How to Buy Life Insurance

How to Buy Life Insurance

What protection does Life Insurance provide?

What protection does Life Insurance provide?

Who needs Life Insurance?

Who needs Life Insurance?

What is the death benefit?

What is the death benefit?

Is there Federal Income Tax on life insurance?

Is there Federal Income Tax on life insurance?

What questions should I ask to determine if I need Life Insurance?

What questions should I ask to determine if I need Life Insurance?

How much Life Insurance do I need?

How much Life Insurance do I need?

I'm a stay at home parent, do I need Life Insurance?

I'm a stay at home parent, do I need Life Insurance?

Is there more than one kind of Life Insurance policy I can buy?

Is there more than one kind of Life Insurance policy I can buy?

When should I buy Life Insurance?

When should I buy Life Insurance?

What are the kinds of Life Insurance I can buy?

What are the kinds of Life Insurance I can buy?

What are whole-life policies?

What are whole-life policies?

What are universal life policies?

What are universal life policies?

What are variable life and variable universal life policies?

What are variable life and variable universal life policies?

What is term insurance?

What is term insurance?

What is the most expensive type of Life Insurance?

What is the most expensive type of Life Insurance?

How long should I buy Life Insurance for?

How long should I buy Life Insurance for?

How does health factor into my coverage and cost?

How does health factor into my coverage and cost?

Can I get away with not telling the Insurance Company something that may affect my health coverage?

Can I get away with not telling the Insurance Company something that may affect my health coverage?

How do I choose the right insurance company to buy from?

How do I choose the right insurance company to buy from?

Who should I make my beneficiary?

Who should I make my beneficiary?

What is involved in the application process?

What is involved in the application process?

How to Buy Life Insurance

How to Buy Life Insurance

Important Life Insurance Information

Important Life Insurance Information

Introduction to Homeowners Insurance

Introduction to Homeowners Insurance

Understanding The Importance Of Auto Insurance

Understanding The Importance Of Auto Insurance

Investment For Beginners

Investment For Beginners

Investment Planning

Investment Planning

Best Investment Options

Best Investment Options

Investment Strategies

Investment Strategies

Investment Management

Investment Management

Understanding the High Costs of Smoking

Understanding the High Costs of Smoking

Smoking Cessation - The High Costs of Smoking

Smoking Cessation - The High Costs of Smoking

Smoking Cessation - The Latest Sensation in Employee Wellness Programs

Smoking Cessation - The Latest Sensation in Employee Wellness Programs

Understanding Non-Adherence to Medication

Understanding Non-Adherence to Medication

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Bob Ley with AIG

Vice-President of Sales with AIG American General, AIG

Term Life Insurance  

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.  AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer.  In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.  AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

Who needs Life Insurance?

Bob Ley, Vice President of Sales with AIG, discusses the importance of a life insurance policy for anyone with financial dependents.

This expert: 121,963 views
This series: 121,963 views

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Host: Who needs Life Insurance?

Bob Ley: If someone depends on you financially, chances are you need Life Insurance. If you are married, most couples depend on two incomes to make ends meet. Life Insurance makes sure that your plans for the future don't die with you. If you are a single parent, you are probably also the bread winner, cook, chauffeur and so much more. With so much resting on your shoulders, you need to make sure you have enough Life Insurance to safeguard your children's financial future. You work a lifetime to accumulate an estate, however, at your death, the asset you pass on to your heirs maybe subjected to Federal Estate Taxes and State Inheritance Taxes. If your estate is subject to estate taxes, taxes are due usually, within nine months of your death. Life Insurance can play an important role on Estate Planning by providing the funds necessary to pay estate taxes and expenses and provide liquidity so these expenses can because paid. Some expenses that must be paid upon an individual's death maybe include, but are not limited to Federal Estate Taxes, State Inheritance Taxes, Probate fees, legal and administrative fees, deaths, funeral expenses, final medical expenses. There are four options to pay estate taxes and expenses. One, use cash on hand. Two, borrow the money. Three, pay the IRS in installments under Internal Revenue Code Section 61, 66 or pay now by purchasing a Life Insurance policy and in many cases, be paying for pennies on the dollar. Proper planning involves identifying and estate transfer cost using available tax breaks to reduce cost and determining the least expensive method of paying for remaining taxes and costs. A Life Insurance funded Irrevocable Trust can be one of the most cost effective ways to pay for estate taxes. Consult your tax professional to determine the effect of Federal Estate Taxes on your individual situation.

Important Life Insurance Information

Important Life Insurance Information

Why Life Insurance Is Necessary

Why Life Insurance Is Necessary

Understanding Types Of Life Insurance

Understanding Types Of Life Insurance

Tips To Buy Life Insurance

Tips To Buy Life Insurance

How to Use a Life Insurance Policy to Pay for Senior Living

How to Use a Life Insurance Policy to Pay for Senior Living

Life Between Lives Hypnotherapy

Life Between Lives Hypnotherapy

Is my life predetermined?

Is my life predetermined?

How do I know God's will for my life?

How do I know God's will for my life?

Is there a deeper, spiritual aspect to life?

Is there a deeper, spiritual aspect to life?

How do I begin to live life more fully?

How do I begin to live life more fully?