Looking to buy life insurance, where to find basic terminology?

[boba7523]

Hi everyone,

I'm thinking about buying life insurance (IUL) and would like to know where I can lookup all these different terminology such as block value, guaranteed value, participation rate, etc.

Thank you,
Peter

 

[TampaHound]

Hi everyone,

I'm thinking about buying life insurance (IUL) and would like to know where I can lookup all these different terminology such as block value, guaranteed value, participation rate, etc.

Thank you,
Peter

Well you came to the right place. One of the best sources I can recommend is Invesopedia (Investopedia - Sharper Insight. Smarter Investing.) simply because it answers questions in a very simple way and that helps.

I'm licensed in California and be happy to help (send an IM) but am located in Florida. I always recommend talking to an agent and this board has several in California. A good agent will be the one to make sure your getting the right product for whatever your goals are...and isn't afraid to answer your questions.

 

[jboussea]

Can you be more specific about what you're looking for ..

a great resource is the www.theinsuranceproblog.com .. it can be a little bit overwhelming but I would start at episode 1 of the podcast. .. it's not that specific about IUL but you can find some good articles in there.

Otherwise.. I would encourage just asking the questions here and plenty of folks can chime in ..

 

[TampaHound]

Can you be more specific about what you're looking for ..

a great resource is the www.theinsuranceproblog.com .. it can be a little bit overwhelming but I would start at episode 1 of the podcast. .. it's not that specific about IUL but you can find some good articles in there.

Otherwise.. I would encourage just asking the questions here and plenty of folks can chime in ..

I'll have to check that out myself. Looks like a good resource.