Term life insurance can be a wonderful way to protect your family very inexpensively. This section is full of articles which explain the ins and outs of term life; how much you might need, how to buy it inexpensively and where the best places are to buy the coverage you need. This section also discusses some types of term life you might want to avoid.
When you think about giving gifts to your loved ones, there’s an excellent chance that you never think of life insurance as a consideration. Even though it’s a financial product, it’s also a gift in the truest sense. Life insurance is your last best gift to your loved ones. Not sure it’s really a gift? …
Virtually everyone needs life insurance. But if you’re self-employed, you really need life insurance, even more so than people who are employed by others and are paid a salary. That’s because nearly everything connected with self-employment tends to be more complicated than it is for a salaried person. The self-employed person simply has more loose …
With the new year, people contemplate making all kinds of changes. Sure, they could implement those changes at any time during the year. But the new year tends to be a catchall of resolutions. The change from one year to the next seems like a convenient time to take actions that we’ve been avoiding all …
Let’s face it, unless you work in the business, life insurance is not a favorite topic. It certainly doesn’t make the rounds on the dinner and cocktail circuit. Other types of insurance might, but since life insurance is closely associated with death, it isn’t exactly considered polite conversation. That may not be a problem when …
Cost is always a factor in everything we do. That’s because you have only a limited amount of income, and you need to cover all of the expenses in your budget on whatever amount that income provides. There are large expenses, and small ones. People often try to economize by cutting small expenses in order …
Some people scoff at the idea of having life insurance. Often, their dismissal of this financial product is rooted in the fear of their own death. Other times, they disregard the possibility that that day will ever come. And other times it’s a cost issue – they simply feel that there are better ways for …
College is an enormous expense, particularly if you have more than one child who will be attending. But what will happen to those educations in the event that you should die before or during the process? Even if you have saved money for your kid’s college educations there are always additional expenses. That can include …
People often have an almost casual attitude toward life insurance. They’ll pay every other bill – the house, the car loan, utilities, credit cards, health insurance, and a gym membership. And the life insurance premium? It will be near the bottom of the list. And if times get hard, if a job is lost, the …
If your spouse doesn’t have life insurance, do you simply respect their wishes and go about your life? On some level, that may sound like a fair response. But whether a person wants life insurance or not, not having it is downright irresponsible. Even if your spouse doesn’t have life insurance, and doesn’t want it, …
Most people correctly assume that the main purpose of life insurance is to provide financial resources to your loved ones in the event of your death. But there’s also an intangible benefit that may be just as important. Life insurance eliminates worry. The peace of mind that comes from having adequate life insurance can be …
One of the unfortunate realities surrounding life insurance is that people often purchase policies, then file them away for safekeeping. They continue to make the required premium payments, but the policies themselves can disappear for years at a time. When that happens, there’s a real danger that the information contained in the policy won’t be …
If you are the sole proprietor of a small business, or have significant ownership in the partnership or small corporation, you may be interested in key man life insurance. It’s one of the most important forms of business insurance, because it can enable a business to continue functioning in the aftermath of the death of …
An article was published on CNN/Money that indicated, based on survey results, that the Millennials are the most under-insured generation in the country. About a quarter of the group does not have health insurance, and only 13% have disability coverage. And just 36% have life insurance. That means that 64% of Millennials will leave their …
The biggest benefit of term life insurance is lower cost when compared to whole life insurance, and other policy types that have an investment provision. Term costs considerably less, and if you invest your savings yourself, you’ll almost certainly have more money in the future than you will have with a whole life policy. But …
It has become popular among some life insurance agents, agencies, and companies to sell customers life insurance policies that are blended with an investment provision. But few people bother to ask if life insurance should even have an investment provision at all. The basic idea has been to sell two very distinct financial products under …
You’ve probably heard about trusts. But you may have thought that trusts are only for “rich people”. That’s hardly the case. In truth, anyone can set up a trust, even if you don’t have much money. You can do it using life insurance to create a trust. And though you may not be around to …
People often shop for life insurance the way they shop for car – they look for the best package of options. They look at investment provisions, cash values, loan provisions, and a large enough death benefit to handle any potential outcome. That’s noble, but it’s also complicated and expensive. And for that reason, many times …
There are a lot of questions when it comes to buying a life insurance policy. What options and riders are available? Will my premium go up? Are there any potential exclusions or loopholes? But fewer people concern themselves with distribution options from a life insurance policy. And that’s just as important as any other provision …
If you tend to think long-term when it comes to managing your finances, you’ve probably seriously considered (or are considering) purchasing a whole life insurance policy. After all, whole life is permanent life insurance, so you’ll be able to keep it for your entire life. But you may be able to achieve all of your …
The empty nester phase is that welcome time in life that fits nicely between the end of what are usually life’s biggest challenges and the retirement years. No, you’re not yet enjoying retirement, but at the same time you no longer have to worry about raising children, putting them through college, building a career or …
Buying life insurance isn’t at all like buying a TV. You’re not making a one-time purchase – usually to get the lowest price – and then never come back. Buying life insurance is more like engaging the services of an accountant or doctor, where you’re looking to establish a long-term, working relationship with the agent …
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 …