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....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 capital-appreciation funds. Other advisors and even some clients view term insurance as a waste of money. Term plans refer to those that remain in force for a specific period and do not offer cash values. Some...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 deaths. So why would an age group who is most likely to need to plan for their own deaths be an age group that also is not well insured? Here are a few reasons.- Term InsuranceFirst, many of these people probably were insured at one point in their lives. They could have had a term life insurance policy that ended after a few decades They could have had coverage from a job, but lost it when they quit or retired Now, just when they are over 50 or 65 they may think that they have passed the age for getting life insurance. Or they just have not thought about it, or they may think it will be too expensive for their budget. Because we are living longer and healthier lives, insurers are actually dropping premiums. In addition, many top life insurance companies are looking at the aging baby boomer market and selling policies to middle aged and older people.- Term InsuranceReasonably healthy people can find term life insurance well into their...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 when purchasing a life insurance policy. With that in mind, we would like to bring up what some...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 need and of course the need for life insurance is fully comprehended.- Term InsuranceWhy would we...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 States and Mexico for the purpose of financing environmental infrastructure projects along their joint border. As in company members Oscar Cabra and teams mission is to serve as a binational partner and catalyst in communities along the U.S.-Mexico border in order to enhance the affordability, financing, long-term development and effective operation of infrastructure that promotes a clean, healthy environment for the citizens of the region. According to Oscar Cabra,We must adjust ourselves to the customers never the customers to ourselves.Tony Cabot is XL Insurance Director of Global Programs. Based in Zurich, in his role as Director of Global Programs Mr. Tony Cabot is responsible for leading the unit that provides multinational clients with compliant and relevant solutions to manage their complex risk management and risk transfer needs across all territories. By leveraging its underwriting expertise across the Property, Casualty,...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
In the United States today, the options for paying for health care are numerous. For some, their workplace pays all the bills. (That's a company I want to work for!) For most workers though, health insurance costs are split between...more
Long Term Care Insurance is one of the most valued insurance plans in the market in today's society. Certain types of long term care insurance policies also have some very nice tax advantages. With more and more people trying to...more
Personal life insurance quotes are a kind of safety valve against uncertainties that leave you and your family vulnerable, for example you could be changing jobs or be involved in a serious accident that could affect your daily life....more
A term life insurance covers a person for a substantial period of life, such as ten, twenty or thirty years. A person has to pay premiums, or insurance rates, on the term life policy during this period. Supposing the person dies within...more
Term life insurance policies provide a limited coverage period, which is determined by the policy owner. Term life insurance rates are actually the cheapest form of life insurance, but there are different rates for different people....more