Ana Sayfa · Life Insurance

If I say "I do"

A few reasons to get life insurance if you’re about to tie the knot. If you’ve found the love of your life, congratulations! Of course, we know that when you say the words “I do†you won’t be thinking about life insurance. But there are plenty of reasons—some obvious, some not—why you should keep life insurance in mind. Here are just a few. If you have a significant other, life insurance can help you: Provide for your loved one, no matter what. People generally buy life insurance to make sure their families and other financial dependents—such as aging parents—are provided for, should they pass away. This is very important, since losing you may also mean that your family loses its primary source of income. Life insurance will help ensure that your family’s needs and comforts are met. Keep your surviving spouse out of debt. Surviving spouses can often be left with a significant financial burden. Life insurance can help alleviate that burden by covering things like funeral costs, outstanding debt, estate taxes and everyday living expenses. Plan your future together. If you buy a life insurance policy with cash value, you can use the cash value to help finance big-ticket items such as your child’s college education and, someday, retirement.1 Fill in the gaps. Even if you already have life insurance through work, you may need more to cover your new family. We can work with you to make sure there aren’t any gaps in your current coverage. How Permanent and Term Life Insurance can help you plan for your ifs. As you and your spouse build a life together, it’s important to have a life insurance policy that will help you protect your family from debt, realize your financial goals, and plan for the ifs in life. You may consider Permanent Life Insurance, which provides a lifetime of protection, flexible payment options, and cash value that can be used for any reason you choose—such as your child’s education, or in case unexpected challenges come your way. You may also consider Term Life Insurance, which offers an inexpensive way to protect your family for a specified period of time, and can help ensure that you have the right amount of coverage when you need it. Give our Representatives a call—or learn more on your own. Talk to us. We’ll answer your questions and help you determine how much life insurance you and your family need, and what type is appropriate. If you’d like, you can have a MetLife Representative contact you or we can help you find a MetLife Office. You can also learn more about Permanent Life Insurance and Term Life Insurance on your own. Life insurance issued by Metropolitan Life Insurance Company, New York, NY, 10166, MetLife Investors USA Insurance Company, Irvine, CA, 92614 (except in NY), and First MetLife Investors Insurance Company, New York, NY (NY only), members of the MetLife family. Like most insurance policies, MetLife's have exclusions, reductions of benefits and limitations and terms for keeping them in force. Your representative will be happy to provide you with the costs and details. 1 Cash values can be accessed through loans and/or withdrawals, but these are likely to reduce death benefits. In addition, withdrawals may be subject to surrender charges and could have a permanent effect on the cash value. Loans reduce the cash value and death benefit by the amount of the loan outstanding plus interest.

30.11.2008. 02:10

Term Life Insurance

What is Term Life Insurance? Term life insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection for a specified period of time, such as 10, 20 or 30 years.1 If you die within the term period and the policy is in force, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless your term life insurance policy is renewed. There is no "accumulation" element, or cash value with term life insurance. Who's it for? People with a temporary need for life insurance protection. Those who need a large amount of insurance protection but have limited budgets. People with specific business needs (e.g., business owners who want to cover the life of a key employee who has a set number of years until retirement). Benefits of Term Life Insurance: It provides insurance protection for a low cost (at least initially). If your needs change, most term life insurance policies allow you to convert to a permanent life insurance policy without having to take a medical exam or provide other information about your health. Term life insurance is a good way to supplement other coverage when you have added financial responsibilities for a given period of time (e.g., mortgage, college expenses). Death benefits are generally received free from income tax. Things You Should Consider: Premiums generally increase with age and they could become unaffordable later in life. There is no cash-value element with term life insurance, so you miss the tax-deferred growth of the cash value of permanent life insurance policies, such as Whole Life Insurance. Once the term period expires, unless you renew your policy, the insurance coverage ceases and the policy has no further value.

30.11.2008. 02:09

Life Insurance Glossary

Beneficiary The person(s) named by the owner of the policy to receive the life insurance proceeds upon the death of the insured. Cash Value/Cash Surrender Value The amount that is available in cash for loans and/or withdrawals. Accessing cash surrender value may reduce the death benefit and may increase the risk of lapse. Withdrawals may be subject to surrender charges and could have a permanent effect on the cash value. Loans reduce the cash value and death benefit by the amount of the loan outstanding plus interest. If the policy is surrendered, the cash surrender value is paid to the policy owner. Convertible Term Insurance Term insurance that can be exchanged (converted), at the option of the policyowner and without evidence of insurability, for a permanent insurance policy. Dividend A return of part of the premium on participating insurance that is based on the insurer's investment, mortality and expense experience. Dividends are not guaranteed. Face Amount The amount stated on the face of the policy that will be paid in case of death. It does not include additional amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends. Insurability Acceptability to the company of an applicant for insurance. Insured or Insured Life The person on whose life the policy is issued. Level Premium Life Insurance Life insurance for which the premium remains the same from year to year. The premium is normally more than the actual cost of protection during the earlier years of the policy and less than the actual cost in the later years. The building of a cash value is a natural result of level premiums over a long period. Term policies generally have level premiums for the initial term, though they generally have no cash value. The payments in the early years, together with the interest that is to be earned, serves to balance out the underpayment of the later years. Loan (Policy Loan) A loan made by a life insurance company from its general funds to a policyowner on the security of the cash value of a policy. Generally, loans reduce the policy's death benefit and cash value by the amount of the outstanding loan plus interest. Paid-up Insurance Insurance that will remain in force with no need to pay additional premiums. Participating Policy A life insurance policy that is eligible for the payment of dividends by the insurer (see also Dividend). Permanent Life Insurance Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life. Coverage can last a lifetime. Policyowner The person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a trust, partnership or a corporation. Premiums Payments to the insurance company to buy a policy and to keep it in force. Renewable Term Insurance Term insurance that can be renewed at the end of the term, at the option of the policyowner and without evidence of insurability, for a limited number of successive terms. The rates generally increase at each renewal as the age of the insured increases. Term Life Insurance Life insurance that does not build up cash value and where the premium normally increases as the insured gets older. Universal Life Insurance A flexible premium life insurance policy under which the policyowner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates, which may change from time to time. Whole Life Insurance A basic type of permanent life insurance which can provide lifetime protection at a level premium. Premiums must generally be paid for as long as the policy is in force. Life insurance issued by Metropolitan Life Insurance Company, New York, NY, 10166, MetLife Investors USA Insurance Company, Irvine, CA, 92614 (except in NY), and First MetLife Investors Insurance Company, New York, NY (NY only), members of the MetLife family. Like most insurance policies, MetLife's have exclusions, reductions of benefits and limitations and terms for keeping them in force. Your representative will be happy to provide you with the costs and details.

30.11.2008. 02:08

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