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What is an Impaired Risk? When you paint it with a broa... know would be a good candidate for Impaired Risk Life Insurance and want them to be ...

Life Insurance Riders Riders are amendments which can be added to a life insurance contract. Attaching riders to a life insurance policy before it is purchased is one way to tailor a the policy to the customer's needs, similar to electing factory-installed options on a new car. Typically, the attachment of a rider to a policy will raise its cost. Common riders A spousal rider effectively converts a single-life insurance policy into a multiple-life insurance policy, providing coverage for both you and your spouse. A child rider works like the spousal rider but extends coverage to an offspring rather than to a spouse. A disability rider augments the coverage of a life insurance policy so that it provides a benefit if the insured becomes disabled, even though such is a non-lethal event. A return of premium rider (ROP) effectively converts an ordinary term life insurance policy into ROP life insurance. At the conclusion of the term of coverage, if the insured is still alive, the policy owner is remitted the sum of all his premium payments. A waiver of premium rider stipulates that your insurance company will waive your premiums in the event that you become disabled. A guaranteed no-lapse rider is attached to a universal life insurance policy and relieves the policy owner of responsibility to monitor his cash value. This rider comes with a required payment schedule, effectively hybridizing the universal policy with whole life insurance. So long as the policyholder adheres to the payment schedule, the policy will not lapse. A no-lapse guaranteed death benefit rider produces the same result as a guaranteed no-lapse rider, freeing the policy owner from responsibility over his cash value growth, but the two riders differ in the machinery used to accomplish this end. A long-term care rider works much like a disability rider in augmenting coverage to pay a benefit even for a non-lethal event. In this case, the benefit will be paid if the insured comes to require long-term care. This may or may not coincide with debilitation. An accelerated death benefit rider (including chronic or critical illness) provides access to a part of the death benefit, which can then be used as living benefits.

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A Life Settlement is a financial transaction in which the owner of a life insurance policy sells an unneeded policy to a third party for more than its cash value and less than its face value. Until recently, if a policyowner opted out of a policy by surrendering the policy or allowing it to lapse, the additional value was relinquished back to the issuing life insurance company. In some cases, an insured’s health may have declined since the policy was issued and the policy may be worth considerably more than the surrender value Financially prudent people measure the value of their non-liquid assets on a regular basis. Real estate holdings, jewelry, fine art - these all fluctuate in market value as times and conditions change, and prudent individuals have these assets appraised from time to time so that they can plan effectively for their futures. Whether to appraise a particular asset depends in part on whether a market for that asset exists. In the case of life insurance, there has not always been a market for policies. For many years, an insurance policy’s value consisted only of its surrender cash value. However, buyers in the life settlement market can and will pay not only the cash surrender value but also for the value in the option to continue the insurance policy, itself. For any individual whose health has eroded, a policy issued at standard or preferred rates is likely to be worth far more than it's cash surrender value. Over 20% of all insureds, aged 65 or older, fall into this category. An appraisal by a firm, such as Coventry Financial, of such an individual's life insurance policies is in order whenever a decision regarding either an increase or decrease in existing coverage is being considered or simply as part of a routine periodic assessment of the individual's wealth. A life settlement is an alternative to this surrender or lapse of a policy, or when the owner of a life insurance policy no longer needs or wants the policy, the policy is underperforming or can no longer afford to pay the premiums. It gives policy owners the ability to access the value by selling their existing life insurance policies and receiving a cash settlement in excess of the cash surrender value (if any)

Graded Benefit Life Insurance When applying for Graded Benefit life insurance, no physical examination is required. Generally, being able to answer "no" to a few simple questions will qualify someone for Graded Benefit life insurance. Death benefit amounts ranging from $2,000 to $25,000 are available with issue ages being between 50-80 in most states. Graded Benefit life insurance provides a graded benefit. That is, the full death benefit amount of the policy will be paid to the beneficiary after a specified period of time from the issue date of the policy. If death occurs prior to the end of that period of time (usually two or three years ), the beneficiary receives a return of paid premiums plus interest. Once that period of time has passed, the full death benefit amount is paid to the beneficiary upon the death of the insured Graded Benefit life insurance policies all build guaranteed cash values within the plans. Graded Benefit life insurance may be sold per unit. In such case, a single unit corresponds to a certain amount of death benefit. Just how much coverage a single unit provides depends on the age of the applicant at the time the policy goes into force. Each unit may be very cheap, but a lot of units may be required to build up a significant death benefit.

Single Premium Whole Life Single premium whole life insurance can be a wise investment if you have at least $5,000 you don't need, want a generous death benefit, and need an investment that's safe and profitable. It can be used to pay a non-taxable sum to beneficiaries immediately upon your death. It can also insure a child in your name while you retain the ownership and cash value of the policy. A one-time payment yields a fully-paid death benefit that's valid for as long as the policy remains intact. The death benefit is substantially higher than the cost of the policy. At age 60, it can be double the initial investment. At age 50, it can be four times higher. The younger the insured, the higher the benefit amount will be. The policy grows as long as it stays in effect, yielding dividends at a competitive, fixed rate based on current market conditions and the standing of the insurer. The earnings can be withdrawn as cash or applied to what's called "paid up additions." These are additional single premium whole life insurance policies, just like the original, that also pay dividends. Single premium whole life policies come with the option to use up to 90% of the cash surrender value as collateral against a loan. The collateral amount reduces the death benefit and won't earn interest as long as the loan remains unpaid. When the loan is paid off, the death benefit is restored and the policy again pays dividends.

Dean Normal Dean 2 1 2011-09-07T18:30:00Z 2011-09-07T18:30:00Z 1 407 2321 DAI 19 4 2850 9.3821 Final Expense Insurance Often referred to, as burial expense insurance or senior life insurance is an ideal investment for the aging population. If you are getting into the later years of your life and you are worried about providing enough financial protection for your family at the time of your death, this type of life insurance policy may be a tool to use. Although there are many forms of life insurance today, this particular type offers several key benefits you cannot find otherwise. Plus, it can be one of the most affordable insurance policies available to you. Final Expense Insurance Is Affordable The goal in purchasing this form of life insurance is that the people you list as beneficiaries of the policy will use the proceeds from a death benefit to pay for your burial, final medical costs and funeral costs. It is not a policy that has a design to provide your family with thousands and thousands of dollars to live off. This is why it is so important for those that are older. Seniors will benefit from these policies because of the lower face value of them. They are just enough to pay immediate costs. With this reduced face value comes an additional benefit that most seniors will appreciate. That is a lower cost. Most policies require much smaller premiums, which means that you can make affordable monthly payments to obtain and keep this insurance. This is considerably different form larger, traditional life insurance policies where the premiums are expensive. Seniors Protect Loved Ones As you both age, it can be a common thought to wonder what will happen to your spouse if you should die before they do. Will they have the money to bury you and provide for a proper funeral? Will you have the ability to provide this to them? Final Expense Life Insurance can help you to cover those costs. This is an ideal reason to purchase these affordable policies. Here are some important facts about this type of life insurance: 1. This type of insurance is affordable so even those on strict limited budgets may be able to afford it. 2. The policy pays out the death benefit within 24 hours (in most cases) of your death. There is no longer waiting period. 3. There is no requirement of a medical exam to obtain burial expense insurance. You may not be in perfect health and you will still qualify for this type of insurance protection. 4. The policy is available in a variety of face values so you can select the amount of coverage you need. 5. You can (and should) protect your family from financial difficulty by obtaining this type of policy. For the average American senior citizen, having any form of life insurance is important. Final Expense Life Insurance is a unique policy in how it is structured. It may just be an ideal choice for you and your loved ones.

When choosing a life insurance policy for a child, there are a number of important factors that need to be considered. The amount of the premium and the type of coverage being offered are two factors that must be taken into account. Whole Life Insurance When looking for a life insurance policy for a child, whole life insurance offers advantages that other forms of life insurance do not. The primary benefit to a whole life insurance policy for a young child is that the coverage period never ends with a whole life insurance policy. With a child, whole life policies will be there to provide the desired benefit, whether they live to be 40, 70, or 100 years old. These policies build a cash value as the policy matures, giving the policyholder an investment vehicle to borrow against as their needs warrant. Because this cash value builds over the life of the policy, the amount of money invested per payment can stay fairly low, with the increasing cash value of the policy coming from the benefit of long-term investment strategies Whole Life for Children: More Than Just Death Benefits Guaranteed Insurability. It is the right to buy reasonably priced insurance at certain times or events in the future, even if you become uninsurable. The increased coverage is available regardless of health factors, avocation, occupation or geographic circumstances. Even after your child grows up, they won't outgrow properly selected guaranteed insurability. You buy the amount of permanent coverage you need now and attach a special rider known as the Option to Purchase Additional Insurance, or OPAI. Then, at specified ages or life events such as marriage and the birth of children, your child may buy a specified amount of coverage at standard premium rates for their age and gender, no questions asked.