Equity Index Life Insurance:
Index Life Insurance is Permanent Life Insurance.
It is the same as the Permanent Life Insurance you already know EXCEPT that the Interest Credited on the Cash Value is based on a portion of the upside of one or several Stock Market Indexes. Over Time your Cash Value may Grow to larger amounts than other Permanent Life Policies. The Policy is based on the Guaranteed Death Benefit Universal Life Design. These have Premiums that are substaintially "LOWER than Whole Life Insurance" and can be designed to be GUARANTEED PAID UP in as Early as 7 Years. Most choose to design the Guaranteed Paid UP policy between 10 and 20 Years or at age 62 or age 65.
These are the Newest Cutting Edge Life Policies and will be the New Life Insurance Policy that all will BUY today and in the Future. Sales of this Policy have been EXPLODING the last two years.
What are you waiting for?
Term Life Insurance (Temporary Life Insurance):
Term Insurance provides a Low Cost way to get Maximum Life Insurance Protection for a temporary period of time. Term Life Insurance is " Protection Only" or "Pure Protection" where you pay just the cost of protection for a period of time. The actual cost of Life Insurance Increases as you get Older. The older an individual is, the greater the number of people who die at that age (as a percentage of that group). Term insurance Premiums Increase as you get Older. This is why if you are Young (Age 45 or Under) you should Buy 30 Year Guaranteed Level Premium Term to "Lock in Your Young Age Premiums" for as long as possible.
Guaranteed Level Premium Term Life Insurance is the Term Insurance of Choice for 90% of Buyers with a Temporary Life Insurance need. Level Term is available for 10, 15, 20 & 30 Years. These are the only Term Policies where you are guaranteed to know the full cost to you over that time period upfront. Annually Renewable Term is also available. This is a policy where the premiums increase each and every year and coverage ends at age 70. This is the most expensive term policy over the long-term.
The main Reason to Buy Life Insurance (90% of Buyers) (Among many other reasons) is to Replace Your Working Life Income to your family should you Die Prematurely. The Need for Life Insurance for this Purpose is Large and needs to Last Until your youngest Child (Or planned Child completes College at age 22). This is extended if you will be paying off student college loans for those children. This specific need eliminates the 10, 15 and even the 20 Year Level Term Life as a Viable Solution to this need. 30 Year Guaranteed Level Premium Term is the ONLY Temporary Life Insurance you should Purchase in this case.
If your Income is $70,000, you need a MINIMUM of $1,000,000 of Life Insurance just to replace that income to you family. If your income is $135,000 you need a MINIMUM of $2,000,000 of Life Insurance. If Income is $200,000 you need a MINIMUM of $3,000,000 of Life Insurance. Remember, this is just to Replace your income. If you want to Pay off your Home Mortgage, Pre-Pay College Education for each child or Fund any other planning need your family has, you need to add coverage to the above Minimum Amounts.
With Term Life Insurance and Specifically 30 Year Level Term you can Affordably Meet Your Full Responsibility to Your Family for the Necessary and "Real World" Period of Time.
You Owe it to the People you Love to Fully Protect their Future way of Life. Just like you Fully protect the value of your Home and Car. Isn't the Future Well Being of your Family more important to you than your investment in your Home & Car? You know the answer is "YES" so do the Right thing!
You Must Buy Life Insurance and it should be your number 1 priority! Many families suffer and must completely change their way of life due to the Premature Death of the primary and/or secondary income earners.
You should always Buy the Full Amount of Life Insurance you Need and can afford. That for 60% of the People means Term Insurance is the ONLY Type of Life Insurance you can and should Buy.
For the Remaining 40% of Families, you have other Types of Life insurance that you can and should combine with Term Life Insurance to meet your needs. They are the Following:
