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| Kalia
Financial specializes in a variety of Insurance solutions that are important for
us all. With the ability to understand which solution is appropriate for you,
your family or business. Please contact us for a meeting and we will be happy
to review the solutions available to you. In the meantime, here are some of the
Insurance options available to you. | | |
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| | | At
the most basic level, life insurance is a type of insurance that will pay a one
time cash payment to one or more designed people at the time of the insured's
death.
Like any other insurance, in exchange for manageable period payments
(called a premium) life insurance is designed to compensate in the event of a
financial loss in the future. Just as car insurance protects your family from
financial loss in the event of an accident and homeowner's insurance protects
your family from financial loss in the event your house is damaged, life insurance
protects your family from financial loss in the event that a family provider (whether
of wages, childcare, eldercare or other means) dies. |
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| | | You
need life insurance when others depend on you financially or otherwise. So, if
no one depends on your income or labor to support them, you probably don't need
life insurance. However, if there is someone that depends on you to support them
(financially or otherwise), you need life insurance to provide for that some in
the event of your death.
We find that in most families, both parents
(or caretakers) will need life insurance because each parent (or caretaker) is
either providing income or vital services that the family depends on. However,
as your children (or dependents) mature and become financially independent, there
is less need for life insurance to protect them. Of course, special considerations
are needed for families with long-term needs.
On the other hand, if you
family's wealth is great enough that the death wouldn't effect your family's financial
security (or if no one is depending on your income or other labor for their support),
then life insurance may not be needed. Likewise, few minor children need life
insurance because they usually are not providing income or vital services that
the family depends on. | | |
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| | There
are two broad categories of life insurance, term and permanent.
Term
insurance is simple and straightforward life insurance that is for a certain period
of time (usually 1 year, 10 years, 20 years or 30 years). Term insurance is called
"term insurance" because it is active for only a certain period of time
(much like a United States President is elected for a certain "term"
of four years). Term insurance typically only costs a fraction of permanent insurance.
Permanent insurance, on the other hand is more complicated life insurance
because it combines insurance with investments. Permanent insurance is called
"permanent" because even "permanent" policies last for the
entire life of the insured person ("permanent" is a bit of a misnomer
because even "permanent" policies expire when the insured dies). Permanent
insurance typically costs much more than term insurance because of its investment
component and lifelong coverage. Keeping these two main distinctions in mind is
very important. Determining if you want term or permanent insurance is the most
important step in determining what type of life insurance you should buy.
Kalia Financial has designed this site to help you decipher the life insurance
code, determine the type and amount of life insurance you really need and make
the best life insurance choice for you and your family.
Kalia Financial
can help you get the best on all your life insurance needs. Contact our Network
Today!!!! | | | | Insurance
Comparison | | |
| | Insurance Type |
Premium | Death
Benefit | Cash Accumulation |
Investment Choice | |
Term |
Level Term Insurance |
Relatively low, fixed |
Fixed during the term, then zero |
No | No |
| Renewable
Term Insurance | Relatively
low, increasing | Fixed |
No | No |
| Decreasing
Term Insurance | Relatively
low, decreasing | Decreasing
during the term, then zero |
No | No |
| Permanent |
Whole Life Insurance |
Relatively high, fixed |
Fixed minimum amount, some upside |
Yes |
No | |
Universal Life Insurance |
Relatively high, flexible |
Variable |
Yes |
No | |
Variable Whole Life Insurance |
Relatively high, fixed |
Fluctuates with the performance of the investment |
Yes |
Yes | |
Variable Universal Life Insurance |
Relatively high, flexible |
Fluctuates with the performance of the investment |
Yes |
Yes | | | |
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