Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

As more families continue to struggle to pay bills, the number of those choosing to forgo individual life insurance has increased. The Trends in Life Insurance Ownership study by LIMRA reveals that less than half of American households have life insurance.

When paying bills is difficult, it may seem like paying for life insurance isn’t a necessity. However, those who are just getting by may be the ones that need life insurance the most. If something were to happen to the breadwinner in a family, many would not be able to make ends meet.

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When is the best time to buy a life insurance policy?

When is the best time to buy a life insurance policy?

In the first nine months of 2013, individual life insurance premium improved 4 percent resulting in a 6 percent increase according to LIMRA’s individual Life Insurance Sales Survey.

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Difference Between Individual and Group Life Insurance

Difference Between Individual and Group Life Insurance

Something can be said for following the crowd, at least when it comes to group life insurance. But if you’re young and healthy, you may find that the cost of an individual life insurance plan can be far less than a group plan.

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