Knowing Your Permanent Life Insurance

Hello All,

Permanent life insurance is life insurance that is available for your use until your death – no matter when that is. Unlike term insurance, there is no ending period or termination date for your policy. Many times, permanent life insurance is also called ‘cash value’ life insurance because the premiums you pay are for ‘pure’ coverage and any associated expenses, with the remainder of your balance in a cash value account managed by the insurance company. The cash value of your policy grows depending on the type of policy you buy (universal life, whole life, or variable life). Any interest and earnings are tax-deferred until withdrawn or become part of the death benefit amount when you die. Permanent life insurance usually has a higher premium than term life insurance.

As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost.

Many people use permanent life insurance to cover long-term needs since the coverage you pay premiums on is good for the rest of your life. There is no annual renewal, no need to provide proof you are insurable (i.e. medical exams) and the policy locks your premiums so you don’t need to fret over increasing premium costs as you age or if your health declines. Cash value policies are similar to annuities in that all the interest and earnings grow income tax free unless you surrender the policy or begin to withdraw from the account. You can actually grow quite a bit of equity in your policy over the years and may actually end up with a benefit greater than the initial amount of the policy.

You are allowed loans and withdrawals from the cash value account of your policy, with a fixed or variable rate interest assigned to loans. However, if you withdraw a loan against your account it will reduce the overall amount of death benefit available to your beneficiaries by the amount of the loan. It will certainly reduce the available cash value and could conceivably cause the policy to lapse. If you surrender the policy with an outstanding loan you could also face heavy tax penalties (learn what to do if you lost the PAN card, to avoid penalties). Withdrawals from the policy are tax free up to the amount you’ve paid in premiums but this may not be the case if your policy is considered a Modified Endowment. Withdrawals and loans from a Modified Endowment  policy are taken first from earnings, making them fair game for income tax laws.

Unfortunately, the advantages to a cash value, permanent life insurance policy are weighed with a few disadvantages. First, premiums for permanent life insurance are usually higher than for a comparable term policy, at least during the early years. Initially, you are paying more than is needed to pay for the insurance so you build the cash value account, or fund, in order to offset the higher cost of insurance when you are older. It is also possible to purchase a variable life insurance policy. Variable life insurance policies use investment opportunities to grow your cash value account, leaving them exposed to financial gain or loss depending on how the investments perform. Losses directly cut into the value of your cash account and could affect the total amount of the policy on your death; a minimum death benefit is almost always guaranteed, however.
Until next time,

Michael Hartmann
Tweeter: @FindurPolicy

Always remember our Mission Statement


Ensure Your Heirs Will Get Their Life Insurance Benefits

FT.LAUDERDALE, Florida, April 26, 2016—(PR NEWSWIRE)—While producers of TV shows* are trying to figure out why the insurance companies are not paying out to beneficiaries when they know the insured has died, smart consumers are ensuring that their heirs won’t have to hope to be contacted thanks to a FREE registry service called

According to a recent CBS 60 Minute story, “audits of the leading Insurance Companies have uncovered a systematic, industry wide practice of not paying significant numbers of beneficiaries, even though they know the insured has passed away”.

“When you die, it isn’t the responsibility of your insurance company to contact your beneficiaries—up until a few years ago your insurance company, had no way of knowing when you die, unless a beneficiary contacts them,” notes Michael Hartmann, CEO of “It was up to you to make sure your beneficiaries know where to find your life insurance policy.” Since then the Insurance Commissioners got together to have insurance companies search the Death Masters File which lists Social Security numbers of individuals that have passed away in the United States. However, according to the news story, some insurance companies refuse to comply. They feel it is only their responsibility to sell insurance and not to contact the beneficiaries. was designed to solve this ongoing problem of unclaimed life insurance by allowing the insured to register the company name they have life insurance with, so that beneficiaries can locate it when the time comes.
“Due to the Privacy Act, insurance companies will never get together and create an active life insurance database. It is up to the individual with life insurance to register on such a database.” according to Michael. “We are always looking for that one insurance company or agency that sees the benefit to their customers; all they have to do is register the company name.” is an FREE online registry designed to ensure that beneficiaries receive the life insurance benefits arranged for them. Storing low-risk information like the names of insurance companies at which members have policies, is an easy to use and easy to understand service. Using only a member’s birthdate and the last four digits of the social security/social insurance number, beneficiaries may search to locate registered assets.

* CBS 60 Minutes “Not Paid”

Finding Lost Life Insurance Policy The Best Way

Lost, unclaimed or forgotten life insurance policies are quite common. They make about one-fourth of all the life insurance policies obtained. There are more than a thousand insurance companies in the United States alone, therefore, finding a lost insurance policy is like looking for a needle in a haystack. It is unfortunate that there is no public database available to trace these policies, because of the privacy policy of the insurance companies.

To help you with this frustrating search, we are discussing five strategies that can help you in finding the lost legacy of your loved-one.

Search Personal Records

Searching through the financial records of the deceased person is the easiest way to look for a lost insurance. Go through the bank details, files, and other confidential documents to look for some information related to the insurance company.

Contact Financial Advisor

Contact any person who would be familiar with your loved one’s financial matters. Lawyers, business associates, employer, co-workers, and financial advisor might prove to be of great significance in this process.

Check Old Tax Returns

Since, insurance policies may be subjected to tax deductions; you might look for the lost life insurance policy by checking the previous year’s income tax returns.

Call the company

If you think, your family member had insurance policy with some particular company; you may try your luck by giving them a call. The more information you have about your loved-one, the better it is. Try looking for the lost policy by telling them the name, date of birth, and social security number of the deceased one.

Use a Policy Locator Service

This is probably the best way to look for a lost life insurance policy, provided that your loved-one has registered his information on any of such portals. We recommend you to use FindYourPolicy. It is easy and charges minimal fee for the service.

FindYourPolicy – Best Way to Look for a Lost Insurance Policy

FindYourPolicy is a company which ensures that your loved ones get benefitted from your hard-earned money. It is a tracing service that can help you locate an insurance policy, long term care policy, annuities, storage units, safe deposit boxes, brokerage accounts, and pension plans.

Registering at FindYourPolicy

Registering at FindYourPolicy is an easy and quick process. If someone wants to register for the service they have to provide their full name, email address, last four digits of social security number, date of birth, and name of the company where they have life insurance policy.

Finding a Policy at FindYourPolicy

This service can be obtained against a nominal fee of $19.95. The beneficiaries can search the portal by providing information of their loved ones. In case they are unable to find the information they are looking for, FindYourPolicy assists them in the search by providing them with an online guide, which can help them in searching the lost policy.

Make sure that you do not let a life insurance policy go to waste! FindYourPolicy makes sure that your loved-one’s efforts to improvise your life do not go useless.

Until next time, Michael Hartmann

Always remember our Mission Statement


Another Way To Find Lost Money was created to prevent lost life insurance and the loss of many other assets that are very important. However, there are organizations with in the Government that can assist with lost money that is owed to you. A while back Opera even showed this on show and made quite the impact. My friend Mary Pitman (The Missing Money Lady) has written a book that I feel would be beneficial to everyone using it. Take a look at her website and ask her any questions that you have. You can see her website from here.

Until next time, Michael Hartmann

Always remember our Mission Statement


Claims for Life Insurance Policies

Losing a loved one is quite distressing for those who’re left behind. With a loss as great as this, everything else shrinks into the shadows, only to be discovered years’ later. Most of those who live to a graceful old age are bound to have invested in life insurance policies – to give their dependants a safety net after them. Amidst all chaos and suffering, this is the last thing that catches your attention. But when it does, this doesn’t make things any easier. Hunting for life insurance policies and filing claims can be very tiring – especially if you don’t have any clue where to start. This is why was created. We help you locate insurance policies by supplying you with the company name to call.

Unclaimed Life Insurance – Reality Check

According to an estimate, the insurance companies owe about $2 billion in unclaimed life insurance policies. In fact, most insurance companies hope for lost life insurance so that they don’t need to reimburse the promissory note. As long as there aren’t any claims issuing from the beneficiary’s end, they needn’t worry about the compensation. What’s more; the insured typically wouldn’t share this information with the beneficiaries. So it is left pretty much up to fate to make the insurance policy work!

Life Insurance Database – Preserving Records

At, we maintain a life insurance database registry containing what the insured person wrote down. They may have written down the name of their insurance company along with the location of a Safe Deposit box or a Storage Unit. This way this information never gets misplaced or lost. We make use of the government issued personal identification number to locate this information. We’re working globally, helping people find and claim rightfully. What’s the point of getting a life insurance policy if it doesn’t deliver the desired benefits to the beneficiaries? There have been numerous instances in the past where people have had to go through tumultuous stress just to locate the deceased’s insurance policy. With so many insurance companies on the block, it is an agonizing task. Moreover, with no document to begin with, you can’t even be sure whether your loved one did have an insurance policy in the first place! Here are a few tips you can use to make sure your beloved did have an insurance policy to begin with.

  1. Bank Statements: Are there any periodic deductions from the account that seem to have been paid as premium for the insurance policy? Detailed bank statements should be able to show these details.
  2. Employers: In some cases, life insurance is mandated as a part of the employee’s compensation package. It is therefore a good idea to check with the employer if they had any similar company protocol in place. They’ll also be able to guide you to the insurance company that offered the coverage.
  3. The State Resources: You can check through the local government’s “unclaimed property” section to see if your loved one did have a transferrable possession. These databases are usually up for free.

If you are looking for a simpler way to get things done, contact Register for free and help your family members find your life insurance policy when the time comes. We’ll help you locate lost life insurance policies with just a click!

Until next time, Michael Hartmann

Always remember our Mission Statement


Unclaimed Life Inusrance

Do you have life insurance? Are you 100% sure that your beneficiaries will find it when the time comes? Many people just assume the insurance company will contact their beneficiaries when they pass away. How is the insurance company supposed to know that you died unless someone tells them?

I ran into this problem when my father passed away a few years ago. I assumed, since I was a life insurance agent, it would be very easy to locate the company. I learned there is no Government or Private database you can go to for help. Because of the Privacy Act, the insurance companies will never get together and create one. There are 100’s of Life Insurance companies in the United States alone. This is a major problem that is recognized all over the world and not only with life insurance. Bank Accounts, Safe Deposit Boxes and yes, Storage Units…. All you need is a company name. If you don’t have the company name you will definitely have a problem. And this problem is only recognized when it is too late. is a simple and safe solution.

Over the years of being in business we have come across many people that wished they had registered with us. They can’t find the life insurance company name of their loved ones… and the government and insurance companies are not helping….because they can’t.

We have individuals registering and searching the database consistently. Insurance commissioners and life insurance agents refer clients to us because they know how important it is to keep your family informed. Take that step and protect what you worked so hard to keep. Register all your family members. Search the database to see if an agent or your loved one registered with us. And feel free to send us an email with any questions.

Until next time, Michael Hartmann

Always remember our Mission Statement


Accidental Death and Dismemberment Policies

Sometimes there are subjects or topics we’d rather not think too much about; they’re too unpleasant or distasteful to think upon for very long. Losing a limb or suffering some other form of accident that causes a disabling, or deadly, condition is probably one of those shared by many of us. It is also natural to not want to deal with any possible solution or occurrence of that type of scenario so usually we don’t. It may be a mistake to do so, to not think about those possibilities, and we honestly hope we never need the insurance we pay premiums on, but that’s why there is accidental death and dismemberment insurance: to cover the situations our life insurance may not.

Unclaimed Life Insurance, missing life insurance are two sentences that no one wants to hear. Let life insurance protect your loved ones if something happens to you and register on a lost life insurance database to guarantee they will find it.

As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a lost life insurance policy.

There are accidental death benefit riders available on many life insurance policies, but usually without the dismemberment element. This is typically the case with the group insurance benefits available with an employer. Accidental death and dismemberment coverage is available as a separate policy or even part of the travel insurance coverage you receive as a benefit when you purchase train, airline or bus tickets with credit.

Accidental death and dismemberment coverage covers unusual and/or accidental incidents that typically don’t fall under other major policy riders or addenda. This is because, well, they’re accidental in nature or unlikely to occur in normal everyday life. In fact you have a greater chance of dying from an illness than you have o dying in an accident. For this reasoning the premium you pay for this type of coverage are usually pretty inexpensive and it’s rare for an insurance provider to have to pay for any claim in this type of policy.

Unpleasant as it is, the policies only pay a benefit if you die from accident or suffer a dismemberment from an accident. Anything considered natural causes won’t be covered, such as suffering a stroke while driving and turning into oncoming traffic. There are many situations and factors which make the insurance company determine what happened wasn’t an accident. Death must fall within 90 days of an accident for the life insurance benefit and a loss must be considered permanent for the dismemberment benefit. Wars, flying (not as a commercial passenger), mental or physical illnesses, and death or dismemberment caused from engaging in criminal acts are all disqualified from benefits.

The main drawback to accidental death and dismemberment insurance is that it is very limited. It isn’t recommended you use it as your main source of insurance protection against death or disability. Purchasing group life, individual life and disability insurance offers a much larger range of coverage (and fewer exclusions) than a death and dismemberment policy. If the option for a death and dismemberment policy is available for free in part of an employer benefits package or because you’ve purchased travel tickets with your credit card then certainly take advantage of it. For the most part, unless you work in a high-risk area or you can’t get qualified for life and disability insurance coverage through other means, buying accidental death and dismemberment coverage may not

Until next time, Michael Hartmann

Always remember our Mission Statement


Compare Term Vs Whole Life Insurance Policy

On the surface not a particularly exciting question, but one asked shockingly regularly as many folk won’t truly know the most important difference between types of cover plans. To begin with policies for life insurance come in 2 main forms with numerous sub forms under each.

The 2 main sorts of allowances can be headed under the titles of term life insurance and entire life policies often referred to as universal cover. And both types of guarantee offer at their heart a money pile payout to the customers elected beneficiaries ( often family and/or friends ) on the clients death. So many individuals will understand the need for some kind of protection for their family should anything unlucky happen to themselves.

Insurance payments can be serious and offer the clients beneficiaries an enormous fiscal cushion in the eventuality of the clients death. Term insurance, term guarantee was the first and first kind of life cover policy and has been a product offered by insurers for over a hundred years. Term cover policies remain a very hip form of life cover as usually a term life policy will be the least expensive sort of life cover one can offer.

Term cover will be offering an important payout to beneficiaries in the eventuality of the customers passing. But doesn’t have a money payout to the beneficiary at their retirement as with a great many whole-life policies. Because of this usually the premiums paid for term life cover will be significantly less expensive the entire or universal insurance programmed. Full life insurance or universal policies are a more recent type of life coverage.

Offering the client as with term cover a giant payout to their appointed beneficiaries on the policyholder’s death. As well as this will universal and entire life policies will supply a money payout to the policy holder on or round the holder’s retirement and at maturity (completion) of policy. An entire or universal life policy can be regarded as life cover with an attached savings scheme or annuity part to pay to the policy holder at or around their retirement. Which is best, term or full life insurance? The solution to which is best, term or whole-life insurance, isn’t simple.

When you’re looking for the least expensive kind of cover and keeping your monthly premiums to a low then a term life insurance policy will almost surely be your decision.

posted by (terrowhite)

Until next time, Michael Hartmann

Always remember our Mission Statement


Can the Courts Change Your Life Insurance Beneficiary

Can the court change a life insurance beneficiary named on the policy? 

There have been certain cases in which the court didchange a life insurance beneficiary named on the policy, but it always included a legal battle of sorts and some valid reasons as to why the beneficiary should be changed. Further, this decision cannot be made by the life insurance company. It always must be a court-based decision to change the beneficiary if the insured has died.
But let’s not get ahead of ourselves. Let’s first start with defining the term “beneficiary”. The primary beneficiary is defined as the person who will receive the payouts from the life insurance when the insured passes away. If for some reason the primary beneficiary dies before the insured, the contingent beneficiary receives the life insurance benefits. And for most purposes, a beneficiary can be changed by the insured filling out the necessary paperwork required by the insurance company.
There are two general types of beneficiaries. The first is referred to as a revocable beneficiary, which means that you have the ability to change them in the future by simply filling out the necessary paperwork with the insurance company as previously discussed. The second is called an irrevocable beneficiary. This is a beneficiary that cannot be changed unless the beneficiary actually legally agrees to the change. If the irrevocable beneficiary refuses to sign the insurance company’s necessary paperwork, they will stay on the policy and a court will most likely be unable to change the conditions.
The courts typically end up getting involved when the insured dies and there are questions regarding to the named beneficiaries. These are certain situations which tend to prompt “gray areas” which can quickly escalate into legal battles. For instance, when marriages, divorces, births or even deaths happen very near to the insured’s death, this can create a question of if those new individuals should have been added/removed from the policy as a beneficiary.
These types of situation create the perfect storm for a legal battle to prove that someone should have been added or removed a life insurance policy as a beneficiary prior to the insured’s death. Further, if the insured is very ill and makes significant changes to the beneficiary very close to the end of their life, this can also create a situation in which there is a legal question of whether the insured was of sound mind at the time the decisions were made. Another potential scenario is when the family members of the insured do not agree with the beneficiary choices made, and this can result in a court case to be changed as well.
All of these situations end up being a warning for those that are going through the process of naming beneficiaries for a life insurance policy. Here are a few tips to keep in mind while deciding who and how many beneficiaries to name on your life insurance policy:
First off, if you are naming a minor beneficiary, keep in mind that you must also appoint a guardian to help manage the benefits until the minor beneficiary reaches 18. There should be thoughtful consideration into whom that guardian will be, as they will possess much of the power over the intended benefits.
Second, make sure to clearly state full names of the intended beneficiaries. Further, it is wise to include exact percentages or amounts that you would like them to receive. The less ambiguity, the less chance this will end up getting questioned or taken to court.
It is a wise decision to consider naming contingent beneficiaries to the policy. As previously defined, these are contingent beneficiaries that will only receive monetary payouts if the primary beneficiary dies before the insured. This way it will protect your benefits if the primary beneficiaries are not able to receive the payouts. There is also a final layer of protection called tertiary beneficiaries, which assumes that if the primary and contingent beneficiaries die before the insured, the tertiary beneficiary will receive the proceeds.
As stated before, the court does give options to someone that is looking to change the beneficiary on a life insurance policy for a multitude of reasons. However, it is always best to take precautions, plan ahead of time, and update your policy on a regular basis to avoid putting your loved ones through court room confrontations.

Until next time Michael Hartmann

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Reasons Why You Need Life Insurance

There are plenty of people who believe the life they have on this earth is positively theirs. That is the reason why they spend their cash on many worthless things that can’t satisfy their souls. At the end, it’s known to us that material things can’t be brought in wherever we are going when we die. Except for the ones who recognized this fact, they instead spend their money on reasonable and durable things. Things which they know can effect and help those whom the future is still unknown. For them, it’s way better to save for others than to secure their own selves. This is what people typically feel.

Rather than gratifying their own wants. They rather plan in advance for their family’s security. This explains why life insurance policies are common services acquired by mothers and fathers. It doesn’t only make them insured but also gives them the reassurance that they merit.

Life insurance policies can be acquired by a parent or both mother and father. Premium is needed to serve as the benefit in the final analysis. They can be given in an one-off sum or in installments. Unlike allowances, life insurance benefits can only be claimed by the beneficiaries. Like every other insurance, life insurance policies differ. There are the ones that are paid in fixed terms while there are the ones that have flexibleness in their premiums. Nonetheless whatever policy is selected, here are the top reasons why you should have one for your friends.

It keeps you insured. As discussed, a Life Insurance Company will help you keep you insured. Putting it simply, it makes you prepared if you meet death suddenly. It promises you that regardless of what, your loved ones are already insured without or with your presence. You experience accomplishment in that you have recently saved something for your loved one’s future. It alleviates them of the responsibility, if you die, they will not be left defenseless. They won’t have to rely on someone else to make provision for their subsistence.

This also may include the costs that might be brought on by your funeral costs and other costs that’ll be sustained. If you left in the dust delinquent liabilities and bills, your folks also will be relieved. They won’t suffer both form losing you and the price of your absence. Children’s Education. Life insurance also works like an instructional plan if you have selected the most elaborate one. Be assured your youngsters can reach the dreams you have cleared the trail for them. Business reasons. Life insurance is also favorable for enterprises. You can insure your key worker so that your enterprise won’t suffer great loss, in case he dies.

Otherwise, you and your partner can also get life insurance so that in case one of you may die, there’ll be no hiatus over who the dead family. This will help you avoid issues and misunderstandings in the business.

posted by (Terro White)

Until next time, Michael Hartmann

Always remember our Mission Statement