What Kind of Life Insurance Do I Need If I Have a Family?

What Kind of Life Insurance Do I Need If I Have a Family?

People who are interested in protecting their family with a life insurance policy have a variety of things to remember when exploring their coverage options. For example, it’s crucial to determine whether a whole or term life insurance policy is in a family’s better interests.

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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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How Does My Debt, Future Plans Affect My Life Insurance Needs?

How Does My Debt, Future Plans Affect My Life Insurance Needs?

Life insurance should only be purchased after consumers understand their financial situations and consider changes the future may hold.

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How to Use Life Insurance for Emergency Expenses

How to Use Life Insurance for Emergency Expenses

Edward Graves, author of “McGill’s Life Insurance” recommends using your life insurance policy as an immediate source of cash to help replace damaged property and address unplanned emergencies.

While some families might have the funds necessary to cover everything, the immediate cash from a life insurance policy can be a lifesaver for others.

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How to Determine How Much Life Insurance You Need

How to Determine How Much Life Insurance You Need

The standard rules of thumb for purchasing life insurance policies – which tend to be based on income levels – may not be sufficient guidance in every case, according to a report in the Chicago Tribune.

Author and expert Tim Maurer told the Tribune that consumers should consider total life insurance needs by combining four main categories: Final expenses, mortgages and other debts, income replacement, and educational funds. These will vary wildly depending on the number and age of a family’s children, amount of money owed on a mortgage, and overall income level.

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Two Ways to Allocate Life Insurance Proceeds

Two Ways to Allocate Life Insurance Proceeds

Life insurance proceeds can be allocated to your family two different ways: lump-sum needs at death or ongoing income needs.

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Breast Cancer Survivors Can Now Obtain Affordable Life Insurance

Breast Cancer Survivors Can Now Obtain Affordable Life Insurance

The battle against breast cancer touches nearly every family in the United States. After decades of research, improvements in detection and more aggressive treatments, considerable progress is being made against this dreaded disease.

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Insurance tips for tough economic times

Insurance tips for tough economic times

Roughly 56 percent of Americans say the economic downturn has made it more important to have life insurance, compared to just nine percent who believe the need has diminished, according to a survey released by the nonprofit Life and Health Insurance Foundation for Education (LIFE Foundation). In addition, over the past year more people appear to have added to their life insurance coverage than have lost or reduced their coverage.

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How will my insurance needs change as I get older?

How will my insurance needs change as I get older?

Longevity was in the news recently as a 114-year old Montana resident gained global attention for achieving the distinction of being the world’s oldest man.

In general, advances in medical technology and healthy lifestyle information have been helping Americans live longer than ever, although the large majority will still never make it to age 100.

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