Low Cost Life Insurance » universal

Health Care

Kathrine Woods — Sat, 06 Feb 2010 03:17:29 +0000

Dennis Kucinich talks about his Universal Healthcare Plan at AFSCME FORUM on 2/21/07 and how the other Democratic Candidate’s Healthcare Plan’s All Include a roll for the Large “for Profit” Health Insurance Company’s. The same companies that currently eat up over 30% of the cost for Healthcare in America today without providing needed Healthcare Services for our citizens. To learn more about Dennis go to www.kucinich.us Video by Chad Ely

Life Insurance: Variable Life vs Whole Life, which one is really better?

Kathrine Woods — Sat, 23 Jan 2010 07:37:21 +0000

Is Whole Life premium more money than Variable Universal Life? I asked for a Whole Life insurance quote from one of the big insurance companies around, instead the agent tries to convince me that I should go with Variable Universal Life. He said Whole Life premium is always higher than Variable Life. He generated a printout for Variable Universal Life but not for Whole Life. I just want my premium to remain fixed in my old age and dont want the death benefit to fluctuate hence I prefer Whole Life. He stated that the death benefit is guaranteed for VUL. Is it really? I have a feeling it’s not and that the premium for VUL will increase in my old age since it’s dependent on my market investment. I’m beginning to think that his commission for selling Variable Life is more than selling Whole Life. I’m 37 female, non-smoker, in good health. I dont believe Whole Life premium would be that much higher than VUL. Any input is appreciated.

Explain Universal vs Term life Insurance Quotes?

Kathrine Woods — Fri, 22 Jan 2010 14:57:36 +0000

My wife and I just bought a Universal life insurance policy. We each have $100,000 in coverage. After talking to my parents, who are 59 and 58 years old and have term life, we think we are paying too much per month for premiums. Our agent showed us and told how the premiums we pay will partially go into a savings account and collect interest. This looked like a good thing and that is why we went with the Universal coverage. He also told us that the premiums for term would keep going up as we got older. My parents pay a combined $65/month for there life insurance (with $150,000 coverage each). My wife and I pay a combined $125/month. After talking to my parents and reading up on the difference between universal and term, it seems that the money that is suppose to be in a “savings account” with universal, might not be all it’s cracked up to be. I know they gaurantee you a certain interest rate, but that is only if they perform and make the profits that they need to. My question is will there really be as much money in a “savings account” as the agent showed us, or will we cash out at the end and only get a few hundred dollars? Can you explain the difference a little better for me? Thank you very much for your time