For many employees, this question is thought to be a “no brainer”. After all, most of your other benefits are being handled through your employer, such as retirement and health insurance, why not disability? It’s also generally presumed that an employe plan will be less expensive than what you can get on your own. That […]
The following are posts by staff writer, Kevin Mercadante, who is a professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has backgrounds in both accounting and the mortgage industry.
This is a question that is not easily answered. In fact, it’s usually answered by asking a series of other questions. Here are five of the most important of those questions. 1. How Risky is Your Occupation? This question attempts to determine how likely you are to become disabled, and you need to file a […]
In a word – absolutely! Most of us find it pretty easy to block out the possibility of ever becoming disabled to the point of not being able to work any more. That’s easy enough to do when you’re completely healthy. But like so many other disasters of life, a disabling injury or illness can […]
You might be aware that term life insurance is more popular than whole life – in fact, it is much more popular. There are tangible reasons why this true, five of them actually. When you read them you will probably agree that term life insurance is the best type of policy for your life insurance […]
The biggest concern that people generally have when it comes to buying term life insurance – as opposed to whole life insurance – is renewing the policy at the end of the term. This is a legitimate concern, but it actually has two parts to it: A Higher Premium – Because you will be older […]
There are lots of myths floating around regarding life insurance. Some of them are out there only because they have been repeated so many times in the past that people believe them without doing any serious investigating. But others are myths because they may have been true at one time, but are no longer. Here […]
Most parents automatically understand the need to have life insurance. At a minimum, you need to provide some sort of cash to enable your family to continue financially after your death. And that’s true whether you are an income earning parent, or one who shoulders most of the domestic responsibilities. But if you are a […]
Having any chronic health condition such as lupus can cause a person to believe that getting life insurance coverage is impossible. But that’s hardly the case. You just have to know how to manage the condition, and to make sure you apply to life insurance companies that are most likely to approve your application. If […]
Many people assume that any incidence of heart disease in any form means an automatic rejection on a life insurance policy application. Nothing could be farther from the truth, particularly with a condition such as congestive heart disease. If you follow the proper steps in managing your condition, you’re very likely to be approved for […]
You might have heard the arguments in favor of term life insurance over other types of life insurance, such as whole life. But it’s never a bad idea to review the reasons why term is the way to go, that way you aren’t ever tempted to buy another type of coverage by a persuasive sales […]
