Why you should get life insurance, even if youre young and single - Part 7
By admin on July 29th, 2010Do you know about your life insurance?
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Do you know about your life insurance?
No tags for this post.The average man in the street assumes that Life Insurance and Life Assurance are names for the same form of insurance. How wrong they are! But don’t hang your head in shame, many financial commentators get it wrong too! Life Insurance and Life Assurance perform different financial roles and are poles apart in cost - so it helps to surf for the correct product.
No tags for this post.If you need life insurance you should determine how much insurance is appropriate and the type of life insurance policy that would best meet your family’s needs. Do we have a life insurance policy equal to the value of the business, simple, investment grade life insurance?
No tags for this post.One of the big questions that comes up when financial planning is “how much life insurance should I buy?” To answer this question, you need to first look at your individual circumstances and make a decision based on your family’s needs.
No tags for this post.Life insurance is a product designed to replace lost income in the event of a premature death. Policies come in a variety of different types and prices and can be complex financial decision, and one that should not be chosen hastily.
No tags for this post.As long as the premiums are paid, protection is guaranteed for life. Premium costs can be fixed or flexible to meet personal financial needs.
No tags for this post.Responsibly purchasing life insurance on-line requires the same preparation all other endeavors require. I recently purchased a policy and was quickly overwhelmed by all the available options. Since I’ve sold insurance as a telemarketer I knew where to start, and which questions to ask.
No tags for this post.Sean Jameson is the marketing manager of a large toy manufacturer. He is a family man of 40. His wife Cindy is a part-time assistant at a local supermarket. Their children Cheryl (14), Adrienne (12) and Bart (6) are enrolled at a private school.
No tags for this post.The suicide clause is designed to prevent people who are thinking about killing themselves obtaining life insurance in order to benefit the beneficiary. The clause states that if the insured commits suicide within a defined period of time, the policy will automatically be voided and the Insurance company will only have to refund all of the paid premiums. The amount of time varies, usually between 2 or 6 years.
Once the mandated period of time has elapsed, suicide is treated as any death that could occur (outside of an accident rider).
Risks and uncertainties are part of life’s great adventure — accident, illness, theft, natural disaster - they’re all built into the working of the Universe, waiting to happen, this where life insurance comes into picture.
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