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Senin, 24 September 2018

Maha Suci Allah, Kisah Agus Supriyanto Selamat dari Tsunami, Bersembunyi di Langit-langit Masjid

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لا حول ولا قوة إلا بالله
MasyaAllah, kisah Supri menggambarkan betapa penyayangnya Allah terhadap hamba yang ingat padaNya.

Betapa tidak, saat mau menjalankan ibadah, tsunami pun terjadi. Tak ada jalan lain yang bisa ia tempuh selain mencari celah untuk berlindung.

Berikut penuturan Agus Supriyadi secara lengkap...

Beberapa warga Lampung menjadi saksi mata bencana gempa bumi dan tsunami yang melanda Kota Palu dan Kabupaten Donggala, Sulawesi Tengah, Jumat, 28 September 2018 lalu.

Salah satunya adalah Agus Supriyanto (44). Warga Kelurahan Yukum Jaya, Kecamatan Terbanggi Besar, Lampung Tengah ini beruntung dapat selamat meski sempat terjebak dalam reruntuhan puing-puing bangunan.

Seperti yang dikutip dari tribunnews.com, pria yang bekerja di sebuah perusahaan konstruksi itu mengisahkan detik-detik peristiwa dramatis yang dialaminya.

Agus mengaku berada di Palu karena terlibat pembangunan Asrama Haji Transit yang berlokasi di Jalan WR Supratman, Lere, Palu.

Agus mengatakan, sebelum bencana itu melanda, sekitar dua pekan sebelumnya sudah terjadi gempa bermagnitudo 5,1. Gempa tersebut terjadi dua kali.

Kemudian pada Jumat, 28 September 2018 sore, tepatnya pukul 15.20 WITA, Palu kembali diguncang gempa.

”Waktu itu kejadiannya setelah azan Asar. Tapi nggak terlalu besar. Posisi saat itu saya dan rekan-rekan masih di dalam gedung asrama haji,” beber Agus via telepon, Senin, (1/10/2018).

Barulah menjelang Magrib, terus Agus, gempa kedua datang lagi. Namun, kali ini guncangannya sangat dahsyat.

Gempa bermagnitudo 7,4 itu terjadi sekitar 10 detik. Namun, durasi tersebut sudah cukup untuk meluluhlantakkan seluruh bangunan yang ada di Palu dan Donggala.

”Waktu kejadian gempa yang besar itu, kita para pekerja sudah jam pulang. Saya sendiri waktu itu posisi di dalam ruangan tempat wudu Masjid Agung Babussalam Palu,” ungkap Agus.

Masjid Agung Babussalam berlokasi tak jauh dari Asrama Haji Palu, yakni sekitar 200 meter.

Saat hendak mengambil air wudu itulah Agus merasakan guncangan yang sangat hebat.

”Saya sempat terjebak karena saat itu mau ambil air wudu. Di dalam diombang-ambing sama gempa. Saat mau keluar, saya lihat material gedung masjid pada runtuh,” terus Agus.

Beruntung, Agus selamat dari reruntuhan bangunan karena berlindung di bawah atap berkonstruksi beton.

”Karena saya tahu di atap masjid itu ada yang dicor atapnya. Jadi saya berlindung di sudut ruangan itu,” jelasnya lagi.

Setelah gempa reda, Agus berniat keluar dari ruangan itu. Namun, ia terjebak di dalam karena pintu tertimpa material reuntuhan bangunan.

”Karena takut ada gempa susulan, saya akhirnya merusak plafon masjid. Karena ada celah untuk keluar,” tambah Agus.

Setelah berhasil keluar dari masjid, Agus hendak kembali ke asrama haji untuk melihat kondisi rekan-rekannya.

Belum sampai di tempat tujuan, Agus mendengar suara orang minta tolong.
Setelah mencari asal suara, Agus menemukan seorang pria dalam kondisi terluka parah.

”Rupanya muazin (juru azan) yang azan untuk Masjid Agunģ. Akhirnya bisa kita selamatkan,” ujar Agus.

Sayangnya, kata Agus, muazin tersebut mengembuskan napas terakhir sekitar pukul 23.00 karena tidak ada tenaga medis yang menanganinya.

”Setelah itu, saya lari ke proyek. Alhamdulillah, rekan kerja udah pada keluar semua dan selamat,” lanjut Agus.

Tak lama kemudian, datang gempa susulan. Saat itulah Agus mendapatkan informasi gempa tersebut disertai tsunami.

Agus dan rekan-rekannya berlari menjauhi pantai. Mereka pun selamat.

Saat ini, kata Agus, kondisi di Palu dan sekitarnya masih mencekam.

Ketiadaan listrik, sarana komunikasi, air bersih, makanan, dan lainnya membuat warga korban gempa hidup dalam keterbatasan.

”Kami terisolasi di sini. Kami gak bisa ke mana-mana. Jalan-jalan rusak. Landasan pacu di bandara (Bandara Mutiara SIS Al-Jufrie) aja retak-retak. Yang bisa mendarat cuma (pesawat) Hercules,” terangnya.

Akibatnya, kata Agus, penjarahan toko waralaba terjadi di mana-mana. ”Saat ini terjadi penjarahan di mana-mana, seperti Alfamidi, Matahari Hypermart, dan lainnya,” tambah Agus.

Searching for auto insurance can be a hassle at times, one of the first things that you should commence in doing when seeking out auto insurance is obtains an auto insurance quote. An auto insurance quote will give you an average guesstimate of how much you can expect to render for an auto insurance policy.

Searching for auto insurance can be a hassle at times, one of the first things that you should commence in doing when seeking out auto insurance is obtains an auto insurance quote. An auto insurance quote will give you an average guesstimate of how much you can expect to render for an auto insurance policy.

The quote is a relative guesstimate because many auto insurance providers that provide cheap car insurance quotes online do not ask for any personal information. Without having to enter personal information, often times you will not be able to tell if your quote is truthful or not.

In order to understand the way that auto insurance quotes work online, you need to understand what is normally needed in order to obtain a quote. Normally an insurance agency will review over your age, your driving record, as well as the vehicle that you drive.

Since the threat of identity theft has swept over the internet, your driver's license number is no longer asked for when trying to obtain an auto insurance quote. Without this crucial information, your quote may be a little bit off.

If you have had any accidents or things of that nature in your vehicle, you will need to ensure that you tell the auto insurance companies that you do have a few marks against you. A lot of online insurance quote forms will ask you about your driving history so they can try to make a logical guess of how much your policy will end up costing you in the long run.

It is crucial that you do not lie on the form that you are filling outFree Web Content, while trying to obtain an auto insurance quote. Remember the insurance companies that operate off of the internet are trying to assist you. They cannot help you if you lie to them about your driving record.

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Teladan Bripda Eka Yuli Andini, Anggota Polwan yang Tak Malu Nyambi Jadi Penambal Ban

It matters not whether one is looking for New York auto insurance, Texas auto insurance, California auto insurance, Arizona auto insurance and the like, one should always make auto insurance comparison for the better deal. Therefore, if one doesn't have auto insurance but need to buy some or if one thinks that one is paying a lot for auto insurance, one could save plenty of money by dint of making an auto insurance comparison through online.

No doubt, comparison plays a very important role, when one has to pay a lot for something. A number of people prefer to make comparison before buying any expensive things. And same thing happens in the case of buying auto insurance. It is also something which costs a lot, if one doesn’t buy the right policy. Therefore, nothing but the online auto insurance comparison is one of the best ways to buy right policy for their car to insure with.

Actually auto insurance is something that ensures that one is complete safe from paying damages and the like. That’s why a number of people want the right and appropriate auto insurance for their vehicle. And all one is required to do to get best deal is to go for online auto insurance comparison.

Firstly, find out a reputable and reliable website that offers auto insurance comparison shopping. Thereafter, one should request for insurance quotes. One should always remember that the rate of auto insurance policies varies from company to company. So, one will find a number of insurance policies to compare. In addition, one should not always compare prices of insurance policies but also compare what the insurance policy covers. This is how one can get the right policy by dint of auto insurance comparison without wasting much time or money.

Apart from this, there are lots of benefits to make online auto insurance comparison for buying the policy. One of its benefits is that, with the help of online auto insurance comparison site, one is not getting only a number of insurance quotes but also getting a chance to compare them.

Another benefit of auto insurance comparison site is that one needs not take out their precious time from their duty hours as these sites are available for 7days a week and 24 hours a day which is really good news for the day-time workers. Therefore, whenever one wants to buy an auto insurance policy for the safety of their vehicles, one should never forget to make online auto insurance comparison.

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Surat Terbuka untuk Calon Ibu Mertua, dari Gadis yang Kelak Mendampingi Anak Lekakimu

Online auto insurance quotes facilitate us with the most excellent auto insurance option with the top companies. Auto insurance supports in case of any casualty like accidents, auto damage from wildlife, theft and vandalism. Therefore, all the states have made auto insurance very essential.

Take it as mandatory because it is a matter of security and safety of both auto and the owner. Online auto insurance quotes help to find out the best offering by the companies.

Policies contain some typical coverage that one can not go beyond but some allow adding. The policy one opts for will decide the sum one needs to pay per six months or per month. One can choose between mortar companies, online auto insurance companies. An interesting fact that one need to know that online auto insurance companies do not bear any fixed cost of a physical office or rent a commercial real state and because of this reason they offer one greater discounts comparing than the mortar companies and brick.

Gather Your Information

If one wants to use maximum number of sources to get the perfect auto insurance quotes, it is advisable to have a wide range of information. If one present one’s personal data and information like models, Vehicle Identification Numbers (VINs), the other special features of the vehicle that one want to insure, one will get more helpful quotes while some online sources do not need that. Features for instance side airbags, automatic seat belts and antilock brakes may cut down premium. Similarly, if one wishes to insure one’s all the drivers then one must have drivers’ license numbers, or at least have information of moving violations or other accidents.

Get Quotes from a Licensed Brokerage

When you're shopping for online auto insurance, it's imperative to employ a licensed brokerage if one is ready to shop for online auto insurance because broker not only facilitate one with no compulsion quotes from a number of carriers, but also helps one out buy auto insurance. Besides, one needs to give personal information to take an informed decision regarding one’s coverage. A broker may give one with the ability to make payments online, lodge an online claim and so on.

In brief, it is very easy to select one’s favourite and affordable auto insurance with the help of online auto insurance quotes providing huge information to compare and the latest auto insurance offering. To enjoy a healthy online auto insurance quotes one need to provide personal information and to employ a licensed brokerage, which will give one the best coverage that one need at the most feasible price.

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Kok Tega Banget Sih! Pendaki Wanita yang Kelelahan di Gunung Singgalang Justru Dicabuli Temannya Sendiri.

Are you looking for a great way to compare auto insurance companies and the rates available to you? Then you need to check out the Auto Insurance Center at free-article-info.com/auto-insurance/auto-insurance/index.php. There are wonderful articles to read as well regarding various auto insurance topics. Find out how to keep your auto insurance rates low and the consequences of driving without vehicle insurance.
Are you looking for a great way to compare auto insurance companies and the rates available to you? Then you need to check out the Auto Insurance Center at free-article-info.com/auto-insurance/auto-insurance/index.php. There are wonderful articles to read as well regarding various auto insurance topics. Find out how to keep your auto insurance rates low and the consequences of driving without vehicle insurance. The terminology surrounding auto insurance can be quite confusing at times. Auto Insurance Center offers a great section that explains all the terms in very simple language. This really helps to take the complexity out of deciphering the various terms involved with auto insurance quotes and policies. Hopefully, you will never be involved in an auto accident, but should it happen, do you know what to do? Go through the check list provided on the site to find out what items you need to carry in your vehicle for such incidents as well as the information you need to collect and share. Also find out the process for reporting the accident to the authorities and to your insurance agent. Auto Insurance Center allows you the convenience of entering all your information and then getting several great insurance quotes. This is the perfect way to find out who can offer you the very best deal on auto insurance without having to spend hours on the phone compiling the information yourself. They feature insurance quotes for every state so you are sure to find the valuable information you need.If you don’t find everything you need at Auto Insurance Center, you can contact them by phone or email. They offer a very friendly and knowledgeable customer service team that can assist you with any questions or concerns. In addition to auto insurance, you will find information on renters insurance, health insurance, and life insurance. The Auto Insurance Center offers consumers a great one stop resource for all of their auto insurance needs. The site offers quotes that allow you to compare prices, information on getting the best rates, and wonderful articles to help you stay on top of the events taking place in the world of auto insurance. All of this information is free to useFree Articles, so take the confusion out of your auto insurance needs and start using Auto Insurance Center.

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Ngenes, Wanita Ini Relakan Mantan Pacar Nikahi Adiknya

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A life insurance is an effective tool to protect oneself and their family against any kind of eventuality that may occur. Various leading providers of life insurance products are Aviva Life Insurance, SBI Life Insurance, Kotak Life Insurance, and so on.

In life, most of the decisions that we take are based on thorough research and analysis. Then why is it, that when it comes to life insurance we make decisions only at the time of paying tax? Tax saving is an important and value added benefit that life insurance provides to us. However, the main objective of these is to secure the future of the individual’s family in case of the death of the person. A life insurance is one of the many savings, whose benefits that people avail, mainly during the tax season. It has been listed under Section 80C of the Income Tax Act in the constitution. Investments up to Rs. 1 lakh are eligible for deductions under this section.

Aviva Life Insurance: There are many private funding firms that provide life insurance to individuals. One of these is Aviva Life Insurance. It provides a wide range of protection plans for its customers. There include Aviva LifeShield, Aviva LifeShield Plus, Aviva i-Life, and so on. Each insurance product comes with various added features, riders and benefits. For example, the Aviva LifeShield Plus provides riders as a means of protection during medical problems; Aviva LifeShield Advantage provides not only an insurance plan but also an additional protection against any kind of disability due to an accident, maturity benefits on completion of the insurance cover, and health riders, and so on. All these products provide wide possibilities to save tax and also secure your family’s and own future.

SBI Life Insurance: One of the leading public sector banks of India or SBI is a leading provider of life insurance products, under the name of SBI Life Insurance. Just like any other dealer of life insurance, SBI also has a large catalogue of life insurance products. They provide SBI Life e-Shield, SBI Life – SmartIncomeShield, SBI Life – Saral Shield, SBI Life – Smart Shield, and so on. All of these protection plans are term plans which provide a varied list of advantage. One of these, SBI SmartIncomeShield provides a pure term insurance plan and helps you secure the future of your family against death, life – threatening illness or even disability.

The customer is given a wide range of choices from which they can select a Term Life Insurance, whichever is suitable for them.

There are many other leading banks and insurance companies that provide the client with an option to avail life insurance online. All of the leading insurance providers have their own active web portal online from where the prospective client can compareFree Reprint Articles, apply online and get the insurance approved.

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Term Life by definition is a life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio.

Annually renewable term life.

Historically, a term life rate increased each year as the risk of death became greater. While unpopular, this type of life policy is still available and is commonly referred to as annually renewable term life (ART).

Guaranteed level term life.

Many companies now also offer level term life. This type of insurance policy has premiums that are designed to remain level for a period of 5, 10, 15, 20, 25 or even 30 years. Level term life policies have become extremely popular because they are very inexpensive and can provide relatively long term coverage. But, be careful! Most level term life insurance policies contain a guarantee of level premiums. However some policies don't provide such guarantees. Without a guarantee, the insurance company can surprise you by raising your life insurance rate, even during the time in which you expected your premiums to remain level. Needless to say, it is important to make sure that you understand the terms of any life insurance policy you are considering.
Return of premium term life insurance

Return of premium term insurance (ROP) is a relatively new type of insurance policy that offers a guaranteed refund of the life insurance premiums at the end of the term period assuming the insured is still living. This type of term life insurance policy is a bit more expensive than regular term life insurance, but the premiums are designed to remain level. These returns of premium term life insurance policies are available in 15, 20, or 30-year term versions. Consumer interest in these plans has continued to grow each year, as they are often significantly less expensive than permanent types of life insurance, yet, like many permanent plans, they still may offer cash surrender values if the insured doesn't die.

Types of Permanent Life Insurance Policies

A permanent life insurance policy by definition is a policy that provides life insurance coverage throughout the insured's lifetime ñ the policy never ends as long as the premiums are paid. In addition, a permanent life insurance policy provides a savings element that builds cash value.
Universal Life

Life insurance which combines the low-cost protection of term life with a savings component that is invested in a tax-deferred account, the cash value of which may be available for a loan to the policyholder. Universal life was created to provide more flexibility than whole life by allowing the holder to shift money between the insurance and savings components of the policy. Additionally, the inner workings of the investment process are openly displayed to the holder, whereas details of whole life investments tend to be quite scarce. Premiums, which are variable, are broken down by the insurance company into insurance and savings. Therefore, the holder can adjust the proportions of the policy based on external conditions. If the savings are earning a poor return, they can be used to pay the premiums instead of injecting more money. If the holder remains insurable, more of the premium can be applied to insurance, increasing the death benefit. Unlike with whole life, the cash value investments grow at a variable rate that is adjusted monthly. There is usually a minimum rate of return. These changes to the interest scheme allow the holder to take advantage of rising interest rates. The danger is that falling interest rates may cause premiums to increase and even cause the policy to lapse if interest can no longer pay a portion of the insurance costs.

To age 100 level guaranteed life insurance

This type of life policy offers a guaranteed level premium to age 100, along with a guaranteed level death benefit to age 100. Most often, this is accomplished within a Universal Life policy, with the addition of a feature commonly known as a "no-lapse rider". Some, but not all, of these plans also include an "extension of maturity" feature, which provides that if the insured lives to age 100, having paid the "no-lapse" premiums each year, the full face amount of coverage will continue on a guaranteed basis at no charge thereafter.

Survivorship or 2nd-to-die life insurance

A survivorship life policy, also called 2nd-to-die life, is a type of coverage that is generally offered either as universal or whole life and pays a death benefit at the later death of two insured individuals, usually a husband and wife. It has become extremely popular with wealthy individuals since the mid-1980's as a method of discounting their inevitable future estate tax liabilities which can, in effect, confiscate an amount to over half of a family's entire net worth!

Congress instituted an unlimited marital deduction in 1981. As a result, most individuals arrange their affairs in a manner such that they delay the payment of any estate taxes until the second insured's death. A "2nd-to-die" life policy allows the insurance company to delay the payment of the death benefit until the second insured's death, thereby creating the necessary dollars to pay the taxes exactly when they are needed! This coverage is widely used because it is generally much less expensive than individual permanent life coverage on either spouse.

Variable Universal Life

A form of whole life which combines some features of universal life, such as premium and death benefit flexibility, with some features of variable life, such as more investment choices. Variable universal life adds to the flexibility of universal life by allowing the holder to choose among investment vehicles for the savings portion of the account. The differences between this arrangement and investing individually are the tax advantages and fees that accompany the insurance policy.

Whole Life

Insurance which provides coverage for an individual's whole life, rather than a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance. The insurance company essentially makes all of the decisions regarding the policy. Regular premiums both pay insurance costs and cause equity to accrue in a savings account. A fixed death benefit is paid to the beneficiary along with the balance of the savings account. Premiums are fixed throughout the life of the policy even though the breakdown between insurance and savings swings toward the insurance over time. Management fees also eat up a portion of the premiums. The insurance company will invest money primarily in fixed-income securities, meaning that the savings investment will be subject to interest rate and inflation risk.

Life Carrier Direct was founded by managing partners with over 70 years of combined Life Insurance experience. Most people want life insurance to protect the ones they love from any unexpected death so that they will be protected financially to cover such things as loss of household income, funding for education, mortgage satisfaction, and other important financial considerations related to the sanctity of the family. Please visit [http://www.lifecarrierdirect.com] for a quote comparison of all the major A rated life insurance carriers.

Article Source: http://EzineArticles.com/5219876

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Tak Mau Ada Korban Lagi, Ibu ini Bagikan Kisah Haru Anaknya Terbaring Lemah

The primary purpose for getting life insurance will always be to protect the people you care about in case something were to happen to you. How much capital would you need in order to pay off debts, support your loved ones, or to take care of all your affairs?

After you understand what priorities you would like to protect through life insurance it is fairly easy to determine the correct amount of coverage.

What Type Of Life Insurance

The next question is what type of coverage will best serve your needs. In order to get the right amount of coverage you also have to make sure that the premiums fit comfortably into your budget.

Term Insurance Benefits

Term insurance is less expensive than whole life insurance, because you are renting the insurance. Your coverage is considered pure insurance in this case, because it doesn't develop cash value or participate in company dividends.

Instead it allows you to get the right amount of protection for the least expensive premiums available. Term insurance has also developed over the years to offer more comprehensive options. You can get a return-of-premiums policy where you pay more during the life of the policy, but the insurance company refunds all of your premiums at the end of the fixed term.

There are also term policies that allow you to lock in your age and health for the remainder of your life, so that you can have the coverage and premiums locked in for the rest of your life. This is a great and inexpensive way to obtain permanent insurance.

How Long Should You Lock In Your Premiums

The longer you can lock in your premiums the more advantageous it will be in the long run. The insurance company takes into consideration the mortality risk during the level period of the term. If you are 35 and you get a level 20-term policy then the rates will be fixed until you are 55. And because you are locking in the premiums at a younger age, the average risk and rates will be less than if you were to lock in your premiums at 55.

Most people have an insurance need that will last throughout the rest of their lives. If you can permanently lock in a portion of your insurance at a younger age this can save you substantially on premiums. It happens quite often where people will have to apply for new coverage after the fixed rates on their current policy have expired, and because they are now older and have to pay much more in premiums.

Your health is also locked in when you first take the policy out. Many people looking for insurance in their fifties or sixties are dealing with some type of medical condition that makes the cost of life insurance double or triple in cost. The same logic that applies to locking in your age is also good to keep in mind when locking in your health. We don't know what is going to happen to us, and if we have our insurance locked in then our insurability and premiums will be unaffected by a medical event.

Level Term Insurance

I always recommend getting a level-term policy as opposed to one that will start off lower and increase premiums each and every year. The level term policies allow you to lock in your age and health for the remainder of the term, whereas the increasing-premium policies become more expensive every year based on your new age.

Because term insurance is a less expensive way to get the right amount of protection, I believe that it is the right choice for a large majority of people looking at life insurance.

Cash Value Life Insurance: When To Consider It

First A Word Of Caution About How The Life Insurance Industry Operates

An agent who pushes one company above the others is doing his or her clients a disservice. Every company has its positives and negatives and each company has focused on certain demographics to try to create a competitive edge. There are 17 life insurance companies in the fortune 500 alone. These companies have very similar investment portfolios and conduct business in ways that are more common than not. Eight of these companies are mutual, nine are stock companies, and they all operate in order to make a profit. The most important thing that anybody can do is to have an agent who can help them shop the market for the company that is going to fit their needs best. Somebody that is a smoker with high blood pressure is going to have better options outside of the companies that target nonsmokers without health conditions. Finding the least expensive company on the market for your age and health can save you thousands of dollars.

I used to work for an insurance agency where we only sold a single triple-A-rated-insurance company. When I worked for this agency, my fellow agents and I were especially inculcated with the benefits of this company's whole life insurance. This situation is not unique.

Captive agencies have managers that groom agents to push one company because they get paid commissions when their agents sell these products. Please don't assume that life insurance agents are experts on the benefits of different companies and types of insurance plans, because many of them are unaware of the benefits beyond their own company. Instead of consulting their clients and shopping the market they push a single product that doesn't always match up well. There are far too many people being given advice from agents to consider whole life insurance, because they are trained to present the same products to every client.

When You Are Considering An Insurance Company It Will Always Be Advantageous For Some People And Ill Advised For Others

If you sit down with an agent who goes over a list of benefits about a single insurance company, keep in mind that most benefits are really trade-offs. For instance, if a company is a triple-A rated insurance company than they are probably also more conservative with whom they insure. A triple-A rating is great, but it is really only necessary if you plan on participating in the companies dividends, or in other words buying their whole life insurance. There is no need to pay extra money for the privilege of having a triple-A rated company as many agents insist. A.M. Best considers a company with an A-rating to be in excellent financial health and there are many A-rated companies with less expensive insurance offers if you are not planning on participating in whole life.

When Whole Life Insurance is a Good Idea

For some people, whole life insurance can be a great complement to their financial security. I have sold whole life insurance based on the following benefits.
1) It has a guaranteed return that will consistently build up the cash value in the policy.
2) It gives policyholders permanent insurance so that they are insured throughout their lifetime.
3) It allows them to stop paying premiums after a certain number of years, because the dividends from the company will be enough to keep the policy in force.
4) It allows policyholders to take cash from the policy in the form of a loan, so that you have another option if liquidity is needed.
5) The growth of the policy is tax deferred and tax-free as long as long as the policy is kept in force.

The problem can be that many of these benefits point to life insurance as an asset or investment. Life insurance should always be considered for the death benefit first and foremost. If you have already maxed out both your Roth Ira and 401(k), have at least three months of expenses in accessible savings, and are looking for something else to build up savings then whole-life insurance can be a good option. The point is that whole life insurance is a good choice when you have the ability to max out your qualified retirement funds and are looking to complement your savings with a conservative tie in to your life insurance.

Whole life can be a mistake for a couple of reasons

There are risks when putting your money into whole life insurance. The risks aren't always clearly explained, because the agents focus on the guaranteed dividends that will grow the cash value every year. However, one significant risk is buying into whole-life insurance, paying the premiums for a number of years, and then not being able to keep up with the premiums down the road. Life insurance companies bank on this happening to a certain percentage of policyholders.
If this occurs you are in danger of losing thousands of dollars in paid premiums without the benefit of accumulating any cash value. When a policy lapses or you can't keep up with whole life premiums then the insurance company will retain your premiums without you having any cash value built up or any insurance in force.
These whole life polices are structured to have large front end expenses and it will take at least a couple of years before your premiums start to build up cash value. It takes about ten years before the amount of premiums you put into the policy will equal the cash value in the policy.

How Cash Value In Whole Life Insurance Works

The other risk with whole life insurance is not understanding how the cash value in the policy works and taking out too much of it. The cash value in the policy is liquid, but the insurance company will let you take out about 97% of it in order to protect against the policy lapsing. Any cash that is taken out of the policy is loaned from the policy at interest.

Lets assume that you are in the first 20 years of your whole life policy and are taking a loan from the cash value in the policy. The loaned interest rate is 8.0 %, the non-loaned dividend interest rate is 6.85%, and the loaned-dividend interest is rate is 7.9 %. Notice that the insurance company steps up the interest rate on the loaned amount or the amount borrowed from your cash value. This mitigates the cost of the loan, but the loan still creates an ongoing obligation to pay interest. For instance the cost of borrowing here would be 6.95 %.

(The loaned interest rate (8.0 %) + (the non-loaned dividend interest rate (6.85%) - the loaned-dividend interest rate (7.9%)) = cost of borrowing (6.95%).

The cash value in the policy is really a double-edged sword, because it leads to a significant risk that you will not be able to keep up with the premiums. It is practically intended for people who can repay the loan quickly so that the policy continues to develop dividends instead of an obligation to pay interest. It is great for people who aren't ever tempted to borrow from the policy, because the dividends will compound and eventually be able to cover the cost of annual premiums. When this occurs the risk of lapsing will be negligible. However, this takes quite some time to achieve and it truly depends on how disciplined you can afford to be with the additional cost of these premiums. If you would rather have control of your money up front there is an argument that you can buy term and invest the rest instead of leveraging the insurance companies general fund.

Your Personality Profile And Budget Must Be In Line

I recommend taking a look at both your budget and how much control you want over your money for at least the next ten years if you are considering whole life. Because term insurance can now permanently lock in your age and health in the same manner as whole life insurance, the biggest question is whether or not you want control over investing the difference in premiums. Many people prefer whole life insurance because they don't have to think about investing the difference; the insurance company does it for them. They can also grow their death benefit by the amount of growth in cash value and act as their own creditor if they ever want to borrow cash from the policy.

A Couple Other Points About Whole Life Insurance

The cash value component in a whole life insurance policy needs to be addressed. The first is that cash value is based on compounding dividends. So the longer you keep the paying premiums the more advantageous it is. The second is that if you go with a reliable insurance company they will usually pay non-guaranteed dividends that are based on the results of an insurance companies investments. This is when rating is important to consider, because you are now participating in these dividends. Also if you have allowed the cash value to grow and take out modest loans from the policy later in life, you will most likely have enough in dividends to keep pace beyond the ongoing obligation of interest. However if you do surrender the policy the gains will be taxed as capital gains and you will have to pay a surrender charge as well. If the policy is in force and you pass away while there are still outstanding loans, the death benefit will be paid out after it covers the cost of the loans that you have taken from the policy.

Term Insurance Vs. Whole Life

I believe the most important factor in all of this is the human element. If you are patient, conservative, and comfortably able to continue paying premiums without the temptation to borrow from the cash-value then you are a good candidate for whole life insurance. The majority of people have fluctuating budgets and circumstances where they are better off with something that locks in their age and health and gives them the opportunity to invest the difference elsewhere.

If you are looking to find the right type of insurance look no further. I am a licensed agent, business owner, and financial author and my goal is to consult people on the best options available in the life insurance market. I am licensed in over ten states and have helped thousands of people find a policy based on their priorities and saving them money. To get a free online quote go to:

[http://www.cheapinsurancedirectory.com/]

Or if you would like to speak to me and have me personally shop the market for the guaranteed-cheapest insurance available call 1-888-611-2688. I will talk to you about your priorities and give you a FREE-NO-OBLIGATION REPORT on the least expensive insurance for your age, health, and circumstances. If you are satisfied with report's results the process of insuring your family can all be done online or over the phone to save you time as well. Please call me now at 1-888-611-2688 and I will work to save you thousands of dollars on your life insurance!

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