| Cuong Cao |
Phone: (510) 836-5555
Fax: (510) 836-5005
Fax: (510) 836-5005
Insurance Specialist
702 International Blvd,
Suite C
Oakland, CA 94606
Suite C
Oakland, CA 94606
LIFE INSURANCE COVERAGE
FLEXIBLE UNIVERSAL LIFE INSURANCE
Universal life insurance provides permanent life insurance protection and access to cash
values that grow tax- deferred at competitive interest rates.
FLEXIBLE PROTECTION
Universal life products give you the flexibility to choose the amount of protection that best
suits your family or business. It allows you to increase or decrease coverage as
insurance needs change. Increased coverage may be subject to underwriting
requirements. You may not decrease your coverage below the required minimum. A
decrease may result in a surrender charge being applied against the policy's cash value.
FLEXIBLE PREMIUMS
With universal life insurance, you control the amount and frequency of payments.
Looking towards the future? You have the option to increase the premium or make lump
sum contributions, subject to limits as specified in the policy. The extra dollars grow
tax-deferred, and may increase the cash and death benefit values. On the other hand, in
a temporary cash crunch, you can pay less than the scheduled premium and let the
policy's accumulated cash value pay the remainder of the monthly charges.
FLEXIBLE DESIGN
Universal life products can be customized with innovative policy features to fit your
lifestyle
Universal life insurance provides permanent life insurance protection and access to cash
values that grow tax- deferred at competitive interest rates.
FLEXIBLE PROTECTION
Universal life products give you the flexibility to choose the amount of protection that best
suits your family or business. It allows you to increase or decrease coverage as
insurance needs change. Increased coverage may be subject to underwriting
requirements. You may not decrease your coverage below the required minimum. A
decrease may result in a surrender charge being applied against the policy's cash value.
FLEXIBLE PREMIUMS
With universal life insurance, you control the amount and frequency of payments.
Looking towards the future? You have the option to increase the premium or make lump
sum contributions, subject to limits as specified in the policy. The extra dollars grow
tax-deferred, and may increase the cash and death benefit values. On the other hand, in
a temporary cash crunch, you can pay less than the scheduled premium and let the
policy's accumulated cash value pay the remainder of the monthly charges.
FLEXIBLE DESIGN
Universal life products can be customized with innovative policy features to fit your
lifestyle
TERM LIFE INSURANCE
Term life insurance is perhaps the most basic form of life insurance. It provides
affordable protection, often with a guaranteed premium, for a set period of time. If the
insured should die while the policy is in force, the face amount is paid to the named
beneficiary. At the end of the premium guarantee period, the insured can renew the
coverage at a new premium. The premium for term life insurance is initially lower than a
comparable permanent insurance policy; however, it can increase at each renewal. This
initial lower premium usually makes term insurance an ideal choice for individuals with a
temporary need for life insurance protection.
5 YEAR TERM 10 YEAR TERM 20 YEAR TERM 30 YEAR TERM
Term life insurance is perhaps the most basic form of life insurance. It provides
affordable protection, often with a guaranteed premium, for a set period of time. If the
insured should die while the policy is in force, the face amount is paid to the named
beneficiary. At the end of the premium guarantee period, the insured can renew the
coverage at a new premium. The premium for term life insurance is initially lower than a
comparable permanent insurance policy; however, it can increase at each renewal. This
initial lower premium usually makes term insurance an ideal choice for individuals with a
temporary need for life insurance protection.
5 YEAR TERM 10 YEAR TERM 20 YEAR TERM 30 YEAR TERM
WAIVER OF PREMIUM
A waiver of premium is an optional rider that will pay your life insurance premium in case
you become disabled and are unable to work. This waiver will initiate after six months of
the insured being out of work. It will back date to the original date of disability.
PRIMARY BENEFICIARY
The primary beneficiary is the person designated on a life insurance application to
receive the death benefit in the case of the insured's death.
CONTINGENT BENEFICIARY
A contingent beneficiary would receive the death benefit of a policy only in cases where
the primary beneficiary was unable to recieve the benefits. An example of this would be if
the insured person holding the life insurance died at the same time as the primary
beneficiary.
CHILD RIDER
A child rider provides level term insurance on the life of any covererd child. This rider sis
issued in units. The issue limits are usually 2-20 units. Each unit provides $ 1,000 of
level term insurance on each covered child. The term insurance rider usually ends on
the childs 22nd birthday. At that point, the rider may be converted into a seperate
individual policy.
GUARANTEED INSURABILITY RIDER
An amendment to a life insurance policy that gives the policyowner the right to purchase
additional insurance of the same type as provided in the original policy. The additional
insurance can equal no more than an amount specified in the policy contract and can be
purchased at specified premium rates and at specified times without new evidence of
insurability.
ACCIDENTAL DEATH RIDER
The accidental death rider provides an extra $50K to 300K of additional coverage when
a death is due to an accident.
ACCIDENTAL DEATH BENEFIT
The Accelerated Benefit Option gives terminally-ill policyholders access to the death
benefits of their policies before they die. The member may receive a portion of the face
value of the insurance in a lump-sum payment.
AUTOMATIC INCREASE RIDER
This rider is designed to help you keep up with inflation by providing automatic principal
sum increases. These increases are usually 3% of your policy's principal sum.
DEPOSIT FUND
The deposit fund rider provides an optional side fund. Payments may be made into the
fund at any time and usually cannot be les than $25.
A waiver of premium is an optional rider that will pay your life insurance premium in case
you become disabled and are unable to work. This waiver will initiate after six months of
the insured being out of work. It will back date to the original date of disability.
PRIMARY BENEFICIARY
The primary beneficiary is the person designated on a life insurance application to
receive the death benefit in the case of the insured's death.
CONTINGENT BENEFICIARY
A contingent beneficiary would receive the death benefit of a policy only in cases where
the primary beneficiary was unable to recieve the benefits. An example of this would be if
the insured person holding the life insurance died at the same time as the primary
beneficiary.
CHILD RIDER
A child rider provides level term insurance on the life of any covererd child. This rider sis
issued in units. The issue limits are usually 2-20 units. Each unit provides $ 1,000 of
level term insurance on each covered child. The term insurance rider usually ends on
the childs 22nd birthday. At that point, the rider may be converted into a seperate
individual policy.
GUARANTEED INSURABILITY RIDER
An amendment to a life insurance policy that gives the policyowner the right to purchase
additional insurance of the same type as provided in the original policy. The additional
insurance can equal no more than an amount specified in the policy contract and can be
purchased at specified premium rates and at specified times without new evidence of
insurability.
ACCIDENTAL DEATH RIDER
The accidental death rider provides an extra $50K to 300K of additional coverage when
a death is due to an accident.
ACCIDENTAL DEATH BENEFIT
The Accelerated Benefit Option gives terminally-ill policyholders access to the death
benefits of their policies before they die. The member may receive a portion of the face
value of the insurance in a lump-sum payment.
AUTOMATIC INCREASE RIDER
This rider is designed to help you keep up with inflation by providing automatic principal
sum increases. These increases are usually 3% of your policy's principal sum.
DEPOSIT FUND
The deposit fund rider provides an optional side fund. Payments may be made into the
fund at any time and usually cannot be les than $25.
Copyright © 2007 Cuong Cao Authorized Agent, CA License 0E27319, All rights reserved.
Cuong Cao Insurance Agency
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| Cuong Cao |
Phone: (510) 836-5555
Fax: (510) 836-5005
Fax: (510) 836-5005
Insurance Specialist
702 International
Blvd, Suite C
Oakland, CA 94606
Blvd, Suite C
Oakland, CA 94606