed investments and –
Positive
health changes can sometimes lower previous
other high-quality fixed return instruments. In comparison quoted premiums
to stock companies’ quarterly earnings pressure, mutual –
Policy with loans and withdrawals should be monitored
companies can take a long-term investment and –
Policies held in trusts need review, too
management view.
• erforming policy maintenance can help link your advisors
P
• hole life insurance policies can be customized with a
W
together. Strengthen their relationships around you. Cross
variety of “riders” or special features, such as a guaranteed
check ideas between your investment, tax, estate, and
insurability rider or an accelerated benefit rider, that match
insurance advisors.
an individual’s financial goals and protect from different risks.
• f course, if you purchased term insurance, discuss your
O
options soon! When the term period runs out, premiums
can go way up…
6. ®
The Guardian Life Insurance
Company of America
7 Hanover Square
New York, NY 10004-4025
www.GuardianLife.com
Pub 4621 (09/10)
2010–7277