What Are the Differences Between Term Life and Permanent Life Insurance

What Are the Differences Between Term Life and Permanent Life Insurance

Life insurance is a financial security net that protects your family when you pass away. It provides monetary support, which can be used to pay for the funeral, help make ends meet, pay off debt or even help pay for future expenses like college tuition. Its tax-free payment that can be used for any purpose after an unexpected loss. Is term life or permanent life insurance right for you? One benefit that life insurance has over direct…

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Report: Consumers Stuck With Outdated Life Insurance Information

Report: Consumers Stuck With Outdated Life Insurance Information

Many are basing the purchase of life insurance on old assumptions. Some, as they age, feel it is a waste of money, thinking they have enough assets and they are healthy. But life happens all the time and unfortunately, we better be prepared for it. Inevitably, true stories bubble to the surface and there are many of them to share.

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What Are the Consequences of Canceling a Life Insurance Policy

What Are the Consequences of Canceling a Life Insurance Policy

Most Americans are feeling a pinch in their wallets these days, and the hesitancy in the financial markets is only making matters worse. If you are among the millions of Americans who are struggling to make ends meet, you are probably searching for places to trim the family budget. However, reduced spending should not include canceling your life insurance policy. The LIFE Foundation reviews often-overlooked consequences of canceling a life insurance policy and offers tips…

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The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…

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How Do I Calculate My Life Insurance Needs

How Do I Calculate My Life Insurance Needs

The human life value concept deals with human capital, which is a person’s income potential. It goes beyond just the numbers, and considers the overall impact of losing someone, especially the breadwinner. This method is ideal in situations where replacing the income lost, due to the death of a breadwinner, is the primary concern.

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What Is an Annuity?

What Is an Annuity?

Despite gloomy economic forecasts, there are always a variety of options for investors. Because annuities are tax-deferred, they’re often an attractive choice for serious investors.

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Am I Too Old To Purchase Life Insurance?

Am I Too Old To Purchase Life Insurance?

When it comes to age and life insurance premiums, the relationship is directly proportional: The older you are, the more expensive your policy will likely be. But just because your premium increases with age doesn’t mean the likelihood that you’ll be denied coverage increases as well. As with most insurance policies, rates depend on individual factors like health, family history, policy type, your age and occupation. Ultimately, a person’s health – not their age –…

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Do I Need Life Insurance If I’m Single With No Children?

Do I Need Life Insurance If I’m Single With No Children?

If you were to ask a single person if they have purchased life insurance, don’t be surprised if they look at you blankly. It’s true that singles who are young and healthy rarely think about their own mortality yet alone life insurance, but here are some sobering facts…

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How Much Life Insurance Do I Need?

How Much Life Insurance Do I Need?

Figuring out the amount of life insurance that best fits your needs can be overwhelming. Most people would rather find something else to do than wrestle with their own mortality and tackle the subject of life insurance. But it’s necessary to ensure that your loved ones are protected if something were to happen to you.

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