Term Insurance Current Rates, News & Information

What is the Shortest Limit for Term Life Insurance I Can Buy?

Posted in Life Insurance , Term Insurance

July 21st, 2009
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Having life insurance is a great thing, especially if you are married and have children. Your income goes towards the safe and responsible functioning of your family unit, covering everything from the mortgage or rent down to baby formula, car payments, private school tuition and heating bills in the dead of winter. Should you die, that income will be lost, and your surviving family members could be face hardship. So, in order to make sure that our loved ones are cared for should we die, we get life insurance. One kind of life insurance that many people find to be the right fit for their needs is term life insurance.

Advantages / Disadvantages of Term Life Insurance

Posted in Life Insurance , Term Insurance , Whole Life Insurance

July 14th, 2009
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One unpleasant fact about this modern life is that money – or the lack thereof, specifically – limits what we can do. The more money we have, the more options. There are those of us with very few options indeed, and those at the other end of the financial spectrum who have nothing but options. The vast majority of us fall somewhere in between. One thing that many of us want to have but that some of us can’t quite afford is life insurance. Life insurance gives us peace of mind knowing that our loved ones will be financially cared for when we pass away. If you’re the parent of two young children, for example, then you know how important life insurance is. What would happen to them if your income suddenly vanished? Or worse, if it vanished but your debts did not? We get life insurance in order to avoid that worst-case scenario. For those of us who can’t afford whole life insurance, there is another option available: term life insurance.

Why Choose Permanent Life Insurance?

Posted in Life Insurance , Permanent Insurance , Term Insurance

June 16th, 2009
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Choosing life insurance can be a challenging decision as there are a variety of options out there to suit the needs of the general public at large. When comparing term life versus permanent life insurance, each type has their pros and cons. The biggest con against permanent life insurance is the actual cost associated with securing and maintaining a policy. However, once you figure out how to leap the financial hurdle, there are many reasons to choose a permanent life insurance policy.

What is an Annuity Forfeiture?

Posted in Annuity , Life Insurance , Life Insurance Claims , Life Insurance Riders , Permanent Insurance , Term Insurance

April 20th, 2009
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Planning for retirement is crucial to ensuring that you will be able to provide yourself with a level of comfort when you are no longer working. One such investment tool many utilize to ensure a steady cash distribution is by arranging an annuity with a life insurance company. Individuals make a contract with an insurance company where the individual pays regular premiums until a set date that the annuity starts providing the policyholder with payouts. Annuities can be a good investment tool, but in some circumstances a pure life annuity can result in a forfeiture of investments.

What if an Annuitant Passes Away Before Their Term Expires?

Posted in Annuity , Life Insurance , Life Insurance Claims , Permanent Insurance , Term Insurance

April 14th, 2009
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People who get permanent life insurance are taking care of two important issues at the same time: they’re ensuring the financial safety of their loved ones in the event that they will die suddenly; and they’re planning for their retirement. A permanent life insurance policy has what’s called a cash-value factor. This means that, unlike term life insurance, all the money you put into your permanent life insurance policy (in the form of your premiums) starts to accrue, and goes into a fund which you can get back when you want to.

Senior Life Insurance

Posted in Life Insurance , Term Insurance

April 3rd, 2009
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As a general rule of thumb, the younger you are, the less you are going to pay for life insurance. This is because statistically, younger people are less likely to die before their insurance premiums have paid for the benefits.

Why Do I Need Senior Life Insurance?

What Type of Life Insurance Should I Buy?

Posted in Life Insurance , Permanent Insurance , Term Insurance

August 27th, 2008
2 Comments

You generally buy life insurance for a specific time period or for as long as you live. If you need life insurance for a certain period of time, you should consider term life insurance. It allows you to buy coverage for the amount you need for a specific amount of years at a flat premium. For example, you have 15 years of payments left on your mortgage balance and can ensure that the debt is paid, you could buy a 15 year term life insurance policy. Term life is good for large amounts of insurance for a limited time at budget pricing you are not building any savings, just protection. Premiums are lowest when you are younger and increase at each renewal as you get older. You may want to also look into convertible term policies if you think your needs may be changing in the coming years it allows you to convert to permanent life insurance with an increase in premiums.