LIFE INSURANCE FOR THE LIVING

Finally Something New in Low Cost Life Insurance

Living Benefit Term Life Insurance from Transamerica*

The author ,Randy Taylor has advised consumers on life insurance planning for 21 years while also advising financial planners, stock brokers, and insurance agents on product selection for an additional 10 years. Ca. License #0643596

* Not an offer of insurance and see a specimen policy for complete details while also consulting

with your financial advisors including tax professionals or attorneys before making decisions.

Much easier to apply for than traditional term insurance plans.

No blood test, no exam , and application can be taken online if you are in normal good health, and applying for less than $500,000 at ages 60 years old or younger.

More than just a death benefit

Terminal Illness payout: One of the ways that you can access tax free money when you need it most.

Should you be diagnosed with a terminal illness; you can ask for a small amount or most of the death benefit to be paid out to you while you are still alive. See your tax person for advice but consider that the advance is normally tax free and can be used for any purpose.

Critical Illness Benefit: (Not available in all states. Check with your insurance agent)

Should you be the victim of a stroke or heart attack you can also access part of the death benefit while alive; even you are not terminally ill as a result of the life event.

Of course once the policy is issued, you can select the guaranteed level premium period that best

suits yours needs and age. Guarantee periods can be as long as 30 years or as short as 10 years; depending on your age.

Suitable for Business or Personal Use: Shorter term periods are often ideal for partnership buy-sell agreements and longer term periods are available for needs such a mortgage payoff insurance.

In summary, you now have low cost term life insurance that allows you to replace all or part of income that would be lost if you had a life threatening event and need cash or an affordable traditional death benefit for your beneficiaries.

Article submitted by Randy Taylor, 10/31/2014 . Copyright: Creative Commons

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Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983

Risk Management, often overlooked in Retirement Planning

Why You Shouldn't Put the Cart Before The Horse

Whether your projected retirement date is 30 years from now or in the near future,it is
absolutely essential that  you protect yourself against all types  of  financial loss that could
possibly erase years of cash accumulation with  just one negative circumstance.

Key areas to address before investing for retirement:

Disability  income insurance  Insuring yourself against loss of income:  Disability  income insurance can supply income without interruption all the way to age 65 if you have the right insurance carrier and insurance contract. Ask your agent/advisor about an "own occupation definition of disability."

Pre-paid legal assistance:  One lost  civil suit or I.R.S. audit can erase years  of savings or destroy business assets. I use the monthly service provided by Legal Shield . Pricing & details here at www.legalshield.com/info/taylorr

Identity theft protection:  Several companies offer  continuous credit monitoring for about $10.00 per month. Identity Shield, one option, includes having professional people write the letters and make the  phone calls to also reinstate your credit to where it was 60 days before the invasion. Details at: www.legalshield.com/info/taylorr

Life insurance designed to replace income loss: The family of  a 30 year old  that died by natural causes or an accident; would lose around $1,000,000 !! even if that person only earned  $30,000 per year and would have otherwise been able to work until age 65. A broker can design an inexpensive solution to  this.

Protection against investment risk:  It is not enough to be  diversified since that does not protect against  loss; instead it just  spreads the risk. You can search for bank c.d. or money market rates if you want to have some money liquid at  www.bankrate.com . It you are nearing retirement you also haveover 1.200 companies in most states that will compete for your retirement money with annuity products that feature:  Safety of principal, tax deferral, and freedom from fees if held until the term end or if they are used for lifetime income payments. An "income rider" can be added to fixed indexed annuity accounts that will then add  a guaranteed crediting to the account combined  with guaranteed lifetime payments. See your advisor for specific  advice  that  relates to your situation.

None of the above comments are meant to  be income advice. Always consult with your financial advisor,and/or your insurance agent,tax man,or attorney before making financial decisions.
However, in this difficult  economy in particular; proctect yourself and your family by using basic risk management strategies.

Author: Randy Taylor Lic. #0643596 Creative Commons Copyright 10/15/2014
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Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983