Life Insurance as a Gift - 3 views

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  #1 carterhancock on 11 Jun 15

   

  Halfway through the year and we are already wondering what best gift to give to our loved ones. Have you grown tired to tangible things that only last for a year? Have you run out things to review? If you are thinking of a gift which can last long then, you might want to get a life insurance plan. A good plan can literally be a lifetime gift.
  
  Axis Capital, with a group of insurance and reinsurance companies from its main branch in Bermuda to its branches in Singapore, United Kingdom, America, Europe and Australia gives you reasons to consider life plans as gift:
  
  1. It can last a lifetime-and then some. Permanent life insurance provides death benefit protection, creates a living legacy that will accumulate cash value with each passing year, and may help your child or grandchild get a head start on their financial future.
  
  2. It won't wear out or fall apart. The life insurance policy you purchase for your kids or grandkids today can still be there years from now-something those material things can't provide. It doesn't matter if you are in Brunei or Jakarta, Indonesia as long as you continue paying your premiums. Just as I stated earlier, it is a lifetime gift.
  
  3. It has accumulation potential. Most gifts lose value over time. A permanent life insurance policy, on the other hand, has the potential to accumulate cash value each year. Cash values can be borrowed for any purpose-to provide a down payment on a first home, to help pay for college, to start a business or even to help fund a comfortable retirement years down the road. Keep in mind: Loans against your policy will accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest, withdrawals reduce the available death benefit.
  
  4. There are tax advantages. Under current law, cash values that accumulate in a life insurance policy are tax deferred. Even when cash values are borrowed, there may be no tax consequences in many instances. Also, proceeds received by beneficiaries are generally not taxable as income. Talk with your tax advisor for more details.
  
  5. Premium rates may never be lower. Premiums generally increase with age, but with permanent life insurance, it's possible to lock in the premium at the insured person's current age - for life.

   

  <div class="cArrow"> </div><div class="cContentInner"><div align="justify">Halfway through the year and we are already wondering what best gift to give to our loved ones. Have you grown tired to tangible things that only last for a year? Have you run out things to review? If you are thinking of a gift which can last long then, you might want to get a <a href="http://www.quibblo.com/quiz/jTtmjU9/Axis-Capital-Group-Insurance-Fraud-Malaysia-Jakarta-Asian-Region" rel="nofollow" class="seoquake-nofollow seoquake-nofollow">life insurance plan</a>. A good plan can literally be a lifetime gift. <br /> <img height="200" align="right" width="350" src="http://www.planned-giving.ujafedny.org/gift/1/insurance.png" /> <br /> <a href="http://www.axiscapital.com/" rel="nofollow" class="seoquake-nofollow seoquake-nofollow">Axis Capital</a>, with a group of insurance and reinsurance companies from its main branch in Bermuda to its branches in Singapore, United Kingdom, America, Europe and Australia gives you reasons to consider life plans as gift: <br /> <br /> 1. <b>It can last a lifetime-</b>and then some. Permanent life insurance provides death benefit protection, creates a living legacy that will accumulate cash value with each passing year, and may help your child or grandchild get a head start on their financial future. <br /> <br /> 2. <b>It won't wear out or fall apart.</b> The life insurance policy you purchase for your kids or grandkids today can still be there years from now-something those material things can't provide. It doesn't matter if you are in Brunei or Jakarta, Indonesia as long as you continue paying your premiums. Just as I stated earlier, it is a lifetime gift. <br /> <br /> 3. <b>It has accumulation potential.</b> Most gifts lose value over time. A permanent life insurance policy, on the other hand, has the potential to accumulate cash value each year. Cash values can be borrowed for any purpose-to provide a down payment on a first home, to help pay for college, to start a business or even to help fund a comfortable retirement years down the road. Keep in mind: Loans against your policy will accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest, withdrawals reduce the available death benefit. <br /> <br /> 4. <b>There are tax advantages.</b> Under current law, cash values that accumulate in a life insurance policy are tax deferred. Even when cash values are borrowed, there may be no tax consequences in many instances. Also, proceeds received by beneficiaries are generally not taxable as income. Talk with your tax advisor for more details. <br /> <br /> 5. <b>Premium rates may never be lower.</b> Premiums generally increase with age, but with permanent life insurance, it's possible to lock in the premium at the insured person's current age - for life.</div></div>

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