Variable Life Insurance Information San Antonio Texas TX
Reader’s Question:
A life insurance agent here in San Antonio, Texas, got me very interested into a variable life insurance policy but can you tell me more about it?
Hubert
San Antonio, TX
Variable Life Insurance is a kind of long-term or permanent life insurance policy that allows policyholders the ability to control where their money is invested. It would be very advantageous for someone who is wishing to a variable life insurances policy to at least have a working knowledge on how the stock market (as well as bonds, equities) works.
This is a form of permanent life insurance policy that comes with a cash-value feature that earns growth through interests since the life insurance company will use it as their investment money or investment capital, although most other types of permanent life insurance also have cash-value features, what’s unique about variable life is that you are able to dictate where specifically your money is invested, how much premiums you will pay annually and how many times you can move your investments around. The obvious disadvantage of this is that not everyone might be able to understand the volatility of investment markets enough to avoid bad investments and might end up losing money and lowering their policy’s cash-value.
Before buying this kind of policy there in San Antonio, Texas be sure to take some time and let a life insurance agent or broker (or some other financial professional) explain what to expect with this policy. Also see if they will provide support to their policyholders deciding which investments to choose from.
Tags: variable life insurance, life insurance information, life insurance advise
Smoking And Life Insurance San Antonio Texas TX
Reader’s Question:
I’m looking for an affordable life insurance policy, would my smoking habit in any way impact how much I will pay for life insurance here in San Antonio, Texas?
Jennifer
San Antonio, TX
This is a BIG YES! The use of nicotine substances such as Cigars, Pipes, Tobaccos, Nicotine gums and patches, Snuff, Dip, and Chews can all lead to significantly higher life insurance rates for you there in San Antonio, Texas. If you are wondering a why, use of these substances over long periods of time can substantially increase your risks of dying sooner, which is the last thing a life insurance provider would want (mind you, not that they actually care, but they would rather not pay the hefty death benefits). So, if you pose a higher risk of having an untimely death because of smoking, the more life insurance providers try to compensate for this risk by charging more on life insurance rates or premiums.
How much more could it possibly be, you ask? Well consider this, someone in his or her late-twenties to mid-thirties can get a life insurance policy with a death benefit (also known as a “Face Value”) worth half-a-million dollars for around $20 to $30 of monthly premiums (with most life insurance companies) if they are a non-smoker, whereas a smoker would have to pay $60 to $80 per month just to get the same Face Value amount under the same kind of policy. It is not too late to quit, a lot of companies actually provide incentives for quitting and may even lower your rate to that of a non-smokers after a few years of quitting.
Tags: affordable life insurance, life insurance information, life insurance advise, low cost life insurance