Why is Life Insurance a Good Investment?

Why is Life Insurance a Good Investment?

There are a variety of reasons why some people don’t purchase life insurance. In many cases, consumers feel the coverage may be too expensive for their budget. This holds particularly true at a time when unemployment remains around 10 percent.

However, it’s those families who struggle financially who stand to benefit a great deal from a life insurance policy. The funds from a plan can be applied towards paying down debt and other goals if the policyholder passes away.

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How Much Do I Need to Save for Retirement?

How Much Do I Need to Save for Retirement?

Once upon a time, the majority of middle-income Americans who reached retirement age looked forward to maintaining their lifestyles with a combination of Social Security, company pensions, and their own hard-earned savings. Above all, most of those retirees were concerned about leaving an inheritance to the next generation.

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Seattle attorney pleads guilty to five felonies

Seattle attorney pleads guilty to five felonies

Callow and former Nationwide Insurance Claims Associate Fariborz (Romeo) Rahrovi were charged on Dec. 12, 2013, with first-degree theft, conspiracy to commit first-degree theft, money laundering, perjury and obtaining a signature by duress.

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How can term life insurance be used for personal finances?

How can term life insurance be used for personal finances?

When planning for retirement, life insurance is a useful tool, but not as a means of saving, according to Walter Updegrave of Money Magazine. Instead, life insurance policies should be used to provide for spouses and dependent children in the event of a tragedy.

Updegrave recommends term life insurance, which carries an annual premium that must be paid to the insurance company, in exchange for their guarantee that a death benefit will be paid to a policyholder’s surviving loved ones.

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