 
11-02-07, 07:52 PM
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Life insurance may be one of the most important financial instruments many of us will ever own, and buying the right kind of life insurance is one of the best ways to protect your family's future. - The purpose of life insurance should be to protect the family against the premature death of the breadwinner or caretaker.
- You're paying for a substitute of income or to replace the caretaker's responsibilities.
- The people that primarily need it are those who have others depending on them for support, not necessarily financial
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11-05-07, 11:41 AM
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Posts: 157
| | | I don't plan on going to heaven now but I did get some life insurance for my family. Ou pa janm konnen.
__________________ "U're never closer to GOD than when u're under a cloud". Priye! Pa dekouraje! |
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11-05-07, 03:06 PM
|  | Editor | | | | | Yep, If you have a family I think it's irresponsible not to have life insurance. Pay for it and forget about it. |
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11-05-07, 08:05 PM
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Posts: 5
| | Hey all, I couldn't agree more...especially us as immigrants we also have people counting on us in Haiti too. If any of you are interested in speaking to someone to know more about life insurance or annuities or long term care, send me a message. It much easier and much cheaper than you think!
Here's my work number: (646)227-8264
And my work email: Mboyer@ft.newyorklife.com
__________________ Daughter of the first black republic |
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01-03-08, 05:12 PM
| | | | Life Insurance
Life Insurance Policy The Purpose Of Life Insurance
Your need for life insurance will vary with your age and responsibilities. The amount of insurance you buy should depend on the standard of living you wish to assure your dependents. You should consider the amount of assets and sources of income available to your dependents when you pass away. Social security benefits, available cash and other sources of income and investments may not provide the standard of living you have in mind.
Life insurance helps bridge the gap between the financial needs of your dependents and the amount available from other sources, is the amount to be provided by life insurance. Your agent or other financial advisor can help you with these calculations. The Internet, as well as many financial magazines, books and articles are available to help you as well.
Definitions of whole life insurance on the Web:
The best of the two types. It's a little bit more money, but worth it. It increases in value and you can draw against it. - A basic type of permanent life insurance that, as long as the premiums are paid, can cover the policyholder over the course of their entire life. ... www.my-life-insured.com/glossary.htm
- Life insurance that provides for regular premiums, regular death benefits, and cash values. The cash values may be borrowed against or withdrawn when the policy is surrendered. www.mcgeenet.com/glossary.aspx
- A traditional Whole Life insurance policy provides both a death benefit and a cash value component. The policy is designed to remain in force for a lifetime. Premiums stay level and the death benefit is guaranteed. Over time, the cash value of the policy grows and helps keep the premium level. ... www.bwfa.com/glossary/w.asp
- a contract with both insurance and investment components: 1) It pays off a stated amount upon the death of the insured. 2) It accumulates a cash value that the policy-holder can borrow against or redeem. ... www.marketprosecure.com/financial-glossary-terms.php
- A contract promising payment whenever death occurs, or at age 100. Whole life contracts involve savings and are often called permanent insurance. www.mortgage22.com/terminology.html
- insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured wordnet.princeton.edu/perl/webwn
- Whole life insurance, or Whole of Life Assurance, refers to a policy that pays a lump sum on death or, in some cases, the earlier diagnosis of a critical illness whenever it occurs provided the contract is kept in force through the required payments being made. en.wikipedia.org/wiki/Whole life insurance
- Life insurance that remains in force during the insured's entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds a savings elements called the cash value as a result of the level premium approach to funding the death benefit. www.kielyhines.com/glossary.html
- Life insurance that provides coverage for the insured’s entire life, provided the policyholder continues to pay the premiums. Premiums generally remain level for the life of the contract. In addition, there is also a cash value component that can be used to help supplement future financial needs. www.acmeadvisor.com/Glossary-MtoZ.htm
- Life insurance that provides coverage for an individual's whole life, rather than a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation. www.kpers.org/glossary.htm
- This term is sometimes used to mean "straight life insurance" and, at other times, used in a broader sense to include this and "limited payment life insurance". www.clhia.ca/e11.htm
Definitions of term life insurance on the Web:- Life insurance protection for a limited period which expires without maturity value if the insured survives the period specified in the policy. www.converium.com/520.asp
- Term life insurance is meant to provide insurance for a specified period of time, for example, during the time when the children are still dependent on you. Term life insurance premiums will increase over time. www.sofn.com/financial_products/showPage.jsp
- Life insurance that provides coverage for a fixed number of years. Unlike permanent life insurance, a term life insurance policy does not usually accrue additional values that the owner can withdraw or that can increase the death benefit. www.statefarm.com/learning/life_stages/retire/glossary.asp
- A life insurance policy purchased for a term of years. If the person dies during this term, the beneficiary receives the face amount of the policy. The policy expires at the end of the stated number of years. www.pcafoundation.com/main/glossary.htm
- generally the least expensive form of life insurance, term life insurance covers an individual for a nominated period of time (term). If the person insured dies while covered, the designated beneficiaries will collect a death benefit. There are no other associated benefits. www.financialpassages.co.nz/WEB/fp.nsf/content/Glossary
- Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life. en.wikipedia.org/wiki/Term life insurance
- Temporary life insurance payable on the death of the life insured, provided that death occurs within a specified period of time. www.clhia.ca/e11.htm
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