Info Type
View Option
Sort by Keyword
Sort by Category
- Useful info
- Signature service
- Discount
- Satisfaction guaranteed
- Complimentary
- First-time
- Free trial
- Entertainment
- Renewal
- Event
- Press Release
- Problem solution
- Wanted
- Introduction
- Other
Sort by Industry
- Restaurant / Gourmet
- Gift / Shopping
- Fashion / Apparel
- Entertainment / Hobby
- Travel / Leisure
- Transporation
- Life / Housing
- Education / Lesson
- Ceremonial Occasion
- Beauty / Health
- Medical
- Government / Public
- Computer / Electronics
- Auto / Motorcycle
- Finance / Insurance
- Professional
- Corporation / Manufacture
- Media
- Religion
- Nightlife
- Group / Organization
Back
This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
Finance / Insurance / Useful info
Five Types of Life Insurance in the U.S.
I know that life insurance can be confusing for some of you.
"I hear rumors that the US has a better insurance program than Japan !"
In this page, we will explain the five types of life insurance in the US as follows.
In case you are wondering, not good or bad, it is said that only 1. Term Insurance&2. Whole Life Insurance is offered in Japan out of the following 5 types of insurance. \I am a Hawaii State Life&Health Insurance License holder, so please understand that I will not compare the Japanese License with the Japanese one.
The 5 Types of Life Insurance in the U.S. are
1. Term, 2. Whole Life Insurance, 3. Universal Life Insurance, 4. Whole Life Insurance, 3. Universal Life Insurance, 4. Variable Universal Life Insurance, 5. Index Universal Life Insurance.
1. Term Insurance : As you know, this is a life insurance for a certain period of time. The monthly premium is low, but it is only a death benefit and does not accumulate. And once the policy is over, if you want to re-subscribe, the premiums will go up dramatically as you get older, depending on your age.
2. Whole Life Insurance : This is an accumulation type life insurance policy for life. The annual interest rate is about 4% (depending on the economic situation) on the premiums you have accumulated. \The monthly premium is a fixed amount. The monthly premium is a fixed amount. Usually, this type of insurance has the highest premium.
3. Universal Life Insurance : This is an accumulation type life insurance for life. It pays an annual interest rate of about 5-7% on the amount accumulated. \The monthly premium is fixed and varies depending on your financial situation. \The monthly premium is not fixed, but you can choose a minimum to maximum premium amount depending on your personal financial situation.
4. Variable Universal Life Insurance : This is a life savings type life insurance policy. The accumulated amount is transferred to another account and put into a so-called Mutual Fund. Therefore, it is an investment type insurance, and the amount of savings may go up or down depending on the market's performance. The monthly deposit is not a fixed amount, but can be paid flexibly between minimum and maximum.
5. Index Universal Life Insurance : This is a life insurance policy with a life time savings plan. The interest rate varies according to the Market Index (e.g. S&P 500), but ranges from about 1% to 12.5% per annum.
* * Some Hawaii residents who do not have U.S. citizenship or permanent residence may be eligible for Hawaii state insurance. Some people may be eligible to purchase a U.S. annuity or long-term care insurance while living in Hawaii.
We are a licensed Hawaii Real Estate Broker ・ and handle the buying and selling of real estate in the state of Hawaii, including ・ individual life insurance ) annuities ・ long-term care insurance ・ 401K, IRA rollovers, and more. In addition, we provide individual and family oriented guidance on the most beneficial ways to apply for Social ・ Security benefits. (NARSSA Member : National Association of Registered Social Security Analysts )
- Posted : 2024/05/03
- Published : 2024/05/03
- Changed : 2024/05/03
- Total View : 187 persons
- Find local business with Town Guide
-
- 🏠 Rental Housing Information | Homes ・ C...
-
GOLDSEAI Hawaii works with the largest real estate search site in the U.S. to introduce you to the best rental properties. Our professional real estate brokers will help you find the best price for s...
+1 (808) 861-4461GOLDSEAI Honolulu
-
- We are a music school where anyone from ...
-
We are a music school where anyone from babies to seniors can enjoy attending. We teach from beginner to advanced level. Please contact us first. ~ Music Classes ~ Piano Violin Karaoke Voice ( S...
+1 (808) 741-9088Renee's Music Studio
-
- We offer a wide range of services from c...
-
Born in Tokyo, Japan. Graduated from Michigan State University with a degree in Medical Psychology. After working in Japan at the headquarters of Mitsui & Co. and in the U.S. at General Motors, Nissan...
+1 (808) 591-2002Moana Realty LLC
-
- Learning ! and experiencing ! the Americ...
-
Hawaii Health Care School (HHS) will offer a class for Japanese speakers to earn their Nurse Aide certification while learning English. Classes will be taught in English, but with NA certified interpr...
+1 (808) 791-5825Hawaii Healthcare School
-
- Providing car services to people in Japa...
-
If you need to sell your car immediately, please do not hesitate to contact us. On-site assessment, pick-up just before your return date, and payment by cash or check on the same day are also availabl...
+1 (808) 304-6444Aloha Auto Depot
-
- From daily use to souvenirs ・, we offer ...
-
J Shop offers fresh ingredients daily. We are a wholesaler, so you can enjoy fine restaurant quality ingredients at home. If you have any special items you would like to order from Japan, please fee...
+1 (808) 200-5076J-Shop - Japanese Grocery Store
-
- The authentic taste of Hawaii. Sushi Tak...
-
Sushi Legend Takumi Comes to Waikiki ! The acclaimed sushi restaurant Takumi has finally opened its first location outside of Japan at the Ritz ・ Carlton ・ Residence in Waikiki. Enjoy an omakase style...
+1 (808) 729-9717すし匠 | Sushi Sho - Hawaii
-
- A Japanese-affiliated real estate agency...
-
Located in the heart of Waikiki, Lei Hawaii Real Estate is a real estate agency that offers properties that are uniquely Hawaiian. As a Japanese-affiliated real estate agency, we maintain a thorough c...
+1 (808) 922-3008レイハワイ不動産 | Lei Hawaii Realty
-
- Let us help you with your family sponsor...
-
Our services include application for permanent residence by marriage, bringing in family members, removal of conditions, renewal, name change, citizenship application, overseas travel permit, DV Lotte...
+1 (424) 250-0807All-Star Immigration Services, LLC
-
- The only Japanese supermarket in Waikiki...
-
We offer a lineup that matches the season. Sashimi and sushi made from fresh fish are very popular with Hawaii residents and visitors alike. The spacious food court is also equipped with microwaves an...
+1 (808) 489-9020Mitsuwa Marketplace - Hawaii
-
- Top quality home care services by Japane...
-
We have been providing home care services to Japanese American seniors in the Los Angeles area since 2004, and will now begin providing home care services in Hawaii. In the United States, non-medical ...
+1 (808) 466-3481Holly Services
-
- We are also open on Saturdays and Sunday...
-
Fellows, a human resources agency with 14 offices in Japan and Singapore, has opened a new office in Hawaii. Sales Representative : Oyama 808-268-7003 ( Please speak Japanese ) Please contact us at...
+1 (808) 268-7003フェローズハワイ(お仕事探し・人材紹介会社)
-
- Ringer Hut Store will be opening a new l...
-
Since its establishment, Ringer Hut has always been committed to using the freshest ingredients and providing our customers with a high-quality, delicious, healthy and safe dining experience. Nagasaki...
+1 (808) 946-7214Ringer Hut - Ala Moana Center
-
- [ TUTU Resort Wedding ] Total support fo...
-
We can assist you with your Hawaiian wedding, or you can rent only costumes such as dresses ・ tuxedos ・ and morning dresses
. We also offer maintenance services for costumes brought in by custom... +1 (808) 926-2077TUTU Resort Wedding
-
- Moving in Hawaii ・ House Cleaning ・ Room...
-
We will work with you to find solutions to your problems and deliver services that will delight you in a positive way. Moving in Hawaii ・ House Cleaning ・ Room Reorganization ・ Please feel free to con...
+1 (808) 489-1628Up & Downsizing