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Text File  |  1992-04-19  |  3.2 KB  |  58 lines
  1. --< GROUPNOT.BST >--                     (Distributed with `Ali')
  2.  
  3.  
  4.  
  5.            G * * * * * * * * * * * * * * * * * * * * G
  6.            *                                         *
  7.            R          Group  Life  Insurance         R
  8.            *                                         *
  9.            O               I S    N O T              O
  10.            *                                         *
  11.            U        Best  Term  Your  Can  Get       U
  12.            *                                         *
  13.            P * * * * * * * * * * * * * * * * * * * * P
  14.  
  15.  
  16.  
  17. +---------------------------------------+------------------------------------+
  18. |                                       |                                    |
  19. |             GROUP  PLAN               |      BEST  INDIVIDUAL  TERM        |
  20. |                                       |                                    |
  21. +---------------------------------------+------------------------------------+
  22. |                                       |                                    |
  23. | [ ] Contingent on employer's          | [V] A straight two-party contract. |
  24. |     contract with insurance company.  |     No third party.                |
  25. |                                       |                                    |
  26. | [ ] Contingent on employment status.  | [V] Independent of employment      |
  27. |                                       |     status.                        |
  28. |                                       |                                    |
  29. | [ ] Continued insurability is not     | [V] Life-time insurability is      |
  30. |     guaranteed.                       |     guaranteed.                    |
  31. |                                       |                                    |
  32. | [ ] Policy protection, insurer's      | [V] Policy protection, insurer's   |
  33. |     obligation, limited to one to     |     obligation, is not arbitrarily |
  34. |     two times annual salary.          |     restricted.                    |
  35. |                                       |                                    |
  36. | [V] Current premium is often cheaper. | [V] Current premium is higher, but |
  37. |     (Subsidized by employer)          |     still very competitive.        |
  38. |                                       |                                    |
  39. | [ ] Premium goes up in later years.   | [V] Premium stays level over 20    |
  40. |     (Normally every five years)       |     years.                         |
  41. |                                       |                                    |
  42. | [ ] Future rates are not capped.      | [V] Future rates are capped.       |
  43. |                                       |                                    |
  44. +---------------------------------------+------------------------------------+
  45.  
  46.  
  47.  * Any group plan not from work always dictates more restrictions and is
  48.    always more expensive.    Stay away.   Nobody is required to buy it.
  49.  
  50.  * In one 'membership' group term insurance, the protection amount starts
  51.    to decrease exponentially after age 60.   It is one of the worst value.
  52.  
  53.  * Life insurances advertised on TV are often the most expensive.  Even
  54.    those claimed to be group term.
  55.  
  56.  
  57. Copyright (C) 1991 Wintech Enterprise.
  58. All Rights Reserved.