Life Insurance 101

Learn the basics about life insurance in a flash. Hear from a one of the nation's top insurance advisors who will explain why life insurance is so important, help demystify the life insurance process and quickly provide you with a good understanding of important insurance terms and concepts.

http://www.lifehappens.org/insurance-101-videos/life

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[steveraven100]

Video is good, but with one misleading fact. Permanent insurance is NOT permanent. If you look at your Contract a.k.a. Policy, it shows how they calculate your MONTHLY expense. As EACH YEAR passes, the amont goes up. This clearly shows that "permanent" insurance gets more expensive every year. Sure, the only 'charge' you a set amount every month, but the fact is the insurance gets more expensive. Any amount due over what you are actually sending ins is deducted from the cash value

[LIFEfoundation]

@steveraven100 A permanent policy with a fixed premium can be designed to either maximize the death benefit, the cash value or do a combination of both. Yes, mortality charges go up as a person ages, but the advantage of permanent insurance is a fixed premium with the expenses spread out over the life of the policyholder, in this case, the lifetime of the insured. You pay more at the beginning in order to pay less out of pocket in later years.

[CarMon7770]

This was very informative. I think it's best to be prepared you never know what's going to happen. Better safe than sorry. I found some more information on Globe Life Insurance FB page. It really is affordable.

[jjayinla]

Great info! I really think it's time I get life insurance and make sure my family is protected. You can never be too prepared for those unexpected moments. I'm going to sign with Globe Life Insurance; great rates and service!

[WhyFlowerBack]

Thanks for sharing.

[calcularhipoteca]

great video

[calcularhipoteca]

thanks for the video

[TheMontagu11]

I've been a financial planner for almost 20 years and I have 2 issues in what would be a fantastic explanation of life insurance. 1) Pure life insurance should not be used as an investment because those rates of returns are usually poor 2) Whole life is so expensive that I never recommend it over Term. There is such a thing as renewable term that doesn't require a medical exam.

[whitedarlene]

Fantastic overview of Life Insurance

Thank You!!!

[StevePotman]

Nice video