Tag Archives: Insurance
Which Type Of Life Insurance Is Best For You?
Which Type Of Life Insurance Is Best For You?
In regards to life insurance there are two basic types, one being term and the other permanent. But, which type of life insurance is best for you?Term insurance provides life insurance for the amount of time that the policy holder specifies. If the insured dies within the specified time, the face value of the policy will be given to the beneficiary. However, if he does not die within that time span and the policy is not renewed, then nothing will be paid out. Permanent life insurance on the other hand, provides insurance protection for the policy holder’s life span. In addition, there is a savings element. There are two common types of permanent insurance: whole life insurance and universal life insurance.
The Importance Of Life Insurance For The Stay-at-home Spouse
The loss of a stay-at-home parent is emotionally devastating for a family. Unfortunately, it can cause serious financial difficulties, as well. That’s why it’s important for stay-at-home spouses to have life insurance protection.
Some families choose to have one parent work outside the home while the other stays home to take care of children. Other families are forced into such a situation by limited childcare availability or other circumstances. In either case, most people would agree that the wage earner in any family should have life insurance protection. After all, how would the family survive without a breadwinner’s income?
What about the Spouse at Home?
If something were to happen to a stay-at-home spouse,
7 Reasons You Might Need More Life Insurance!
7 Reasons You Might Need More Life Insurance!
Do you have enough life insurance coverage? In many cases, there’s a major gap between the amount of coverage you need and the amount you have. Meaning, you might need more life insurance!
As you reach different stages in your life, your needs will change. If you fail to update your insurance policy as your life changes, you could find yourself grossly under-insured.
Reason #1: You own a home
If you’re planning on purchasing a home or refinancing your mortgage, protect your investment with life insurance. If you’re unsure about purchasing insurance, ask yourself this question: could your family make mortgage payments without you?
