Book of the Month - The Life Insurance Toolbook

FACTS Book of the Month is, “Questions and Answers on Life Insurance The Life Insurance Toolbook”, authored by Chartered Life Underwriter(CLU) designee, Anthony Steuer.

“Questions and Answers on Life Insurance” is an easy to understand piece of literature that will help you make more confident decisions about purchasing life insurance. Written in a question and answer format, Steur boldly presents life insurance as a process that consumers need to understand. With the robustness of the life insurance industry, even life underwriters are constantly trying to keep up. Steuer helps consumers understand that there are primarily two kinds of life insurance, term life insurance and permanent life insurance.

The former is like renting, where you do not have any equity in the policy at the end of the term. The latter is like purchasing a home, where you have cash value during the life of the policy, which increases the death benefit and allows beneficiaries to receive cash values, including dividends and interest, income tax free! Steuer even helps consumers evaluate the company that will service the policy and the life underwriter who is selling the policy. While life insurance is not the most interesting subject, it is a long term and in many cases a life time commitment that should be taken very seriously. Know the FACTS!