The Various Life Insurance Benefits The times are tough for many people and with the economy consistently getting worse each day, it is important for those living in New Jersey to have some financial security. Life insurance is not typically thought of as a short term investment as it is considered more as death insurance because it pays out after death, right? Actually, this is a fallacy as not only are these policies payable at death,...more
Work Life Balance, and How to Get There As Your Own Boss I think back on my time working for someone else and almost have to laugh now. It seems so distant and far away that it isn't even real to me anymore!But I have to remind myself how I felt at the time.The mornings were the worst. I had to leave earlier and earlier to get to work on time with all the traffic. Each morning an epic battle was waged just to get out of bed. On one side...more
Term Life Insurance Funeral Coverage Many people are under the impression that term life insurance does not cover funeral expenses. This is partway true, depending on the length of the policy and where the insured stands in their payments. Term life insurance differs from whole life insurance in a few ways but the most obvious is that it is only payable during the life of the policy. Once a whole life insurance policy premiums are paid off it pays no matter how much time has lapsed. With term, once the contract has come to fruition, the policy is no longer valid.How does term life insurance funeral coverage work?Term of Policy – A term life insurance policy is set up for a set amount of time which is where it gets the moniker of "term". When purchasing this type of policy, it is important to know the terms of the contract before signing it or committing to it. If you are purchasing a five year policy then the payments are made each month for five years and it is only payable if the payments are on time and if the holder passes away within this time frame. There are extensions available for those who need a longer contract after the first one expires.When Does it Pay? –...more
Why is Life Insurance in NJ on the Rise? There is a booming industry in New Jersey and it is not in any industry that people might consider. It is in life insurance in NJ and there are a few common factors as to why this is happening right now. Some may consider it to be greed on the insurance companies' part, but this is not the case and is...more
Three NJ Life Insurance Questions Commonly Asked Buying life insurance never seems easy for those who are seeking it. This is because the policies are so complicated and it can be difficult to understand some of the terminology. Another aspect is finding the life insurance that fits the needs of the policy holder as well as the budget that...more
Life Insurance You Can Borrow From As a popular plan, whole life insurance is usually the most requested type of cash value life insurance. The question is, is it the best plan to use if someone needs to borrow from the policy? In most cases no! As you may know, whole life insurance is one of the most inflexible type of cash value life insurance. If your plan is to be able to borrow from an insurance policy, the better choice would be universal life insurance.Why universal life? Simply put, it is because it is more flexible and less restrictive when it comes to taking money from the policy or even adding money beyond basic premiums. In some cases, these policy can even be used as savings account. That is, after the surrender period (which can take a few years).Keep in mind that if you borrow from a universal life policy, a high interest may apply. Make sure to check on the interest rates and the interest credited to the policy before you borrow. In other words, what is your net cost for borrowing from the insurance policy? One advantage of borrowing as opposed to an outright withdrawing, is that you should not have to pay any taxes on the the money borrowed. Again, the...more
Life Insurance You Can Actually Afford! You've decided to purchase life insurance. Well then, you've made a fantastic decision for your family and those you care for. Knowing that you've provided for them after you're gone is a priceless...more
Top up your Life Insurance "Fun is like life insurance; the older you get the more it costs"…Kin HubbardWe have all heard about the importance of rupee cost averaging when it comes to investments but very rarely do we realise that the...more
Methods For Locating A Dependable Whole Life Insurance Company Everybody wants the best insurance available. Some people can spend hours searching the web and requesting quotes from a large number of insurance companies. The information you...more
Health insurance is an expensive necessity that many have in case of emergency. Finding the best rates for health, life, and auto insurance can be a daunting task to say the least. There are a host of insurance companies that have dedicated websites...more
Why should it be so difficult to get approved for life insurance when taking simple steps can make all the difference. Whether you have type 1 or type 2 diabetes, it is possible to get approved and get good rates on life insurance.Step 1 - A diabetic...more
Year 2010 had passed, and a new year has begun. This phenomenon always happens yearly; a year ends, and a new one starts. Done with the old things for a latest one is here. Ironically, this new one will be going to surpass and another will set off....more