Insurance

[DOGS THAT BARK]

Thought this might be of interest to some. It is new way of marketing term life insurance.
Botton line is if you just buy the regular term and DO invest the difference you will come out slightly ahead in current market conditions,however if you you always intend to save difference but never do like most of us it is welcome little windfall at end of term period,especially if children are very young---forced education fund and the key is you have known amount you will get returned not some fictitious rate of return speculated in universal lifes projections.

http://story.news.yahoo.com/news?tm...80&e=3&u=/nm/20030817/bs_nm/column_finance_dc

 

[IE]

DTB, on another topic of insurance we have this noted....going to be interesting...

http://www.madjacksports.com/forum/showthread.php?s=&threadid=106667

 

[DOGS THAT BARK]

That is interesting IE. Never thought about those implications. I know especially in past 2 years we have several more forms(medical info releases) to fill out in the insurance field but never thought about it going that far.
The primary scope of the Health Insurance Portability and Accountability Act was to make insurance portable from one company to another and nix pre-ex conditions if not going without insurance for 61 one days.--it appears the 2ndary implications of the bill are having a more dramatic effect.
Can't say I blame the schools in this litigation prone society.
Could be a two edged sword though as books pipeline to that info may be curtailed and those that take time to dig into smaller schools publication or have on campus connections might gain slight edge.
I know Spang has always had very solid connections at a couple schools in the MAC maybe you can get a Madjacks log of resources from across the country

 

[dawgball]

DTB--I have never heard of the "Return of Premium" policies. Have they been around long?

Do you get all of your premiums back or just the portion over wha tyou would normally pay? To me, it sounds like a no-brainer if you can afford the premiums.

 

[DOGS THAT BARK]

Basically new Dawg. You get all your premiums back at end of contract. Several companys are marketing it the last 6 months.
Look for a broker that sells for AIG which is very strong company.
They have one of the better products. They have 15-20 and 30 year level term periods. All premiums are returned at end of term or a person can get partial return after 6 years if they don't want to wait to end of term. Premiums on riders (substandard ratings, accidental death-childrens rider ect) are not included.