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 don't have life insurance coverage feel like they don't need it. Others simply don't understand it so they don't bother. Now, you can learn all about term coverage and whether it is...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 unique in the way that it works. To help you understand more, here are some basic things to know about term life insurance coverage. Coverage amount available- varies per person, up to millions if...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 every term policy offers this advantage, however, so it will be up to you to find a policy that includes this feature if it is one that you want. You can easily convert your policy to a whole or universal policy without needing proof of insurability, making it easier to get long-term protection than if you were to buy it outright. Converting your policy has many advantages. Term life insurance is a great policy to start with. It can be more affordable than whole life and it is easier to get approval for. However, some people need more protection than what a term policy offers or they want to extend their policy for longer than the term allows. In this situation, a conversion is a great option. You will be able to get approved for whole life coverage even when you couldn't by purchasing it outright and you will be able to extend your coverage for longer than a term policy normally provides. When you applied for term life insurance,...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 to be pondering that this vehicle is only short-term, or that when issues choose up, you may trade...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 than the bottom-dollar cost of your insurance to find the best policy. Cheap insurance is...more
Term Life Insurance- Characteristics of the Policy Term life insurance policies are unique in the way that they operate. With a term policy, life insurance is purchased for a certain period of time based on what a person needs and what a company offers them. There are different types of term policies to choose from, but they all have the same basic characteristics: -A fixed term period that a person has insurance coverage for. This policy generally comes in terms of 5 to 20 years, and is set to be paid until it expires. -Increasing and decreasing term options are available. Increasing term coverage is designed to increase in value over time to provide more coverage over the years. As this occurs, the premium increases as well. Decreasing term policies are designed to provide a fixed payment from the date of death until a fixed future date, depending on the specific details of the policy. -Conversion and renewability options included in the policy. Renewable insurance is designed to be renewed at the set term, but the premium will increase as the insured person ages. Conversion rights should be in the policy, as well, to allow people to convert their policy as...more
What is Life Insurance? - Things You Should Know At the most basic level, life insurance is defined as insurance coverage that provides protection in the event of death of the insured person. The benefit is paid to a named beneficiary...more
Whole Life Insurance- The Advantages and Disadvantages of Coverage Whole life insurance policies are one of the top selling life insurance products available today. They are popular because they offer more than just a death benefit,...more
Long Term Care Insurance – Preparing Yourself and Your Family Nobody wants to visualize himself in a state of anxiety when he is old, weak, and fragile and could longer perform his basic daily tasks. No matter how sad you might think...more
Whole Life Insurance- Different Types of Policies There are many different whole life insurance policies on the market today that you have to choose from. No matter what you need, it can be easy to get the coverage that you desire if...more
Whole Life Insurance- Why Shopping Online Works Thanks to the internet, many more people are reading about and purchasing whole life insurance to protect their loved ones after they are gone. Some people are even choosing this type of...more
Whole Life Insurance- Start Planning for the Future Today Whole life insurance is going to give you financial protection and provide your loved ones with peace of mind after you are gone. This type of policy is going to be in effect...more