Life insurance exists as a means to protect one's family if the unthinkable happens and you are no longer with them. The purchase of a policy ensures that your loved ones will have financial security even if the one who is responsible for the primary income is lost. Thus, in theory at least, potential income will be replaced.Another purpose that a policy of this kind is used for is the transfer of assets, either personal or business. For example...more
Accidents occur when we least expect them, forcing us to carry out certain measures to alleviate the extent of loss. Having accident insurance makes the transitional period after the accident rather smooth, but not so perfectly enough. Claiming money from your insurer can later turn out to be cumbersome, thereby prompting you to rethink on things that impact on how long accident insurance claims take.The moments just after an accident are perhaps...more
Insurance is a funny thing. Its the one product you can only buy when you don't need it. And you can't buy it when you do. Well to put it more precisely is the service that the insurance pays for that you need not the insurance itself. Insurance is odd yet you do it all the time. You pay twice a year to insure your car but nothing is wrong with it. If it were to get damaged, you will be very glad you have it as you can't buy it then.So lets talk about long term care insurance. I'll bet you don't have any right now. But you should. I know, I know, you're still young and healthy so its not something you think about. Well remember the funny thing about insurance. The best time to buy it (the only time you can) is when you don't need it. As a matter of fact, the further away you are from needing, the less expensive it is. Got your attention now?Lets talk about some facts. Total, living in a nice care home is going to cost you about $35,000 per year. If you live in that care home for 5 years you will have paid out $175,000. Thats a lot of money. Maybe you have it, maybe you don't. What if you outlive your savings? Do you really want to be worrying about money when you are that age? Not...more
In these trying economic times, there aren't many professions that aren't suffering. There are only a few industries that aren't being affected, and many upcoming high school graduates and anyone looking for a career path are beginning to consider longevity when it comes to choosing a career. At this point, the economy is unstable, and a career...more
Unfortunately when we ware young we believe we are invincible. Nothing will hurt us and nothing will ever happen to us. But that of course is not true. The last thing on your mind is life insurance. You are invincible and death is not going to happen to you. You still have plenty of time to deal with that. We just don't realize how important it is...more
One difficult thing to think about is our own death. Often death itself isn't the issue, it is the unknown of when, where, and how we will die. If those questions were answered, most people would prepare for it one way or another. Some would do all those things they've always wanted to do, while others would save their money for their loved ones and pay off their debts. Most people, in today's economical climate, are not in the financial position to pay off debts and ease the financial burden of family members. That is the very reason why life insurance is a great option for most people. Life insurance is when an insured person pays a premium to a company so that they pay beneficiaries a predetermined amount upon death of the insured. The amount of a premium depends on a variety of factors, which include risk factors, the amount of coverage and the type of coverage.Some of the risk factors include, age, weight, sex, smoking habits, and family medical history. While companies have a specific formula to calculate a premium based on these factors, it should be noted that those who live a less risky lifestyle will have a lower premium.Typically the insured will acquire enough coverage...more
Life insurance is something that everyone needs. Many people who purchase insurance under estimate what they truly need which leaves their family under insurance.A life insurance needs calculator is a great way to determine what your insurance needs...more
Set Your Goals and Live a Better Life By: Ade Adenekan About the Author Ade Adenekan is the Executive Director of Pan-African Reconciliation Centre in Nigeria and a leader in the third sector of the global economy. If this...more
Your Life and a Smile By: selindaholli About the Author When you would like to get more information on smile makeovers check out this site.To get a closer look on dental makeover sydney visit this site. (ArticlesBase SC...more
Travel Insurance Quotes that Protects you from Life's Little Surprises By: jinnie About the Author "Jinnie Smith Says:" Travel Insurance can safeguard you and can buy you the peace of mind through out your journey. If you...more
Do people over age sixty-five need life insurance policies.Many people associate life insurance policies with younger parents, growing kids and a big home loan, but retired people may need coverage too. You may think that people over 65 are already...more
Plenty of us got life insurance when we used to be younger. We might have bought a twenty or even thirty year term plan simply because we all wanted to ensure our mortgage may get paid off or kids could possibly be backed in the event our own income...more