Whole Life Insurance Plan

Life insurance plans

Word insurance is something everyone is well aware of. Today's world needs insurance for everything, be it human, goods, company, job, health, education even government needs insurance. No one can avoid insurance.

In India we have many insurance players; local, national and international. They offer different life insurance plans, plans to cover your education, insurance plans for wedding, insurance plans for health. Indeed this is a requirement for our society. Companies in India are mainly worked for life insurance plan so far till last 3 - 4 years.

Now the need of life insurance is mass, we just can't have only life insurance plan, we need different life insurance plans for our other needs as well. Companies like LIC of India (Life Insurance Company of India) are well known and have got the best reputation in market, they are the oldest insurance providers in India and having that advantage, they are the biggest company till now. This company have branch even in the smallest town of India.

Life insurance plans need to be carefully examined before opting for that. You need to know your requirements, your present earning, about your family and dependability of family on you. Just think how much you are spending on your family? How much money actually you need to spend, and in case you are not able to give that, what is the amount you will need so you can support them for life?

Big question! Is not it? Now you need an insurance calculator that is available online here: http://insuremegenie.com/Calculator/Calci_HLV.aspx

Once you know what you are worth, you can select a life insurance plan, there are different websites offering this option to compare life insurance plans, you can check and apply online here http://www.insuremegenie.com/

This website insuremegenie.com offers free service; you can compare different life insurance plans, companies and even apply online.

Not only life insurance but they offer information about other insurance plans like, health insurance, child plans, education plans, wedding plans, protection plans and much more.

Its always good to have background information on life insurance plans before going for it, and this website insuremegenie.com offers that all. You need to spend about 30 minutes to go through this website and apply online.

I recommend them because I have used this website many times and information was just perfect, latest industry information, latest insurance company trends, everything you would like to know about life insurance plans.

Insuremegenie.com is a web initiative of PRAXIS Financial Management Pvt. Ltd to bridge the information gap in the insurance industry. They have head office in Bangalore, India.

This company offers information for agents, end users and even scope of business for insurance companies. Company is based in Bangalore that is another reason for me to recommend them because I am from Bangalore.

Hence; give a chance and check this website before taking any decision or else you might not have second change. Insurance is something people take once in life. I myself did a full research on different insurance plans before going for life insurance I have.

For more information on Life insurance plans you can visit our website http://www.insuremegenie.com/Default.aspx

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if anyone knows about investing money, could you tell me what would be good for me?
I have a 2 yr old & a 9 yr old and I'm pretty strapped for cash but I would like to put a little bit of money aside for them for when they're older. I have heard of the Gerber Grow Up Plan whole life insurance plan and that looked pretty good to me but I really have no idea about any other options I have.

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Anyone know much about New York Life's Custom Whole Life Insurance Plan?
From what I've read it sounds like a really good idea if you have young children. You can buy a plan for them. For example: A death benefit worth $500,000. You pay for the first five years only. The catch is that the annual fees is pretty expensive for many people. It's about $11,000 per year for 5 years. However, After the five years you pay nothing and by the time the child goes to college the cash value of the plan can pretty much cover most of not all of their college expenses. If you are lucky, and you keep the plan rolling it would be worth about 1.4 million by the time your child hits 60. So by starting young you are actually taking care of their retirement. Here is what I think is also a good thing about it, You can redeem the policy at any time, so if you are short of cash for your own retirement, you can redeem the policy that was intended for your child and use it for yourself. If I lived to 70 years old the policy would be available to fund your own retirement. anyone else here about this plan? Any thoughts? It sounds like a good idea for those who have or are expecting to have children. Opinions please! In response to Rahnside answer, it is not just about insuring them (death benefit) It's about securing their future and if need be having an emergency fund for me and my wife's whether it be retirement or helping our kids pay for their college tuition. I can insure them for whatever amount I want it doesn't have to be $500,000. But obviously, the more I pay in 5 years the bigger the cash value years down the line.

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Insurance confusion - dividends and cash value?
I'm extremely confused about something. In whole life insurance plans, where, exactly, do the dividends come from? What do they do, and can you save them up? Do they pay out immediately? Also, where does the cash value come from? Does it come from the premiums you pay? Besides being able to take it out (surrender), what does the cash value do?

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