Life Insurance Costs Less Than You May Think
Posted: July 31, 2017
Life Insurance Costs Less Than You May Think Many people avoid purchasing life insurance, especially later in life, because they think it will be too expensive. Not necessarily. According to a 2016 study by Limra, 30% of US households do not have life insurance, and even those households with life insurance only have enough to replace three years of income. Although it depends on your...
Life Insurance When You Are Older?
Posted: August 28, 2016
5 Reasons Why Retirees May Need Life Insurance If you're retired, your house is paid off, and your children are self-sufficient, is there any reason to continue carrying life insurance later in life? Perhaps not. Generally speaking, life insurance is intended to replace lost income if you die prematurely; if you're no longer working, there's no income to replace. But before you let your policy...
Smartphone For A Healthy Life?
Posted: June 10, 2016
10 Questions to Ask Yourself About Insurance Life insurance can be an important component of a financial plan, but it's important for you to do your homework to ensure that you get the policy you need. Here are 10 questions to ask yourself: Do you need life insurance? The primary purpose of life insurance is to protect the people you leave behind - your spouse, children,...
Term Life Insurance Is Usually Better...
Posted: June 9, 2016
Term Life Insurance Is Usually Better... Life insurance is often presented to older, successful investors as a means of saving additional money for retirement. But is this a good option for you? First, it's important to understand how life insurance works. Traditionally, you buy a policy for its death benefit. In other words, it is designed simply so that it will pay a sum to...
3 Myths About Life Insurance
Posted: March 24, 2016
3 Myths About Life Insurance It may seem simple on the surface, but there are many misconceptions about life insurance, and some people still believe them. Here are several we can debunk: Myth 1: You're better off investing your money than buying life insurance. This is the "self-insurance" myth. It holds that by investing your money and letting it grow, you'll ultimately accumulate so much...
