This is a thorough collection of informative Life Insurance articles relating specifically to Term Life / Term Life Insurance.
Term life insurance is a policy with a set duration limit on the coverage period that varies from one year to 30 years. Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage end.
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As a result of surveyed single mothers, many felt that their children would not be taken care for any significant amount of time financially. Life insurance was out of the question.
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Historically, one of the main reasons to set up an irrevocable trust has been to avoid or minimize any potential estate tax, but now there are other planning purposes for these trusts. An advantage of life insurance trust is that it removes the life insurance from the estate of the insured. You should carefully consider who the trustee is and discuss the ramifications with your attorney.
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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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Businesses are finding out it’s now a sucker bet to underestimate how long someone will live these days, and it can prove expensive to governments and pension funds, but it also provides individuals with an opportunity. “In a multi-stage life, the idea of hitting a cliff-edge retirement at 65 and then living off an annuity is outdated,” Alistair Byrne of State Street Global Advisors told The Economist. “It’s not at all obvious that the traditional…
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The decision of whether or not to purchase a life insurance policy should be weighed as heavily as other long-term financial investments, because the decision will affect those you leave behind.
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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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Selling one’s life insurance policy for a life settlement is a good
Recently, the CDC announced that accident was now the #1 leading
