Life Insurance

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Life Insurance
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Content

• 1. Meaning of Life Insurance
• 2. Types of Life Insurance
• 3. Policy Features
• 4. Annuities
• 5. Permanent Health Insurance

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Meaning of Life Insurance

• What is life insurance?
• Insurance that provides compensation to your
  beneficiaries should you die prematurely.
• This is a low frequency but high severity
  risk
• It is essentially contingent financing

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Types of Life Insurance
Group
Group
Universal Life
Variable Life
Term
Whole Life
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Policy Features
Surrender Values
Paid-up Value
Features
Non-forfeiture
Suicide
Other Restrictions
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Annuities

• Immediate Annuities
• An annuity contract that is purchased with a
  single lump-sum payment and in exchange, pays a
  guaranteed income that starts almost immediately.
  
• An immediate payment annuity is especially
  suitable for retirees who are concerned about
  outliving their savings.

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Annuities

• Deferred Annuities

Earnings on a deferred annuity account are taxed
only upon withdrawal, providing the annuity with
a tax benefit. This type of annuity also
provides a death benefit, so that the beneficiary
of the annuity is guaranteed the principal and
the investment earnings.
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Permanent Health Insurance
Disability Insurance
Friendly Societies and Permanent Health Insurance
classification
Policy Conditions
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For More Information

• Blue Umbrella Financial Services
• 25 Shephard Ave. West Suite 300,Toronto, ON

Read more at http//ucoverme.com/ Phone
416-848-4581