Life insurance a primer.....
This is a brief description of
Life Insurance ..............
Key Insurance Benefits:
- Life insurance is a very good financial planning tool. It is
necessary for everyone, irrespective of the nature of your work.
Suppose a working member of the family dies. The whole family including the extended
family would face a huge crisis, so it is advisable to insure your life,
so that your loved ones do not suffer, more than necessary.
- Life Insurance is the foundation of financial security for you and your family.
It protects your families financial resources against the uncertainties of life so
they can plan for the future.
- Most of us don't like to think about life insurance. It's a reminder
of the end of life as we know it on earth, a final day for us. But the devastating
loss to our loved ones makes it a necessity, to plan for. On the other hand,
millions don't address it, ignore it, stop there, think only of today, themselves and are either
uninsured or under insured, leaving many families to suffer the consequences.
Life insurance quotes on term life tend to be very inexpensive for a very high coverage amount,
dependent upon your age. If a partner should pass on, the coverage from
your life insurance plan can cover all your expenses without leaving your partner
scrambling and stressed for money during a very difficult time.
- There are two types of life insurance, one is term life insurance
and the other one is a whole or permanent life insurance.
A few factors to consider when debating buying life insurance; if you lose your job and
have a mortgage and bills to pay, a universal coverage can help pay these continuing expenses.
This plan may help cover death benefits as well as calamities while a person is still alive. For example, if you have
a sick parent or partner and you have to quit your job to stay home and take care of them,
this plan may be able to cover your expenses while your out of work. This page will hopefully give you the
insight to make obligations easy to fulfill. A little insight can make life insurance much easier
to contend with.
- The easy route is to accept what our employers offer, it may be part of
the package, and it maybe a sign on for the supplemental package. It seems cheap
and convenient. This allows for a payroll deduction, you never have to think
about it there after. Surely the employers rate for 100's of people are far less than
an individual would pay, right. That's logical, unfortunately there is little or no
screening process for employees and who is going to load up with all the
insurance they can get but the
worst of health risks. Over weight, high blood pressure, high cholesterol, heart
disease, cancer risks you can just look around and you get the point.
See the Body Mass calculator. It maybe the only life
insurance they can get. The insurance companies are aware of this, it's called
adverse selection and rates are adjusted accordingly. Then to, generally when
your employment ends so does your insurance. At that
point in time, are you still insurable, and at what rate? Will you be uninsured
while finding another job and will they offer life insurance as a benefit on
the new job? Conclusion, for anything over the employers paid basic, it's time
to look at a long term individual policy.
- Fortunately it can be inexpensive. Buying an individual long term policy
can be a fraction of the cost based on your good health. No HIV test, no blood
test, etc. But guess who pays the costs, if your willing to
take a physical and submit your medical background. The insurance companies
will. The benefits can lower
your cost by as much as 75%, the physical is done at your home or
business, which ever is most convenient to you, and the testing is conducted
by a trained professional. The policy may cover the youngest through college
or a policy of choice would cover your family through to retirement. It's your choice of 5, 10, 15, 20
or so years. Always remember to provide all the information about
yourself, family history, occupation etc to the life insurance company
correctly. Your application would usually be processed within a week.
Cover your family today.
New Mortgage Holders, Qualify with No physical Exam, Texas.