February 19, 2010
Universal Life Insurance – Pros & Cons
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Feel Better With A Colon Cleanse Program
If you are feeling tired and run-down, if you have been bloating or suffering from constipation, if you feel generally blah; you may benefit from colon cleansing program. A colon cleanse flushes harmful fecal matter that is clinging to the walls of your lower gastrointestinal tract causing toxins from that waste to leach into your body. These toxins can cause a number of problems that generally slow down a body system. When you eliminate the source of toxins, your energy will increase and you will have normal bowel movements and less gas.Colon cleansing is not for everyone, though. If you are already diagnosed with a colon problem or disease, you should consider any type of colon cleanse carefully. Persons suffering with diverticulitis to Crohn''s disease can benefit from a colon-friendly diet, but should not usually undertake colonic hydrotherapy, unless recommended by your health-care provider. When you start a colon-friendly diet after a colon cleanse, give your stomach and digestive tract the chance to adjust. You may actually experience more gas for the first week or so, but your digestive system will adjust and you will have healthy, normal bowel movements without the excess gas. Colon cleansing will make you feel better, especially if you continue to keep your colon clean with a fibrous, probiotic diet. And if you lapse back into old, bad fiber foods habits and start dragging through your day again, a colon cleanse will jump-start you back to good colon health.
Using A Sleep Aid Product For Insomnia
You already know that forming a good healthy sleep hygiene is vital to your overall well being. When you aren''t sleeping well, your body isn''t performing well. One of the most popular over the counter methods for encouraging good rest is the Unisom sleep aid. There are tons of others to choose from. Some people swear by a trazodone sleep aid. While they are easy to buy, an over the counter sleep aid may not be the best option for you. Some people have unpleasant reactions to the ingredients and morning grogginess can be a problem. In fact, a lot of people prefer to treat their insomnia problem with natural or herbal sleep aids. These managed services and products are made from completely all natural ingredients and the likelihood of an allergic reaction is not very high. And also taking the all natural route to better sleep is that you will not have to deal with lethargic feeling in the morning. After all, the whole point of using a sleep aid for insomnia is to feel better, not more tired. Products that contain Melatonin or a Valerian root sleep aid are good choices.
Life Insurance Coverage Requirements Regarding Cosmetic Surgery Are Arbitrary And Even Unfair?
Imagine for a moment you have constant, debilitating headaches. You wake up every day knowing you will experience pain. You go to work: headache. You exercise: headache. You meet friends and, yes, you got it: headache. Now walk a bit farther down this imaginary path. It eventually leads to your charlotte cosmetic dentist and doctor's office. It turns out there is a procedure that with incredible certainty can relieve your pain. Sweet freedom! But wait. It turns out that this procedure costs a pretty penny and it is not covered by your life insurance. Well, how much could it cost, right? The answer: $5,000 to $7,000. Gulp! In reality, thousands of women seeking cosmetic surgery like anti aging skin care wrinkle removal, breast reduction, etc. have found themselves in scenarios very similar to this. These women experience pain, can't afford cosmetic surgery on their own, and don't meet the requirements for coverage laid out by their life insurance carriers. A few recent studies, however, have helped to create a consensus among many cosmetic surgeons that life insurance coverage requirements regarding kai perfume and cosmetic surgery are arbitrary and even unfair. A study published in the September 15, 2007 issue of Plastic and Reconstructive Surgery offers some insight into the situation many women are facing. It finds that life insurance coverage is often denied to those who would experience significant and cheap health insurance benefits from cosmetic surgeries. Currently, most life insurance carriers refuse to cover such as breast reduction procedures in which less than 500 grams of tissue per breast are removed. The problem, according to the study, is that many life insurance carriers fail to review the full range of factors that are in play. Breast reduction procedures in which less that 500 grams of tissue are removed may offer an important reduction in pain and significant quality-of-life benefits to smaller-framed women, the study found.
Facts About Premature Menopause
Premature menopause refers to the advent of menopause in a woman before the age of 40. It can happen due to external factors like disease, surgery, or injury. Other women are more prone to premature menopause due to genetic heredity. In some cases, doctors may try to stop or slow the process. This isn''t always possible and then everything possible is done to preserve a woman''s feelings of well being and Texas health insurance. The signs of menopause are the same regardless of when they occur. Especially in perimenopause, the likelihood of experiencing PMS during menopause is pretty good. It is essential to remember that menopause does not happen all at once and a woman''s periods will continue for a time. Factor in the varied hormone levels at the time, and it is a recipe for some intense symptoms. Being able to recognize the early premenopause signs will help ensure you find symptom cold sore relief early in the game. Hot Flash Freedom is a progesterone cream to naturally help you control the various symptoms of menopause. Some women also find menopause supplement options helpful in addition to other treatments.
Easing The Financial Burden With Sell And Rent Back Your Home Scheme
It goes without saying that struggling to meet monthly mortgage repayments and facing the threat of real house repossession can be a very stressful situation for ann arbor home owners. Unfortunately, soaring living costs and the stuttering property market are making this a fairly extensive problem and many homeowners are expected to see the benefits of a sell and rent back your home scheme when it comes to a quick release of equity from the real home and minimal disruption to day to day life.
Top Ten Leading Life Insurance Buying Tips
Buying life insurance online is easy and can save you lots of time. Here is what to know before you make a purchase. Top ten life insurance purchasing tips:* Don’t wait till you really need the coverage! By that time you will be that much older, you will be sick or you will have encountered a health issue that will cause your premiums to be significantly more than you anticipated. That is of course if you can even qualify for the coverage. * The highest financial rating doesn't necessarily mean better coverage. The important thing is to at least be looking at an “A†rated company. There is little, if any difference between one company''s term policy and another, so basing a decision solely on ratings will not always get you best deal. The highest rated companies tend to be more conservative in their underwriting and attaining the "best available" with them will be a bit more difficult. * Shop online first before you meet individually with an agent. Many online life insurance companies can be a useful source of information and can save you up to 75 percent on your premiums. The reason is of course because they are impartial and are not driven to sell you only one company'product. While searching for the best life insurance, you can also take a quick look on the sports tickets available for the next major league. Who knows today is your lucky day, you can now purchase the cheapest ticket price. * Pay annually if you can afford it. Paying annually can save you up to 20 percent with some companies versus monthly, quarterly or semi-annually. * Don't smoke. If you are trying to save money then being a smoker won't help your cause. However, if you do smoke, most insurance companies will let you re-apply for nonsmoker rates if it has been at least 1 full year from your last usage. * If you have cholesterol or blood pressure issues get it controlled with medication. Insurance brokerage companies don't like to see health issues go unattended. If you are doing something to control it they will likely look at that favorably and give you the benefit of the doubt when it comes to approval time. * If you are considering buying $90,000 of coverage, buy $100,000 instead. Many times it will cost less, the same or just a tad more for additional coverage. Insurance brokerage companies may give breakpoints at $100,000, $250,000, $500,000, $750,000 and $1,000,000. * Read the Prepare for the Medical Exams section before completing your exam. Eating a few Twinkies or calling your stockbroker a half hour before your exam will surely turn your lab results sour and cost you big time!* Obtaining coverage through your company's plan may be a good alternative in the short-run. Many employer's plans, however, are not portable and won't let you continue your coverage if you leave.
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Comments on Universal Life Insurance – Pros & Cons
Equity Indexed Universal Life Insurance - pros/cons?
I am looking at using this financial vehicle. Does anyone have any experience with it? Good? Bad?
Great info from all. Thanks. I know I have more to learn. I spoke with a financial planner who gave us some unique investment strategies that made sense, although "out of the box" of what little I had been told. I am always skeptical and like to learn for myself from independent third parties. I heard a segment on the radio from another financial planner with the exact same strategies we had recently heard from our local planner. When I hit his website he had a video explaining it. After watching the video it made more sense. http://www.cramgroup.com . As this is my families future, I would invite comments from anyone that could tell me why these investment strategies wouldn’t work.
In summary, part of the advice is changing to interest only on the home, investing the "principal" into a secured EIUL, the principal is guaranteed, the money is secure, interest is capped, but track record shows it around 7% and you will eventually have enough to pay off the house and then have much more.
Waste of money.
First, you are paying a 50% commission the first year, and lower every year after.
Second, level term life insurance will cover your insurance needs, and you can invest the difference in mutual funds, etc.
In the long run, you will be much better off.
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Universal Life if you continue to fund it at the minimum amount owed will blow up on you. What I mean is when this couple was turning 70, the gentleman said it was going to be cancelled. I was called in to help, but I could not help him get his money back. So when you do this be careful.
What I would do, is buy term insurance and on the other side invest in an annuity (go shopping on these, look at the penalty in case you have to pull money out.) If you are self employed check out the SEP annuity.
Mutual Funds may help but when you die it will go through probate, whatever you do try to avoid that.
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insurance agent
good try allianz or AIG or ING
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I agree with Av8r. Your return on this insurance will never match the returns of the equity index it follows, nor will you match the returns of a good mutual fund, either no-low, low-cost managed or index fund. If the return sounds high, check to see if some of it is a return of your principal (your own money). Insurance companies will try to hide that from you, knowing they don’t sell the best product. They will prey in your paranoia, warning you about "probate" and making sure you know about the "guarantees." While talking to an 18-wheeler truck driver one day, we watched as another driver tried to fix his GMC truck. As he climbed into his Peterbuilt, the driver I was talking to said "Never buy a truck from a car company." I find that advice useful in many aspects of life. Yes, you can buy a pressed wood, snap together bookcase at Wal-Mart, but if you want a good one, good value that lasts many years, go to a furniture store, like Ethan Allen. Same thing with investments, go to an insurance company for insurance, and Vanguard, T. Rowe Price, Fidelity, Oakmark , etc. for mutual funds.
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Universal life insurance allows you to save up money you may need later. However, the commissions and other expenses of universal life insurance suck away a lot of your money. You will make more money in the long run if you buy term life insurance and invest the money you save in an IRA, 401K, or no-load mutual fund.
If you look at financial sites not run by insurance companies, they are almost unanimous in recommending term life insurance. Look at big name sites like Yahoo, CNN, Motley Fool, SmartMoney.com and Kiplinger’s, and they all recommend term life insurance for most people.
Equity Indexed Universal Life Insurance guarantees that you will not lose money if you hold it a long time. You can do this yourself cheaper without paying commissions to the insurance company. Simply put half your money in a money market IRA, and half in a stock mutual fund IRA. Held long enough, the money market IRA will double in value, guaranteeing you won’t lose money even if the stock market crashes. This example is somewhat crude, but after reading the exact terms of your specific insurance contract, I bet I could come up with an investment program that would closely mimic it with less expenses. (Note that with the life insurance and this example, you can still lose purchasing power due to inflation.)
Read these sources and make up your mind for yourself. I like the Motley Fool articles best, but include others because I want to show a variety of opinions.
Sources:
Term vs. Universal Life Insurance Articles:
http://finance.yahoo.com/insurance/article/101749/Term_or_Whole_Life?
http://www.fool.com/insurancecenter/life/life06.htm
http://money.cnn.com/pf/101/lessons/20/index.html
http://www.smartmoney.com/insurance/life/index.cfm?story=whichtype0205
http://www.kiplinger.com/basics/archives/2003/03/life3.html
General Information on Life Insurance:
http://www.fool.com/insurancecenter/life/life.htm
http://finance.yahoo.com/how-to-guide/insurance/12823
http://money.cnn.com/pf/101/lessons/20/index.html
http://www.kiplinger.com/basics/archives/2003/03/lifeinsurance.html
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Cons:
1. Long surrender periods.
2. Higher cost of insurance internally, which is usually not disclosed.
3. Complecated vehicle to invest money in and hard to monitor.
4. High internal fees and expenses on the seperate accounts invested in the market.
5. Newer product not yet with a proven track record.
Pros:
1. The agent will get a nice commision.
2. The projections look great, yet rarely come true.
3. If you die the life proceeds are generally income tax free, oh yeah that would be the same for term insurance.
I like term insurance as the place to start. Then if you are maxed out on your retiremnt contributions, fund your Roth IRA and contribute to a non-qualified no-load mutual fund than consider whole life not EI UL.
Whole life has its place in some people’s portfolios. As an example if you want to retire at 55, which is just about everyone now a days, then what are you going to live on? You can’t get to your retirement account or your annuities until you are age 59 1/2.
You can have a non-qualified side account that was your invest the difference and take money from it. This is a taxable consequence when you pull money out. Non-qualified or after tax money is LIFO, last in (dividends and capital gains) first out, which is a taxable consequence.
This is ok but here is an alternative I have seen people looking at with permanent life insurance. Keep your non-qualified side account but also fund a traditional whole life plan from a good carrier, like New York Life, Northwestern Mutual or Mass Mutual. Over fund the insurance. As an example the premium is $100 month, dump in an extra $50 into a side account in the life policy. The reason I like whole life is that the premiums are locked in from the day you take it out and the cost of insurance will never go up.
This money grows tax deffered and when you do want to take the money out at age 55, life insurance is unique in that it is FIFO, first in first out. So your premium payments are withdrawn first and this is not a taxable situation.
This is a conservative vehicle but it could be a portion of your portfolio that you do not have to worry about it in the market. These projections are usually on par in today’s low interest rate periods and the Internal rate of return on most will be 5-6% after 15 -20 years depending on your age, rating and company.
Lastly I see way to many people who are retiring that wish they would have taken out a whole life policy when they were in good health and younger. Why? They have enough assets to live on and their main goal is to leave a legacy to thier family. The best way to do that is with life insurance, bar none. Also the UL policies they have are way underfunded and they will fall apart soon if they have’t already.
The equity index life insurance policy looks good but will it be there when you need it the most, at death?
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Over 2000 life insurance clients
Do yourself a favor and read the book Missed Fortune 101 by Douglas Andrew. It is very easy for people to make various speculate about the most effective financially products and strategies. However, it really comes down to the each individuals financial situation and what they are trying to achieve. The author of this book, explains how you can use proper home equity management to create liquid, safety, and a rate of return on the otherwise lazy idle dollars trapped in your house. Buy term and invest the difference was an effective strategy in the 80’s and 90’s but the financial landscape has drastically changed in the last 5 years. So rather than listen to people speculate about EIUL and the various alternative investment strategies, read Missed Fortune 101 and make your own judgements and decisions on what makes sense for you and your families financial situation.
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