"The creative act lasts but a brief moment, a lightning instant of give-and-take, just long enough for you to level the camera and to trap the fleeting prey in your little box."Henri Cartier-Bresson
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How to Get Pet Insurance for Your Dog
Have you taken your dog to the vet recently? Did you balk at the cost of a regular check up or the price tag of your dog's medicine? In a more extreme example, your dog may have eaten something that didn't agree with them and they are convulsing and ...
Online Insurance: The End of the High Street Broker?
Once the insurance salesman visited you, then you visited his office. Now you pick up your phone or click your mouse. Does the Internet herald the end of the high street insurance broker in Britain? When I was a lad, some 25 years ago, the Insurance ...
Viatical Settlements, Or Life Insurance Settlements
When I first heard of viatical settlements, or life insurance settlements, I shuddered at such a dastardly idea. I even put into words my deep feelings. You see I spent many years in the life insurance business and have seen the product work for the ...
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One of the most popular life insurance policies is the 20 year term life insurance policy. The purchaser of the policy usually pays a level premium for the first 10 years. In some cases the premiums remain level, and at the same rate, for the entire 20 year period, however most companies increase the premiums starting in year 11 and they remain level for the balance of the 20 year term. This type of policy earns no cash values and there, therefore, are no dividends.
This type of life insurance policy may be totally or partially converted to a permanent policy at any time during it's lifetime without having to prove that you can qualify for it, that is without having to do a medical examination.
There are several uses for this 20 year term life insurance policy. You may use it to pay off a mortgage in the event of premature death. In this case, let us assume you have a mortgage balance of $100,000, you buy a policy for the entire $100,000. Let us assume you die years later when the balance owed is only $60,000. The insurance company pays off the mortgage and the $40,000 balance goes to your named beneficiary.
This is a good policy for a young family to start off with because it is fairly inexpensive. Young married people need to accumulate as much cash as possible as quickly as possible. They may need to save for an upcoming baby, or, may be, for the down payment on a house. They need an inexpensive life insurance policy for family protection. They can, thereafter, put their noses to the grindstone and save as much as they can in their bank accounts, with their aforementioned goals in mind.
Business people find this 20 year term life insurance policy very useful. You just started your business, you are reinvesting every dollar that you can put your hands on in your business. You need the least expensive life insurance to cover shareholders in the event of premature death. This 20 year term policy is ideal for the situation.
About the Author
For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has studied the work of all of the greats from Ben Feldman and Frank Bettger to Joe Gandolfo. He has represented some of the largest and best life insurance companies in the United States as well as Canada. His advice is invaluable.
Donald website is life insurance hub
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