Permanent life insurance policies may have looked unexciting during the boom years, but now they look good
Whenever a salesperson relies on commission to pay his own bills, there’s inevitable pressure to sell the policies providing the maximum income. By coincidence, the policies most advantageous to agents have been the equity-based investment tools. During the boom years when the stock market is racing ahead, these policies are also the easiest to sell. All the agent has to do is point to the returns currently delivered by the leading stocks and swear on a stack of Bibles that this will continue until the end of the term. There’s only one problem with this sales pitch. It fails to consider the possibility of volatility or, in the worst cases, recession. The result has been a disaster for the hundreds of thousands who heard the honied words and bought whole life policies. The fact the insurer could charge fees for managing the portfolio whether the investments rise or fall did not seem important until they all fell. At this point, those holding whole life policies found their cash value was reduced by losses in their investments and high fees. Yet those who were conservative and bought permanent insurance have been seeing an average of 4% returns even during the recession.
With only a few weeks to go before the Supreme Court announces its decision on whether Obamacare is constitutional, the question is whether you should renew you insurance cover for the next twelve months. If the Court strikes down the entire law, insurers would go back to their practices before the President signed the Affordable Care Act. Since this could mean a sharp rise in premiums and/or policies being cancelled because you have a pre-existing condition, is it worth trying to lock in twelve months of cover now?
Informed opinion seems to be that the Court will say only the mandate is unconstitutional. This could retain the rule that insurers cannot refuse insurance on the ground of a pre-existing condition. When this happened in Washington, premium rates went up like a rocket and the rule on pre-existing conditions had to be removed. Faced with this experience, the Court may strike down both rules together. Perhaps the same will happen to the rule that, up to the age of 26, people can stay on their parent’s health insurance plans. If all these people are suddenly uninsured, costs will rise. In this, you should remember insurance companies have a right to cancel cover if you have a pre-existing condition. So renewing now will not help you. But if you renew now and the law does revert to pre-Obamacare, the insurer cannot cancel the cover of healthy people under 26. Renewal would therefore protect your children for twelve months.
If you own a laptop or a netbook, I am sure that there is a time for you that you cannot see the picture in your laptop or netbook screen clearly because of the size of your laptop screen. If you want to get rid of this, PC to TV connector can help you to achieve a better quality that can help you see better any item from your netbook through the screen of television. The connector can be seen in so many online sellers in the internet but you have to make sure that the product they sell can give you a better resolution because some of the connectors just connect the screen and not give you a better and higher resolution. To make you avoid buying a connector which will not give you a better resolution, you might need to check the plugs in the connector. A good connector will consist of three things; the VGA and 3.5mm audio jack to connect your computer with the plug and the composite RCA jacks to connect the connector to the television. If you see those three jacks installed in the connector, you can choose this.