|
|
| www.1001TopWords.com |
|
|
Life Insurance Benefits
Life Insurance is a legal contract between you and a life insurance company with the purpose of providing an income to spouse, children or other beneficiaries in the event of your death. There are two different categories of Life Insurance. Term Insurance is designed to provide death benefits for a specific time period. It is set up to pay a death benefit if a person should die in this specific time period. The most common term for life insurance is 20 years. Term Insurance has many benefits: it is relatively inexpensive to purchase initially. The reason for this is because your only paying for this death benefit if the death occurs during this specific time period or "term". Term life insurance is great for young couples just starting a family. It is affordable and offers high levels of coverage. The drawback to Term life insurance is that when you initially start out, your payments are low and coverage is high, but at the end of your 20 year term you decide you still need coverage and the cost is much higher because your are now 20 years older. If you are in good health your premiums will be higher. If you have had any medical conditions in the past 20 years, you may not even qualify for life insurance. Some term life insurance policies do offer a provision that will allow a person to convert their term into permanent life insurance in the first few years of the policy. The other type of life insurance is Permanent Life Insurance. Permanent is just that-as long as the premiums are paid, the death benefits are paid. One of the benefits a person receives from Permanent Life Insurance is that it has a cash value. That means you can borrow money on it. There is no need for a credit check on this type of loan. Basically the life insurance is the collateral. The drawback to Permanent life insurance is cost. It is much higher premium than that of a term policy. Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers discount life insurance, auto and home insurance that you can research in your pajamas on his website.
|
|
|
|
RELATED ARTICLES
Avoiding The Potholes Of Car Insurance Car Insurance is an issue that we all of face in our lives. Do we insure our car or not? Business Insurance; Information you will need When you start a small business you will need to have insurance. You would be wise to shop around. Triple A rated carriers like Farmers Insurance, State Farm and All State are definitely places to get quotes from, but also be sure to check out your local independent insurance agents as well. When shopping for a quote there is some things you will need to know. For instance you SIC code and business category. If you are involved in more than one, it pays to look at both SIC codes to see which category is preferred by the agents underwriters. Some SIC codes many insurance companies will not even touch. For instance Car Washes, Amusement Parks, Aviation Businesses and security companies. But there are insurance companies who specialize in these areas. Perhaps you might wish to thumb through a recent trade journal to see which insurance companies are actively seeking clients in those categories. You will be glad you did; also do not forget to check online as well. What is Travel Insurance? Travel Insurance is designed to protect your health, belongings, and your financial investment in your trip. It provides peace of mind for you and your family while on your vacation. Group Term Life Insurance and the Options Available Group term life insurance is more affordable than individual life insurance policies because the costs to the insurer are lower. They have less paperwork to handle, and are guaranteed multiple accounts from one sale - which is their incentive for offering this type of policy. MSA or HSA: Can I Keep My MSA Or Do I Need to Convert it into an HSA? The Medical Savings Account (MSA) is an older form of the Health Savings Account (HSA). Choosing the Best Life Insurance Option for You Life insurance in the UK is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to UK consumers. Why Boats Are A Pleasure... But You Still Need Boat Insurance One of the greatest pleasures that a man can have is owning his own boat. It goes back to the days of adventure on the high seas when a man was absolute monarch of his realm as a captain of his ship. High Deductible Health Insurance Plans For Individuals and Families Do you pay more attention to your car than your body? You change your oil every 3000 to 4000 miles. You have your tires rotated every other oil change. Your air filter and brake pads are changed at the appropriate intervals. The Importance of Travel Insurance You've finally saved enough to go on that dream vacation you've been planning. Now you're wondering if you should buy travel insurance. Do I really need to go to the extra expense? All I can lose is my luggage, right? 5 Steps To Cheap Car Insurance Premiums Although car insurance is compulsory, it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you hundreds. Health Savings Account (HSA): Do I Lose It At the End of Each Year? The Health Savings Account (HSA) is an amazing tool to reducehealthcare expenses and insurance costs. But do you lose it atthe end of each year, like with a Flexible Savings Account (FSA)?Thank goodness, no! You do not lose your HSA money at the end ofeach year.Health Savings Account were created specifically to be BETTER thantheir predecessors, Flexible Savings Accounts (FSA) and Medical SavingsAccounts (MSA).Your HSA does not have to be used up within the year. In fact,the money can just build and build each year if you don't need it. Itwill be there for your health crisis if that ever happens.If you never have that health crisis (and I hope that's the case foryou!) then you will have a nice little nest egg built up ofyear-after-year of health savings plus the interest earned.I really like the term "Health Savings Account." I like itbecause it says that you can save by being healthy. The healthier you are, the more money you'll have left in that accountwhen you retire.And speaking of retirement, your HSA will act like a nice IndividualRetirement Account (IRA) as soon as you reach age 65. You'll be able towithdraw money without penalty for any reason you wish. (Butyou'll still have to pay tax on withdrawal, just like with atraditional IRA).My advice to you is put the maximum amount into your HSA everyyear. The money will be there for you if you have a healthcrisis, and it will be there for you in retirement if you manage tostay healthy year-after-year.Good luck with your healthcare, your health insurance and your HSA! Do You Know What The 7 Home Insurance Plans Are? Most people don't realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different from the other 6 based on the circumstances that it covers. Additionally if consumers are familiar with any of the plans it would be plans that involve parts of option 2 and option 3. You'll see why as I explain each plan in more detail below. Gain An Advantage Over Your Competition By Controlling The Cost Of Your Health Insurance As many of us expect, the New Year will bring both tremendous challenges and opportunities for all of us both personally and professionally. Employers continue to face the major challenge of controlling the cost of their health insurance and other employee benefit programs. Organizations that can best get a handle on the cost of their employee benefit programs have an excellent opportunity to gain an advantage over their competition. Tips On How To Save When Buying Car Insurance If you want to save money when you purchase your car insurance here are a few ways that can help you as you search for auto insurance. Sisters Are Insuring Themselves: Finance is the New Feminism According to a study by LifeSearch, the number of women in the UK buying life insurance in the UK has doubled over the last six years. As women are increasingly closing the gender related pay gap and even becoming the main breadwinners in a household, they are also becoming more vigilant about their finances and less financially dependent on their partners. Need Low-cost Temporary Family Health Insurance? Many families will find themselves without medical coverage at some point in their lives. So, what do you do if you find yourself in this situation? Here are some thing that you should consider when purchasing quality, low-cost temporary family health insurance. Alternate Risk Transfer (ART) - Insurance Strategies Risk Management Compare Car Insurance Companies Before You Commit If you want to save money on your car insurance, compare insurance companies before you sign up for an annual premium. Car insurance premiums can differ as much as 300% between carriers for the same coverage. Comparing quotes is the only way to find the best deal. Fortunately, online insurance sites have made this easy. Should You Have Higher Deductibles On Your Coverage? What is a deductible? A deductible is the amount you pay before your insurance carrier pays any claim. Insurance companies offer deductibles on certain coverage in insurance policies as a method of sharing risk with the people they insure. Insurers believe that if you, the insured, share some of the risk you will likely be more careful and try to minimize the possibility of a claim. Since you, the insured, pay your share before the company is liable for their share, smaller potential claims are often avoided. Bankers Long Term Care Insurance How many times have you seen people whose life was turned upside down by an accident?
|
| © Athifea Distribution LLC - 2013 |
