01/08 Q&A

How to Get Life Insurance When You Are Retired

If you have a life insurance policy, your beneficiaries will receive a benefit, paid by the insurer after you pass away. Generally, life coverage is purchased to financially secure you family if you die. However, a policy can be used for other things as well!

Basic Facts About Term Life Insurance

Term life insurance facts can help people decide whether to purchase the policy. It is important to understand advantages and limitations before purchasing.

How to Acquire Life Insurance Quotes

Getting to select the right kind of life insurance policy from various quotes can be a taxing process. There are several forums online where you can fill in form to receive highly competitive life insurance quotes from a wide network of local agents.

Term Life Insurance Rates for Seniors

Term life insurance policy can be bought be elderly citizens in their 60’s or early seventies. There are a lot of benefits to buying a comprehensive term life insurance package for seniors.

The Benefits of No Medical Life Insurance

Obtaining life insurance becomes very easy when you purchase a no medical policy. These policies do not require medical tests. But, there are some limitations. Life insurance is an extremely essential safety net that you provide for your family. Although very important, it comes with certain hassles, the biggest among them being medical examinations. In order to ensure that you are in good health and to be convinced that you are not a “high risk” customer, you need to undergo a battery of test. If you want to avoid these examinations, you can opt for no medical life insurance.

Could Your Life Insurance Company Fail?

You get a life insurance policy because you want your family to be financially secure after your sudden demise. However, what if the insurance company fails? There are various strict regulations and guidelines for the insurance industry in India that makes it almost impossible for an insurance company to go bust.

Life Insurance – The Promise We Made

Life insurance goes beyond a transaction with a trusted insurance agent and a monthly cost. Many people in America buy life insurance. When they are approved, they stick the policy certificate in the filing cabinet and forget about it. Most of us, subconsciously, think we are immortal and we will live a full life and pass on due to old age. One defining moment in time can change all of that, all in a flash.

Know Differences Before You Buy Life Insurance

If you’re like most Americans, you aren’t very confident about what to ask for when shopping for life insurance. Besides the major questions like, “How much should I get?”, or “What kind of insurance is right for me?”, there are a few other things you ought to ask any company you’re considering for your insurance needs.

Explain Term Life Insurance and Its Various Important Aspects

Life insurance policies are predominantly of two kinds – term life insurance and whole life insurance. In this article, the various aspects associated with term life insurance are explained. Typically, term life insurance is offered for a fixed term rather than till the end of life. If the policy holder dies within the coverage term, his beneficiaries receive the full policy amount. The premiums are low and fixed for the entire term. One of the most important benefits of term life insurance is that the policy holder receives a higher level of financial freedom to manage his investments. Since premiums are low, the policy holder saves money and can use it for other investments. Also, the death benefits received on term life policies are not taxable. The only disadvantage of these policies is that they offer no cash value on premiums. In other words, your investment does not grow with time. Whole life insurance, on the other hand, builds cash value. However, the cash value you receive is counted as income and is taxable. It can be renewed after the end of the term. You can also convert it to whole life policy.

Best Life Insurance For 30 Year Old – What Are The Factors You Should Compare?

A person in his thirties is at a phase when he experiences the responsibilities of sustaining a family. Majority of men and women are married in their thirties. Most of them also have small children. So, the need for life insurance is very profound. If you are in your thirties and don’t already have insurance, you should buy yourself one. This phase is the best time to purchase the best life insurance for 30 year old.

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