Short And Simple Guide To Life Insurance

Overview

A quick and easy way to learn about life insurance.

Short and Simple Guide to Life Insurance is the book to read if you want to learn about life insurance. You will learn to gauge your insurance needs. Choose wisely among the different kinds of policies. Pick the right insurance agent and company. Use your policy to escape estate taxes. Build up your cash reserves tax-free with mutual fund.

Read More Show Less ...
See more details below
Paperback
$14.29
BN.com price
(Save 10%)$15.95 List Price
Other sellers (Paperback)
  • All (4) from $1.99   
  • New (3) from $13.62   
  • Used (1) from $1.99   
Short and Simple Guide to Life Insurance

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$3.49
BN.com price
(Save 12%)$3.99 List Price

Overview

A quick and easy way to learn about life insurance.

Short and Simple Guide to Life Insurance is the book to read if you want to learn about life insurance. You will learn to gauge your insurance needs. Choose wisely among the different kinds of policies. Pick the right insurance agent and company. Use your policy to escape estate taxes. Build up your cash reserves tax-free with mutual fund.

Read More Show Less

Product Details

  • ISBN-13: 9780595144488
  • Publisher: iUniverse, Incorporated
  • Publication date: 10/20/2000
  • Pages: 240
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.55 (d)

Table of Contents

1 Understanding and Using Life Insurance 1
Who Buys Life Insurance? 2
How Life Insurance Works: The Risk Factor 3
Assessing the Risk 6
Types of Insurance Policies 10
Who Qualifies for Life Insurance? 11
Types of Insurance Companies 13
Different Kinds of Policies Serve Different Purposes 16
Special Policies 21
Special Policy Riders and Clauses 22
2 How Much Life Insurance Do You Need? 27
Take Your Financial Temperature 27
Reclaim Wasteful Spending 30
The Time Value of Money 32
How Much Insurance Do You Need? 32
3 Find an Insurance Agent--And a Sound Insurance Company 41
Let the Buyer Beware 41
What You Can Expect a Financial Planner or Insurance Agent to Do for You 42
Check Their Credentials 43
Get Referrals 45
More Ways to Tell the Good from the Bad 45
Selecting a "Solid Gold" Insurance Company 47
High Yields Mean Big Risks 47
How Healthy Is the Industry? 49
Where You Can Get Information 54
Putting It Together 56
Dropping Down in Class Can Be Profitable 58
Firms That Pay the Most Dividends at the Lowest Cost 59
The Top 30 59
4 How Much Should You Pay? 64
How Can You Tell Whether You Are Getting a Good Deal? 65
What You Should Pay for Term Insurance 66
A Word about No-Load Life Insurance 67
Several Indexes 69
5 A Picture of Your Insurance 75
Sample Illustration--Term Insurance 76
Whole Life Hypothetical Example 81
Features of Universal Life 85
Variable Life Illustration 90
There's No Free Lunch 97
6 Term Insurance 99
Why Buy Term Insurance? 100
Yearly Renewable Term versus Five-Year Renewable Term 103
Short-Term Protection 103
You Are Someone Special When You Buy a New Policy 105
Are You a Convert? 105
Tricky Conversion Features 106
Other Kinds of Term Insurance 109
7 Whole Life Insurance 115
Straight Life 115
Payment Options 118
Now You See It, Now You Don't 118
Interest-Sensitive Whole Life 120
Life Insurance as a Source of Low-Cost Loans 122
Should You Buy Term Insurance and Invest the Difference? 123
8 Universal Life Insurance 130
The Flexible Way to Buy 130
Two Flavors of Universal Life 131
A Life Cycle Insurance Policy 133
What You See Is What You Get When You Purchase Universal 135
There Are Drawbacks 136
Tax-Free Pension Money 141
9 Variable Life Insurance 144
How Variable Life Insurance Works 145
Not All Mutual Funds Are Alike 149
10 Annuities 159
What Is an Annuity? 159
Different Kinds of Annuities 160
The Downside 162
The Pros and Cons of Different Types of Annuities 162
Taking Payments from Your Annuity 165
Finding a Low-Cost Variable Annuity 166
Combination Annuities 168
Be Leery of Death Benefit Guarantees 169
CD Annuities 170
High Yields That Are Safe and Tax-Free 170
Fixed-Rate Annuities versus Municipal Bonds 171
Annuity Tax Benefits 173
11 Diversifying Your Variable Life and Annuity Mutual Fund Portfolios 176
Advantages and Disadvantages of Variable Annuities 177
What Mutual Funds Do for You 178
Types of Mutual Funds: A Fund for All Seasons 179
You Need a Bridge over Troubled Waters 184
Diversification Saved Money during the 1987 Crash 185
The 1990 Stock Market Correction 186
Over Ten Years, Diversification Worked 187
Your Risks and Mix of Mutual Funds 187
Review Your Investments 191
Conclusion 191
12 How You or Your Beneficiaries Get Paid 193
Cash Settlement 193
Collect Just the Interest 194
Get Money for a Fixed Period 194
Life Income Option 195
Life Income with a Cash Refund or Period Certain 196
The Joint Survivor and Life Income Option 197
13 Creative Uses of Life Insurance 201
Borrowing against the Cash Value 201
An Extra Source of Retirement Income 202
You Create an Estate 203
Avoiding the Pension Trap 204
Estate Tax Planning 207
Immediate Annuities for Extra Income 208
Glossary 211
Index 225
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)