Saturday, February 24, 2018
Term insurance is temporary life insurance that provides protection for a specific number of years.
With term insurance you select the "term" (duration) of your policy and you pay a premium each year for the amount of life insurance coverage you purchase.
If the insured person dies during the policy term, the death benefit is paid out to the beneficiary from the insurance company.
If the insured person is still alive when the policy term expires, there is no payout and the insurance company keeps the premiums paid.
Term insurance is the lowest priced type of life insurance because it is temporary and does not build any cash value inside the policy.
Here's how to learn more about What is term insurance and how does it work.
Wednesday, February 21, 2018
What are the disadvantages of a term life insurance policy?
When it comes to finding the most affordable, easy to understand life insurance plan, term insurance may be the one to consider.
However, term life insurance does have a couple of drawbacks.
Term life is temporary which means you may outlive the life of your life insurance protection.
In addiiton, term life is pure protection, it does not build any cash value so you cannot take a loan from your term life policy.
Learn more about term life insurance disadvantages before choosing your life insurance plan.
Sunday, February 18, 2018
If you're in need of cheap life insurance protection you'll want to consider the following tips when choosing your policy:
How long do you need your life insurance protection to last?
If it's for 30 years or less, term life insurance can offer you the lowest prices available.
Compare pricing among several of the top life insurers because rates do vary by carrier and it may help you save hundreds of dollars per year on your life insurance policy.
Use a needs calculator to help you accurately determine how much life insurance you really need so you aren't paying for more coverage than you need.
Do you need cheap life insurance?
Thursday, February 15, 2018
What should I consider when buying a mortgage life insurance policy?
If you're purchasing mortgage insurance you'll want to consider the following key issues:
How much life insurance coverage do you need?
Will your premiums ever increase during the life of your insurance policy?
How long will your mortgage insurance last?
How much will the protection cost?
Will the amount of life insurance provided by your policy remain the same throughout the life of your plan?
Learn more about buying mortgage insurance protection.
Monday, February 12, 2018
Can I buy a burial insurance policy?
Yes, there are burial life insurance plans that offer guaranteed acceptance for people between the ages of 45-85.
That means, you are guaranteed approval if you meet the age requirements, even if you have a pre-existing health problem.
Although some life insurers may have different age requirements, United of Omaha offers guaranteed coverage for people 45 to 85.
The amount of life insurance coverage available may vary by life insurer, but some offer up to $25,000 of coverage.
There are no doctor exams required and no health questions asked for guaranteed burial insurance.
Here's how to buy burial insurance.
Friday, February 9, 2018
When it comes to shopping for a life insurance policy, what factors will adversely affect the price you pay for life insurance?
The cost of a life insurance is based on several things which include the type, amount and duration of your life insurance.
Also, your personal risk factors impact pricing - these are things which may shorten your life expectancy, including your health, gender, age, hobbies, occupation, tobacco use, driving record,height-to-weight ratio, etc.
The younger and healthier you are, the lower your cost of coverage. But, if you have health issues, smoke, have a high risk job or high risk hobby, or you are older, you will pay more for life insurance.
Learn more about what makes life insurance cost more and how to find the most affordable life insurance plan.
Monday, February 5, 2018
When to comes to purchasing a term life insurance policy there are several things you can do which may assist you in lowering the cost of your coverage.
To start, you can comparison shop for the lowest rates available by requesting a free quote online. That way, you can objectively find the best pricing from a network of leading insurance carriers.
In addition, you can use a life insurance needs calculator to help you figure out how much coverage you need, so you areal;t spending money on more life insurance than you really need.
Be sure to choose the right duration (term) of coverage that meets your needs. Remember, the longer the "term" of your policy, the higher your annual cost of life insurance.
Get healthy, lose weight, lower your cholesterol and start exercising. These things may help you get healthier and get better results on your life insurance health exam which may lead to lower premiums.
Quit smoking - Smokers may pay up to 2-4 times more for the same amount of life insurance compared to smokers.
Learn more about the cheapest way to buy term life insurance.