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Should I Get Term or Permanent Life Insurance?

Posted in Life Insurance , Permanent Insurance , Term Insurance

May 3rd, 2011
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Deciding what type of life insurance to purchase can be challenging to those who want to make sure they buy the very best coverage for their family. The two main types of coverage to purchase are term and permanent. Which is the best choice for you? Since making the right choice depends on your circumstances, let’s take a closer look at how you might decide. Should I Get Term or Permanent Life Insurance?

Common Beliefs and Myths Regarding Life Insurance

Posted in Life Insurance , Permanent Insurance , Term Insurance , Universal Life Insurance , Variable Life Insurance , Whole Life Insurance

November 9th, 2010
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If you’ve been thinking about purchasing life insurance, you’ve probably received a lot of advice from people around you regarding the specifics of buying this type of policy–or even whether you should buy it at all. There are tons of life insurance myths out there, along with some real facts thought to be untrue. Let’s take a look at some of the common life insurance beliefs and whether they should make a difference in your decision to buy a policy. Common Beliefs and Myths Regarding Life Insurance

U.S. Households Without Life Insurance Reaches 50-Year High

Posted in Life Insurance , Term Insurance

August 30th, 2010
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New data from industry-funded research firm Limra has revealed that nearly a third of U.S. households have no life insurance coverage. According to the firm, this is the highest percentage of households going without insurance in five decades.

Millions Are Uninsured

The report found that about 35 million (about 30 percent) U.S. households are without both their own life insurance policies and a policy covered under their employer-sponsored plans. This number is up from 24 million (or 22 percent of households) in 2004. U.S. Households Without Life Insurance Reaches 50-Year High

Genworth Study: Long-Term Care Costs Increase

Posted in Life Insurance , Term Insurance

April 30th, 2010
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A new report shows that long-term care costs are increased significantly last year. According to Genworth Financial, adult day care and assisted-living costs both grew at a 12 percent clip this year as compared to 2009.

The Median Cost of Private Nursing Increased in 2009

Private nursing is a major aspect of long-term care and is known for being the most expensive. According to the study, the median cost of leaving a loved one in a private nursing home rose to $206 per day so far this year, as opposed to $203 in 2009. Genworth Study: Long-Term Care Costs Increase

Insurance Information Institute Says Empty Nesters Still Need Life Insurance

Posted in Life Insurance , Term Insurance

March 30th, 2010
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If youve been thinking about dropping your life insurance coverage because your youngest offspring has flown the coop, youd better think twice. According to the Insurance Information Institute (III), dropping your life insurance when your 18-year-old leaves home could leave your family vulnerable to serious financial problems. Insurance Information Institute Says Empty Nesters Still Need Life Insurance

FAQ: Why Choose Term Life Insurance?

Posted in Life Insurance , Term Insurance

September 24th, 2009
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Buying life insurance is probably one of the least enjoyable tasks a head of household has to do. The research can be long, the subject matter is depressing and analyzing all the term life insurance choices and be overwhelming. If you are looking for a simple and affordable way to provide for your family in the worst case scenario, choosing a term life insurance policy may be for you. FAQ: Why Choose Term Life Insurance?

Term Life Insurance: Maximum Payout?

Posted in Life Insurance , Term Insurance

September 24th, 2009
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Term life insurance is an important level of protection if you are the head of your household. You need it to ensure that your family will be financially protected in case the policyholder dies prematurely. Term life insurance policies are extremely popular as they are straightforward and affordable. However, the larger the maximum payout for your term life insurance policy you choose, the more money you will paying for your family to receive that death benefit. Term Life Insurance: Maximum Payout?

Term Life Insurance: High Payout?

Posted in Life Insurance , Term Insurance

September 24th, 2009
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Term life insurance is one of the most simple and straight forward types of insurance you can buy. You can purchase a term life insurance policy anywhere from 1-30 years in length, and if during that time you die, your beneficiaries will receive a death benefit. Upon your demise, the heirs to your estate will receive the payout amount of the term life insurance policy in one lump sum, the result of your premium payments into the policy. Term Life Insurance: High Payout?

FAQ: Who Benefits from Term Life Insurance?

Posted in Life Insurance , Term Insurance

September 7th, 2009
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If you are the sole income generator of the family, your spouse and children can benefit from you purchasing term life insurance.

Benefits of Term Life Insurance

Term life insurance is a type of insurance policy that only guarantees a death benefit to your heirs if you die during the time the policy is active. As you age the premiums will go up, but initially the premiums are affordable and the policy rules and payouts are simple to understand. If you are on a limited income, your family will benefit most from term life insurance. FAQ: Who Benefits from Term Life Insurance?

Longest Term Limit for Term Life Insurance?

Posted in Life Insurance , Term Insurance

July 28th, 2009
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By and large, all Americans want to be independent while at the same time caring of others, especially our loved ones. That’s why those of us with spouses or partners as well as children get life insurance. We do this so that they can have something to protect themselves with should we pass away unexpectedly. After all, what is the alternative? If you’re the main bread winner in the family, and you die without life insurance, they could be left with no income and owe large amounts of debt. So, to make sure that this unhappy fate does not befall our loved ones, we get life insurance. One popular form of life insurance is called term life insurance, which is life insurance that can be bought in specific increments of time. Longest Term Limit for Term Life Insurance?

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