Life insurance policies can purchased under both term and permanent options. Differences between the two indicate that consumers should educate themselves before making a decision. A few basic guidelines are offered below.
Term Life Insurance
Term life insurance is so named because it is only valid for a specific amount of time. For example, Freedom Life Insurance may offer a policy with a 20-year term. The customer would pay monthly premiums with the expectation of a payout of benefits in the event of his or her death within those 20 years.
Freedom Life Insurance recommends a term policy under the following conditions:
Life insurance is only needed for a specific amount of time.The budget for insurance is limited.
- Life insurance is only needed for a specific amount of time. Term life allows consumers to match their insurance needs with an anticipated amount of time. A good example would be parents who want life insurance only until their children reach adulthood.
- The budget for insurance is limited. Because term life only pays benefits within a limited time frame, premiums tend to be less costly compared to permanent insurance.
It is possible to purchase a convertible policy that transitions from term life to permanent life. This is a good option for consumers who start with a limited budget but anticipate having more money to invest later on.
Permanent Life Insurance
Permanent life insurance comes in many forms including whole life and variable life. They all have one thing in common: benefits are not limited to a specific period of time. Once a policy is purchased, benefits are guaranteed for life.
Freedom life insurance recommends a permanent policy under the following conditions:
The consumer wants life long insurance protection.Insurance will be used as an investment tool.
- The consumer wants life long insurance protection. All forms of permanent life insurance guarantee benefits regardless of when the purchaser dies.
- Insurance will be used as an investment tool. Most forms of permanent life insurance serve double duty as investment tools. Premium payments add to policy value as the issuer invests those payments in order to generate returns.
Consumers should be aware that premiums for permanent policies are more expensive compared to term policies. The upside is that premium payments have an end date. Once a policy is paid in full, the consumer no longer pays into it.
One of the more dynamic names to enter the fray of the highly competitive neutraceutical industry over the last decade has been Jeunesse Global. The company has interesting roots. Founded by industry veteran power couple Randy Ray and Wendy Lewis, the company was originally meant to be little more than a way for the two owners to keep themselves busy throughout their retirement. But the couple couldn’t help delving into their new enterprise head first.
Today, Jeunesse is among the fastest-growing direct marketing companies in the world. It has tens of thousands of distributors selling hundreds of millions of dollars in products worldwide. The company started in 2009, when Randy Ray and Wendy Lewis became restless with their third attempt at retirement. The couple had both spent their entire careers in the neutraceutical and direct marketing industry, building a string of highly successful businesses that allowed them to attain independent wealth at a young age.
The couple had convinced themselves that this time would be different. They would actually step away from the industry they loved and enjoy their time together and with their children and grandchildren. However, Wendy quickly became bored. She started selling a skin care product out of the couple’s garage. Soon, Randy had jumped into the mix. Using his expertise with direct marketing and Wendy’s expertise with product development and corporate management, the couple was soon running yet another rapidly expanding business.
Jeunesse Global has grown into a direct-marketing powerhouse. The company’s flagship product is a health and beauty package known as the Youth Enhancement System. This product line consists of a number of highly innovative products that are only available through Jeunesse Global. The products have proven to be so popular that the company’s sales force has been rapidly expanding across the globe. With representatives in dozens of countries, the name Jeunesse Global is an accurate reflection of the company’s global market penetration.
Read Jeunesse Global Fastest Growing Company Year to learn more about the company.
Both Ray and Lewis continue developing new products and expanding their business into new territories. With their track record of success, Jeunesse Global will be a company to watch in the coming years. (Get Additional Information Here)
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