which insurance plan is the best???
- 主题发起人 法兰"西多事"
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Be sure to ask about disability insurance, more than 90% of worker will disability for more than 90 days at least once in their life.
Go to an broker, you will have more choices. Ask more than 1 agent for options. Ask your friend to recommend. I can give you a read if you have any question.
Go to an broker, you will have more choices. Ask more than 1 agent for options. Ask your friend to recommend. I can give you a read if you have any question.
but i hear aboout some person said will increase your monthly payment some time such as universal life, so what is that i don't want pay $300 for after 30 year if i buy universal.
expamle:
a person who buy a 200,000 universal life, $50 per month after 20 year she may have saving on her account $20,000 she don't want pay anymore that mean insurance company will charge monthly for saveing blance account it's it? or if she pay monthly payment till die will she get back all 200,000+saving
expamle:
a person who buy a 200,000 universal life, $50 per month after 20 year she may have saving on her account $20,000 she don't want pay anymore that mean insurance company will charge monthly for saveing blance account it's it? or if she pay monthly payment till die will she get back all 200,000+saving
different company has their own feature, most of them do not get face amount and saving in case of death. Therefore, people thinks its ok to let them dip into their savings~
Be sure to exercise your review period after the policy has been issued. You can return if if the policy is not what you ask, and/or different than what the agent said.
Be sure to exercise your review period after the policy has been issued. You can return if if the policy is not what you ask, and/or different than what the agent said.
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the advantage of term insurance
1, Low cost(less than life and universal)
2, Renewability and convertibility (can be renewed and converted without medical exam)
3, Death benefit is tax-free
Disadvantage of term
1, Savings not provided(if terminated, no premiums are returned)
2, no collateral (cannot be used as a collateral for a loan)
3, more expensive with age
4, Inefficient for estate planning
1, Low cost(less than life and universal)
2, Renewability and convertibility (can be renewed and converted without medical exam)
3, Death benefit is tax-free
Disadvantage of term
1, Savings not provided(if terminated, no premiums are returned)
2, no collateral (cannot be used as a collateral for a loan)
3, more expensive with age
4, Inefficient for estate planning
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Advantage of whole life
1, Dividend -can reveive dividend through participating policy
2, a portion of each premium is saved in the reserve and earn interest
3, Can borrow form the cash surrender value(CSV)as a policy loan, a loan does not cancel the policy.
4, the CSV can be used as a collateral for a loan in a lending institute(such as bank)
5, Favourible tax treatment- cash values in the policy grow on a tax-deferred basis (like RRSP)
Disadvantage
1, High initial cost(level premium)
2, Less insurance-the same premium buys a less face amount than term insurance
3, Death benefit may be reduced if there is a policy loan outstanding
4, Inflation risk- the saving rate of the policy is usually lower than the annual inflation rate.
5, Tax of capital gain-when policy owner prtially or totally surrender the cash value,he or she must prepare to pay income tax
1, Dividend -can reveive dividend through participating policy
2, a portion of each premium is saved in the reserve and earn interest
3, Can borrow form the cash surrender value(CSV)as a policy loan, a loan does not cancel the policy.
4, the CSV can be used as a collateral for a loan in a lending institute(such as bank)
5, Favourible tax treatment- cash values in the policy grow on a tax-deferred basis (like RRSP)
Disadvantage
1, High initial cost(level premium)
2, Less insurance-the same premium buys a less face amount than term insurance
3, Death benefit may be reduced if there is a policy loan outstanding
4, Inflation risk- the saving rate of the policy is usually lower than the annual inflation rate.
5, Tax of capital gain-when policy owner prtially or totally surrender the cash value,he or she must prepare to pay income tax
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Advantage of Universal Life
1, It is good for estate planning
2, Policy owner is able to manage the cash reserve to take advantage of investment opportunities (such as GICs,mutual funds, segregated funds)
3, Protection of credit- no matter during life time or on death, the CSV of policy cannot be claimed by the creditor
4, Death benefit is received tax-free
Disadvantage
1, Increasing the face amount of add new life insured to the policy require evidence of insurebility(like medical exam)
2, Premium requirement--premim must be paid for the life time of the policy owner
3, Death benefit value will vary depending on the performance of underlying investments
4, No direct investment in stocks or bonds
5, Higher administration fees than term and whole life insurance
6, Requirement for investment knowledge.
1, It is good for estate planning
2, Policy owner is able to manage the cash reserve to take advantage of investment opportunities (such as GICs,mutual funds, segregated funds)
3, Protection of credit- no matter during life time or on death, the CSV of policy cannot be claimed by the creditor
4, Death benefit is received tax-free
Disadvantage
1, Increasing the face amount of add new life insured to the policy require evidence of insurebility(like medical exam)
2, Premium requirement--premim must be paid for the life time of the policy owner
3, Death benefit value will vary depending on the performance of underlying investments
4, No direct investment in stocks or bonds
5, Higher administration fees than term and whole life insurance
6, Requirement for investment knowledge.
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since both of you are young,and no dependents(you didn't mention), it may be suitable for you to buy a Term-to-100, Joint and Last survivor Universal Life Insurance. Term-to-100 requires constant premium payment. Joint and Last survivor means once you or your spouse pass away, the death benefit will passed on to the survivor.
EXAMPLE:HOW DO YOU THINK?EXPENSIVE OR NOT?
(TERM INSURANCE)--30 YEAR
MALE 28 $380,000 $80/M SMOKER
FEMALE 26 $250,000 $23/M NON-SMOKER
(UNIVERSAL LIFE)--LEVER TERM
MALE 28 $250,000 $100/M
$200,000 $82/M
$100,000 $43/M
FEMALE 26 $250,000 $50/M
--有谁知道哪家公司或BROKER会比较好吗?
--如果买TERM 30 YEAR过后就没保障了,然后再买会比之前贵吗?
--LEVER TERM 是指终身每个月都PAY 一样的钱不变吗?要PAY到我去世吗?还是可以到35年后不用PAY了呢?
--是否INSURANCE AGENT卖UNIVERSAL OR WHOLE LIFE保险但他们自己只买TERM, 说UNIVERSAL LIFE OR WHOLE LIFE不好?
--比较以上两人的情况是买TERM,UNIVERSAL OR WHOLE LIFE 好呢?
(TERM INSURANCE)--30 YEAR
MALE 28 $380,000 $80/M SMOKER
FEMALE 26 $250,000 $23/M NON-SMOKER
(UNIVERSAL LIFE)--LEVER TERM
MALE 28 $250,000 $100/M
$200,000 $82/M
$100,000 $43/M
FEMALE 26 $250,000 $50/M
--有谁知道哪家公司或BROKER会比较好吗?
--如果买TERM 30 YEAR过后就没保障了,然后再买会比之前贵吗?
--LEVER TERM 是指终身每个月都PAY 一样的钱不变吗?要PAY到我去世吗?还是可以到35年后不用PAY了呢?
--是否INSURANCE AGENT卖UNIVERSAL OR WHOLE LIFE保险但他们自己只买TERM, 说UNIVERSAL LIFE OR WHOLE LIFE不好?
--比较以上两人的情况是买TERM,UNIVERSAL OR WHOLE LIFE 好呢?
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SORRY FOR LATE
问题比较多，我一个一个解答吧
Q: 如果买TERM 30 YEAR过后就没保障了,然后再买会比之前贵吗?
A：
是的，如果你在TERM 30 过期失效后再重新申请的话保险公司会根据你30年后的年龄和健康状况来计算你的保费，所以会比目前的要高。如果你的TERM 30 有R&C option(renewable and convertible) 的话,可以在一定的年龄之前RENEW 或者转成WHOLE LIFE的保险，但是RENEW或者CONVERT的时候也同样是按照你当时的年龄和健康状况来计算保费所以应该会比当前的TERM要高。
问题比较多，我一个一个解答吧
Q: 如果买TERM 30 YEAR过后就没保障了,然后再买会比之前贵吗?
A：
是的，如果你在TERM 30 过期失效后再重新申请的话保险公司会根据你30年后的年龄和健康状况来计算你的保费，所以会比目前的要高。如果你的TERM 30 有R&C option(renewable and convertible) 的话,可以在一定的年龄之前RENEW 或者转成WHOLE LIFE的保险，但是RENEW或者CONVERT的时候也同样是按照你当时的年龄和健康状况来计算保费所以应该会比当前的TERM要高。
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Q: LEVER TERM 是指终身每个月都PAY 一样的钱不变吗?要PAY到我去世吗?还是可以到35年后不用PAY了呢?
A: Yes,Yes,and No
LEVEL TERM是指终身每个月都PAY一样的钱不变，而且终身FACE AMOUNT不变，也就是赔偿的金额不变。如果是WHOLE LIFE的话有一种叫 LIMIT PAY WHOLE LIFE。也就是PAY一定年数之后就不用PAY了。比如说35年的话就叫
35-PAY WHOLE LIFE.或者你可一选择一种叫Payments-to-age-65.也就是说PAY 到某个年龄之后就不用PAY了，年龄可以变不一定是65。当然这两种的保费肯定要比LEVEL TERM的要高，但总额是一样的，就是先交和后交的区别。
A: Yes,Yes,and No
LEVEL TERM是指终身每个月都PAY一样的钱不变，而且终身FACE AMOUNT不变，也就是赔偿的金额不变。如果是WHOLE LIFE的话有一种叫 LIMIT PAY WHOLE LIFE。也就是PAY一定年数之后就不用PAY了。比如说35年的话就叫
35-PAY WHOLE LIFE.或者你可一选择一种叫Payments-to-age-65.也就是说PAY 到某个年龄之后就不用PAY了，年龄可以变不一定是65。当然这两种的保费肯定要比LEVEL TERM的要高，但总额是一样的，就是先交和后交的区别。
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Q：比较以上两人的情况是买TERM,UNIVERSAL OR WHOLE LIFE 好呢
A: 你给了TERM 和 UNIVERSAL LIFE两种，其实我觉得关键是取决于你们买保险的目的和经济状况。WHOLE LIFE和UNIVERSAL LIFE的区别相对来讲不是很大，但是这两者和TERM的区别就比较大，29岁的话30年后就是59岁差不多退休（假设做到60而不是65）可以享受退休金和CPP，OAS，RRSP等而不必担心资金来源，此时如果不想给孩子留下点遗产的话，保险的意义就不大了，可以让它失效。而且TERM 的报费相对比较低，这种情况下TERM比较适用。
但是如果先生的退休金比较高，太太的比较低的话，那么买WHOLE LIFE和UNIVERSAL LIFEA就比较合适，由于太太的年纪轻一点，所以如果先生去世的话那太太还是需要有资金来源，这种情况下可以买WHOLE LIFE，然后受益人为太太，那样在先生去世后太太的生活还是会有保障，而且WHOLE LIFE可以作为遗产让孩子继承而不用担心遗产税。
UNIVERSAL LIFE比较灵活一点，可以在一定范围内自己修改保费和赔偿金额，甚至还可以增加保险人数（with medical exam）同时它还带有一定投资的效果，所以风险比WHOLE LIFE要大一点。投保人可以自行选择投资的类型比如 GIC，MUTUAL FUND, SEGREGATED FUND.
A: 你给了TERM 和 UNIVERSAL LIFE两种，其实我觉得关键是取决于你们买保险的目的和经济状况。WHOLE LIFE和UNIVERSAL LIFE的区别相对来讲不是很大，但是这两者和TERM的区别就比较大，29岁的话30年后就是59岁差不多退休（假设做到60而不是65）可以享受退休金和CPP，OAS，RRSP等而不必担心资金来源，此时如果不想给孩子留下点遗产的话，保险的意义就不大了，可以让它失效。而且TERM 的报费相对比较低，这种情况下TERM比较适用。
但是如果先生的退休金比较高，太太的比较低的话，那么买WHOLE LIFE和UNIVERSAL LIFEA就比较合适，由于太太的年纪轻一点，所以如果先生去世的话那太太还是需要有资金来源，这种情况下可以买WHOLE LIFE，然后受益人为太太，那样在先生去世后太太的生活还是会有保障，而且WHOLE LIFE可以作为遗产让孩子继承而不用担心遗产税。
UNIVERSAL LIFE比较灵活一点，可以在一定范围内自己修改保费和赔偿金额，甚至还可以增加保险人数（with medical exam）同时它还带有一定投资的效果，所以风险比WHOLE LIFE要大一点。投保人可以自行选择投资的类型比如 GIC，MUTUAL FUND, SEGREGATED FUND.
