Explore American life insurance

Harvest Financial Group Wealth Management

Explore American life insurance

Diverse options, comprehensive protection, and easy enrollment.
Plan ahead and secure your future with ease. Discover American life insurance, the smart choice for young individuals!

Many people think of life insurance as something relevant to the next few decades, but it’s essential to know that life insurance premiums are closely tied to age – the younger you are, the lower the premiums.

As a young individual, you have the advantage of age, so it’s time to delve into the details of American life insurance. Start learning now, plan effortlessly, and ensure your future is filled with security and peace of mind.

In the United States, life insurance is primarily divided into two categories:

1.Term Life Insurance:
Term life insurance provides coverage for a specific period (typically 10, 15, 20, or 30 years) with fixed premiums. The policy expires at the end of the term.
Term life insurance is the most affordable option for protection in the event of accidental death. However, this type of insurance is more inclined towards selling to U.S. citizens, and there are more restrictions for non-citizens when purchasing it.

2.Permanent Life Insurance:
Permanent life insurance has no time limit, and the policy remains in effect after the claim is paid.

This category includes different types of insurance, such as:

Whole Life Insurance: A savings and dividend-paying lifelong insurance.
Guaranteed Universal Life Insurance: A guaranteed universal coverage.
Indexed Universal Life Insurance: An indexed, universal life policy.
(Please note that this translation is focused on the key points of the insurance types. For specific insurance details and terms, it’s recommended to refer to official insurance documents or consult with a professional insurance advisor.)

Indexed Universal Life (IUL) offers unique advantages:

  1. Lifelong Protection and Claims: Eternal security, providing support in the event of death.
  2. Flexible Premiums: Adapt to your financial plan, easily cope with changes.
  3. Accumulate Cash Value: Insurance with returns, cash accumulation without emptiness.
  4. Guaranteed Cash Value: Steady appreciation, making dreams foreseeable.
  5. Tax Advantages: Wealth growth without tax pressure.

Taking everything into consideration, IUL insurance is the optimal choice for young Chinese-Americans. With the continuous upgrades and innovations in the life insurance market in the United States, some insurance types have developed features that increase cash growth and pre-death benefits, including IUL insurance.

Pre-death Benefits: Pre-death independent claims typically include payouts for chronic illnesses, major diseases, accelerated death, and terminal illnesses. These funds are used to cover the insured’s medical expenses and advanced treatment methods.

Long-Term Care: For insured individuals who suffer from chronic illnesses or disabilities and are unable to care for themselves, they can apply for claims to fund long-term care and well-being.

Death Benefit: In the event of the insured’s death due to illness or accident, the beneficiaries receive the death benefit according to the policy.

Savings and Investment: Besides covering insurance costs, IUL premiums also accumulate in the policy’s savings account. The cash value in the savings account grows in line with the fluctuations of the indexed market. Additionally, IUL insurance provides a guaranteed fixed interest rate as a safeguard.

Cash Value: The cash value in the policy’s savings account has versatile uses. It can be withdrawn or flexibly utilized through policy loans.

Tax Benefits: Insurance claims, cash value growth during accumulation period, and policy loans are all tax-free and not subject to capital gains taxation.


Life insurance prices depend on the insured’s risk rating. The higher the risk rating, the more expensive the premiums.

Factors affecting risk rating include:

Age: Older age leads to higher risk ratings.
Gender: Males have higher risk ratings than females.
Health: Poor health results in a higher risk rating.
Smoking: Smoking leads to a higher risk rating.
Occupation/Hobbies: Riskier occupations or hobbies result in higher risk ratings.

Get excellent protection effortlessly! A concise guide to applying for American life insurance:

STEP 1:Leave your information and customize a personalized plan.
STEP 2:Professional agents assist you in the application process.
STEP 3:Insurance company review, wait with peace of mind.
STEP 4:Supplement application materials and schedule a medical examination.
STEP 5:Policy approval, receive the contract of protection.

With just 5 simple steps, embrace a secure future! The application process is easy, and your happiness is safeguarded from now on!

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