Life Insurance ? Do You Need It?
Many people are skittish about life insurance, because they feel that it is useless, or it makes them face their mortality, or they may arrogantly think that they won't die. But let me reassure you, life insurance is not only useful, but also essential if you're young or old, or have a young family. Life Insurance should definitely be one piece of your financial portfolio.
BENEFITS OF LIFE INSURANCE
1) Protects your family ? If you should die prematurely a life insurance policy will give your young family and spouse a financial buffer. The lost income can be devastating.
2) For children and young adults ? accidents are a leading cause of death.
3) As you get older ? it can help to defer funeral costs.
Life Insurance can help fill the gaps when you or someone you love passes away, as well as, helping to eliminate the stress and uncertainty of their future.
TYPES OF LIFE INSURANCE
There are different types of insurance, which can fit each individual's needs and situations. The different types and explanation of each are as follows:
Term Life Insurance ? Term life gives you coverage for a particular period of time. (Builds No Cash Value)
Whole Life Insurance ? Whole Life can give you protection for your entire life at a fixed rate. Whole Life builds up cash values, and in some cases, paid dividends.
Universal Life Insurance ? Universal Life gives you more flexibility -- allowing you to adjust your premiums and to increase or decrease your death benefit.
Accident Insurance ? Accident Insurance gives your family an income in the event of your accidental death.
To conclude, when I was younger, I felt that life insurance was a waste of my money. But that changed when I seen the results of what happens when a father of three young children died unexpectedly. He had no insurance to care for his three children. Not only did his wife and children have to deal emotionally with their loss, but it also left them financially crippled. From that moment on, I realized the importance of Life Insurance and what it can bring to my family ? a financial safety net, and for me, peace of mind.
Vickie J Scanlon has a BBA degree in Administrative Management and Marketing. Visit her site at: http://www.myaffiliateplace.biz for free tools, articles, affiliate opportunities, ebooks, and affordable insurance products
Get Free quotes on auto, life, homeowners, health, business insurance at: http://www.myaffiliateplace.biz/Affiliate_Netquote
Cheap Insurance - Ten Ways
Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance - whatever type of insurance you need, you can buy it for less. Try the following:1. Raise you deductible. Why have a $100 deductible if a $1000 deductible won't break you? It may hurt to pay the first thousand someday, but what if meanwhile you saved several thousand? High deductibles mean lower rates. Of course, get quotes with various deductibles, to be sure you're saving enough for the higher risk.2. Lower your coverage. Insurance agents secretly admit that people usually get sued according to policy limits. You'll be sued for more if your limit is a million than if it's a hundred thousand. A judgement beyond the polic...(related: Insurance)
Buildings Insurance And The Threat Of Flood
What is the impact of increased flooding risk in the UK? What happens if your home becomes effected by flood?Flood is an increased problem in the UK. Buildings insurance companies are concerned ...(related: Insurance)
Are You Overpaying On Your Home Insurance Policy?
For many consumers the cost of daily living is becoming increasingly higher. High gas prices, rising automobile costs and the cost of buying a new home can be very troublesome. The additional cost of homeowners i...(related: Insurance)
Term Life - Who Needs It?
If you've read any of the books or articles by popular personal finance gurus you've probably heard of the affordable life insurance alternative called Term life. Term life insurance Quotations are recommended by many popular personal finance gurus and can be a good choice for:· Young families or those on a limited budget, yet still need a large amount of life insurance.Are there family members who depend on your income and would be placed in financial crisis if you died suddenly? If so, term life might be an excellent option to protect those you care about most.· If you have large debts that you'll eventually pay off, such as your home mortgage or auto loan.Since younger people are less of an insurance risk, term life saves you money when you're young and gets more expensive as you grow older. Te...(related: Insurance)
Affordable Life Insurance!
So, you've decided to purchase life insurance. Well then, you have made a good decision! If you have dependents, you know that you must provide for them long after you are gone. Buying life insurance shouldn't be a budget buster either. Take a look at the following options which can help you save big time!Shop Online: There are several companies that wil...(related: Insurance)
Insurance Claim - Medical Insights And Expenses
There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a direct result of that injury and the "pain and suffering" you were forced to deal with.Besides botching up your body (and sometimes your love life) what else does the injury mean to you? It means a ton of financial expense's, including repairing your car, lost wages, a shock to your life style, a tremendous inconvenience and short or long periods of pain and discomfort - - all of it a direct result of your injuries.Plus, there's a long list of possible medical expenses. Fo...(related: Insurance)
Gain An Advantage Over Your Competition By Controlling The Cost Of Your Health Insurance
As many of us expect, the New Year will bring both tremendous challenges and opportunities for all of us both personally and professionally. Employers continue to face the major challenge of controlling the cost of their health insurance and other employee benefit programs. Organizations that can best get a handle on the cost of their employee benefit programs have an excellent opportunity to gain an advantage over their competition.What are some practical ways to control the cost of your health insurance? Here are a few suggestions:1) Investigate all of your traditional and consumer directed health plan options. Many companies are easing into consumer directed plans by offering them as part of a "dual cho...(related: Insurance)
10 Ways To Save On Car Insurance
For most people car insurance is a the single largest insurance expense after health insurance. Rates are high and are forever climbing, at least it seems that way. You can save money on your car insurance premiums by following these easy to implement steps.1. Shop Around. Yes, it pays to shop and compare. Regulatory changes at the state level may have encouraged new companies to jump into the market, thereby increasing competition and reducing rates for consumers.2. Raise Your Deductible. A $200 deductible sounds wise until you learn that the cost for having a deductible at this threshold can drive your rates through the roof. Consider a deductible as high as $1000 to save on premiums. Yo...(related: Insurance)
Need A Car Insurance Comparison? Dont Have Time?
If you decide not to do a car insurance comparison and simply renew your insurance at the same rate, you could be paying away needless amounts of your hard-earned money. By doing a car insurance comparison, you could get a cheaper rate than what you are presently paying.A car insurance comparison rate is quite easy to do from home on your computer. This way you don't have to spend time during the day contacting the various insurance companies during their business hours. You can sit down at any time of the night and do the car insurance comparison yourself by requesting free quotes from the various online ...(related: Insurance)