Watching the news about events happening in Japan has been disturbing. The damage left by the earthquakes in Japan, as well as the utterly unbelievable images of the tsunami literally sweeping entire cities and villages away in an instantthese events present lasting mental images to me. Homes, cars and people also were literally washed away in an instant. The damage and destruction will take years to clean up and rebuild. Some people may never recover.

Close your eyes for just a moment and transform that mental image from the tsunami/earthquake damage to an image of what happens to a family or a business when the breadwinner dies unexpectedly or becomes disabled.

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What is the definition of a universal life policy? About 20 years ago the life insurance industry was concerned more than usual the “buy term and invest the difference” advocates. As a result the actuaries went to work, not only to improve term life insurance policies, but also to come up with viable combinations of investment instruments and term life insurance. Together with variable life the universal life insurance policy was born. The definition of a universal life policy is as follows. Universal life is a term life insurance policy with a saving element attached.

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Finding an affordable life insurance rate is not as difficult as it used to be. Most life insurance buyers today seem to focus on the purchase of term life insurance to start their life insurance portfolios. Because of this demand for term insurance over the past 20 years the life insurance companies have lowered their premiums considerably. The consumer therefore gains with a more affordable life insurance rate.Although the main term life insurance policies have always existed there is a new interest in decreasing term life insurance, increasing premium life insurance, and all the level term life insurance policies.

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As I was contemplating a post for this blog, my thoughts kept returning to the tragedy that the Japanese have suffered following the tsunami that swept over cities and towns, taking with it countless human lives. And while talk of death is not foreign to this blog, given the nature of the topic we cover, it seems that the only appropriate post is one that expresses heartfelt sorrow for all those who were unable to escape the waters consuming path. We send condolences to the people of Japan for their loss and offer our support.

If you would like to help, here is an immediate step you can take: text REDCROSS to 90999 to donate $10.

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