George Chiu Insurance & Financial Services

What is life insurance:

Life insurance was created to help protect the financial security of your loved ones in case something happen to you. You pay premiums for a number of years and when something happen to you, the insurance company pays out a death benefit to your beneficiary. Money to your beneficiary is not subjected to taxable income and your beneficiary can use the money whatever is needed to continue their life without you, including:

Medical bills

Funeral expenses

Outstanding mortgage

Living expenses

College tuition

Retirement

What life insurance can provide:

Protection:

Life insurance can help make sure your family is able to keep the house and pay the bills in case something happen to you.

Savings: 

Some types of life insurance policies have “living” benefits as well which can help you during your lifetime. This type of policy let you accumulate cash value and you can use that money to help fund your child’s education, cover emergency expenses or help pay for retirement.

Wealth Transfer:  

Death benefit that your beneficiary receives is generally income tax free. That makes life insurance useful for businesses as well as families.

What type of life policy I can choose:

Term Life Insurance:

Term is for a time. It is usually the most affordable way to buy a life insurance. You can buy protection for a certain amount of time such as 5, 10, 20, or 30 years. If something happen to you before the term is over, your beneficiary gets the death benefit. If you live beyond the term, life policy ends and your beneficiary gets no payment.

Permanent Life Insurance:

Permanent life insurance stays with you as long as you pay your premiums. Permanent life insurance can help you to build cash value which usually accumulates at a guaranteed minimum interest and is available to help fund retirement, emergencies and more. Good thing about the cash vale is, the law currently allows your cash value to grow tax deferred.

 什麼是人壽保險?

人壽保險是用來保障您家人在您身故後衣食無憂的重要來源。 當您和保險公司簽立壽險合約後，您按照合約按時給付一定的保費，保險公司則承諾在您身故後付給您家人一筆無需扣稅的理賠金， 以供您的家人支付下列的費用:

醫療費

喪葬費

房貸

生活費

小孩教育費

退休後的生活開銷

人壽保險可以提供您哪些保障?

生活保障:

人壽保險的理賠金可以確保您的家人保持目前的生活狀態。

現金的累積:

有些人壽保險是可以累積現金供您及家人作為教育，緊急事件處理及退休之用。  

財富的移轉: 

壽險理賠金基本上是不需課徵所得稅的。您可以將這筆理賠金使用於生意用途或用於家庭保護。  

人壽保險的選擇有哪些?

定期壽險: 

定期壽險的保費通常較終身壽險低。您可以選擇需要保障的期限如 5, 10, 20 或 30 年來受保。在受保其內，如果您離開人世，您的家人可以得到保險公司給付的理賠金。如果保障期限期滿，您與保險公司的合約就結束，您和您的家人將不會有任何的保險理賠。 如果您選擇了在保障期限期滿可以將所有保費領回的保險計劃，您的保費會比一般的定期壽險高些，但您可以將所有繳交過的保費一次領回，用作其他如退休，旅遊，教育計劃的用途上。

終身壽險:

 只要您按時繳交保費，您可以終身擁有此一壽險。終身壽險的好處有許多，其中現金的累積及保證的利息可確保您在退休之後幫助您的生活無虞。一般而言，終身壽險的累積現金是有延稅的好處的。