For those who have opted for term life insurance, best rates are easy if you do a few things I'll show in this article. Some of them are long term and others are things you can do within the next 15 minutes. I must point out now that my idea of best rates in term life insurance is adequate coverage from a reputable insurer at the lowest price possible. These factors must exist simultaneously for us to call any set of term life...more
Having a life insurance policy in place is the best way to protect the life of your loved ones. There are a number of options available. Most of these are just a click away.- Term InsuranceLow cost term life insurance is by far the most affordable insurance on the market and setting it up is also very easy. The concept behind this cheap insurance is that you pay a predetermined amount of money in monthly, semi-annual or annual...more
The typical route that most people take when it comes to buying term life insurance is that they find a reputable financial advisor, discuss their specific needs and then the financial advisor "shops out" the different carriers to hopefully find the least expensive but most comprehensive term life insurance quote to protect your family should your unexpected death should happen. Typically, when carriers are shopped out by financial advisors, the location of the insurance company does not play a role in the decision to buy. What does matter is that the insurance carrier is an "A" rated company and that their term insurance quote and policy match your financial and lifestyle needs. However, being insured by a firm in Boston, for example, when you live in California you may not reap all the benefits that are specific to your state. Now there is a specific term life insurance policy offered to residence of California.- Term InsuranceA Complex StateWhether you are a new resident of California or you have lived here for your whole life, you understand the complexities of the state as well as the lifestyles. Just as California in itself is complex and filled with...more
You have probably heard of both term life insurance and whole life insurance. Some people are buying term, some people are buying life, and you are just trying to figure out the difference between the two so you will know which life insurance will better fit your needs.- Term InsuranceLet's start with the most commonly purchased...more
Long Term Care InsuranceWe usually associate it with the elderly. But getting sick or hurt can happen to anyone, at any age.However, you are correct in your assumption. Most of the people who buy LTC are usually seniors. But that is quickly changing. People in their 50′s are now buying Long Term Care Insurance to protect their...more
You can save on life insurance even in a depressed economy. Here are 10 ways to help you get the life insurance you need at a lower cost.- Term Insurance1) Buy term life insurance — Term life is typically much less expensive than whole life or permanent life, which charge higher premiums for lifelong benefits and cash accrual.2) Comparison shop — The life insurance industry is very competitive and that's good news for consumers. Rates can vary from one company to the next, so you should get several quotes to find the lowest rates.- Term Insurance3) Get healthier — Life insurance rates are based on several factors including age, gender and health. If you stop smoking or lose weight you can save significantly on your premium.4) Select your coverage carefully — You may calculate that you only need $460,000 of coverage, but it actually may be cheaper to take out $500,000. This is because life insurance companies often discount for the higher coverage amount.5) Look for a specialist if you have health issues — Some companies specialize in providing coverage for individuals with certain health problems such as diabetes, or with certain lifestyles. Ask an...more
Term insurance is one form of financial protection that is both loved and despised. Some financial advisors advise that it is best to invest the difference between high-premium cash-value plans and low-premium term plans in...more
Do people over 50 want a life insurance policy? I noted some figures on how people over 65 are covered today. Americans over 65 kept around four percent of life insurance by dollar amount, but that group of older people has 3/4 of the...more
Life insurance, whether you are talking about whole life, term life, or one of the many policy variations available, can be a complicated and misunderstood subject. Perhaps for this reason it is not unusual that we make wrong decisions...more
The question of whether to buy LTC insurance should be based on the same reason other types of insurance are purchased "exposure to loss." We buy fire insurance in case our home is damaged by fire, auto insurance is a totally understood...more
Oscar Cabra is The North American Development Bank Dir Technical Services. Established in 1994 with headquarters in San Antonio, Texas, the NADB is a bilaterally-funded, international organization, capitalized and governed equally by the United...more
Many elderly people need assistance when they are no longer able to take care of themselves because of health-related issues. They may need help with personal care at home or more advanced medical care in a skilled nursing facility....more