As the insurance industry is becoming highly competitive, we should develop and promote a new innovative insurance product – Universal life (UL). Universal life insurance is a permanent life insurance plan with the benefits of tax-advantaged investing. UL allows policy owners the flexibility to customize the coverage and premiums based on their financial planning needs. I believe UL has a great potential in attracting individuals who:
need life insurance
want to actively manage their life insurance policy
are concerned about wealth accumulation
seek a tax-efficient way to protect their assets
Unlike term insurance which provides temporary protection, UL aims to protect policy owners for life with a tax-deferred investment component. With universal life insurance, regular monthly deposits are made into the investment accounts chosen by the policy owner. As of an accounting date each month, the insurance company takes out a portion of the deposit to cover the insurance premium and administrative costs. The money left is credited with monthly interest based on the performance of the selected investment accounts. Under the contract, the policy owner can decide whether to pay only the insurance and administrative costs or use the investment component.
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The death benefit of a UL policy can keep a business financially strong from the unexpected death of an owner, partner or key employee. Upon the death or disability of the policy owner, UL can create immediate capital for partner or shareholders to fund a buy-sell agreement. To policy owners who want to preserve the maximum value of their estate for their beneficiaries, UL ensures that the estate is passed on intact by providing beneficiaries tax-free insurance proceeds to pay potential tax liability. As an effective tool in estate preservation, UL can help enhance and protect assets of policy
For the dancer, music and choreography are paramount. The music guides the dancer, and the moves express the music. However, the dance has to start from somewhere.
People argue about the value of a human life almost everyday whether it be divided
What if we all lived on a plant that has to witness natural disasters always happening? Well in Life as We Knew it by Susan Beth Pfeffer you get to experience all of this. This book is a story in first perspective about a girl, Miranda, who has to experience an asteroid crashing into the moon. When the asteroid crashed into the moon, they thought they were prepared to watch the asteroid hit, but they weren’t. After this monumental moment Miranda’s mom decides it would be good to stock up on food and clothing.
What it would mean to live a meaningful life is to do all the type of actions and events you always wanted to do, but you couldn’t get to because of limitations. Living a meaningful would also depend on a person’s happiness as well, for instance asking yourself what a meaningful life is to you. It should also depend on how the person should be cautious of the choices they made, or should it be based on if you enjoy it. But You should feel comfortable doing anything you enjoy doing, which would mean the type of events that bring you meaning.
In 2014, after being encouraged by his friend, Tom decided to finally consider the life insurance industry as a full time career. Having watched how his early investment in his friends agency had allowed it to balloon into a nation wide company and how well this company had weathered a decade of financial storms. It became clear that the life insurance industry could be a good fit that provided financial stability. At first Tom though that he did not have what was needed to be in a sales related position but he quickly learned that all the past positions, relationship building skills and his attention to details ready him to jump in to being a Life Insurance Advisor with Prosurity, Inc. Having come from and worked in a variety of backgrounds makes it easy to quickly relate to his clients. Working as an agent out in the field Tom quickly realized that while life insurance is important, this was just one small piece of the financial puzzle for many of his clients. This realization that there is more to offer lead Tom to start investigating options and systems that could help him to better server his clients. Today Tom is excited to be a part of 21st Century Financial and is looking forward to many years of helping his clients realize their financial
However, in the last several years, tax incentives, rising medical expenses, and other factors have led insurers to develop new types of insurance products to better meet the needs of their customers. Installment Payments Life insurance benefits can also be paid out in installments to the beneficiary. This is a popular option for the customer who needs a policy to guarantee income replacement over a period of years for a spouse or children. Annuities Payments Another option, known as an annuities payment option, allow the beneficiary to receive installment payments of both the death benefits and its accrued interest, often over the lifetime of the
External pressure from our Life Insurance partners wanted us to commit to using their services. Life Insurance had designed and implemented an accounting system a few years ago that provided wonderful functionality. This system is being used by most of the enterprise although there is no corporate mandate requiring administration areas to use it. While the functionality of this system is quite detailed and impressive, it fails to meet all of the needs of the annuity business customers. Because the annuity business requirements were quite extensive, the life insurance group could not commit to the necessary enhancements that would be required to their system to satisfy annuity users. Because of these business requirements, we then conducted an extensive analysis to determine what Annuities IT could do to satisfy the business requirements. The analysis revealed that we could build our own accounting system for only 25% of the cost of using the life insurance system.
Human life is full of meaning. As humans, we assign value to many things. However, what happens when we assign a specific value to a human life? This is the issue being presented in the article, “What is a Life Worth,” by Amanda Ripley. The government is determining a monetary value to a human life, and it does not appeal to the masses. There are many problems with the cold calculation, and most people cannot see the other side of the numbers. The economic value of a human life is calculated based on the income the person was receiving, but when the check is given to a loved one of a small amount, the compensation is misinterpreted as an overall value of the human life. The true value of a human life should not be combined with the monetary value that is determined by the government, or the value of life would be worth very little.
J. David Cummins, A. S. (1999). Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management: Efficiency, Technology, and Risk Management. Springer.
I have always been to asking myself what is meaning of life? or what I supposed to do ? or what I have to achieve? . Meaning of life what 's you have been given? what you have given by different kind of human? Or what I believe or what I do not believe in life .Everybody have Meaning of life it depends between person to person, I found myself when I was young because my parents always talk about experience in their life.Throughout my entire life ,I have wondered about the significance meaning of life that has beneficial for the people, because the life is beginning odds and ending odds .Even though struggle of life, I believe meaning of life are ,regional ,ambition, participate ,achievement ,and happiness .Due to this, I
Contentment is defined as the state of satisfaction and not wanting more of oneself. Back then before the twentieth century, lives were rather simpler as technologies were not yet as advanced. People were generally happy with what they had and their values were collectivistic and egalitarian as well. However, as society progresses on, people are becoming more affluent and they also begin to have the autonomy to spend, along with the rise of technology which led to the increase of commodities. As a result, people have become less contented as compared to those from the past, expectations have changed, and society has also become increasingly stratified. People are more materially driven and are no longer satisfied with their current state and thus strive for more. However, people can actually be contented while living in the midst of this rapidly changing world even when they may not be fully satisfied. Earning more money and gaining good statuses in society does not necessarily lead to more happiness.
It is human tendency to want to follow the elementary concept of cause and effect. For example: “If I study responsibly for this test, then I will perform positively.” “If I get my degree, then I will have a better chance at finding a well-paying job” and so on. If we are told to do something with no end product or goal in mind, then we act with no purpose. Living with no purpose causes one to aimlessly live their life facing an endless direction. We as humans are constantly questioning “why” and looking for a purpose in life, and while some may disagree, having a belief in a higher power helps guide and encourage individuals to find that purpose and trust in something, or someone, bigger than themselves.
COUNTLESS BLESSINGS Life is a walk In the gardens Of muddy way It’s the life We just pass Along this way Life is bitter It is sweet It is chuckling It is amazing
Death is something that causes fear in many peoples lives. People will typically try to avoid the conversation of death at all cost. The word itself tends to freak people out. The thought of death is far beyond any living person’s grasp. When people that are living think about the concept of death, their minds go to many different places. Death is a thing that causes pain in peoples lives, but can also be a blessing.
Aristotle believed that as we get mature, we do things more purposefully to make improvements in our lives makes our community a better place. Everything in life has a purpose. A virtuous life is one that is lived according to its purpose. Happiness is when our mind and activity is consistent with the best virtues. These things are not innate, we have to learn them through training ourselves. The good life is the state of character. We have to aim for the moderation and avoid excess and deficiency (Sandel, 295-300). For example, when the virtue of courage is in excess, it is rash and which is foolish and can be harmful when we don’t have to be. If we have a deficiency in courage it can also have a bad impact on our lives. Therefore, every single virtue that we have has to be lived in a moderate way. This can not be done just through reading, learning or talking about it, it takes time. It is only possible when put this belief into the action every day which helps us develop a habit of doing it in every situation (Sandel, 294-300). Therefore, anything that prevents us making this habit can be considered as a barrier between the person and the happy life such as