Are you single? Nearly 42% of Americans are single according to a 2007 Census Bureau report, and most of them feel that they dont need life insurance because they dont have dependants. Have you, too, rejected the overtures of life insurance agents time and again telling them that you dont need life insurance because of your marital status? This may be the time to rethink your stance because life insurance is something that even single people...more
Permanent life insurance comes in many flavors, two of which are whole life and universal life insurance. All permanent policies offer a cash value component in addition to the death benefit. Most permanent life consumers find it difficult to choose between these life insurance policies, because each comes with its own advantages and disadvantages. This article will give you a better idea of the differences between the two policies.The basics of whole life and universal life policiesBoth these policy types have 4 basic components:-The mortality cost (the part of your premiums that actually goes towards your life insurance, or the death benefit)-The cost of administration and policy maintenance: Since part of your payments is used to build up a cash value, separate from the death benefit, this cost will cover the life insurance companys expenses in managing your account.-The cash value (also referred to as fund value or surrender value). This is the amount left over in your account after the above-mentioned costs have been paid. This is the savings and investment component of your policy.-Finally, you are also entitled to an interest on your savings and investment. These are the...more
Funerals are expensive events these days, and without an affordable term life insurance policy, your beneficiaries may not be able to give you a fitting farewell. If you have a substantial term life policy or any other kind of traditional life insurance, a part of it should easily be able to cover your final expenses. If not, you may need to make...more
Auto insurance companies: Careful selection is requiredIt is the auto vehicle that has now become a mandatory requisite for any and every person. With the passage of time and the increasing level of the population the demand and the supply for the auto vehicles has increased. it is hence always in the best interest of the person to timely get the...more
As everyone knows, life can be a myriad of uncertainties bundled up together as experiences. Dying is a part of it. If you've got dependants, it's time you thought about easy methods to make their life easier if you end up gone. That is the reason...more
Should you convert your stepped life insurance policy to a level premium?At the time you take out life insurance you are able to select the type of premium that best matches your situation. In brief, you can have a "stepped" life insurance premium,...more
Auto insurance comparison: Careful selection is requiredWith the passage of time the demand and the supply of the auto vehicles has increased. it is hence always in the best interest of the person to timely go for the most desirable auto vehicle...more
Choosing a Term Life Insurance PolicySo you are planning to invest in life insurance policy. But you are bothered about the high premium rate. Why don't you consider term life insurance? They are quite affordable as compared to whole life insurance....more
Most of us know that we should have life insurance. If anything would happen to us, we want to make sure that the people who depend upon us are not left without any means to support themselves. Beyond that, we do not want our deaths to cause a...more
Auto insurance without drivers' license: Careful selection is requiredThere are countless number of people in every part of the world who are looking forward to get the desirable auto vehicle. It is the auto vehicle that enables the man to...more