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Q: What is Guaranteed minimum rate of interest Life Insurance?
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What is interest sensitive whole life insurance?

It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.


Where can I purchase guaranteed insurability life insurance?

you can purchase guaranteed insurability life insurance . you can check on this www.MutualofOmahaLife.com or www.AccuQuoteLife.com


What is Guaranteed issue life insurance?

Guaranteed issue life insurance is life insurance that is guaranteed acceptance. That means if you apply you are guaranteed to be accepted for life insurance coverage. However, you usually have to be a certain, like 45-75. Also, the amount of coverage is not fully available until 1-2 years after you own the policy - this is called graded benefit life insurance.


What are ul life insurance policy yields for 2011?

Check your policy. With interest rates non-existant life insurance policies are often a saving place. Depending on how old the policies are they probably have a minimum interest rate. Minimum rate on most policies written after Universal Life Policies came out was 4.50% which is extremely good. Insurance companies are sticking to paying at least the minimum rate if not more.


What should I consider when purchasing a guaranteed life insurance package?

When purchasing guaranteed life insurance, you should consider whether you want to purchase guaranteed whole life or guaranteed term life. Benefits and coverage never change with guaranteed whole life. Guaranteed term life has lower premium, can be used to pay off high debt and no medical exam is needed. In addition, when purchasing guaranteed life insurance there is a waiting period before you receive full coverage, and you’re covered for a specific time period.


What is the difference between guaranteed basis and non-guaranteed basis life insurance?

Take a look at the illustrations - they should have a "caveat" similar to this. Guaranteed Contract The guaranteed Accumulated Value is equal to the net amount of premiums accumulated Values and Benefits: at the minimum guaranteed interest rate of 2.00% for ten years since receipt of premium and 3.00% thereafter. The Withdrawal Value is equal to the Accumulated Value, less any applicable Withdrawal Charges. Non-Guaranteed Contract Values and Benefit: The non-guaranteed portion of the illustration assumes higher interest rates than guaranteed. Each premium payment assumes interest is credited at 3.50% (with an interest rate bonus of 3.75% that will be credited for the first year only). This is not likely to occur. Actual results may be more or less favorable than those illustrated. Interest rates illustrated will not be less than the Minimum Guaranteed Interest Rate at any given duration. The non-guaranteed Accumulated Value is equal to the net amount of premiums accumulated at the interest rates described. The Withdrawal Value is equal to the Accumulated Value, less any applicable Withdrawal Charges.


Is interest added to the paid up value of a life insurance policy?

It's not interest but Bonus and now technically called Guaranteed Addition is added to the paid up value of a life insurance policy.But Loyalty Addition, Financial Additional Bonus (FAB) are paid at the time of maturity.


Do you have to fill out an application for group life insurance?

Yes. You may not be required to answer any health related questions as group life insurance is often guaranteed issued. The application at a minimum will include your name, address, date of birth and naturally, your beneficiary.


Can I buy guaranteed issue life insurance with no medical exam without the person knowing it?

Usually, the insurance company will require that the insured person give permission and sign the application for coverage. In addition, you must have an insurable interest on the person you want to insure for life insurance.


Does Saga Life Insurance offer guaranteed life insurance?

Yes, Saga Insurance has guaranteed life insurance policies. You must live in the U.K. and they specialize in covering people between 50 and 85. When you visit their Website and you click insurance you may not see the guarantee life policy options. You will have to click on the small word "Home" under the word Saga and then run your pointer over "Insurance" next the word Saga, when you do this a bunch of insurance options will show up then click "Guaranteed Life Insurance" and you will find all you need to know about their services. Or go to saga.co.uk/money/guaranteed-life-insurance.aspx


please define guaranteed acceptance life insurance?

This term means that you are guaranteed accepted for this insurance as long as you are able to keep the payments. There are no health questions are tests that needed to be done as with other standard life insurance.


How many tipe of life insurance is available?

Basically Perm and Term. Perm or whole life or Cash Value life can be several different types such as Single Premium Whole Life, Indexed Universal Life, Universal Life, several different variations of WL such as Interest Sensitive WL and then there are the variables. Also, the "new" term pays you all your money back in the end. Broadly there are two types of life insurance: a. Term life insurance b. Permanent life insurance Term life insurance can be further categorized into: a) Annually renewable term life insurance (ART) b) Guaranteed level term life insurance c) return of premium life insurance (ROP) While permanent life insurance can be further categorized into: a) Whole life insurance b) Universal Life insurance c) To age 100 level guaranteed life insurance d) Survivorship or 2nd- to- die life insurance