Monthly Archives: August 2017

Credit Life Insurance

“A type of insurance, often bought by mortgagors, in which the amount of the policy matches the loan balance at any given time; designed so that the loan will be paid off in full in the event of death.”

It implies that you obtain a specific loan which includes insurance policy. This insurance secures the loan of the customer and in case of the client’s death, pays off that loan. Generally, the policy should be indulged in after you have a secure full coverage life insurance policy, or if the offer is too good to miss.

There is much deliberation in the client’s mind when it comes to purchasing this type of insurance. It should be noted that careful research into the offer might offer a win-win situation for both the client and the lender without any negative repercussion of buying the deal. Peruse the conditions of the deal carefully; develop a foresight in case of any unforeseen future events where the offer would be helpful.

The caveat of insurance policies offered in the market is that it caters to clients who have less probability of death by natural causes. More specifically, in terms of age, people under 65 years of age are eligible for credit life insurance policies; as are people with no record of previous serious medical history. Some policies require a certain amount of working time per hour of the client.

There are different set ups of loans with which credit life insurance is available. Closed ended loans require monthly installments, and the limit of amount and time period is fixed. Open end loan is more flexible according to customer needs. The amount and time limit is not fixed in open end loan. Buying credit life insurance policy is an option that should be looked into when you have additional insurance plan secured.

Life Insurance and Things That Matter Most

Ever get those sudden feelings of overdue regrets – those ugly, dark twitches of sore guilt pangs related to events of yesteryear that bang at your heart and knock consistently at your soul?

Sometimes, especially in those long, long traffic jams of bumper to bumper cars that wind around the endless NJ Turnpike when Sam is on his way home from work at rush hour and there’s nothing else to do but tap fingers nervously on the steering wheel, stare at the unending stretched line ahead, and wait for some movement up ahead, his mind drifts back to distant memories of Paul – and he gets those awful feelings of belated regrets.

It’s been years now since the two were together in elementary school but Sam can still picture Paul as he was back then. Paul sat there in the row just across from Sam -tumbled blond hair, deep blue mischievous eyes, straight, rather pointed nose, and a smile that could win anyone over.

Yes, that sure was Paul.

Paul had arrived to the class late in third grade after moving from Milwaukee, Wisconsin. Shy at first, it didn’t take too long until he proved himself as one of the brighter students and although he certainly was no older than any of the kids, everyone soon came to recognize that he possessed a sophisticated ‘world wisdom’ and wry wit that was remarkable for his age. In time, it demanded our admiring respect.

“That’s it,” Paul once proclaimed, with his famous grin after hearing about a new school rule that nobody was too fond of, “I’m playing hookey tomorrow; I’m not coming to school!”

In the pure innocence that only average third graders could muster up, everyone asked him what kind of game hookey was.

“Hookey?” Paul answered, eyes sparkling in their own unique magical way. “Hookey is just like hockey, but you play without a stick!”

While some believed Paul, others wondered at the possibility of actually staying home in order to be able to chase after a little black puck without a stick. It was soon discovered that the chair had been skillfully pulled from behind all by Paul’s smooth talking when someone’s older brother let them in on the secret of what playing hookey really referred to.

That was Paul.

But there was something else about Paul that was different than the rest, something that Sam and the others didn’t quite fully understand and appreciate at that youthful juncture; and perhaps it had something to do with his unusual worldliness and knowledge of ‘other’ things. While all the children would rush at the end the school day to be greeted warmly by their mothers and a prepared hot supper, Paul would slowly drag his feet and make his way to his neighbor’s house together with his two brothers, eat supper there, and wait for his father to pick them up after work. Paul’s mother, you see, was not able to greet Paul and his siblings at home like the rest of the class because she was not even at home. Paul’s mother lay in a bed forty-five minutes away in one of the world’s most famous hospitals with an illness that no one in the class had ever heard of before – a disease, talked about by the grownups in hushed whispers – a disease called “Cancer”.

Paul never really spoke about his mother and the disease, so Sam and the others didn’t either. To them, aside from having to eat supper at the neighbor’s house, Paul seemed to be every bit as normal as everyone else and, of course, then some.

Sam became best friends with Paul, a year later, in fifth grade. By then, he didn’t eat supper at a neighbor’s house anymore because his father had hired a woman to cook for the family and be there when the kids came home from school. By that time, his mother would either be lying in bed behind an ominously closed bedroom door, or away at the hospital for a week or two at a time – or more. Sam would come to Paul’s house on occasion after school and they’d do homework together and play with the loads and loads of toys and games he owned. The one thing that struck Sam besides Paul’s good fortune in being provided with the ‘best’ that any kid could ask for was how ‘perfect’ and in order his home seemed to be. And how unusually quiet it was.

One day, Paul didn’t come to school. The teacher told the class that Paul’s mother had passed away and that he would be staying at home for the next week. He explained that as soon as Paul returned, everyone needed to be extra nice to him because of what happened to his mother.

Truthfully, at that young age, no one understood what the loss of a mother actually meant.

When Paul returned to school he didn’t say anything about his mother. Sam figured that, although it was a bad thing that his mother passed away, since Paul was a tough guy and accustomed to her not being around anyway, it didn’t have much of an effect on him. The friendship resumed.

By the time sixth grade came around, Paul had built a reputation for himself as somewhat of a genius. Never putting in too much effort, he’d manage to pull off higher than average grades. Sam, however, was poles apart in the brains department. For Sam to achieve even mediocre results, he had to really work.

For the duration of that year, the relationship was not affected by the pronounced difference between them. By the seventh grade, however, Sam couldn’t bring himself to study together with Paul anymore. The fact that Paul wouldn’t spend sufficient time on what needed to be internalized wasn’t helping Sam any and the knack for coming up with those quick clever words spiced with a characteristic dose of witty sarcasm began to make Sam feel uncomfortably inadequate.

“It’s no good,” Sam would tell himself. “Why am I such a dumb bell? Why do I put in so much effort and barely make it, while Paul has it so easy?”

It’s not too difficult for an immature seventh grader to build himself up about something as ridiculous as someone else being smarter. The more Sam thought about Paul, the more he succeeded in assembling a case against him. Sam remembered an instance when Paul ignored him, another time when Paul insulted him, and still another occasion when Paul forgot to include him in the baseball game he had organized near his house. One thing led to another, and by the end of the year, the relationship had cooled off a great deal and Sam and Paul were no longer were the same buddies they once had been.

Sam became associated with another group of boys – those that he considered ‘more serious’, but every so often, he’d catch Paul glancing his way with a funny, pained kind of look. Sam made away with ‘the look’ and dismissed it as it just being Paul’s way.

With a diverse choice of high schools a year later, the contact ended completely.

The years passed swiftly and although Sam still maintained a connection to those guys that had continued on his path, he rarely thought about elementary school and the ties that had been severed since then. Eventually Sam married and went to work in his father-in-law’s business.

It was on a cold, frosty Friday afternoon while in midst of traffic jam on the NJ Turnpike that Sam received the phone call from Marc Hart.

“Sam,” he said. “Sorry to catch you on the road, but remember Paul Stone?”

“Yeah,” Sam said cautiously, with a sudden uncomfortable premonition of bad tidings to follow. “What about Paul? What’s he up to?”

“Paul’s not doing so well now, Sam,” Marc said. “His wife was in a car accident and – sorry to be the one to break it to you – she was… she was killed. He’s left with three little orphans. At this point, it looks like the funeral will be scheduled for Sunday morning. I wanted to let all the old friends know. I think it’s important that we all be there.”

Sam swallowed hard. “How terrible,” he said, trying to hold back the tears that found their way to his eyes. “I’ll be in touch for the details.”

The funeral was as awful as any funeral for a young woman that had to depart so early from this world and leave behind a broken husband and three young orphans could be. Sam sat towards the back of the chapel and gazed at Paul. Paul wore that pained kind of look that Sam remembered from somewhere deep in memory…

The weeks and months passed since Paul’s wife’s death and Sam heard that the family had been awarded a significant payout from the other driver’s auto insurance coverage and life insurance policy. Nevertheless, there was much to contend with. The extended family and close friends stepped in very quickly to help him with his painful situation and unfamiliar new responsibilities.

The memories of an old friendship continue to hound and harass Sam with a mature perspective of what transpired between Paul and him, emphasized strongly by the events of Paul’s most recent terrible loss. Is it too late to say “I’m sorry”? Sam wonders.

Life Coverage Explained

What is life insurance? This is an insurance policy taken out by an individual to provide compensation in the event of a disaster or even death occurring to the individual. The policy is issued by an insurer and the recipient of this policy is the insured.

The terms involved in this type of policy is that the insured would pay a certain amount periodically (monthly, quarterly, annually etc). This payment known as premium is made to the insurer as a contribution towards an agreed upon amount called the sum assured.

Upon taking out a policy, the insured names a beneficiary. The beneficiary upon the death of the insured, receives the sum assured.

There are two main kind of life policies. The whole life and term life coverage.

The whole life insurance as the name implies is whole and last through the life time of the insured while term life lasts for an agreed term.

In term life, if the individual dies or is incapacitated before the expiration of the term, the individual receives the sum assured.

If the term runs successfully through and the insured is still alive, he/she would receive the sum assured.

Many people do not like to think about life insurance as it reminds them of something most people would rather not think about. This caused insurance companies to come up with ways to make life policies more of an investment tool.

Anyone who has dependents he/she cares about should get a life policy.

Talk to your financial adviser or an insurance agent for ways to use this tool for your benefit.

Life insurance can be very expensive so get free life insurance quotes now and find ways to save.

Term Life Insurance Benefits

Term life insurance is called this way because life insurance is limited to a certain period of time, also called term. This type of insurance only offers pure insurance protection, without any additional features like savings that other life insurance policies have.

You can sign such a life insurance, over a period of time that can vary between 1 and 30 years. The 1 year option is of the renewable type and you can only get it for short periods of time, between 1 and 5 years.

For this period of time, the premium remains fixed, and the most popular type of insurance is the one for a 20 year term. In some situations you can choose a term until you reach a certain age, like 65.

The best use out of term life insurance can be gotten by young people, which might need only short-term or temporary insurance. A good example are growing families that are young, that need a simple life insurance coverage but have a smaller income.

Other situations where this type of insurance is good, is the mortgage, where the need for it decreases in time.

Premiums are cheaper as the person getting it is younger. And, since the premiums remain the same during the entire term, a longer term will save you more money. If you’re young, you can get a big insurance death benefit, by paying only a small premium, until you reach the age of 65.

Another thing that is beneficial is the “Return of premium”, a feature in some term life insurances. If you choose it though, you will usually pay a bigger premium and you need to pay the policy until it’s done, or the premium benefit might be forfeited.

Final Expense Life Insurance

The sale of final expense life insurance opens up dormant prospects. Final expense life insurance representatives employ intense selling techniques with a senior.

Looking confident but insecure, the sales agents feature dollar symbol tattoos etched upon their chests. Typically enlarged eyes like low-cost red neon glare as their looks show signs of being famished. In spite of this, these indicated company agents resemble an assassin centering in on the newly generated money target… a senior citizen.

Just about any older senior citizen has gained ample deep-rooted ability by encounters with nonstop sellers. Stricken by a sales figure quota, the sales agent keeps trying to hack continuously for sales closings. Stabilizing in for improved position gets him shifting backward, bordering on dropping back just like a gunshot hare.

The sales agent gives his best presentation. All the same, in all certainty this is absolutely not a quick game, yet this still is an important matter of life and death..By this time many newer career agents get raindrops of anxiety arising swifter than the countless stars in the sky.

The retired weakened senior catches his breath and then takes an object out of his new sweater zippered pocket. Out from an undersized vial of prescriptions, he removes a singular one, more shrunken than an upsetting bug. Without water to drink, the speck of the potent nitrate is centered then below his tongue.

Wonder overwhelms the representative, now aware that this is absolutely without doubt no chunk of sweet stuff. Making a response, the senior citizen starts commenting in a gentle scratchy vocal tone. He replies it was a nitrate pill as previously he had sustained a congestive heart stoppage. Flowing words & phrases bring figures of a full-length account of health circumstances. Then a smile glows, as a gesture to the agent to dismiss the final expense life insurance.

No doubt he had completely been outdone. How could this retiree still be persuaded even if he rips the paperwork form from the agent’s possession? His plans of a high demanding canned sales recital turns to a grinding halt. The newer agent is mum. And then finally he knows that letting a client feel being in a burial place is absolutely cold.

On this occasion with the mild light wind, the conversation adjusts to one of interactive mutual interest. The topic is fishing.. This improved topic activates passion, even if at points the vastness of trophy fish landed most certainly appeared to be expanded.

This newer agent notices how swiftly the chitchat among the two flows back & forth. Maybe securing the respect of the potential purchaser to approve of you is much more gainful than fighting disputes? Perhaps confidence evolves into being as potent as facts and results?

Closely after comes a move surprising the agent, similar to a creepy cockroach unveiled to a spotlight. The older senior citizen pulls from inside his wallet a picture of his individual grandchild. Next gently nudging the sales agent he asks,¬†“Will you tell me of the final expense life insurance?”

The company agent holds to his very greedy wants only,. Not at any time does he inform the senior that the final expense life insurance coverage will absolutely be turned down. Still, much like a crafty rat in an infested attic, he scurries finding the insurance application. The good man even asks for being insured for the greatest amount. Not even finishing the all-important paperwork form, the trustworthy big-bellied new buyer goes into a far end passageway. Reappearing, his fist is skintight encircling a roll of cash.

Close to drooling, the agent needs this newest purchaser to merely sign the policy application. Arriving at the office later, the agent knows the final expense life insurance application is not truly guaranteed issue. Quickly he makes an unusual decision. The sales agent, very low on funds, decides to swindle the $700.00 and destroy the application form.

Two years later to the day, the senior has his bright light turn to final darkness. After the burial and coupled with grief, the grandchild finds he does not receive one dime.

Case shut… but not completely. That precise identical time, a young chronic drunk rams through the metal barrier aside a hill. Someone with identity comparable to the former agent’s likeness is at once being engulfed in glowing flames. After his instant cremation, no life insurance coverage is ever located.