Is Life Insurance an investment?

With the severe downturn of the economy and instability of Wall Street, investing in Life Insurance is considered one of the stronger investments you can make in today’s market.  Depending on your specific needs, your policy will be created to enhance your current financial portfolio.  For example, a policy can offer a tax-deferred treatment of the money accumulated in the policy, which means that taxes are postponed on income and capital gains.  Another option may be to take out a loan on the accumulated cash value from your policy. 

When should I invest in Life Insurance?

Purchasing Life Insurance when you are younger provides a great deal of benefits, as premiums increase substantially as you get older.  However, as the median life span rises, insurance companies are making policies easier to obtain for those over the age of 50.  Taking the steps today to invest in Life Insurance will be a decision you will never regret.  Life Insurance is a good investment no matter your age.

Why should I select Noble House Insurance Solutions?

At Noble House, our goal is to cater to the needs of high net worth individuals while conducting our business with utmost integrity and professionalism. We are a client-driven organization and your security and peace of mind are our motivation!

Is it recommended to have Life Insurance if I am single?

Most single adults think they do not need Life Insurance, however if you take in consideration a few possibilities, Life Insurance is a necessity.  If you have children or a family member depends on your support, Life insurance will provide a stream of income, as well as a peace of mind for you, if you die prematurely. Single or not, as long as people have families and/or liabilities there will always be a need for Life Insurance and it ay prove a beneficial investment in your portfolio.

How much Life Insurance should I have?

The amount of Life Insurance you are seeking should depend on your personal obligations.  There is a fine balance between having enough insurance to cover your financial commitments should you pass away, and over insuring yourself.  You must be careful to not over insure yourself, which could threaten your long-range financial goals.  Noble House Insurance Solutions can assist you in accessing your financial responsibilities and finding that balance that works for you and your family, as well as compliments your existing portfolio.

Do I need to take a medical exam?

If you are in the process of applying for Life Insurance, in all likelihood you will be required to undergo an insurance medical exam.  The exam will be performed by a professional paramedical service, which can take place at either your home, office or the paramedical office.  The exam consists of collecting an EKG, a blood and urine sample, as well as documenting your medical history, physical measurements of height and weight and blood pressure.  In most cases, you are not responsible for the exam or lab work fees.

Can I donate my Insurance Policy to charity?

Yes!  A Life Insurance Policy can be donated to your favorite charity.  As a policyholder, you have several options when considering your favorite charity to receive an insurance donation.  One way is to simply name your favorite charity as a beneficiary on your policy.  Another option is to donate an existing Life Insurance policy to your favorite charity.  In addition, you can then make deductible cash gifts to the charity, which the charity can use to make the premium payments.  Furthermore, you could donate money to the charity and have the charity buy the Life Insurance policy.  If you are interested in utilizing an insurance policy for your favorite charity, Noble House Insurance Solutions can assist you with the appropriate programs that fit your needs and requirements.  The Noble House team has extensive experience with the use of insurance policies and charitable donations.