Life Insurance Policies: Whole vs. Universal

life insurance

They say, “What’s in the name?” When it comes to buying a life insurance policy, name is extremely important. Each one of us is different and so are our saving requirements. Before selecting a life insurance policy, you must analyze your personal and family requirements both pre and post your death. There are two different types of permanent life insurance. This article will help you understand more about these policies so that you can make a thoughtful decision.

Whole life insurance

This insurance covers you as long as you live. Here, you need to pay the same amount of premium for a specific time to receive death benefit. Usually, this policy is kept in force for your entire life, no matter for how long you may live. This type of insurance policy provides life insurance coverage with a savings feature. As a result, you may end-up paying higher premiums initially compared to term-life insurance.


With each premium payment, your cash value increases and this savings element of your policy builds-up your cash value on a tax-deferred basis. The presence of cash value in these policies is a real benefit because you can borrow against this cash value and also use it to pay the premium amount. Whole life insurance policy is made to fulfill an individual’s long-term goals and thus it is advisable to keep it in force for as long as you are alive.

Universal life insurance
This policy is also famous as an ‘adjustable insurance policy,’ because it offers more benefits than whole life insurance, and the policy owner has the ability to reduce or increase their death benefits and premium amount as per their financial needs (after first premium payment has been made).  When it comes to death benefit, the policy owner has two options – a fixed amount of death benefit, or increasing death benefit that is equal to the face value of the policy, plus, the cash value amount.

In case of financial issues, you may stop your premiums and use your cash value to pay the premium amount. However, there should be enough money accumulated in your cash value account to cover the payment of the premiums. The alternative of policy loan is another added perk in Universal life insurance. It is imperative that you do not make regular withdrawals from your accumulated fund because that will reduce the cash value amount.

While purchasing a particular type of life insurance policy, it is important to prioritize your requirements.

To know more about Life Insurance policies visit:

Significance of a property management company

Today, almost everybody wants to earn more money in life. While people are busy in making money so that they can live a lavish and more successful life, they are not able to give much time to the other important components of their lives. One such important factor is property. In Escondido, CA there are numerous people who invest in a property with the main motive of earning high rental income by giving that property on rent. But, due to busy working schedules they are not able to give much attention to their property. In such situations, hiring the services of an Escondido property management company is considered to be the best option by most of the people.

Importance of a property management company:

Escondido property management

Before hiring the property management services in Escondido, it is necessary to understand the importance of these services. Everybody would agree on the fact that it becomes very difficult for people to take care of the tenancy and maintenance needs of their property with the busy working schedules. Keeping a property well maintained is very important as more and more people will get attracted to a property that is in good and presentable condition. Moreover, for people who cannot be always physically present to supervise their property, it becomes difficult to see to all the maintenance and repairs of their property. In such a situation, they prefer hiring the property management services so that they can be at ease by entrusting all the responsibilities of their property to the company they choose.

How to choose the best property management company?
Now, choosing the right and the most suitable kind of property management company is very essential in order to make the most of these services. For this, it is essential to look up on the internet for all the property management companies in Escondido. It is better to refer to their websites in order to know about the kind of services they offer so that you can make a good and detailed judgment.

One important factor that you should look for on the website of the company you choose is that it should provide you with highly professional and skilled Escondido CA property managers that can help you in finding the best and high quality tenants for your property after verifying their credibility regarding the rental and employment background.

To know more about the services of a property management company, Visit Here!

3 Factors to Know Before Selecting Permanent Life Insurance in Hong Kong

To make the most of your insurance, it is important to select it properly. Selecting a suitable policy requires a three-step process.

Life Insurance

1. Establish your goals for the insurance. Are you trying to replace your income for your family or other dependents for a limited time, or require to plan and save for the future?
2. Make sure you estimate the total value i.e. how much insurance you require and how much you can afford to pay for it?
3. Compare various types of insurance policies to select the one that is best for your requirements.

If you are looking for lifelong benefits, you might require permanent life insurance. To help you figure out the best possible option as per your requirements and particular situation, we have outlined 3 significant factors you need to consider when selecting permanent life insurance, Hong Kong.

1. Different types of permanent life insurance
Broadly speaking, there are about three types of permanent life insurance including whole life, variable life and universal life; however, there are a few variants within each type. Each type has different benefits for different requirements. Whole life insurance provides a fixed premium along with guaranteed cash benefits. Universal life insurance provides flexible premium payment options and variable insurance allows the policy owner to choose between mutual fund type investment options.

Permanent Life Insurance

2. Works as an investment vehicle
Most people select an insurance policy as a replacement to their income in case of their death. Permanent insurance, on the other hand, also functions as an investment strategy. It also has an added advantage of tax-favored cash growth. If you take a loan against the cash value of your insurance policy, the loan amount will not be taxable. In fact, if you withdraw the cash from the cash value of the policy, the amount will be tax-free.

3. Medical Exam
A medical exam is needed before buying permanent life insurance because of the duration of the policy. Although, permanent life insurance is an option even for those who have medical conditions or illness; there are numerous risk classes and your premium amount will be higher if you have any medical condition.

Always check the credit rating of your insurance company before buying permanent life insurance Hong Kong. If you are selecting universal life insurance or variable life insurance, you must also check out the underlying performance of the investments available from the company.

To know more about Permanent Life Insurance in Hong Kong visit:

Permanent Life Insurance Indonesia for Complete Peace of Mind

If you are unable to decide, whether you need to buy a life insurance policy or not, it is important to ask yourself this one question – “Would my death leave my family or anyone close to me in a financial bind?” If the answer is yes, it may be time to get serious about finding a suitable life insurance policy. If selected properly, life insurance can offer peace of mind, ensuring that your debts or family financial requirements will be taken care of after you are no more. Permanent life insurance is a great choice if you want lifetime insurance protection. However, before you buy an insurance policy, it is important to know more about the benefits of permanent life insurance.

Permanent Life Insurance
Life InsuranceAn insurance policy that provides lifetime protection (no expiry date), Permanent life insurance is a financially stable way to meet your family’s financial requirements after your death. However, premiums in this policy should be paid on time. Most permanent policies provide an investment component along with the insurance coverage. This component, in return, makes the premium amount much higher than those of term insurance. The investment may offer a fixed interest rate or can be in the form of bonds, mutual funds and market securities. The savings option present in the permanent life insurance policy permits the policy owner to build a cash value amount within the policy that can be easily distributed or borrowed sometime in the future.

The Characteristics
• Expensive, but beneficial
• Permanent insurance protection
• Build cash value
• Loans are allowed against the policy
• Favorable tax treatment of policy earnings
• Level premiums

There are three basic types of permanent insurance :
• Whole life
• Variable life
• Universal life

Permanent life insurance

Out of all the three, the two most common are whole life and universal life insurance. Whole life provides lifetime protection, for which the policy owner is required to pay a predetermined premium. It is the most expensive life insurance available. On the other hand, universal insurance separates the investment and the death benefit portions. In this policy, you can change your premium amount and death benefits as per your requirements.


While seeking insurance, do not rush! Select a policy that meets all your requirements and budget. When you buy life insurance, you are betting that you will live, but it also secures your peace of mind in case you do not. Look for permanent life insurance, Indonesia to protect your family in the sudden event of your death.