What is Infinity Life Insurance?
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Infinity Life Insurance is a new term for a life insurance policy that allows its policy holder to choose any number of payments as the basis for the policy's terms. With the use of these terms, the death benefits of the policy is increased. These benefits are paid to whomever the beneficiary was meant for in the first place. The beneficiaries may be chosen from among group members, family members, or other specified individuals. If any of these options are unavailable, the payment of the death benefits is made to the estate of the insured person.
For those who would want to get this kind of life insurance but lack financial means to do so, there is another way to go about getting it. That is, taking out a Life Settlement. With this method of getting a life insurance policy, the policy owner makes an offer to an insurer and asks for the release or transfer of some of his assets to cover the payment of a particular amount due on a policy. With the assets thus secured, the life insurance company decides on a level of the benefit to be paid out. It is not uncommon at all for these amounts to exceed the cash value of the policy.
Infinity Life Insurance is different from ordinary Life Insurance in that it stipulates that the death benefits continue for as long as the policy owner wants to keep it. This can only be done if the premium payments are made in good time. In contrast to ordinary policies, a premium payment is only made once and is due at the moment the policy is signed. Therefore, no death benefits will accrue because the premium has not yet been paid.
The policy holder may change his mind at any point and decide to surrender the policy. However, he will still have to pay the premiums which will continue until the policy expires. Since the death benefits are paid to the beneficiaries, it is advisable to set up procedures in place to make sure that the beneficiaries actually get their payments. For example, if one of the beneficiaries has an emergency, they could be contacted to make sure that the funds are available when they need it most.
Most policies do not stipulate how the money will be disbursed or who the beneficiary is. Infinity Life Insurance does not put any restrictions on the beneficiary or how he or she may communicate their needs to the insurance company. They simply receive payment for the policy and that is it. The company will ensure that the beneficiaries are properly taken care of, should an emergency arise. However, even this is left to the discretion of the insured.
Infinity Life Insurance has a stipulation that the policy holders must be over the age of 65. The policy will only issue death benefits to a non-smoker. If a smoker makes use of tobacco products and starts smoking, the policy holder can stop smoking, but then no new policy can be issued until after six months from the date of stopping the smoking. This is a very important stipulation in that it protects the beneficiary of an insured party from losing too much income during the time of his or her death. A smoker will receive less death benefits than a non-smoker because of this stipulation.
The policy can be converted into a variable life policy. There are many benefits to doing this and it allows the insured to control how much money they would like to leave their loved ones upon their death. The beneficiary can then make monthly payments based on a percentage of the death benefits left in the policy. There is also an option that allows the policy holder to convert their policy into a Universal Life Policy, which has some very nice features to protect the beneficiary even further. This converts the policy into a more universal plan, which allows the beneficiary more protection for any type of accident or health risk.
egg insurance of these wonderful features of an Infinity Life Insurance policy to make it a very attractive policy to anyone that is looking for a way to protect their family and loved ones for a long time into the future. With the money back guarantee and the ability to create a customized policy, any person can have peace of mind knowing that they have an insurance policy that will protect them and their loved ones for as long as they have lives. Anybody that is looking for a great way to protect their family and get a little extra money back on their policy should take a look at the Infinity Life policy.
For those who would want to get this kind of life insurance but lack financial means to do so, there is another way to go about getting it. That is, taking out a Life Settlement. With this method of getting a life insurance policy, the policy owner makes an offer to an insurer and asks for the release or transfer of some of his assets to cover the payment of a particular amount due on a policy. With the assets thus secured, the life insurance company decides on a level of the benefit to be paid out. It is not uncommon at all for these amounts to exceed the cash value of the policy.
Infinity Life Insurance is different from ordinary Life Insurance in that it stipulates that the death benefits continue for as long as the policy owner wants to keep it. This can only be done if the premium payments are made in good time. In contrast to ordinary policies, a premium payment is only made once and is due at the moment the policy is signed. Therefore, no death benefits will accrue because the premium has not yet been paid.
The policy holder may change his mind at any point and decide to surrender the policy. However, he will still have to pay the premiums which will continue until the policy expires. Since the death benefits are paid to the beneficiaries, it is advisable to set up procedures in place to make sure that the beneficiaries actually get their payments. For example, if one of the beneficiaries has an emergency, they could be contacted to make sure that the funds are available when they need it most.
Most policies do not stipulate how the money will be disbursed or who the beneficiary is. Infinity Life Insurance does not put any restrictions on the beneficiary or how he or she may communicate their needs to the insurance company. They simply receive payment for the policy and that is it. The company will ensure that the beneficiaries are properly taken care of, should an emergency arise. However, even this is left to the discretion of the insured.
Infinity Life Insurance has a stipulation that the policy holders must be over the age of 65. The policy will only issue death benefits to a non-smoker. If a smoker makes use of tobacco products and starts smoking, the policy holder can stop smoking, but then no new policy can be issued until after six months from the date of stopping the smoking. This is a very important stipulation in that it protects the beneficiary of an insured party from losing too much income during the time of his or her death. A smoker will receive less death benefits than a non-smoker because of this stipulation.
The policy can be converted into a variable life policy. There are many benefits to doing this and it allows the insured to control how much money they would like to leave their loved ones upon their death. The beneficiary can then make monthly payments based on a percentage of the death benefits left in the policy. There is also an option that allows the policy holder to convert their policy into a Universal Life Policy, which has some very nice features to protect the beneficiary even further. This converts the policy into a more universal plan, which allows the beneficiary more protection for any type of accident or health risk.
egg insurance of these wonderful features of an Infinity Life Insurance policy to make it a very attractive policy to anyone that is looking for a way to protect their family and loved ones for a long time into the future. With the money back guarantee and the ability to create a customized policy, any person can have peace of mind knowing that they have an insurance policy that will protect them and their loved ones for as long as they have lives. Anybody that is looking for a great way to protect their family and get a little extra money back on their policy should take a look at the Infinity Life policy.
