Veterans life insurance company Form 2020-2022

Departments of education and school districts always have to make decisions about what to include in their curriculum.  There are a lot of life skills that people need that aren't taught in school.  The question is should those skills be taught in schools?I teach high school, so I'll talk about that.  The typical high school curriculum is supposed to give students a broad-based education that prepares them to be citizens in a democracy and to be able to think critically.  For a democracy to work, we need educated, discerning citizens with the ability to make good decisions based on evidence and objective thought.  In theory, people who are well informed about history, culture, science, mathematics, etc., and are capable of critical, unbiased thinking, will have the tools to participate in a democracy and make good decisions for themselves and for society at large.  In addition to that, they should be learning how to be learners, how to do effective, basic research, and collaborate with other people.  If that happens, figuring out how to do procedural tasks in real life should not prmuch of a challenge.  We can't possibly teach every necessary life skill people need, but we can help students become better at knowing how to acquire the skills they need.  Should we teach them how to change a tire when they can easily consult a book or search the internet to find step by step instructions for that?  Should we teach them how to balance a check book or teach them how to think mathematically and make sense of problems so that the simple task of balancing a check book (which requires simple arithmetic and the ability to enter numbers and words in columns and rows in obvious ways) is easy for them to figure out.  If we teach them to be good at critical thinking and have some problem solving skills they will be able to apply those overarching skills to all sorts of every day tasks that shouldn't be difficult for someone with decent cognitive ability  to figure out.  It's analogous to asking why a culinary school didn't teach its students the steps and ingredients to a specific recipe.  The school taught them about more general food preparation and food science skills so that they can figure out how to make a lot of specific recipes without much trouble.  They're also able to create their own recipes.So, do we want citizens with very specific skill sets that they need to get through day to day life or do we want citizens with critical thinking, problem solving, and other overarching cognitive skills that will allow them to easily acquire ANY simple, procedural skill they may come to need at any point in their lives?

Get an introduction to the target company through a referral if possible.  A lot of the companies that retain us even talk explicitly about "no agency referrals" on their website.  There are times that going in through HR or their staffing org can be to your benefit but more often that not it helps to have a referral with a "VP" in their title to get you that introduction.  You might still be a long way from getting a fee agreement signed (retained or contingent) but you'll be a lot close than being one of the hundreds of agency recruiters leaving voicemails for the VP HR or Staffing Manager.

No one has given you a full answer but Mr. Enright is the closest thus far. People seem to be focused on premium vs. claims, however, this is most definitely NOT how insurance companies make money. Most insurers try to price their policies such that the total premiums collected each year are equal to the total amount of claims paid + expenses (we call this the combined ratio - claims+expenses:premium). A combined ratio of 1 is seen as ideal because it means they are not over or under pricing their policies, meaning that they are underwriting the risks they want as pricing models are designed to attract what a company identifies as their target market. With regard to automobile insurance, most insurers actually run a loss on premiums, normally paying just over a dollar for every dollar of premium (combined ratio 1), whereas, they normally run just under a 1 ratio on property insurance. Ultimately, very little, if any profit is made through underwriting (premiums) alone, rather, the reason for writing policies and collecting premiums is to build an investment pool. When an insurer collects premiums they put that money into an investment pool. They use the premiums collected to fund investments (generally in guaranteed or low risk securities due to regulatory restrictions). When a claim is made money is then taken from that pool and put into a cash account to pay the claim once the adjustment of it is completed. Where insurers make their money is on the interest and return on investment earned from those premium dollars while they are in the investment pool. The ideal is to have enough premium coming in to keep the investment pool fully funded but the profit itself comes from the return on investment rather than a surplus in the premiums charged vs. claims and expenses paid. Let's look at State Farm Mutual for an example.... in 2022 State Farm collected $32,640,000,000 in premiums, they paid $22,794,000,000 in claims, $4,311,000,000 in claims expenses, $7,527,000,000 in administrative/service expenses, resulting in a LOSS of $1,993,000,000 on underwriting, however, they had investment income of $2.,901,000,000. So while they actually lost $1.9 Billion on premiums vs. claims and expenses (combined ratio of 1.06) they made $2.9 Billion on investement income. As you can see, insurers don't make money through premiums but through investment.

==== This Answer May Disturb Some ====Look at a mortality table. Created and updated by actuaries every ten or twenty years(+/-), it shows the number of deaths per 1,000 at any given age.There's a table for males, females, smokers, non-smokers, fat people, skinny people, sky divers, race car drivers, mountain climbers, you name it. Let's take it a step further:Let's say you’re a male age 30 and you don’t smoke, drink or do anything hazardous. Let's say you're a teacher who walks two miles to work every day and two miles back home at the end of the day. You're 5′ 8″ and weigh 138 pounds, not 198. Translation: you’ll probably live a long time. But on any given day a dumb drunk or a jerk on opium could run into you and WHAM, you're dead! So your question is:“How can an insurance company afford to pay out hundreds of thousands of dollars for a life insurance policy that only costs $50 a month?”HERE’S THE ANSWER—The life insurance company insures many Many MANY males age 30 who, just like you, are “good risks.” That means the premium you pay ($600 this year) is enough to pay a big Big BIG amount if . . . this year . . . you do like the frogs do and croak! How much can the company pay? Again, look at a mortality table. The number of deaths per thousand for healthy males age 30 is only about one (1.00). So that means by insuring a thousand, the company will have $600 X 1,000 = $600,000 in the pot which is enough to pay a check in the amount of six hundred thousand dollars to your family . . . $600,000 . . . and that's good!But if you’re 40 and deaths per thousand are 2.00, your premium will have to be double what it was at 30. So that means that your premium will be $100 per mo. / $1,200 per yr.At age 50 it'll cost $2,400. At age 60 it'll cost $4,800. At age 70 it'll be based on deaths per thousand at 23. At age 80 it'll be based on deaths per thousand at 64. At age 90 it'll be based on 172. At age 100 it'll be based on 324. At age 110 it'll be based on 570. And at age 120 it'll be based on 1,000 deaths per thousand!What I just described is “Annually Renewable Term (“ART” for short) . . . and there are idiots out there who will tell you that, “You don’t need life insurance if your kids are grown up and your mortgage is paid off.” When you hear that, think of them as Idiots, Creeps, Jerks, Morons, Cretins, S - - theads and Imbiciles who also say truly stupid things like,==== ==== “Don't Buy Whole Life” ==== =======“Buy Term and Invest the Difference!”===As a Chartered Life Underwriter (CLU) with forty nine (49) years experience selling and servicing life insurance, my opinion about them is very Very VERY simply stated. Stay away from them! Think for yourself! As a 78 year old healthy male with dreams to fulfill, there’s no one, and I mean THERE IS NO ONE who can get away with that crap when I'm in the room listening because I will raise my hand, get recognized, stand up and ask a tough, insightful, pain-in-the-ass question:=== “Do you own Term or Whole Life?” ===Imbiciles cannot handle truth! And what's really Really REALLY sad is that they own Whole Life on their lives but, not being able to explain life's realities including the reasons why Whole Life is truly one of the greatest inventions ever created . . . not being able to do that . . . they make money by duping the public with their idiotic nonsense about term!I'm not saying term is bad. It has its place. And that’s good. But those who lie / those who can't speak the truth / they confuse the public!Worse than sad / in fact tragic / is the death of Life Insurance Selling in America.When I was a rookie in the fall of 1969, the LIMRA (Life Insurance Management Research Association) Four-Year New Agent Retention Rate was 15%. Today it's 8%.That’s bad!Back then we had 142,000 members of NALU (the National Association of Life Underwriters) (renamed in the early 1990′s to the National Association of Insurance & Financial Advisors) (NAIFA). Today, it's less than 20,000. In just one generation we lost 122,000 members!When I was a rookie, Met-Life (The Metropoli-tan Life Insurance Company of New York) (“Mother Met”) was the largest life insurance company IN THE WORLD! Today—2019—they're out of business for new life insurance sales here in America. Met-Life moved its sales operation to Japan . . . to JAPAN!I’m telling you something—Met-Life’s Senior Management is made up of freakin• MORONS! (You can quote me on that . . . to them!)When I was a rookie, the Million Dollar Round Table (The MDRT) (the greatest sales organ-ization in the world) had 25,000 members here in America and 10,000 overseas. But today we have 10,000 here and 25,000 overseas!LIFE here in America is DYING!SO TELL ME, HOW CAN WE REMAIN FREE if we can’t insure our lives for the benefit of our loved ones? The truth is this—WE CAN’T! And THAT’S the most tragic thing that could ever happen to a free society / to America!I'M TELLING YOU SOMETHING—Those who DON’T understand / who WON’T understand / who REFUSE to understand will destroy our nation in a heartbeat!OBAMA SAID, QUOTE: “Globalization is here, it's now!” Preaching that crap (just before HRC lost to DJT), when he was POTUS he absolutely REFUSED to release his transcript of grades from Columbia University. Why? Do you think he studied, “The American Political Tradition” by Richard Hofstadter? Or do you think he studied Karl Marx and Friedrich Engel's “The Communist Manifesto?” Ask Professor Drew!I know you don’t know, so READ and THINK!JOHN C. DREW, Ph.D., a former liberal, wrote an article, “Even Republicans Rejected Info About Obama’s Past” which appeared in the “American Thinker” of September 23rd, 2022 (about a year before the end of Obama’s first term). And so I contend that whether a citizen is Independent, Democrat or Republican, that article is important reading!So FIND and READ it!The AMERICAN THINKER is a conservative daily online magazine dealing with American politics, foreign policy, national security, Israel, economics, diplomacy, culture and military strategy—very important subjects!BACK TO THE QUESTION—It's about value for money spent / Term Life Insurance (ulti-mately a waste of money for those who live a long time) and Whole Life designed for level premiums . . . and IT LASTS FOR LIFE!IN POLITICAL ECONOMIC MATTERS—How do we determine VALUE? What's VALUE if the American economy falls apart?NOT BUILDING VALUE—Near the end of his first term, Obama was interviewed in the Oval Office by a TV Journalist who posed a very important question. She asked, “Mr. President, what will you do about the National Debt?” [As a percent of GDP, it was rapidly approaching the level we had at the end of WWII]. Obama said he would do something about it. HE DID NOTHING. And our debt went up / and up / and up to the point where it exceeded our debt as a % of GDP as of the end of WWII • 121%.THIS QUESTION IS ABOUT VALUE—money is 100% wasted when people buy term and live a long time, which is what most people do!AMERICA IS ABOUT VALUE—we built an economy that’s so strong we can help other nations. That’s a true measure of greatness! From an economics point of view, it's like Whole Life because it has VALUE!ARE WE STRONG NOW?—Do we not have both National Debt and Consumer Debt at record high levels? We do, and no, we most definitely are NOT strong!THE WAY TO DESTROY A NATION—to des-troy America, let it crumble from the weight of an absolutely absurd level of debt.I hate that!“GLOBALIZATION IS HERE, IT'S NOW!”—Hearing that and with ten years in the United States Army, as a patriot I feel the despicable arrogance of a destructive creep who wants to destroy America! Join me, please, to prevent it.WHAT CAN YOU DO TO HELP?—Simple. “Get Out of Debt, $ave Money, and Properly Insure Your Life and Your Income(TM).” Attend one of our training events and learn how to do that.RC

If you are not married, and have no dependents, then you don't need life insurance.If you are married and your spouse also works, one year's salary is enough insurance for them to cover funeral expenses, mourn, and move to a smaller home and sell the current house if needed.If you have dependents, and/or your spouse doesn't work, the situation becomes very dependent on your personal finances overall. Assuming you are a one-income household, with two pre-school aged children, you may want to consider a total life insurance value equal to enough money to cover:-Cost of paying off your mortgage immediately-Cost of fixed annuity to pay for annual expenses for your spouse, less housing cost-Children's educational expensesThat's the most common rule of thumb, but you should consider whether it is an outdated notion that your spouse will never be able to work or prfor themselves if you die.Also, whether you believe that parents should pay for a child's college education, or even whether a child needs to go to college (or a state school vs. private school) can impact that part of the equation.As you age, you will likely set aside 529 plans for your kids, pay down your mortgage, etc. In that case, you should adjust the total value of your insurance downward to save yourself on monthly premium costs. The very wealthy self-insure for the most part - you want to move in that direction as your personal wealth increases.Finally, don't mix investments with insurance. Insurance is for protection only. Therefore, "buy term and invest the rest" is the best advice. Whole insurance makes it difficult to remember how much you are spending on the insurance part, and how much you're investing.

That’s one way to look at it. However, keep in mind they have many people paying premiums every year. The amount they pay out on a policy will (hopefully for the insurance company) likely be less than the total of money they take in on premiums. This is similar to other insurances. They know they will have to pay out to policyholders for insured incidents (fire, hurricane, car accident) but hope that all the incoming premiums more than offset their loses. If someone signs up for a new auto policy with a new insurer and totals their brand new car a week later, the insurance company may be out a lot of money, despite not taking in much in the way of premiums from the newly insured client. That’s made up for by the person who has paid 200,000 dollars over a long driving career with zero claims. With life insurance, some will die relatively young, and some will die relatively old, but the basic principal is the same (and why if you are a smoker or obese your policy may cost more as they figure you’ll be paying in for a shorter period of time…) Same with pensions…Some will pay in for many years, retire, and die a year after they retire, never coming close to re-cooping all the money they put into the retirement system (or social security perhaps). Others will retire and live long enough to cost the pensions system more money than they contributed.

This is not an answer, just a critical caveat emptor to consider:“When a person's employer provides life insurance as part of an overall compensation plan, the IRS considers it income, which means the employee is subject to taxes.”Source: Publication 525 (2022), Taxable and Nontaxable Income, See also: Understanding Taxes on Life Insurance PremiumsIn general, you need to pay tax on income one time, either now when the value is lower, or later when the value is (in life insurance) much, much higher. Raising the owner or employee’s salary enough to cover the cost of the premium (and thus paying tax on that smaller amount of income once now) may be the wisest choice. Then the beneficiary will not pay income tax on the proceeds—which may mean a lot to them at a time of tragedy.I’m not a strong believer in complex legal systems to avoid taxation—as tax laws constantly change (increasing legal fees, again and again) and the tax avoidance you are counting on may not be in place when you are no longer around to remedy it.There are so many considerations involved in comprehensive planning for business-owned life insurance. Best not to take advice solely from the internet, but also use a trusted (specialized) expert to help you if you want the best results. Do both, however, so you can come to the professional with detailed questions and thereby help to better direct and discern who to work with.SincerelyRobert