Whole Life Insurance – What is it? Whole life insurance is a permanent insurance policy that serves as both life insurance and an investment opportunity for the insured member. This means the policy may be used for money for beneficiaries after death of the insured or used by insured themselves (when still alive) during a financial emergency. A whole life insurance policy will last throughout the policy holder's life, with no...more
Life Insurance- Do I Really Need Coverage? So many people don't shop for life insurance because they don't think that they need it. The reality of the situation is that no matter how young or healthy you are, or whether you have anything to your name or dependents who need your financial support, life insurance is always something to consider investing in. Having life insurance can do many things, and everyone can benefit from...more
Life Insurance- How to Evaluate Your Coverage Needs Figuring out how much life insurance is needed is a problem that a lot of people have when they are shopping for coverage. Fortunately, there are some questions that you can ask yourself so that you will be prepared when you are buying coverage to protect your family or your wealth in the event of your death. Here are things that you need to consider: -How much income do I make? If you are buying a policy to replace your income once you are gone, you need to think about how much you earn. If you make $75,000 a year, for example, you will need to buy enough coverage to replace that income. -How long do I want to protect my family? You can't guarantee that your life insurance benefit will last for a specific amount of time because spending it is up to the beneficiary, but you should consider the length of time that you envision your family being protected to determine how much coverage is sufficient. -Do I need money for final expenses or to repay my debts after I am gone? Calculate in your final expenses, pre-arrange your funeral and burial, and figure out how much money will take care of your debt so that your...more
Life Insurance Glossary- Terms that You Should Understand When it comes to getting the right life insurance, it can be hard to do when you feel like you're reading a foreign language. Fortunately, you can find everything that you need to know if you are willing to take a little time to look around. Life insurance is not easy to...more
Life Insurance Providers- What to Look For Choosing a life insurance company isn't rocket science, but it also isn't the easiest decision that you will ever have to make. The goal is to take your time to explore the options and make sure that you get the most from your life policies so that you can have peace of mind in knowing that...more
One of the most important steps in buying insurance is applying for quotes. You have to make sure that you know what you are looking for, however, so that you can get accurate quotes for the coverage that you need. Entering basic information can give you a good ballpark idea of what to expect, but you really need a more realistic idea of what you are going to spend on life insurance before you buy. In order to get an accurate life insurance quote, make sure that you give as much information as you can. Your quotes should allow you to be as specific as possible. You should provide every last detail of information that a company asks for in your quote so that you can get a more accurate idea of what you will spend. Giving out general information or providing false information will result in a false quote and can actually cause a lot of problems. Make sure that you do exactly what the quote form says and provide as much information as you can. If a medical exam is required to get an accurate price, go have an exam done on your own and report the results to each insurance company that you apply with. Getting quotes online is giving a lot of people the opportunity to...more
Term Life Insurance- Pros and Cons of Term Policies Shopping for life insurance can be a very confusing and complicated task if you aren't prepared for what you are getting involved with. There are plenty of different policies and...more
Term Life Insurance- Types of Coverage There are many types of insurance policies to choose from inside the category of term life insurance. By educating yourself, it can be easy to find the coverage that you need. Most people who...more
Term Life Insurance- A Crash Course in Term Coverage Term life insurance is one of the more popular types of life coverage that is available today. This insurance provides protection from many different events and situations, and is...more
Term Life Insurance- Converting to a Whole Life Policy If you have been reading up on term life insurance, you know that once you buy a policy you will be able to convert that policy to a whole life plan later on down the road. Not...more
Easy Routine Automobile Care Ideas That Save Money Numerous folks believe that simply purchasing a vehicle at extremely small expense indicates that small effort need to be put into care auto or maintenance efforts. Perhaps you happen...more
Term Life Insurance- Is Cheap Life Insurance an Option? Everyone wants to know about cheap term life insurance and what it can do for them. While term insurance is generally cheaper than whole life insurance, you really need to look at...more