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This article was launched to the national news media on November 2, 2005. Some of the proceeds from this book will support the non-profit foundation that I created called The Foundation of YET (Young Entrepreneurs of Tomorrow) whose mission is to help children understand what it means to be an entrepreneur.
Top Insurance Professional Advises on Selecting
Life Insurance to Provide for the Surviving Spouse
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BEAVER, PA --The probability that Social Security and pensions will be less than a secure benefit for a surviving spouse is greater today than ever, according to Tom Young, a 29-year insurance professional. He says many people are using life insurance to provide for their spouses should they die first.
Of the many variations of life insurance whole life Insurance is the most appropriate, according to Young, who says whole life is generally the only insurance that has any guaranteed ownership provisions called non-forfeiture values. He is the author of “Life Insurance, Will It Pay When I Die” available at www.1stconsultantsinc.com.
“In my mind, the only permanent guaranteed Life Insurance is Participating Whole Life,” Young says. Participating means the policy owner shares in the earnings of the Life Insurance company.” |
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Many life insurance policies, by design, will never pay a death claim. A 1993 Penn State University study stated that less than 1% of term insurance is ever paid in a death claim.
“Participating Whole life provides a combination savings and guaranteed death benefit. The premiums within a few years equal the cash value increase and has little or no economic cost. It tends to pay for itself if combined with other savings,” says Young.
“We all truly desire to be efficient and effective when making financial plans and insurance decisions. This book will walk you through that path thanks to Tom Young and his desire to get the word out.” Says, Jody Victor, Past President, Independent Business Owners Association International.
“The problem is many purchased policies that were not guaranteed and actuarially, husbands usually die first,” says Young, who is a Registered Financial Consultant, Certified Senior Advisor and a Human Behavior Consultant.
“Life Insurance, Will It Pay When I Die,” $19.95, is available at www.1stconsultantsinc.com. | 
