FAQ
Our Answers to Popular Questions!
What is an Insurance?
An insurance is a type of protection against insured's unexpected financial losses. Buying an insurance is one of the ways to manage the insured's pure risk. The insured pays the insurance premium to an insurer (the insurance company) in a routine basis, and get paid by the insurer when something bad occurred.
Can I Trust National Life Group?
Why Do I Need an Insurance?
Generally, there are five ways of risk management: avoidance, reduction, retention, sharing, and transfer. Buying an insurance is the transfer of one's pure risk to the insurance company. The pure risk is the risk that one cannot control and has an outcome of either loss or no loss at all.
Who is Life Deals?
Life Deals consists of a number of licensed life insurance producers, representing the life insurance products of National Life Group. All products and information displayed here can be found in the official website of the National Life Group: https://www.nationallife.com/
Can I Trust National Life Group?
There are many credit rating agencies (i.e., A.M.Best, Standard & Poor's, and Moody's, etc) to assess the financial strength of all existing insurance companies. At 2019, the rating from A.M.Best, Standard & Poor's, and Moody's are A (Excellent), A+ (Strong), and A2 (Good), respectively. Data can be found in the Business Highlights on the Our Business page.
Can I Trust National Life Group?
There are many credit rating agencies (i.e., A.M.Best, Standard & Poor's, and Moody's, etc) to assess the financial strength of all existing insurance companies. At 2019, the rating from A.M.Best, Standard & Poor's, and Moody's are A (Excellent), A+ (Strong), and A2 (Good), respectively. Data can be found in the Business Highlights on the Our Business page.
Can I Trust National Life Group?
There are many credit rating agencies (i.e., A.M.Best, Standard & Poor's, and Moody's, etc) to assess the financial strength of all existing insurance companies. At 2019, the rating from A.M.Best, Standard & Poor's, and Moody's are A (Excellent), A+ (Strong), and A2 (Good), respectively. Data can be found in the Business Highlights on the Our Business page.
What is an Insurance?
An insurance is a type of protection against insured's unexpected financial losses. Buying an insurance is one of the ways to manage the insured's pure risk. The insured pays the insurance premium to an insurer (the insurance company) in a routine basis, and get paid by the insurer when something bad occurred. A life insurance protects the financial loss of the insured's family due to the death of the insured.
Can I Trust National Life Group?
Why Do I Need an Insurance?
Generally, there are five ways of risk management: avoidance, reduction, retention, sharing, and transfer. Buying an insurance is the transfer of one's pure risk to the insurance company. The pure risk is the risk that one cannot control and has an outcome of either loss or no loss at all.
Is COVID-19 Covered?
Who is Life Deals?
Life Deals consists of a number of licensed life insurance producers, representing the life insurance products of National Life Group. All products and information displayed here can be found in the official website of the National Life Group:
https://www.nationallife.com/
How Many Insurance Products You have?
There are many credit rating agencies (i.e., A.M.Best, Standard & Poor's, and Moody's, etc) to assess the financial strength of all existing insurance companies. At 2019, the rating from A.M.Best, Standard & Poor's, and Moody's are A (Excellent), A+ (Strong), and A2 (Good), respectively. Data can be found in the Business Highlights on the Our Business page.
YES! Our insurance products covers the pandemic COVID-19 related death and long-term illness. Please refer to the page "National-Life-Is-Here-to-Help". Also, due to the essence of indexed universal life insurance product, we provide investment account down side protection. That is, we provide guarantee against losses due to market volatility and declines.
We offer Indexed Universal Life (IUL) insurance, Term insurance, Whole Life insurance, and Annuity. All our products are embedded with living benefits that the policy-owner/insured can use when he/she is still alive. Our featured product is IUL "Living Life By Design" that one policy fits all angles of needs such as dies too soon, lives too long and becomes ill. Please refer to our product page for more info.
What Are "Living Benefits" All About?
A living benefit provide supplementary benefits and protections to the insured at situations when his/her financial demand is huge and persisting, such as long-term care and/or long-lived retirement. It protects the insured when he/she becomes ill because of terminal illness, critical illness, critical injury, and chronic illness. It also offers continuous income flow up to age 120.
My Health Insurance Covers Long-Term Care, Why I Need to Be Covered by a Life Insurance?
The long-term care (LTC) coverage in health insurance only covers the expenses for medical needs, but the benefits you'll gain from a life insurance can be used for any expenses as you want. Please refer to this blog article to get a deeper dive of how LTC in a life insurance beats the LTC in a health insurance.
I Put a Fortune in My Retirement Accounts, Why I Need a Life Insurance?
A life insurance offers your retirement income up to age 120 and a one-time cash settlement at the age 120, without tax. Certain insurance product can even offer retirement payment offset the inflation. There're some uncertainties for your retirement income from your retirement accounts: inflation, tax arise for 401k etc, social security pool dries due to extensive claims.
Why Life Insurance Producers Frequently "Pushing" Me to Buy a Life Insurance?
Well, it's individual depended. In most cases, producers "push" clients because they know life insurance is a good product offering fantastic financial protection due to life losses, as human beings are fragile. Producers see a lot heart-breaking cases and stories, which urge them to have the enthusiasm to introduce suitable life insurance products to needed people. Take a look at our testimonials channel and you'll find out the why.
Will I Gain Better Investment Returns in a Life Insurance Than in the Stock Market?
Our IUL investment strategies can follow S&P 500, Hang Seng, and Credit Suisse. What we offer is called "Downside Protection, Upside Potential". In a nutshell, we lock your return at 0% when the stock market declines to negative return, and we match your return up to a specific percentage when the stock market ascends. The percentage of the current year is 7.05%. It's really a number game, but there're some easily ignored details are playing important roles. Check this blog to find out more.