What Do I Need to Know About Term Life Insurance?

What Do I Need to Know About Term Life Insurance?

The most straightforward type of life insurance is term life. If the policyholder dies within the term, the death benefit is paid to the beneficiary of the policy. This type of policy doesn’t have the bells and whistles of a whole life policy, but can be obtained at a low-cost for those who need basic protection.

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How Life Insurance Works Following the Death of the Insured

How Life Insurance Works Following the Death of the Insured

If you or another income-earning family member died today, what would your family’s financial situation be like? It’s not a pleasant subject to consider, but the knowledge that there are funds to help cover your family’s daily needs and costs provide a small comfort. One way to ensure your family’s survivors have immediate cash after a death is thorough and proper planning, as well as life insurance, says Edward E. Graves, author of McGill’s Life…

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Top Answers to Questions About Whole Life Insurance

Top Answers to Questions About Whole Life Insurance

To completely grasp the benefits of whole life insurance, you’ll need to understand the underlying details involve,d and to help you fully understand those issues, we’ve put together a list of answers to the top questions about whole life insurance. According to a study commissioned by the National Association of Insurance Commissioners, less than half of American consumers feel confident about making insurance decisions, and only 2 out of 5 U.S. consumers feel confident about answering…

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Should I Buy Term Life Insurance or Permanent

Should I Buy Term Life Insurance or Permanent

While it’s controversial among the experts, the question of whether to buy term life insurance or permanent life insurance – and invest the difference – is a key factor in building a successful financial strategy. People who purchase life insurance generally associate themselves into one of two “camps” who prefer one type of insurance to the other. The whole life camp consists of the “True Believers,” to whom buying life insurance is the answer to every…

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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 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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Dangers of Solely Relying on Group Term Insurance

Dangers of Solely Relying on Group Term Insurance

Solely relying on group term life insurance may be dangerous as the job market is unpredictable, which could result in a company canceling their insurance benefit.

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Eight Cost-Cutting Life Insurance Factors

Eight Cost-Cutting Life Insurance Factors

If you are researching life insurance options, here are some ideas to help maximize your life insurance dollars and getting the best policy for your money. These days life insurance is less expensive than most believe even favoring those with long term illness.

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