Ways to Minimize Costs of Insurance for Long Term Care The costs of long-term care insurance can be very expensive. Annual premiums typically range from $1,000 to $6,000 annually. So before purchasing one, it is highly important to do some research, weigh your options, and determine the type or cost of insurance for long term care that best matches your needs or financial status.Bear in mind that annual premiums vary, depending on...more
Term Life Insurance Advantages Uses for Term Life Insurance? Term Life Insurance is one thing which you can each invest in and have bought in your behalf. Frequently, someone can have a lot more than one policy at work, too. It's a typical part of an employee advantage package, in addition to some thing persons normally take out to advantage their family members in a time of crisis. So, the question remains. What precisely is...more
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 need to renew or apply again. As long as premiums are paid there is no need to worry about the life insurance policy again. This is a great option for those looking to get a policy and forget about it. Whole life insurance policies are taken out for a certain amount of payout money. For example, if an applicant chooses a $250,000 policy, this is the amount of money that is payable to their beneficiaries on their death. The monthly payment amount is the same throughout the entire policy, and is never raised or lowered. The policy holder is entitled to this fixed payout, even if they become ill or disabled. This is a great option for young and healthy adults looking to invest money, while also providing their family with future financial...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...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...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 understand, but taking the time to learn a few basic terms can make a world of difference in your success with purchasing a policy that works for you. Face value- This is how much the life insurance will pay out as the death benefit. Cash value- In whole/permanent life policies, this is the amount of cash that the policy has for investing or withdrawal purposes. It differs from the face value of the death benefit and may be more or less depending on the policy. Guaranteed acceptance- This is the type of insurance that you can get coverage for no matter what your state of health is. There are usually major exclusions and restrictions and it is often expensive. Lapse- This is what happens if you do not pay your insurance premium, and it basically means that the policy is cancelled. Level term- Refers to life insurance that has a fixed...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...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...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