Life Insurance

Why Switch to Whole Life Insurance?

admin — Thu, 08 May 2008 15:38:38 -0500

Whole life insurance, like term life, pays out after the death of the person who is insured. These two types of insurance are, however, very different in several respects. Term life is typically much less expensive, due to the fact that its protection is only temporary. Whole life, on the other hand, has much higher premiums but provides protection for your entire life. Given the extra expense of whole life insurance, doesn’t it make sense to just buy a series of term policies instead of buying a whole life policy?

Families and Life Insurance

admin — Thu, 08 May 2008 15:29:57 -0500

Life insurance is something that you probably don't want to think about, because if you have a life insurance policy for yourself, most of the time no one will see it until you are gone. This is usually something that is very depressing, and therefore many people don't want to think about life insurance. However, when it comes to your family , life insurance is very important because it can provide you with peace of mind, and provide them with the money that they would need if something was to happen to you.

Whole Life Insurance Q & A

admin — Mon, 05 May 2008 08:10:26 -0500

Many people still have trouble understanding whole life insurance. In an effort to assist further comprehension on this important matter we will look at a few of the most frequently asked questions that people have and answer them. Usually this type of clear cut Q & A method can eliminate concerns and problematic quandaries. Are you ready to discover new factors and aspects of whole life insurance? Great! Let’s begin our in depth look into whole life insurance.

Q. What is the difference between term life insurance and whole life insurance?

Term Life Insurance Basics

admin — Mon, 05 May 2008 08:07:01 -0500

There are several basic points to know when you are thinking about life insurance. When you are trying to understand term life insurance, you want to be sure that you understand the basics of how this type of life insurance works. That way, you can be absolutely sure that you have chosen the right type of life insurance for you.

Questions to Ask before Buying Whole Life Insurance

admin — Thu, 01 May 2008 08:38:42 -0500

Once you’ve decided to buy whole life insurance, you’re ready to start looking for the best deal on a policy. To make sure you get the best deal—and that you fully understand the policy you’re buying—ask your agent or insurance carrier these questions (and any others that you feel are important).

1.What events does the policy provide coverage for? What isn’t included?

Term Life Insurance: When is it the Best Option?

admin — Thu, 01 May 2008 08:36:36 -0500

Term life insurance has some definite advantages that make it the best option in certain situations. It might not be the insurance that you want permanently, but it definitely has its uses.

How does Term Life Insurance Work?

The Basics of Whole Life Insurance

admin — Sun, 27 Apr 2008 14:22:26 -0500

If you're concerned about making sure that your family will not have to face dire financial consequences if something should happen to you, purchasing a whole life policy is one of the best investments you can make. Whole life insurance is often referred to as permanent insurance. With this type of insurance, as long as you pay your premiums, you're coverage will remain in effect throughout your lifetime unless you choose to surrender the policy.

When Should I Purchase Whole Life Insurance?

Level Term Life Insurance

admin — Sun, 27 Apr 2008 14:19:14 -0500

Term life insurance has been around for a long time, and because of this there are many different types of term life insurance that you might be interested in purchasing. Some of them aren't very common, like annual renewable life insurance, due to the high premiums that a person might end up with. This causes many people to hesitate in purchasing annual renewable term life insurance, because they know that they will have to pay more money as they get older.

Whole Life Insurance FAQ

admin — Wed, 23 Apr 2008 09:13:05 -0500

Here are some simple answers to the most frequently asked questions about whole life insurance.

1. When should I buy a whole life insurance policy?

Whole life insurance is the policy of choice if you’re considering purchasing life insurance for long term goals. Whole life offers a built-in savings element, because it allows you to build cash value for your premiums, and can be used as part of your estate planning. You should consider buying whole life when you are looking for insurance that you’ll keep for your entire life.

Term Life Insurance FAQ

admin — Wed, 23 Apr 2008 09:05:39 -0500

Term life insurance is a great way to protect loved ones against the burdens one may leaver behind. Though it is less involved than other types of life insurance, there are still many common questions about term life plans.

What is term life insurance?
Term life insurance is life insurance that only covers an individual for an agreed upon term. As with any other form of life insurance, the beneficiary of the policy receives the dividends when the insured passes away.

Why should I purchase life insurance?

Life Insurance for Women

admin — Wed, 23 Apr 2008 09:01:13 -0500

Life insurance information tends to be targeted towards men: they are traditionally the most frequent buyers of insurance—particularly life insurance. Women need life insurance for all the same reasons men do: to replace lost income, pay a mortgage, provide money for death expenses, provide for the long-term security of family. Life insurance is protection, and most women don’t have enough of that protection. Increasing numbers of women are buying life insurance, but most women who have life insurance don’t have enough.

Benefits of a Graded Premium Whole Life Insurance Policy

admin — Sun, 20 Apr 2008 21:31:00 -0500

Whole life insurance is notable because it serves a dual purpose. It provides a death benefit in case of the death of the contract owner, thus offering the major benefit of term life insurance. It also serves as an investment and savings vehicle for the policy owner because the policy builds cash value. Depending on the type of whole life policy you purchase, you can quickly build cash value into your policy, and borrow against it at low interest rates, or surrender your policy for its cash value.

Term Life Insurance: Payout And Differences

admin — Sun, 20 Apr 2008 21:29:13 -0500

The most important part of a term life insurance policy is going to be the amount of money this policy pays out if the insured party dies during the term. This is, in fact, why people pay for life insurance. They are not doing it so that they can have money some day, they are doing it so that if something happens to them, they will still be able to provide for their families even if they are dead. This is something that a lot of people worry about ,and having the right life insurance policy is one way that a person can make sure they are able to do this.

History of Whole Life Insurance

admin — Sat, 19 Apr 2008 10:04:28 -0500

It is always important to look at how things came to be, so that you can make a good decision about which of the things are going to be right for you and which of them might not be the best for you. When you are looking at whole life insurance, it is important to think about where it came from so that you can know where it will be going in the future.

Term Life Insurance when you Buy a House

admin — Sat, 19 Apr 2008 10:02:04 -0500

Buying a house is one of the biggest investments that a person or a couple can make. It can be worth much, much more than the annual salary of a family, and is something that offers a great deal back even while you are paying the mortgage. Many families also sink a great deal of money into improving their homes, which may come out of the equity in the form of a home equity loan.

Affordable Whole Life Insurance Plans

admin — Fri, 18 Apr 2008 11:44:13 -0500

In this day and age, everybody should have whole life insurance. Most people base their insurance coverage upon what they can afford, rather than what they actually need. A good way to determine how much coverage you require is to estimate the amount of your income and multiply it until you feel that it will offer sufficient protection for your family. For example, if your income is $50,000 per year, you may want to insure that your family has three years of covered finances so you would want $150,000 in insurance.

Annual Renewable Term Life Insurance

admin — Thu, 17 Apr 2008 09:52:20 -0500

Term life insurance is a type of life insurance that lasts for a specific term. The insured buys a term policy which they know will cover them for that term of their lives. Once the term is over, they may either choose to find a new policy, or continue to purchase their life insurance at an annual rate that usually increases.

Things to Consider Before Taking Out Life Insurance

admin — Wed, 09 Apr 2008 13:45:02 -0500

The type, if any, of life insurance that you need depends on the individual circumstances for each person. Before making any decisions on a life insurance policy, it is important you understand exactly what is covered by the policy, and that you seek financial advice to ensure that you and your family are adequately covered.

The first thing you need to decide is what type of policy you want to take out. Life insurance falls into two main categories – Permanent Life Insurance and Term Life Insurance.

Getting married: what happens to life insurance policies

admin — Sun, 30 Mar 2008 07:12:28 -0500

If you are thinking about getting married you are probably thinking about all of the ways that you will be putting your lives together in as many ways as possible. There are a lot of things that you already have to think about when you are getting married. If you get married, part of what you have to deal with is insurance policies. If either of you have life insurance policies already, you are going to have to decide what you want to do with them when you get married.

What is Life Insurance?

admin — Sun, 23 Mar 2008 14:59:37 -0500

Life Insurance is a policy that protects against financial loss as a result of death. Upon your death, the insurance company that you have your policy with will pay your chosen beneficiary a specific lump sum, assuming all the guidelines of the policy have been met.

How does Life Insurance benefit your family?

admin — Sun, 23 Mar 2008 13:37:45 -0500

The very best way to see how life insurance can seriously benefit your family is to see what could potentially happen to your family without it. Imagine your family after you die. Whether it is an unexpected and sudden passing or a long, drawn out affair, your family will have expenses piled up on top of their heartbreak.

How your Lifestyle affects your Life Insurance

admin — Sun, 23 Mar 2008 13:21:26 -0500

Insurance companies operate and make money by assessing risk and charging premiums based on the amount of risk involved in the lifestyles of their policy holders. There are several lifestyle factors that affect how much you pay in premiums.

Physical and Mental Health

Changing your Life Insurance to Suit your Needs

admin — Sun, 23 Mar 2008 10:40:11 -0500

It’s been estimated that around 75% of Americans have life insurance—but a large proportion of those who are insured have insufficient coverage. It’s not enough to simply have the insurance any more. These days it’s just as important to make sure that your insurance meets the needs of your particular life stage. Your insurance needs will change over the course of your life so it’s important to review your policy periodically to make sure that your policy is appropriate and that you’re adequately covered.

Insurance for Newly-weds

Cashing out Life Insurance if you are terminally ill

admin — Sun, 23 Mar 2008 10:25:59 -0500

Most terminal illnesses aren’t sudden and short, all too often the terminally ill suffer for months or years, often spending their last pennies to try new treatments or paying for expensive medications. One financial asset that is often overlooked is a life insurance policy.

Types of Insurance and Policy Pay-outs

How do I Collect on Life Insurance?

admin — Sun, 23 Mar 2008 09:45:51 -0500

The worst has happened, and your husband, wife, parents, or other individual is gone. It is the duty of their beneficiary to contact the insurance company in order to collect the life insurance that is due. This is why it is vitally important to make sure that your beneficiaries know who they are.

Types of Whole Life Insurance

admin — Sun, 23 Mar 2008 09:08:24 -0500

There are traditionally six types of whole life insurance—non participating, participating, indeterminate premium, economic, limited pay and single premium. A newer type of whole life insurance, interest sensitive whole life, is also available. It’s important to remember that not all jurisdictions may allow all types of whole life insurance and not all insurance companies will offer all the types of whole life insurance.

Should You Buy Term Life Insurance for Your Children?

admin — Sun, 23 Mar 2008 09:02:42 -0500

The question of buying life insurance for children is one of the most emotional and hotly debated questions in the life insurance industry. On the one hand, opponents will tell you that buying term life insurance for your children is a waste of money. The purpose of life insurance is to replace a breadwinner’s salary and children seldom have an income that needs replacing. This is true, as far as it goes, but it misses the larger purpose of insurance in general – to provide money to cover losses in times of trouble.

The Benefits of Life Insurance

admin — Sun, 23 Mar 2008 08:55:05 -0500

Let’s face it—most of us don’t want to think about the possibility of dying, and what might happen after we die. But if you have a partner and a family, then it’s important to ensure that they’ll be taken care of if the worst does happen. Life insurance is the best way of doing that, particularly if your partner is staying at home to take care of the children —it helps to make sure that your family won’t suffer financially from the loss of your income if you die or are involved in an accident that causes permanent disability.

Teaching your family how to handle a life insurance claim

admin — Tue, 18 Mar 2008 15:31:08 -0500

No one likes to think about what will happen to their family if they pass away, but it’s important to keep this in mind in case you decide that life insurance could help them to get by. There needs to be more to the process than just buying the insurance, however; you should make sure that they know about your insurance policy and take the time to work through what they’ll need to do to file a life insurance claim. This will ensure that they’re familiar with the process so that it won’t become an additional burden if they have to deal with the loss of you as well.

Shopping for the best life insurance policy

admin — Sat, 15 Mar 2008 11:01:55 -0500

Choosing a life insurance policy can be a grim task, but that doesn’t mean that you should rush through it. Since you’ll most likely be making payments on your life insurance for years, it’s important that you have a policy that gives you the amount of coverage that you want with the best price that you can get for it.