What’s The Lowdown On Variable Universal Life Insurance?
If you're wanting to learn about Variable Universal Life Insurance, then you're in luck because this article is just what you need.
- It’s a form of permanent life insurance that has a savings component as well as an investment component.
- The value of the savings component changes depending on how much money is contributed and how it's invested.
- You can withdraw up to 10% of the money in your account at any time without paying taxes or penalties.
- The investment portion of the policy is that you invest the money and the premium payments that you make are used to buy more Universal Life.
- The policy can be “unreleased”, which means that if your cash value reaches a high enough level, you can withdraw all of the money from the plan. This is good if you need to use it for various purposes such as paying off bills or paying for medical bills.
- It doesn't have term life, but it does have a death benefit and an HMO (Health Maintenance Organization) option.
- You can choose to convert your variable universal life insurance into permanent life insurance by taking out an annuity with one of many banks in this country.
- An annuity is another type of life insurance policy that uses the cash value and interest to pay off an income stream.
- You can also borrow against your policy, which will reduce the death benefit.
- Variable Universal Life Insurance is a great way to invest your money, especially if you’re just getting started and aren't sure how to invest it.
If you're wanting to buy life insurance or if you want to know more about how Variable Universal Life Insurance works, make sure that you contact a professional who knows what they're talking about. It's always a good idea not to get scammed into buying something that's not really worth it. I hope that this article will help you learn more about Variable Universal Life Insurance and how it can benefit you.
The following sites provide information on variable universal life insurance:
https://www.dmli.com/variable-universal-life
http://www.financer.org/variovuln1
https://www.webingtonlifeinsurance.com/VULI/VULI_CMS.aspx
Web page for VULI - www.dmli.com/variable-universal-life
Palo Alto Networks, Inc., v, United States District Court, Eastern District: "Palo Alto Networks, Inc . v. United States of America." This is a case with an entirely different title in which the Federal Circuit recently held that the "United State Patent and Trademark Office has exclusive jurisdiction to adjudicate an invention challenge to a patent application, so long as the claim in question is directed to patentable subject matter under 35 U.S.C. § 101."
"...whether a "financial transaction" involves "a 'gift or transfer of money or other thing of value. '"
"Emma Williamson, "The Canons of Patent Law: Same-Sex Marriage and the Federal Circuit's Embrace of Comity," 2013 Duke L. & Tech. Rev. 131, 135."
"'In sum, Emma Williamson and I were fortunate to have been a part of history which will stand as precedent in the halls of the U .S .P .T .O . for decades to come.' Id."
1993-1997 – COO/CFO for the law firm Weiss & Noah (both firms merged in 1997). In 1993-1996, led the first company to offer variable universal life insurance policies in the United States.
In addition to his life insurance career,
He was an amateur baseball player in high school and college, and an avid sports bettor.
He also owned a restaurant for five years, and worked as an investment banker for eight years.
In 1989, he was diagnosed with cancer and underwent surgery to have his right testicle removed.
Two weeks after being hired at USAA Financial Services Company in 1999 (Feb 17th), he was terminated on June 11th because his "attitude" was not considered "appropriate.”
He was terminated for revealing personal information he obtained from hiring managers, after the pretext of "looking for a job."
He went to his supervisor's office at noon one day and "sprayed" (gave a verbal description of) his position. His supervisor returned his call when the phone rang at 3:45 p.m. "just to see who it was," and he was terminated that evening.
Korman left USAA in 2001, and then founded United Safety Insurance Company, Inc., in 2002 ( www.usiasurancecompany.com ).
"United Safety Insurance Company, Inc. v. United States of America.",
This case was litigated in the Federal Circuit from 2006-2008, and resulted in Korman serving 21 months in prison for contempt of court (not for his actions with USAA).
He also attracted the attention of the U .S .P .T .O. and was charged with defrauding them through his company’s failure to pay a patent fee. He pleaded guilty to two counts of fraud on May 28th, 2011.
The U .S .P .T .O. suspended his license on June 10, 2010, and he was ultimately disbarred in February 2016.
He was also charged with defrauding the U .S.P.T.O. of $2,500 through his company’s failure to pay a patent fee; pleaded guilty in Federal Court on August 14th, 2015. He was sentenced to 18 months imprisonment on November 16th (2016).
On July 9th, 2017, after serving 17 months in a prison for defrauding the U .S .P .T .O.
Conclusion: He was charged with defrauding the U.S.P.T.O. in 2006, which did not come to light until after he left USAA in 2001 (he had to leave because they wouldn't let him be an executive officer).
He deliberately avoided paying a patent fee when he filed for his first application in 2005 through United Safety Insurance Company, Inc., (now owned by Willis Towers Watson) and then paid the fee when he was ordered to do so by the U.S .P .T .O.
He made false statements to the U .S .P .T .O.