Universal Life [UL]- The Flexible Life Insurance The following pages provide a detailed analysis of Universal Life plan generically highlighting its various components, elements and how it operates. BASICS – UL vs other Life Insurance Life insurance may be categorized into four major plan groups. Term Specific ( 1yr, 5yr, 10yr Term) Life Long Term ( Term to Age 100)…
POST CLAIM UNDERWRITING If you want a sense of security – Make sure you get it! What is Post Claim Underwriting? Post claim underwriting occurs when an insurer reviews the answers to questions on the original application for insurance, only after a claim is submitted, then after verifying the answers it accepts or refuses to…
Why are some Insurance Protection Plans cheaper than others? Insurance Contracts of the person, typically issued by life insurance companies are usually long term contracts lasting many years or for a life time, as apposed to property and casualty insurance which is almost always for a 1 year term, at which point it is renegotiated…
Looking Ahead to See your Past If you were to close your eyes for a moment and look ahead to age, say 70, how would you see yourself and your life? Spiritually; compared to now, are you content, at peace and have you fulfilled the expectations of your belief system? Is your moral compass at…
