[寻找] 想买Universal Life Insurance, 请问选择那家公司好?
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Sahara snow
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We chose RBC for three of us including our little one. The insurance rate is not increasing with the age. Every month we pay the fixed amount of money.
Insurance demands vary from person to person.
There's general infomation.
http://www.finance.cch.com/text/c30s15d060.asp
There's general infomation.
http://www.finance.cch.com/text/c30s15d060.asp
oread
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I wouldn't buy universal life period, opt for term ba.
http://www.comefromchina.com/newbbs/showthread.php?s=&threadid=347171
http://www.comefromchina.com/newbbs/showthread.php?s=&threadid=347171
Time&money
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For UL, here are some of the factors you should know:
1) Cost of insurance:
Level to 100: Guaranteed no future increase in your life time;
Increasing: 1 year: the cost increases every year;
10 year, it increases every tenth year.
Some companies set up the cost between minimum to maximum. You should read your policy to find find what you have.
2) Administration fee: It varies from $6 - 12/month from company to company.
3) Death Benefit:
Increasing: The amount of coverage + savings (Funds)
Level: If you buy $1,000, 000 today, by age 90 or 100, the benefit is still $1,000,000.
4) Premiums: You can pay monthly or annually. The amound is from minimum to maximum ( $100 - 450/month). The minimum anount must cover the cost of insurance, administration fee, other cost including provicila taxes, and surrender charge.
For UL, you are buying term and invest the difference. Any extra premiums you pay into UL will be invested for you according to your instruction. The investment return is tax deffered.
Besides, UL is a very good product for family coverage as you only pay one policy fee. For whole ife, on the other hand, if you have a family of 4, you will pay $40 for 4 policies.
Where should you buy? It depends on your needs. For example, if you want to 10, 15, or 20 years and Guarantee No payment after, you should buy from National Life. If you want to pay life time and have more investment options, Manulife, Great West Life, or Canada Life have very good plans.
Hope this will answer your questions. If you would like to know more, please feel free to email or call: 224-5573. Thank you for your time.
1) Cost of insurance:
Level to 100: Guaranteed no future increase in your life time;
Increasing: 1 year: the cost increases every year;
10 year, it increases every tenth year.
Some companies set up the cost between minimum to maximum. You should read your policy to find find what you have.
2) Administration fee: It varies from $6 - 12/month from company to company.
3) Death Benefit:
Increasing: The amount of coverage + savings (Funds)
Level: If you buy $1,000, 000 today, by age 90 or 100, the benefit is still $1,000,000.
4) Premiums: You can pay monthly or annually. The amound is from minimum to maximum ( $100 - 450/month). The minimum anount must cover the cost of insurance, administration fee, other cost including provicila taxes, and surrender charge.
For UL, you are buying term and invest the difference. Any extra premiums you pay into UL will be invested for you according to your instruction. The investment return is tax deffered.
Besides, UL is a very good product for family coverage as you only pay one policy fee. For whole ife, on the other hand, if you have a family of 4, you will pay $40 for 4 policies.
Where should you buy? It depends on your needs. For example, if you want to 10, 15, or 20 years and Guarantee No payment after, you should buy from National Life. If you want to pay life time and have more investment options, Manulife, Great West Life, or Canada Life have very good plans.
Hope this will answer your questions. If you would like to know more, please feel free to email or call: 224-5573. Thank you for your time.
I will avoid Universal Life at all cost!
I am not againist any company or sale agent but simply pickup one of your friend's Universal Life policy and read the term and condition. You will find out lots of reason.
The setup of insurance Policy term and condition are meant to be messy. Unless is trained, otherwise its so hard to understand.
Free reading is provided~ If you have any question regarding your policy, I will try to explain for you. Cannot trust everything that your agent said, bottom line, get a 3rd person to read.
QQH me if needed.
I am not againist any company or sale agent but simply pickup one of your friend's Universal Life policy and read the term and condition. You will find out lots of reason.
The setup of insurance Policy term and condition are meant to be messy. Unless is trained, otherwise its so hard to understand.
Free reading is provided~ If you have any question regarding your policy, I will try to explain for you. Cannot trust everything that your agent said, bottom line, get a 3rd person to read.
QQH me if needed.
