death benefit http://www.artwoo.com Returned search results for death benefit Copyright 2008 Fri, 05 Dec 2008 02:48:15 +0000 http://www.artwoo.com/rss/death+benefit Life Insurance: Beneficiaries to Life Insurance Policies Are Crucial http://www.artwoo.com/article/life-insurance-beneficiaries-to-life-insurance-policies-are-crucial http://www.artwoo.com/article/life-insurance-beneficiaries-to-life-insurance-policies-are-crucial#comments Wed, 15 Oct 2008 13:01:53 +0000 life insurance beneficiariesaunts and uncleslife insurance policieslife insurance policylife assurance policysocial security numberdeath benefit http://www.artwoo.com/article/life-insurance-beneficiaries-to-life-insurance-policies-are-crucial Life insurance beneficiaries are people you name in your policy which will receive a if you should die. If you choose not to name a beneficiary, then a death benefit will be paid out to your estate. This article takes a fast look at the beneficiaries of .

Life insurance is used for the purpose of providing a payment of money after the death of the person who was insured by the policy. The insured person is mentioned in the policy as being the person covered by it. The money payment from the policy in the event of the passing away of the insured is called the death benefit. It is paid out to beneficiaries mentioned in the policy contract.

What is a beneficiary?

This person is nominated in a contract to receive the death benefit. You are able to nominate a single person or more, a trustee, a charity or just your estate.

There are basically two types of beneficiaries. They are a primary and a contingent nomination. The primary person receives a death benefit if she can be contacted after your death. In case the primary person cannot be found, then the contingent person will receive the death benefit. If both are missing the benefit is paid to your estate.

The beneficiaries of your should be clearly identified to prevent possible confusion. You can include a for each relevant person you name. Provide full names of the people you choose.

There are more types of beneficiaries as well. Let us take a look at them.

Final beneficiary -- This person or entity will receive a death benefit if they outlive the other ones. This level is usually reserved for or a charity of your choice.

Multiple beneficiaries -- When choosing multiple individuals to receive the death benefit, it is important to state clearly how much each individual should get.

Many married people choose to name their spouse as a primary beneficiary. Be mindful when choosing to name an executor, creditor, or a minor to receive a life insurance policy death benefit.

It is important to regularly update your policy information with regards to the beneficiaries. This is especially important after events such as a divorce or child birth.

Be mindful of these tips to help you with life insurance beneficiaries.

* Designate both primary and contingency persons.

* Provide their full name and state their relationship to you.

* Clearly define how the death benefit is to be divided between the beneficiaries.

You should be certain to buy enough life insurance for your particular needs. You should also match the duration of the policy to your individual needs. Buy life insurance when you are healthy since this will ensure a lower premium.

The beneficiary receives a face value of the policy if the policyholder dies within the specified duration of a policy. If the insured person survives this period, then the beneficiaries may receive no benefit. This is the old motive for murder you regularly see on murder mysteries on television. In the case of whole life insurance, this is less of a problem since they stay in force for up to 100 years of age.Copyright 2008 - Dan Theron. Free whole term life insurance quotes online. Whole life insurance online quote.]]> Term Life Insurance With An Accelerated Death Benefit http://www.artwoo.com/article/term-life-insurance-with-an-accelerated-death-benefit http://www.artwoo.com/article/term-life-insurance-with-an-accelerated-death-benefit#comments Wed, 19 Sep 2007 05:25:01 +0000 death benefitterm life insurancelife insurance policylife insurance companiestermlifeinsurancelife insurance quotewill also receive http://www.artwoo.com/article/term-life-insurance-with-an-accelerated-death-benefit Death Benefit Rider Advantage

Many insurance companies now offer policies that include an accelerated death benefit rider. The purpose of this rider is to help people who develop a terminal illness. When you are terminally ill there are many hospital bills that accumulate. Most families are unable to sustain the bills, especially if the person who is ill is the family's primary bread winner.

How an Accelerated Death Benefit Rider Works

A "rider" provides extra coverage to a term . If you become terminally ill and have an accelerated death benefit rider, term allow you to take a portion of your death benefit to use before your death. The money can be used toward treatments, medicine and any type of private nursing needs you may require. There is no specific way you must spend the money.

While there is sometimes an amount restriction, usually 50% of the face value or a determined dollar amount, the advantage is that you will have money to get through a very trying time in your family's financial and emotional existence. The biggest advantage is that your beneficiaries the remaining balance of your term life insurance policy face value upon your death. The death benefit gives your family peace of mind knowing that they will not have a mountain of medical bills to pay back and that they will still have some money to get back on their feet financially after your death. For an instant term visit -quote.html" >http://www.equote.com/li/termlifeinsurance-quote.html

The Following Would Activate Your Accelerated Death Benefit:

1. If you are diagnosed with a terminal illness or physical condition which makes your death imminent.

2. Occurrence of one of a number of "dread diseases" or catastrophic illnesses that would result in a drastically limited life span unless extensive or extraordinary medical treatment is provided.

3. The need for an extended period of long term care (or permanent confinement) in a nursing facility, at home, or in the community, due to an inability to perform the "activities of daily living," including: eating, toileting, transferring, bathing, dressing, and continence.

Be sure to check your term life insurance policy and make sure you are covered with the accelerated death benefit rider. Many term life insurance companies offer this rider at no extra charge. If your policy does not have the rider and you are unable to add it, it is probably a good idea to replace your current policy with a new one that includes the accelerated death benefit. For more information on term life insurance check out http://www.equote.com/li/termlifeinsurance.html. Sharon Taylor writes articles for http://www.equote.com eQUOTE Life Insurance. eQUOTE is a leading Internet life insurance company providing families with no-obligation term life insurance quotes and other helpful family insurance resources since 1999. ]]> Whole Life Insurance: Death Benefit Or Cash Value? http://www.artwoo.com/article/whole-life-insurance-death-benefit-or-cash-value http://www.artwoo.com/article/whole-life-insurance-death-benefit-or-cash-value#comments Wed, 25 Oct 2006 06:27:05 +0000 life insurance policywhole life insurancelife insurance policieswhole life insurance policiesauto insurance policydeath benefitbeneficiary http://www.artwoo.com/article/whole-life-insurance-death-benefit-or-cash-value Whole life insurance policies offer this nifty little perk called "cash value." A whole will accumulate a cash value over time, and the cash is tax-deferred, which means you will not have to pay taxes on the cash value your whole life insurance policy accumulates. Many people enjoy the cash value perk that whole offer; however, it must be noted that you cannot both reap the rewards of your cash value and have your receive your s.

This probably sounds a bit confusing, so let's break it down. Whole life insurance policy owners only get the cash value that their policy has accumulated in one of two ways. The first way the policy owner can obtain his cash value is by surrendering his whole life insurance policy early, in which case the cash value would be available to him while he is still alive. Once the policy owner surrenders his whole life insurance policy early, the policy owner no longer has that whole life insurance policy.

The second way a whole life insurance policy owner can obtain his cash value is by borrowing against the cash value. This is definitely a benefit in times of financial stress, but unless the policy holder pays back the amount borrowed, the death benefit is reduced. So, should the policy holder die before he pays back what was borrowed against the cash value, the amount of death benefits the beneficiary will receive won't be as much as it would be if there was no money borrowed against the cash value.

To sum up, a whole life insurance policy holder can not have all of his cash value and still have a death benefit for his beneficiary, nor can a policy holder borrow money against the cash value and still allow his beneficiary to get the full death benefits if the money borrowed is never paid back. http://www.ezquoteguide.com/home/ http://www.ezquoteguide.com/car/ ]]> Term Life Insurance With Accidental Death And Dismemberment Rider http://www.artwoo.com/article/term-life-insurance-with-accidental-death-and-dismemberment-rider http://www.artwoo.com/article/term-life-insurance-with-accidental-death-and-dismemberment-rider#comments Sat, 16 Jun 2007 15:35:00 +0000 accidental death and dismembermentdeath and dismembermentface valueinsuredheart attackmost important thingbeneficiary http://www.artwoo.com/article/term-life-insurance-with-accidental-death-and-dismemberment-rider accidental rider to a term life policy is an ideal way for those who need extra protection to get combined and comprehensive coverage.

Accidental death and dismemberment riders are also known as "A D and D Riders" as well as "Multiple Indemnities." Multiple indemnities mean that an insurance company will pay a multiple of the policy's . This is the amount that the policy would pay to the in the event of the death of the person.

One common example of indemnities is double indemnities. This pays an equal amount to the face value of the policy so if the insured person dies in an accident, the beneficiary receives the policy face value and the A D and D Rider face value, which is twice as much as the original amount.

Additional Occurrences Covered by an A D and D Rider

Depending on the rider coverage you choose to add to your term life insurance policy, A D and D Riders may also cover loss of sight or the loss of one or more limbs. Of course, you would have to double check the provisions of your policy as each carrier stipulates specific designated time frames when payment can be received from the date that your accident occurred. For example, imagine an insured person was in a work accident where a crate fell on the insured person's legs, damaging the limbs enough so that their legs needed to be amputated a few weeks after the accident occurred. Usually the coverage period would depend on the state in which that the policy is drawn, however, a 90 day waiting period after the limbs are amputated is common for this type of rider.

The to keep in mind is that A D and D Riders do NOT cover death by any form of illegal or crime related activities. This type of rider also does not cover death by suicide or death by a malfunction of the body. An example of "malfunction of the body" would be someone that suffered a stroke or while driving. If the heart attack or stroke occurred before the accident and the accident was the result of that bodily malfunction, death as a result of the accident would not be covered. Accidental death means that an unforeseen circumstance caused death that is unrelated to the body. The death had to have been unexpected. This is where the term life insurance policy becomes important. While the insured would not benefit from the rider, they would most certainly benefit from the term life insurance policy.

Aside from accidental death, A D and D riders also cover dismemberment. In the case of the accidental loss of one arm or one leg only one half of the death benefit would be paid to the insured. In the event that the insured person suffered the loss of two or more limbs (combination of arms and legs), then that would result in the entire face value (death benefit) being paid to the insured. In this event, the A D and D Rider would be terminated or waived because the entire face value of the death benefit/term life insurance policy would have already been paid out. Most A D and D Riders also include the sudden loss of vision. The same principles apply. If one eye is lost only one half of the benefit is paid out. If both eyes are lost then the insured will receive the whole face value of the death benefit.

A D and D Riders are important to consider adding to term life insurance policies especially if you use your body to earn your livelihood. Make sure to get a term life insurance with rider quote from a few different carriers to ensure the best rate. Sharon Taylor writes informative articles for http://www.equote.com eQUOTE Life Insurance, a premier Internet resource for term life insurance, no-obligation quotes, and other helpful resource information. ]]> Choose the Best Life Insurance For You and Your Family http://www.artwoo.com/article/choose-the-best-life-insurance-for-you-and-your-family http://www.artwoo.com/article/choose-the-best-life-insurance-for-you-and-your-family#comments Tue, 21 Oct 2008 16:50:22 +0000 life insurance policybuying life insurancepersonal stakecash valuesdeath benefitpersonal bankhome mortgage http://www.artwoo.com/article/choose-the-best-life-insurance-for-you-and-your-family death benefit of a that covers you. You do buy life insurance to protect people you care about.

Most of the time, we think about to make sure our family is provided for. We think about our spouses, our children, our siblings, and our parents. Or sometimes we buy life insurance in order to protect a business we have a in. We know that our contribution to our company is valuable, and that without us, some value would be lost. But in any case, we are purchasing coverage to provide a death benefit and that is all.

But sometimes we do buy life insurance as an asset to be used while we are still alive. Sometimes we see the tax advantages of that can be built in permanent policies like whole or universal life. We see that we can use this cash value as an asset, cash it in, or borrow against it later like having our own .

The point of this is to make you see that you need to examine the reason you want to purchase coverage anyway! If you know what you need and expect, and then understand which product can help you, you can make a good decision. Remember, your coverage contract is usually a long term contract, so you want to make a decision for reasons that will hold up over time.

So, if you just want to protect your family, and make sure they are provided for during your working years, then you will probably want to consider a lower cost term policy. You can consider the amount of your , other outstanding debts and obligations, and long term plans for education. Then think about the time frame you will need to buy coverage for. You should have a good idea of how long you want to make your term, and how much money your death benefit should be.

However, if you want to transfer money to your beneficiaries when you pass away, even if you are older (and we all hope we are older), consider a whole life policy. The policy will cover you as long as it is kept in force. Keeping it in force usually means that the premiums are paid, or the policy is paid off. A permanent policy can also build a cash value that can be used while you are still alive. With these additional benefits, understand you will be paying a higher premium.

For many of us, a combination of a larger death benefit on a term policy, and a lower death benefit on a while life policy, may be ideal. We have the large amounts of coverage we need now, and we also have planned for the future.Understand the Types of Life Insurance so you can make a good decision for yourself, and for your family or business!]]> General Information About Whole Life Insurance http://www.artwoo.com/article/general-information-about-whole-life-insurance http://www.artwoo.com/article/general-information-about-whole-life-insurance#comments Sun, 19 Oct 2008 18:01:16 +0000 cash surrender valuewhole life insurancelife insurance policylife insurance coverageterm life insuranceinsurance descriptiondeath benefit http://www.artwoo.com/article/general-information-about-whole-life-insurance life insurance coverage that will pay out a certain amount in the event of your death to help cover their needs. Here is some general information about .

A Whole Life :

This is a that can cover you for your entire life and not just for a specific period such as . Your and premium will generally remain the same.

A whole life policy also builds cash value. This is a return on the portion of your premiums that the insurance company invests. Your cash value is tax-deferred until you withdraw it. You may also borrow against it.

Who Needs Whole Life Insurance?

If you are in need of life insurance the tax benefits and cash value of a whole life policy can be a bonus. A whole life policy will earn you tax-deferred interest near the market rate and will pay your beneficiaries a death benefit.

You may also consider purchasing a whole life policy if you require more tax-deferred savings than you have available. You can also get the life coverage you need if you can afford to pay the high premiums.

The Cash Value On Whole Life Insurance.

The cash value is what you could get if you cashed in your policy. If you decide to surrender your policy, your can be paid in paid-up insurance or cash.

The earnings on the cash value of a whole life insurance policy can be borrowed against in the form of a policy loan. The death benefit is reduced by the amount of the loan if the loan is not repaid.

Cashing Out A Whole Life Insurance Policy.

Cashing out a whole life insurance policy may be difficult owing to the surrender charge. The surrender charge is a charge which insurers remove out of the cash savings amount you have developed. This charge can be as high as 10% of the payoff value of the life insurance policy. It may stay in force for up to 20 years after you purchased the policy.

Borrowing Against Whole Life Insurance.

You may borrow against the guaranteed cash value of a whole life insurance policy in the form of a policy loan as long as the policy is valid. Just remember that borrowed amounts diminish the death benefit and cash surrender value of your policy.

The Best Whole Life Insurance Benefit.

There may be many different opinions regarding the best whole life insurance benefit. This can also be influenced by personal needs and circumstances.

Here follows 3 possible whole life insurance benefits:

Premiums are normally level and payable for life.

A quantity of the money you pay into your whole life policy collect as a guaranteed cash value.

A part of your life insurance premium may be returned to you as a dividend if real life insurance costs turn out to be less than was believed in setting the premiums.

That was some general information about whole life insurance.Copyright 2007 - Gert Hough. All Rights Reserved Worldwide. Reprint Rights: You may reprint this article as long as you leave all of the links active. Whole life insurance cost Whole life insurance definition]]> What is the Best Life Insurance Policy For You? http://www.artwoo.com/article/what-is-the-best-life-insurance-policy-for-you http://www.artwoo.com/article/what-is-the-best-life-insurance-policy-for-you#comments Wed, 29 Oct 2008 11:22:33 +0000 life insurance coverageuniversal life insuranceterm life insurance policywhole life assurancelife insurance policyterm life insurancedecreasing term life insurance http://www.artwoo.com/article/what-is-the-best-life-insurance-policy-for-you life insurance policy? Which type of policy will be the best for you? This may hinge upon what you are able to pay, how much coverage you need in addition to the length of insurance coverage. Spend some time browsing around for the best deal.

In order to receive , you make payments called premiums to an insurance company. This company promises to pay your beneficiaries a death benefit when you pass away.

You have two options regarding the duration of insurance coverage. You can buy life insurance that protects you for a limited time period or that covers you until you die.

The cheapest coverage type is usually term insurance. You are able to buy assurance for a duration of say one year, five years or ten years. If you die during a specified term your appointed beneficiaries will collect a death benefit. If you survive a specified term the policy ceases and no payout is made.

A decreasing policy is set up so that its face value decreases annually. In this way you receive the most coverage at the beginning of the policy and very little coverage at the end of its term.

Term insurance is typically less expensive because the premiums are lower than those of . Term life insurance works best when its duration is confined to a maximum of about ten years. Also, term policies do not gather a cash value that you can borrow against in the form of a policy loan.

Cash value policies combine a death benefit with tax-deferred savings. A portion of the premiums you pay piles up as a cash reserve. If you surrender the policy, you can get the cash reserve back. If you should die, the beneficiaries get the death benefit. Cash value insurance may be divided into whole life and .

Whole life is the most traditional type. The policy premiums stay the same for the length of the policy. The policy covers you until you die. It also hoards up a cash reserve. However, you have no power over how the money is invested.

Universal life is a more flexible policy type. You are able to change the amount of the premium by applying a part of the collected savings to help cover the costs. You are also able to increase the amount of the death benefit while the policy is active. However, this flexibility will cost you more money to implement.

There is normally a guaranteed rate of return on the savings portion for the first year of coverage. There is also a minimum in place for the duration of the policy.

You cannot borrow money against a term policy, since it does not gather a cash reserve. If you have a cash value policy, you may be able to borrow against the cash reserve. Loan rates on cash value policies are usually lower than the current market values. However, if you do not pay back the loan then the owed amount is subtracted from the death benefit disbursed at your death. Your beneficiaries will therefore receive less.

Life insurance may be available to you as part of your employee benefits. If not, then you may contact an insurance broker or financial planner to help you with finding the best life insurance policy for your needs. You may need to compare a few policies before selecting the right one for you.Copyright 2008 - Dan Theron. Free whole term life insurance quotes online. Life insurance coverage lawyer.]]> Advantages Of Whole Life Insurance http://www.artwoo.com/article/advantages-of-whole-life-insurance http://www.artwoo.com/article/advantages-of-whole-life-insurance#comments Sat, 10 Jun 2006 03:32:08 +0000 life insurance policylife insurance policiesfederal income taxesterm life insurancesdeath benefitdividendspremiums http://www.artwoo.com/article/advantages-of-whole-life-insurance life insurance policy covers one's entire life. This is much in demand because of its ability to provide financial protection and accrue cash value and pay to the insured. In other terms, you can say it as an investment, that you make to secure your future build up finance that helps you in your indigence.

Taking a whole life insurance policy leads to a number of benefits and advantages. Few of them are listed below.

1. The first advantage is The . The whole life insurance policy guarantees you the death benefit that never decreases. Moreover no are charged upon death. And if you desire, death benefit can be taken as a monthly income instead of a lump sum.

2. Consistency of premium level. Unlike term life insurance's , which increase at the time of renewal, the premium you pay in whole life insurance remains consistent. There's no increase. However, use of dividends can minimize the premiums that you pay and contracted for.

3. "Cash value" is another beneficial feature of whole life insurance. Unlike other , whole life insurance policy accumulates the useable cash reserves. This increase as one pays premiums and also accumulates tax deferred. And if you decide to surrender the policy, you receive your cash values.

4. Participation in whole life insurance policy earns you the dividends. You are eligible to earn dividends if you own a participating whole life insurance policy. You receive this dividends in cash, which you can further use to either purchase a paid up additions, to minimize premiums or you can keep it within the policy to generate interest.

These advantages of whole life insurance policy are really worthwhile. If you are not confident you should consult an expert before taking up any policy. We offer the best life insurance information online source. Check it out on http://www.leandernet.com/Life_insurance/Life_insurance.php">http://www.leandernet.com/Life_insurance/Life_insurance.php . All about life insurance on LeanderNet - http://www.leandernet.com ]]> How To Tell Your Children About Death http://www.artwoo.com/article/how-to-tell-your-children-about-death http://www.artwoo.com/article/how-to-tell-your-children-about-death#comments Mon, 21 Aug 2006 00:27:17 +0000 onerousparentshttpanyhowappreciatechild deathexperience death http://www.artwoo.com/article/how-to-tell-your-children-about-death parents. Unfortuantely, there comes a time when a child will for the first time and it becomes the responsibility of parents to educate their young children on the subject of death and dying. Death is a difficult subject to work with at any age, but there are several things you can do to make the explanation process easier for those involved. Death does not necessarily have to be a dark and conversation with your children - in fact, it pretty much should not be that way .

1. Children Understand Things Differently Than Adults

The media have most likely already given your children some sense of death but they likely don't fully understand or the subject and haven't discussed it with you until now.

2. Discussing Death With Your Children

Explaining an idea such as death is different from explaining something physical that your children are able to see, taste or touch. Try and explain things from the simplest level you can. If you wish, you can use this as an opportune time to go over the other big talk you will need to have with your children - birth.

3. Helping Children Coping With Loss

- Different children take loss differently - If your child loses a pet, be sure to hold a goodbye funeral for the pet - Keep discussion open for more than one day - The heaviest toll is when a child loses one or both of their parents

4. Inform Children At An Early Age

Children should be given ample time to mull over the concepts of life and death in their minds. Do not wait until their pet dies in order to explain the subjects of death and dying to your children. Many parents agree that children respond best to an open discussion rather than, say, an informational video. For more great related articles and resources check out http://morguehq.info ]]> Whole Life Insurance Benefits http://www.artwoo.com/article/whole-life-insurance-benefits http://www.artwoo.com/article/whole-life-insurance-benefits#comments Wed, 10 Jan 2007 04:27:03 +0000 whole life insurancelife insurance policylife insurance policiespermanent life insurancewhole life insurance policiesnecessarilypremiums http://www.artwoo.com/article/whole-life-insurance-benefits Whole life insurance policies are the most expensive policies on the market due to the increasing cash value over time. This isn't a bad thing as whole life insurance is that covers you for as long as you live. This differs from term life which has a cheaper monthly premium but only lasts for a set period of time. But whole life insurance is up to 5x more expensive, so you need a good reason to buy it.

How Should You Choose Your Whole ?

When people shop for life insurance, they usually take the cheapest monthly , which may or may not cover their needs. The main consideration for buying a whole life insurance policy is that it will last your lifetime if you continue to pay the premiums.

With whole life insurance, your death benefits will never decrease and the premiums will never increase. This would differ from term life insurance, where your premiums will increase when the term of the policy expires.

What Do Whole Life Death Benefits Do For Me?

When you are trying to decide how much of a death benefit you need, examine what your financial situation would be if you died. How much money do you owe on your mortgage? How much do you owe for your car, credit cards and the children's education? Also how long would it take your family to replace the loss of your income? And do they have the means to do it? With whole life insurance, the death benefit would pay off your debts and possibly provide income for your beneficiaries. One of the main benefits however is that you can borrow against the whole life policy.

When Is The Best Time To Buy A Whole Life Insurance Policy?

Like any type of insurance the best time to purchase a policy is now. The younger you are when you buy your whole life insurance policy, the cheaper the premium will be. There are many benefits to taking out a policy, but we recommend talking to an independent broker to discuss the options available in whole life insurance. Ivon T. Hughes, The Hughes Trustco Group Ltd. Online Insurance Broker -- Get a FREE Quote TODAY, , it could save you THOUSANDS! Tel: (514) 842-9001 Email: info@trustco.ca Web: http://www.hughestrustco.com ]]> How To Save Money And Get Discount Life Insurance In Oregon http://www.artwoo.com/article/how-to-save-money-and-get-discount-life-insurance-in-oregon http://www.artwoo.com/article/how-to-save-money-and-get-discount-life-insurance-in-oregon#comments Tue, 12 Feb 2008 12:25:00 +0000 term life insurance policylife insurance policywhole life insuranceterm life insurancediscount life insurancenecessary evilsprinciple types http://www.artwoo.com/article/how-to-save-money-and-get-discount-life-insurance-in-oregon necessary evils.

Do you need life insurance? To find out, ask yourself the following questions:

Would a death benefit help a loved one pay off a mortgage loan or other debt? If you died would your loved ones need your death benefit to continue their present standard of living? Will your children be able to continue their education without your death benefit? Is there a family member with special needs who would be adversely affected without your death benefit? Will your loved ones need your death benefit to pay funeral and possibly medical bills?

If your answer to any of those questions is YES then you are a prime candidate for life insurance.

Here in Oregon, as elsewhere, there are two of life insurance: whole life and term life.

is a policy that you buy once and keep for your whole life. The premium on a whole life policy never changes no matter how long you live.

A , on the other hand, is good for only a predetermined number of years. Once the term of the policy runs out, you'll need to buy a new policy at a higher premium, based on your age at the time of renewal.

So which type of policy is best? That will depend on a number of factors. For a person with limited financial resources a policy may appear more appealing since a term policy will have a less expensive premium than a whole life policy =96 at least at first.

However, when the term life policy reaches the end of its term, a new policy will need to be purchased at a higher rate =96 possibly much higher than the flat rate you would still be paying had you purchased a whole life policy to begin with.

So how can an Oregon family afford life insurance? Fortunately there are several things you can do to save money and get in Oregon.

First, don't smoke. Smokers pay considerably more for life insurance than nonsmokers. Also there can be no history of drug or alcohol abuse and you cannot routinely participate in any hazardous activities, such as extreme sports.

Second, take out insurance as soon as you can =96 the younger you are when you take out your first policy the lower your premiums will be =96 and if you purchase a whole life policy at a young age your low premium will never change.

Even your driving record can affect the rate you pay for life insurance. Some life insurance companies penalize you if you have had even one moving violation in the past 3 years. Others forgive one or even two violations.

This is where it pays to shop around. Get online and find a site that allows you to fill out a simple form and then compare the rates from a variety of companies. In this way you can be assured of not only saving money, but of finding the best discount life insurance in Oregon that is just perfect for both your family's needs as well as your budget. Recommended sites for low rate insurance http://www.ezquoteguide.com Very Cheap Life Insurance Quotes http://www.myquoteguide.com/Term-Pros.shtml Instant Term Life Quotes ]]> What is Life Assurance http://www.artwoo.com/article/what-is-life-assurance http://www.artwoo.com/article/what-is-life-assurance#comments Thu, 11 Sep 2008 03:08:36 +0000 life assurance companylump sum benefitsudden declinetime deathpuristsuntimely deathdependents http://www.artwoo.com/article/what-is-life-assurance dependents would be horrified by the thought of their leaving their family with hefty bills to pay, an outstanding mortgage to struggle to meet, or a in their standard of living. Life assurance -- which guarantees an agreed in the event of the policy holder's death -- is designed to take the sting out of just such worries.

You will probably have noticed this type of insurance variously described as life insurance or life assurance and you might have wondered why. The reason for the distinction -- which these days is often blurred -- arises from the fact that insurance is about the risk of something happening. Death, on the other hand, is the one certainty that all of us can count on as happening at some time. The description life assurance, therefore, was coined for the contract under which a agreed to pay out an assured sum upon the policy holder's death.

To add a little more confusion to the picture, most life assurance sold today takes the form of term life assurance. With term life assurance, cover is extended for a predetermined number of years and if the policy holder dies within that period, the assured lump sum is indeed paid. If the policy holder survives the agreed term, however, then no benefit at all is paid. It could be argued that this arrangement is indeed life insurance, since the risk is being taken whether or not the policy holder will die within the term of the insurance. might argue, therefore, that the label "life assurance" should be reserved for something called whole-of-life assurance which pays a lump sum to the policy holder's beneficiaries at whatever occurs.

Suffice it to say that the terms life assurance and life insurance are, in common usage, practically interchangeable. As noted, whole-of-life assurance will almost always pay out, so its premiums tend to be somewhat higher than standard term life assurance. Whole-of-life assurance is also generally packaged with an investment plan, designed to enhance the final payout, and this too increases the price of the premiums.

Standard term life assurance, however, remains remarkably cheap. Indeed, it is one of the few products in any market which has actually come down in price over the past decade. The level of benefits payable under a term life assurance policy are directly proportional to the level of premiums paid, so it is very much a question of choice as to how much protection is bought. It also comes in a number of different types, to suit a variety of personal circumstances.

The most popular variation is level term life assurance. It is called level term because the assured lump sum benefit remains the same throughout the insured term. Decreasing term life assurance, on the other hand and just as its name suggests, offers a decreasing death benefit during the course of the term. With a steadily decreasing sum at risk, the life assurance company can charge an even lower premium, making this the ideal choice for someone who wishes to ensure that a standard repayment mortgage (on which the balance is also steadily decreasing) is fully paid off in the event of their death. For those who want to build in some degree of increasing benefit, there is either increasing term life assurance (with the lump sum benefit increasing by predetermined annual increments) or index-linked term life assurance (where the benefit payable increases in line with inflation).David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to providing their clients with the best deal on their life insurance, critical illness cover and home and motor insurance.]]> Collecting on a Life Insurance Policy http://www.artwoo.com/article/collecting-on-a-life-insurance-policy http://www.artwoo.com/article/collecting-on-a-life-insurance-policy#comments Fri, 22 Aug 2008 14:15:41 +0000 life insurance policieslife insurance policyselling life insuranceown life insuranceincurable illnessesperfect strangerdeath benefit http://www.artwoo.com/article/collecting-on-a-life-insurance-policy
Some authorize you to "speed up" the . This stipulation makes it achievable to collect on your previous to you dying. Some companies call this the "living benefit" condition.

This provision may be built into the policy or presented as a rider.

It is proposed to let you use death benefits to compensate hospital or medical bills associated with fatal illness.

Normally, it necessitates you having a terminal illness, backed by a doctor's forecast that you will die within a set interlude of time (the amount of time will be specifically stated in the policy).

The policy may bound the dollar amount you can withdraw.

Be cautious! If you speed up and use the death benefit, there will be a smaller amount left in the policy for your relatives or other beneficiaries when you die.

What Are Viatical Settlements?

A viatical settlement is an contract to sell the possession of your to a different, unrelated person, who becomes both the proprietor and beneficiary of the policy.

Keep in mind, it is against the law for an outsider to take out an insurance policy on your life. The stranger has no insurable concern and could have an detrimental need to see you die earlier than nature intends!

Nevertheless, a life insurance policy is just like anything else. If you possess it, you can sell it, even to a who has no plausible insurable interest. That individual becomes the policy proprietor and can then name themselves as the beneficiary.

What Are Viatical Buyers And Sellers?

Buying and policies is the area of expertise of businesses that identify themselves as viatical settlement firms. The viatical firm purchases insurance policies from people with and sells them to financiers.

If I Do Not Sell My Policy, What Ensues After I Die?

When an insured individual dies, the beneficiary must file a claim to gather the death benefit. The company has sixty days to disburse the claim or inform the beneficiary of any setback with it.

The beneficiary should request a claim form from the life insurance agent or company. They will need:

- The name of the insured
- A policy number
- A certified copy of the death certificate.

Out of the ordinary circumstances may occur if the beneficiary is a minor.

How Will The Death Benefit Be Paid?

The beneficiary might have a selection of ways to obtain a death benefit. Settlement choices may comprise of the following:

- A lump sum imbursement (the company sends a check for the complete amount)
- An installment payment with interest
- A checking account (the company creates a money market checking account in the beneficiary's name; the beneficiary is given a check book and can remove funds when needed)
- The company could hold the benefit and reimburse interest

Will The Death Benefits Be Taxed?

You normally are not required to pay income tax on death benefits.

What Happens If There Is A Conflict Between Beneficiaries?

If there are contradictory claims (such as two people claiming to be the beneficiary) the company might turn the cash over to a court. The court will seize the money until it determines who the valid recipient is. This procedure is called an interpleader.

Can The Company Refuse To Pay On My Policy?

Life insurance companies can decline to pay death benefits, under definite restricted conditions, such as if you die within the initial two years of a policy. The company's basis could include the following:

- The insured (now dead) committed deception when applying for the policy
- The insured did not divulge a material fact on the application,
- The insured committed suicide.

Additionally, if a beneficiary deliberately killed the insured individual, the company can repudiate paying a death benefit regardless of how long the policy has been in effect. This is accurate even if a court has not convicted the beneficiary of the killing.Sarah Martin is a freelance marketing writer based out of San Diego, CA. She specializes in life insurance policies, companies, and advice, as well as finance and business. For a free term life insurance quote, please visit http://www.equote.com.]]> Term Life Insurance - Most Times It's All You http://www.artwoo.com/article/term-life-insurance-most-times-its-all-you http://www.artwoo.com/article/term-life-insurance-most-times-its-all-you#comments Wed, 28 Jun 2006 00:32:07 +0000 term life insuranceamanda paysabc companybeneficiarybenefitinsurance companyface value http://www.artwoo.com/article/term-life-insurance-most-times-its-all-you Term life insurance is a temporary life insurance covering specific period of time. In this type of policy the insured or the owner pays a premium for a period. The provides monetary to the in case of death of the insured during that period. It is the cheapest type of life insurance available to the general public. Usually the benefit received on death of the insured is income tax free.

There are four parties in term life insurance. The owner is the one who pays the premium. The Insured is the one on whose death, a death benefit() will go to the beneficiary. The beneficiary is one who will receive the proceeds of insurance on death of the insured. The insurer is the company providing the insurance. Premium is the monthly or periodic payment made by the owner to the insurance company.

For instance, monthly 50 dollars to for insuring the life of Bill (her husband) for a period of 10 years. In case Bill dies during the 10 years, ABC company will pay 6000$ to Jack (son of Bill and Amanda). Here the insured is Bill, the owner of the policy is Amanda, the beneficiary is Jack and the insurer is ABC Company. The premium is 50$ and the face value of the insurance is 6000$. In case Bill does not die during the 10 years, ABC Company will not be liable to pay any money to any of the parties involved. Often the owner and the insured are same. That is a person buys a policy to cover his own death and nominates a beneficiary.

Term life insurance is a legal contract with terms and conditions and assumed risks. Sometimes there are special provisions like suicide terms wherein on suicide of the insured there is no benefit accrued to the beneficiary. Term life insurance is based on two concepts, theory of diminishing responsibility and Buy Term and Invest the Difference (BTID). In Term life insurance the responsibility or liability of the insuring company reduces as the policy reaches its maturity. Term life insurance is the cheapest type of insurance policy available because there is no cash value at the end of the period. Studies have shown that the mortality rate in term life insurance policies is as low as 1%. Hence the concept of BTID. Rather than going for permanent life insurance (where on the expiry of period the owner will accrue some cash benefit and there is a savings component in it) it is considered cheaper to buy term life insurance and take care of the savings components by investing in other areas. With the present market giving good returns on investment, buying a term life insurance is a more attractive option than permanent life insurance. Term life insurance is available for a period of 5, 10, 20 years etc. As the age of the insured increases the premium increases. The premium is calculated based on mortality rate which is usually dependent on age, sex and whether the person uses tobacco. Most companies provide annual renewable term where in the term can renewed annually however the premium increases annually. Tyson J Stevenson writes on a wide variety of "every day" subjects, always with valuable news and reviews. Expect to see his name often. A related resource is http://best-term-life-insurance.info ]]> The Controversial Death Penalty http://www.artwoo.com/article/the-controversial-death-penalty http://www.artwoo.com/article/the-controversial-death-penalty#comments Sun, 23 Apr 2006 08:50:04 +0000 pro death penaltydeath penalty debatedeath peopledefinitelycrimesjustice systemcriminals http://www.artwoo.com/article/the-controversial-death-penalty definitely famous for having thinkers on both sides of the fence with few people riding the gray area in the middle.

Many Americans are for the death penalty. In essence they believe that there are certain so heinous that the deserve nothing but death. People who choose to take the life of another through murder, for example, are criminals for whom the death penalty should be in effect. A drug dealer whose dealing leads to the death of people could also be considered a prime criminal to undergo the death penalty. Americans that are pro-death penalty believe that those who take the life of another should not be able to keep their own lives. There are, of course, exceptions for deaths that occur because of war, self-defense, or the killing of say a person who abuses children. These are justifiable deaths that do not require the death penalty.

On the other side of the are Americans who do not believe that the death penalty should exist for many reasons. In general, these Americans believe that it is inhumane to kill even a killer. They believe that even a killer has rights that need to be protected by the law. A huge caution that many people site about the death penalty is surrounding our . Many Americans wonder how to ensure that the death penalty happens to only those people deserving its punishment and they say that because there is no real way to make the punishement infallible, the punishment should not exist.

Because of the injustices of our nation's justice system, many Americans believe that the death penalty should cease to exist. They raise questions such as where should the line be drawn for what crimes deserve the death penalty and what crimes do not? Who is to say what crimes should be punishable onto death and what crimes should allow the criminal to keep their life? Since there are no clear answers to these questions, many say that the death penalty cannot rightfully exist. Or, for example, what if the justice system is wrong in their judgment of a suspected criminal and condemns an innocent person to suffer the death penalty while the real criminal goes free? We can never be fully sure of the justice of our justice system, they say.

Another injustice of the death penalty system that many Americans note is that often criminals without sufficient means to defend themselves are left to die while other criminals with money and power are able to flee the punishment of the death penalty simply because they have the means to beat the system. How just is the punishment if not all criminals are given equal opportunity to present their case?

There are endless questions that plague people on both sides of the death penalty debate. The only for sure thing about the issue is that it is highly debatable and complicated for our nation to agree upon. Triston Huntsmin is the author of articles on various controversial topics. His goal as a writer is to get people to think about issues from more than one perspective. Learn more about the death penalty at http://www.deathpenaltynews.info ]]> Death Records And The Internet http://www.artwoo.com/article/death-records-and-the-internet http://www.artwoo.com/article/death-records-and-the-internet#comments Tue, 11 Apr 2006 22:00:08 +0000 state health departmentsdeath recordshealth recordsaccesscontactbirth certificatesdeath certificates http://www.artwoo.com/article/death-records-and-the-internet death records and do not know where to start, the internet is probably your best bet. There are tons of websites that will allow you to gain to the information that you are looking for. The best way to find these sites is by typing "death records" into your favorite search engine. This will give you several different options on where to locate what you are looking for.

The first thing that you will notice when getting your results back will be that you can get access to death records through the health departments of most states. This is information that can be had by the public. In order to gain access to this information you will need to supply the site with some information. First off you are probably going to have to register with the site. Many times you can also only gain access if you have a valid reason on why you need to search death records (newspaper, news story, etc.) Next, many of the charge the user a small fee in order to access these records. The fee is not usually more that a few dollars and can be easily paid by credit card.

There are also several independent companies that keep death records on file. These companies gain access to this information the same way that you would through the state health departments. They all of the state health departments and get all of the records in order to have a one stop shop for anyone that may need this information. Some of these companies can include private and public hospitals, various businesses that require the withholding of .

Death records can be found on the internet with relative ease. Just get started with a simple search and you will be well on your way to obtaining all of the information that you could possibly want. About The Author: Tony Brings is the editor of Death Record Finder. Learn how and where to find , , marriage and divorce records. http://www.deathrecordfinder.info ]]> Senior Term Life Insurance http://www.artwoo.com/article/senior-term-life-insurance http://www.artwoo.com/article/senior-term-life-insurance#comments Tue, 08 Aug 2006 14:27:08 +0000 life insurancepremiumsstateacceptance lifebeneficiarybenefitaffordable insurance http://www.artwoo.com/article/senior-term-life-insurance life insurance at an older age is more expensive than purchasing it while very young. In an attempt to provide to meet the life insurance needs of older insureds, some companies are now offering Guaranteed Insurance.

Guaranteed Acceptance Life Insurance policy rates are less expensive than the traditional term insurance policies. As the name implies, you are guaranteed to be accepted for this life insurance. There are no health questionnaires to complete and no physical exams to take. As long as you pay the , the policies cannot be cancelled. Additionally, you may lock your premium rate for the policy amount you want. Your rates will not change for as long as you keep your insurance.

Where's the catch you may be asking. Well, the policies are written for a limited period of time. For example, Colonial Penn's policies are for a two-year limited period. They are available for people between the ages of 50 and 85 (This age range varies depending on insurance company and regulation).

Generally, if death occurs during the first few years, a reduced benefit is paid or the company may return the premiums paid plus interest. For instance, with a Gerber Life policy, if death occurs by natural causes within the first two years (during the limited benefits time), the will receive all of the premiums paid plus 10%. However, if death was a result of an accident, or if death due to natural causes occurs after the two years, your beneficiary will receive the full benefit amount. In the event of suicide (with certain state exclusions), the beneficiary will receive the amount of premiums paid only.

Most life insurance companies offer a Guaranteed Acceptance Life policy for seniors. There may be variations from state to state, but the basic premise is the same. They all offer an affordable insurance option for seniors.

Please see our list of recommended insurance quote providers below to get free insurance quotes from many providers. These sites also offer pages and pages of free insurance information. http://www.myquoteguide.com http://ezquoteguide.com/home/ http://ezquoteguide.com/car/ ]]> Life Insurance Bargain Time http://www.artwoo.com/article/life-insurance-bargain-time http://www.artwoo.com/article/life-insurance-bargain-time#comments Sat, 16 Sep 2006 10:27:09 +0000 repayment mortgagemortgage terminterest only mortgagesbenefitlife insuranceterm insuranceconjunction http://www.artwoo.com/article/life-insurance-bargain-time life insurance can give you and your family peace of mind that, should the unthinkable happen, at least they could cope financially.

The good news is that the cost of life insurance has become much more affordable than it used to be, particularly the most common form, which is "". Term insurance is designed to pay a cash sum if you die within a certain period or term. This is specified at the outset of the insurance and can cover you for whatever period you specify. The policy will have an expiry date and if you survive to that date, the policy ends.

Quite simply, a level term policy is one which pays the on death. The benefit remains constant throughout the term. This type of policy is often purchased to cover mortgage or loan repayments, quite often in with . These are becoming increasingly popular, but as they don't reduce over the years, this type of cover is worth considering as your mortgage is always covered.

Then there are the increasing and decreasing term insurances. With an increasing term (or indexed) policy, the amount paid out will rise in line with the rate of inflation, although this may be reflected in the cost of the premium.

With a decreasing term policy, the amount of benefit which would be payable on death reduces annually, until there is a zero amount left at the end of the term. Often this would be used in conjunction with a , where the capital value is reduced over the . The cost of a decreasing term policy is likely to be less than with a level term one.

There are two ways in which policies pay benefits -- either by one lump sum paid out to your beneficiaries or alternatively as a family income benefit. With the family income benefit your dependants receive a set amount per annum until the end of the original term.

Family income policies are often timed to coincide with the time when the youngest child is expected to become independent. The premiums tend to be lower than with a lump-sum policy due to the fact that should the insured person die towards the end of the term, the insurance company would only have a relatively short number of years in which they would have to pay out the annual sum.

It's worth checking that you're not already covered by your employer for some form of life cover. Some companies provide death in service benefits. These could pay out two to four times your basic salary.

When doing your sums on the amount of cover you'd need, it's usual for an average family to cover both parents for around £150,000 per child, assuming there is some death-in-service benefit. If you're planning on a family income benefit, then it's suggested that you go for £20,000 plus per child per year.

It is recommended that couples should take out individual life insurance. There is little difference in cost, but where a joint policy pays out only once, on the death of the first partner, with an individual policy each partner is covered.

The benefits of life insurance are invaluable to your family. If you're no longer around to care for them they'll be guaranteed financial stability.

Do give this some thought. Find out just how much these various types of cover are going to cost, you'll probably be pleasantly surprised. There's never been a better time for bargains. There are on line insurance brokers who will offer policies to suit all budgets and family needs. They'll do all the searching for you and come up with the right policy for you. Get great articles on life assurance from Life Assurance Agency http://www.life-assurance-agency.co.uk . ]]> How To Explain Death To Children http://www.artwoo.com/article/how-to-explain-death-to-children http://www.artwoo.com/article/how-to-explain-death-to-children#comments Wed, 25 Oct 2006 02:27:04 +0000 planksfamily memberexperience deathunexpected deathdeath and dyingchildren experiencelosing a pet http://www.artwoo.com/article/how-to-explain-death-to-children death and dying. How one goes about doing so in the most sensible way is the topic of this article. Chances are, your child already has some concept of death from watching television or playing video games. Most children do in one form or another during their childhood, be it , a , or something else.

1. Keep It Simple

The media have most likely already given your children some sense of death but they likely don't fully understand or appreciate the subject and haven't discussed it with you until now. The majority of children have never had a family member die, only approximately five percent of that during their childhood.

2. Your Explanation Counts

When explaining an idea as opposed to something physical you should take extra steps to ensuring your children understand. Death is one of many cycles in life, and as such, don't be afraid to widen your discussion to other things like talking about babies and the cycle of life.

3. Top Parenting Tips

- Children sometimes find it difficult to understand that a person or pet is truly gone - No matter how small your childs pet be sure to give a proper funeral - Don't mislead children about death - Encourage children to share their feelings

4. Don't Wait For Tragedy To Strike

One of the most important things you can do for your children is equip them with the knowledge necessary to better deal with an ..

5. Avoid Myths

In Taiwan the number 4 is often associated to death because the sound of the Chinese, Japanese, and Korean words for four and death are similar, For this reason, hospitals and hotels often omit the 4th, 14th, etc. floors, or substitute the letter 'F' for the number '4'. Koreans are buried under a mound standing vertical in coffins made from 6 of wood. 4 planks represent the 4 cardinal points of the compass, with 1 plank for sky and the other for earth. This relates back to the importance that the Confucian society placed upon the four cardinal points having mystical powers. For more great death related articles and resources check out http://hearsehq.info ]]> Life Insurance 101 Explained http://www.artwoo.com/article/life-insurance-101-explained http://www.artwoo.com/article/life-insurance-101-explained#comments Thu, 27 Jul 2006 16:27:17 +0000 term life insurancepermanent life insurancelife insurance policylife insurance termlife insurance policiesinsurance term lifedeath benefit http://www.artwoo.com/article/life-insurance-101-explained
First, understand there are different types of life insurance. The type that is best for you will depend on a variety of factors including your current age and health condition. The two major types of that you need to concern yourself with are and .

Term life insurance provides coverage for a specified period of time. This type of coverage will usually be less expensive than permanent life insurance. Policy periods are usually divided up into easy periods such as one, ten or twenty years. In the event you die within that time period, the will be paid to your beneficiaries. On the other hand, if you should reach the end of the time period and you are still alive your protection will end unless you elect to renew the policy. The option of building up cash value is not available with this type of insurance policy.

Individuals who only need temporary life insurance and those who need a large amount of coverage but who can't afford to spend a lot benefit from this type of policy the most.

Permanent life insurance is designed to provide coverage for the duration of your life, although in some cases, the policy may be limited up until a specific age. When you reach that age, the cash value of the policy will be paid to you. Because you are building a cash value with permanent life insurance you can also withdraw from the policy in order to pay for important expenses such as education or home improvement costs. Another major advantage to permanent life insurance is that it allows you to build up cash value that is tax-deferred. This generally only applies while the policy is in force; however.

There are two divisions of permanent life insurance; whole life and universal life. A whole life policy will pay dividends under certain circumstances and also has the advantage of premiums that do not fluctuate.

With a universal life insurance the premium payments can be changed by the owner of the policy. This type of flexibility can be advantageous when you have a life changing event.

Permanent life insurance works well for individuals who are interested in long term insurance and who like the idea of building up cash value with their policy they can use to meet future needs. It is important to recognize this type of insurance is more expensive than term insurance. It should also be noted that if you take out a loan against your policy, your death benefit will be reduced. Joe Kenny writes for the UK personal finance sites http://www.ukpersonalloanstore.co.uk and also http://www.cardguide.co.uk ]]>