Investments

The Ins and Outs of Life Insurance


By Cindy Diccianni, Financial Advisor



The complicated web of life insurance often paralyzes the consumer
completely. As with many other aspects of investing, the terminology is
confusing and understanding what you really need versus what you can afford
can be a challenge. This article will present the different types of life
insurance. You may want to discuss your particular needs with your financial
advisor.



TERM INSURANCE

Term Insurance is designed to be suitable and affordable for a variety of
individuals and purposes:

* To meet family obligations with a smaller income but good prospects
for developing a career

* As protection for outstanding loans, whether these loans are
personal or business

* As a means of protecting mortgage obligations

* To guard against un-insurability in the future

* To provide coverage for other family members

* To protect key people of a business in its formative years of growth


* To purchase time to increase earnings so that the coverage can be
converted to a permanent life insurance policy without evidence of
insurability in the future



UNIVERSAL LIFE INSURANCE

Universal Life is a flexible premium adjustable life insurance product that
provides permanent life insurance protection (complete with tax-free death
benefits and tax-deferred growth of cash value), plus the flexibility of
adjusting your premiums and protection as your needs evolve. With Universal
Life you can:

* Choose death benefits and premiums that fit your needs

* Provide a tax-free death benefit to your love ones

* Protect and increase your assets through the tax advantages of life
insurance

* Adjust the amount and timing of your premium payments

* Increase or decrease your policy's death benefit

* Add coverage for family members or other individuals

* Increase your premiums to build cash value

* Utilize the policy's cash value

* Protect your home

* Fund a college education

* Pay off outstanding debts

* Protect a business

* Supplement your retirement



VARIABLE UNIVERSAL LIFE

Variable Universal Life insurance is a flexible premium life insurance
policy that combines the security of life insurance with the opportunity to
participate in the stock market through Separate Account investment
portfolios. This type of insurance includes:

* A guaranteed death benefit, free from federal taxes which is backed
by the claims-paying ability of the insurance company and is payable to your
beneficiaries no matter what the nature of the economy or the turns of the
market

* Tax-deferred growth of the policy's cash value

* Access to income-tax free dollars for use during your lifetime
(through policy loans and withdrawals)



The opportunity to participate in the stock market involves:

* A choice of Separate Account investment portfolios made up of stocks
and bonds

* A diverse range of portfolios (from Indexed to International)

* Professionally managed investment portfolios



Insurance, no matter what the type, protects an individual and his/her
family from events in life that would financially devastate them. Almost
everyone has a need for some type of life insurance. When someone dies, the
emotional loss is great; safeguard the ones you love financially.



Cindy Diccianni is a Registered Nurse, a Certified Senior Advisor (CSA), a
Registered Investment Advisor and a Registered Representative with Leigh
Baldwin & Company member NASD and SIPC. She is affiliated with Ortner,
O'Brien & Ortner Advisory Group, Inc. and co-founder of Nurturing Your
Success, Inc. Her passion is assisting clients in creating the financial
freedom they dream of. You may visit Cindy at www.nurturingyoursuccess.com
<http://www.nurturingyoursuccess.com/> or write to her at
Cindy@.... You may also call her directly at (610)
251-9393.







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Bank Of America Investment

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