All About Universal life Insurance: All About Universal Life Insurance By Insurance Experts

Recommended Program
Live Your Life Insurance
Teaches You Surprising and Viable Strategies
For Developing Prosperity Through
Your Life Insurance Policy

Analysis of Universal Life Insurance Sales - Variable Life is Now a Gamble - Crisis For Clients
By Donald Yerke Platinum Quality Author

Individual life insurance sales of variable life and universal life is a gamble for clients. Current analysis also reflects a reluctance of agents making large variable or universal life sales. Which crisis is worse? Should agents quit pushing variable life insurance, or are clients just being overly skeptic? Here is the information you need to decide.

In the first three months of 2009 life insurance sales premiums did not become paralyzed. Instead, sales plunged to where premiums are down over 25%. This is a level not seen since the early 1940's.

Term insurance, which typically has no cash value, has little change noted. This means there is a reason for the market based cash value policies of universal life and individual variable life sales experienced a drastic beating. These policies are very risky during a period of an economic downturn. The first quarter of 2009 is a wake up call. Variable Universal Life sales premiums equaled only 40% of the amount collected during the last quarter of 2008. Variable Life, not as risky as variable universal life, countered with a decline of about one-half as much.

Insurance representatives were stunned by client reactions, and in many cases did not present variable products to their potential clients. Many clients having been burned stuck to purchasing the less fluctuating vehicles of term life insurance and whole life.

As a result, the so-called "financial experts" were burned on sales and commission earnings. The positive analysis of this is the fate of insurance agents not truly qualified to sell financial asset related sales. Thousands of these agent trainees left the business or started selling basic products like those that they should have done at the beginning.

The final analysis is that people will continue to buy life insurance for protection purposes. However, consumers will stay more cautious when viewing insurance as a super investment vehicle. In turn, sales agents making variable universal life, variable life, and equity indexed annuity sales will be more careful in explaining the risks that go along with the sale.

Well published author, Don Yerke likes to concentrate on what you don't know or what no one else dares to print. Tell it like it is. Watch for his new paperback book debuting on Amazon this summer. It is loaded with great insurance marketing, brokerage, sales, and recruiting information. Come and get your FREE "Think and Grow Rich" Ebook by Napoleon Hill instantly. The website address is http://www.agentsinsurancemarketing.com. Save more than 60% Visit the website to get a package of Ebooks at under $1.99 each.

Article Source: http://EzineArticles.com/?expert=Donald_Yerke

Universal Life Insurance
By Kevin Stith

Life is so uncertain and so many things can happen -- even the things you least expect, such as a sudden death. You could be very strong one minute and suffer from and a heart attack and die the next minute. However, one thing is for sure, the loved ones you leave behind will be devastated and be even more in distraught if they do not have the means to pay for your funeral services. That is why it is important that you secure the future of your family by getting a universal life insurance.

Universal life insurance is one type of life insurance. It is characterized by flexible premiums and adjustable benefits. As your insurance needs change, your policy can also be adjusted; however, this action requires approval. The benefits of securing a universal life insurance policy include flexibility, security, tax-deferred account value growth and tax-free death benefit.

A universal life insurance plan is flexible because you can adjust your premium payments and death benefits according to your needs. Even with your changing insurance needs, you are secure that your loved ones will not go through a financial crisis in the event of your death. Aside from these two benefits, you can also get tax-free and tax-deferred benefits. Yet, the proceeds that your beneficiaries will get are income tax-free, and the account value of your policy earns interest and is federal income tax deferred.

Getting a universal life insurance policy gives you lots of benefits. But, if you are still in doubt of these significant advantages, you should consult an insurance agent to better explain them to you. You might as well ask other important information regarding premiums, savings, reserves and payments to ensure that you get the right life insurance policy for you.

Universal Life Insurance provides detailed information on Universal Life Insurance, Universal Life Insurance Quotes, Variable Universal Life Insurance, Universal Life Insurance Policy Definitions and more. Universal Life Insurance is affiliated with Free Life Insurance Leads.

Article Source: http://EzineArticles.com/?expert=Kevin_Stith

Whole Life Vs Universal Life Insurance
By Donald Lusan Platinum Quality Author

You may find it a good idea to look at "whole life vs universal life" insurance. You probably wonder which is best for you and your family. Because more people are familiar with it let us take a look at the mechanics of whole life insurance policy first and find out once and for all which is best "whole life or universal life" insurance.

Whole Life InsuranceI have a certain fondness for the whole life insurance policy because of the myriad of benefits it provides. There is the guaranteed level death benefit that you cannot outlive. You also have a guaranteed premium when you purchase whole life insurance. Your premium never goes up. The whole life policy has a cash value as well as a dividend if the company performs well. The cash value is guaranteed and also earns a minimum amount of interest. Dividends are not guaranteed. In our comparison of whole life vs universal life we must consider that the whole life policy dividend can be used to purchase paid up additions...which are really small paid up policies purchased each year which are added to the base policy. These paid up additions increase your death benefit and also have cash values. The dividend can be paid in cash or they can be used to reduce premiums. With all these benefits when we look at whole life vs universal life we must also consider that there is a certain rigidity built into the whole life policy. That is the policy in a nutshell. It is a good policy but quite inflexible.
Universal LifeUniversal life provides a little more flexibility than the whole life policy. Life insurance buyers today tend to favor term life insurance. Universal life is built on a term base. It is basically a term policy with an added savings element. You maintain a level death benefit but you also have the option of reducing the death benefit whenever you like. You can also increase the death benefit but you may be required to provide evidence of insurability at the time you choose to make the change. The premium you pay usually remains level but you do have the option of reducing it. Here is where it is flexible. Let us suppose you bought a universal life policy and you applied 30% of your yearly premium to pay for death benefit and 70% of it to saving. You may decide 5 or 10 years down the line that you don't need as much life insurance as you now own. You can reduce your death benefit and apply the applicable cost to your savings plan. Let us suppose, on the other hand, you decide that that you need additional life insurance 5 or 10 years down the line. You can reduce the amount of premium applied to savings and use it to purchase the additional term insurance you need. That means there would be no need for any additional outlay in premiums. You must, however, bear in mind that you have to qualify for the additional insurance. The life insurance company may ask for a medical examination. Whole life vs universal life...those are the basic differences. You may add the waiver of premium rider to either policy. The cost for the rider for the universal life policy is much lower than of the whole life as the premium for the rider only applies to the portion of the premium applied to death benefit. With the whole life policy the entire premium is waived in the event of disability. You may also add the accidental death benefit rider to either policy.

For additional information on whole life vs universal life go to =>http://www.lifeinsurancehub.net/permanent-life-insurance.html

For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable.

Donald's website is: http://www.lifeinsurancehub.net

Article Source: http://EzineArticles.com/?expert=Donald_Lusan

Back To Insurance Contents

Back To General Contents ( Home )

Back To The Top