This is a thorough collection of informative Life Insurance articles relating specifically to Term Life / Term Life Insurance.
Everything these days is shaped and changed by the ever-increasing influx of new technologies, and not even the deeply conservative life insurance industry is immune to those changes.
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Secure a low life insurance policy rate by maintaining a healthy weight, eating a well-balanced diet, and avoid using any tobacco-related products.
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Answers to the Most Pressing Questions About Life Insurance
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When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…
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The most common reason for purchasing a life insurance policy is income replacement. For the rich, payment of estate taxes is another major purchase motivator. The basic life insurance policy provides coverage for death by any cause, at any time, in any place, except for suicide within the first two policy years (one year in some states). Life insurance is designed to protect named beneficiaries against the sudden loss of income being provided by the…
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Northwestern Mutual completed a study that surveyed over 2,000 respondents on the state of financial planning in America – including behaviors toward money. The study found that while 70 percent of “Highly Disciplined” planners feel ‘very financially secure’ – vs. 51 percent of “Disciplined” planners – just 34 percent of Informal planners and 17 percent of non-planners feel the same about their security. Highly Disciplined planners who are retired are much more likely than non-planners to…
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Financial security is a top concern for anyone these days, especially for young families or those just starting out in life. Saving up for a down payment on a house, car or college tuition means the topic of life insurance can take a back seat to seemingly more pressing issues.
Yet this is precisely the kind of financial instrument that can provide parents with the financial security they and their offspring would need in case of an untimely death—through a tax-free payout from the insurance company.
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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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When it comes to a life insurance premium, you have the choice of whether to pay your premium on a monthly, quarterly, semi-annually or annually basis. Changing how often you pay premium could save you a lot of money. Most insurance companies will typically charge extra when you pay anything other than annually. This is a factor applied to the annual premium to arrive at the premium if you elect to pay on a semi-annual,…
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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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Selling one’s life insurance policy for a life settlement is a good
Technically, if something happened, the insurance company has to pay
