Understand Life insurance Options- Neptune Finance Services

1. Understand Life insurance Options- Neptune Finance Services A life insurance policy pays out an agreed amount generally related to as the sum assured under certain circumstances. The sum assured in a life insurance policy is intended to answer for your financial essentials as well as your dependents in the happening of your death or disability. Hence, life insurance offers financial coverage or protection against these risks. It's Not About What You Need, It's About What Your Family Needs. Few Things to Consider When Selecting Coverage for LIFE Insurance: The Cost of Coverage, Current & Future requirements, Health Conditions, Age. Let’s Understand the Life insurance Options- Simple Term Life Insurance

2. This is the simplest form of life insurance that provides simple and affordable cover for a specified term of the policy. It’s also called as a pure life insurance that guarantees payments of a stated fixed death benefit during a specified term. Once expires, the policyholder can renew. When you buy a term life policy, an insurance company promises that it'll pay your beneficiaries a set amount if you die during the policy’s term. In exchange, you pay a monthly premium to the company for the duration of that term. Return Of Premium Term Life Insurance This is a term life insurance policy provides simple and affordable protection for a specified term of the policy and get money back after term if you outlive. When you buy a return of premium term life policy, an insurance company promises that it'll pay your beneficiaries a set amount if you die during the policy’s term. In exchange, you pay a monthly premium to the company for the duration of that term and if you outlive the term period insurance company will return your paid premium without any interest or dividend. Please keep in mind, if you cancel your policy before the end of the term or simply stop paying you might not get any money back, depending on the policy conditions. Universal Life Insurance Universal life insurance (UL) is permanent life insurance with low premiums like term life insurance and an investment savings component with a flexible premium option. UL premiums consist of two factors: a cost of insurance (COI), and a saving factor, known as the cash value. COI of UL is the minimum amount of a premium payment required to keep the policy active. Whole Life Insurance The simplest type of permanent life insurance content is whole life (WL). This life insurance policy is providing guarantee to remain in force for the insured’s entire life, provided required premiums are paid. It offers

3. consistent premiums and guaranteed cash value accumulation. But the cash in a whole life insurance policy will grow slowly. This is because most of the early premium dollars will go towards policy expenses and the insurance costs. However, over the years, the cash in a whole life policy can steadily grow, often with a minimum guaranteed rate of return. Indexed Life Insurance Indexed Universal Insurance (IUL) is another type of permanent, universal life insurance product that offers a death benefit with a cash value that can be used to pay policy premiums or take withdrawals and loans. IUL allows the owner to allocate cash value to either a fixed account or an equity index account. IUL policies are more volatile than fixed Universal Life insurance, but less risky than variable universal life policies because no money is invested in equity positions. Variable Life Insurance VUL is also a form of permanent life insurance coverage. It's the most complex to understand and no guaranteed minimum cash value option. These types of life insurance policies offer a death benefit, as well as a cash value based on the performance of mutual fund. It gives you multiple choices of mutual fund investment options. It's important to understand that while the policyholder can increase their funds based on market movements, their cash isn't invested directly in the market. Rather, it's invested in “sub-accounts” by the insurance company. This policy has two death benefits options – fixed and variable. With variable, death benefit may go up or down however, it'll not go below the set guaranteed amount. You're in control of where your money is invested, you bear the market risk of your investments instead of an insurance company with the high potential to accumulate cash value. Neptune Financial Services (NFS) is an independent insurance broker in New jersey, USA dedicated to providing clients with the best possible

4. solutions with products from a variety of nationally recognized companies. We offer a wide range of Insurance services like Life insurance, Home Insurance, Auto insurance, Commercial Insurance, Property insurance and more in Trenton, NJ US.