life insurance agent

Medical Insurance Coverage
Medical Insurance Coverage – Private insurance companies offer wide array of health insurance programs and plans with medical insurance coverage different from one another. All types of health insurance have different medical insurance coverage and this is mostly influenced by the constant rise of health care costs. Understanding medical insurance coverage can be confusing and often times very complica…

Personal Medical Insurance

Personal Medical Insurance – If your employer does not offer group medical insurance benefit, you can still protect yourself from unexpected medical bills by enrolling to personal medical insurance. If you are employed and you think your group insurance benefits are very limited, you can buy personal medical insurance policy tailored to suit your personal needs. In buying personal medical insurance plan, you should compare your optio…

Golfers Insurance
Golfers insurance is not normally covered under a homeowner insurance policy. However, if you are an avid golfer, golfers insurance may be a good idea. Golfers insurance covers the theft of your clubs, and it may even cover their breakage if you have a temper tantrum after missing that ten-foot putt. Golfers insurance can protect you if y…

Medical Insurance For Students

Medical Insurance For Students – College students may get while attending school and away from home. The absence of a temporary health insurance or medical insurance for students could result to unexpected medical bills causing financial burden to the parents. Students are prone to health risks due to stress, active lifestyle when engaged in sports and they ar…

The basics of life insurance

A large number of us purchase life insurance for the simple reason that we want our loved ones to be financially secure after we die, and we don’t want our deaths to be the cause of financial insecurity – whether because of the funeral costs themselves, or the lack of whatever income we provide. When it comes to estate planning, cash accumulation, wealth transfer, and estate tax liquidity, life insurance should be considered a life saver – so to speak – for achieving these goals, and helping out those we love.

The thing is, while life insurance can provide us with exactly what we need for our financial plans, there are a very large number of different choices that must be made with regards to policy type, and the details within those policies, and it can often feel overwhelming when we are faced with those decisions.

One of the most important choices you will need to make, is the life insurance needs that you have, so that you will be able to narrow down the potential policies for you. Therefore, to find out the type of requirements you have, you will want to consider certain issues. These include:

What is your financial situation, and what is the standard of living that you wish to continue for your dependents after you die. You will need to remember that in addition to simply paying for what is required from day to day, there will also be funeral costs and possible final medical bills. Consider whether or not your family will be relocating. Will there be enough funding provided for important considerations such as mortgage payments, daycare, or college?

When will you wish to reevaluate the policy that you choose today? Do you foresee any life-changing events in your future that will need you to reconsider the policy that you will be choosing for now? These events may include marriage, divorce, the birth of a child, adoption of a child, the purchase of a major item or property, such as a home, business, or vehicle.

For different situations, there are different types of insurance that are recommended. Some common examples include:

Single with no dependents – you will want life insurance that will provide enough money for funeral expenses, any debts (such as loans or credit cards), and elderly parents who may have been depending upon your support for retirement or care. Remember, the younger and healthier you are, the cheaper it will be to begin buying life insurance. The longer you wait, the more expensive (and less possible) it will become to qualify for a policy.

Single person with dependents – your insurance should cover your funeral expenses, medical bills, debts, caretaker and education expenses for your dependents.

Couple with no dependents – your life insurance should cover funeral expenses, medical bills, any debt (especially vehicle payments and mortgage payments).

Couple with dependents – find a life insurance policy to cover funeral expenses, medical bills, debts, child rearing expenses, education costs, childcare costs.

Elderly couple – your insurance policy should cover funeral expenses, medical bills, any impact that is made upon disposable income, any debts, and any impact upon assets that were meant to be left for children or grandchildren.

So where does that leave you? You now have the decision of whether you want “term” or “permanent” life insurance. Term life insurance will provide your survivors with death benefit protection for a determined length of time (for example, a 10-year policy). If you are looking for coverage for only a short period of time, this is normally the wise choice. However, if you intend to use your life insurance policy as a type of savings, you’ll benefit from a permanent life insurance policy.

No matter what kind of policy you want, there are certain things required on your part in order to qualify for a life insurance policy. You will need to look into these regulations to be certain that what you want fits your situation.

So how do you really know that a life insurance policy is right for you? If you are still unsure after reading the above information, have a good talk with a quality life insurance agent or broker. Remember that they do want your business, so they will always tell you that you require life insurance, but the true benefit from the conversation will come when they advise you as to the actual type of policy that will be best for you. Talk to 2 or three different qualified representatives and compare the results. This way, you’ll get to know more information, and become familiar with what’s actually available to you.

life term insurance

Critical Illness Insurance
Critical illness insurance gives policyholders the protection they need to keep their lives in order if they are incapacitated by a catastrophic illness. Illnesses that may or may not be covered by a critical illness insurance policy include cancer, heart disease, AIDS, or such occupation-related illnesses as asbestiosis. Polic…

Holiday Travel Insurance
Holiday travel insurance may seem like a redundancy, because any time you’re on a vacation it’s a holiday as far as you’re concerned. Nevertheless, holiday travel insurance may be a good idea. As you can imagine, holiday travel insurance will reimburse you if you miss any connections, even allowing for your hotel stay if you have to remain in a city overnight before the next plane. Holiday travel insurance w…

Critical Illness Insurance
Critical Illness Insurance helps you cover the indirect costs of suffering a serious illness like life-threatening cancer, stroke, heart attack or major organ transplant with money you can use for anything you need. Critical illness insurance provides money when you need it most, upon diagnosis (as defined by the policy). It can free you from worrying about finances, letting you focus on getting well. …

Accident Insurance
Accident Insurance – Accident insurance is insurance that covers the insured person or his family in the case of an accident. People who have an active lifestyle are most benefited by accident insurance, although accident insurance is also helpful to aged or infirm persons who may suffer most in the event of an accident. Because accidents can happen any time or to anybody, having accident insur…

life insurance rate

Livestock Insurance
Livestock insurance is insurance that is taken out on any animal or herd of animals that are owned by the policyholder. Typical farm animals such as cattle, sheep, pigs, horses, and poultry are covered by livestock insurance policies. However, livestock insurance can also be taken out on farm-grown fish, or on exotic animals such as ostriches, emus, llamas, alpacas, and any other kind of animal that is raised for gain. Livestock insu…

Income Protection Insurance
Income protection insurance protects the policyholder if his income is lost due to illness, accident, or unemployment. Not only can lost wages be protected under income protection insurance, but mortgage and other payments can be made to protect the policyholder’s credit rating if he finds himself without work. Income protection insurance is not design…

Fixed-rate mortgages
Fixed-rate mortgages are traditionally the most popular type of mortgage in America. They are typically taken out over a 30-year period, but lengths of 15 to 25 years are also available. The interest rate and monthly mortgage payment on a fixed-rate mortgage remain the same throughout the entire life of the loan. The main advantage of a fixe…

Do I need a title insurance?
Many buyers question whether or not title insurance is right for them. To answer the question first we’ll explain what title insurance is and what it does. What is it? A title is a document that gives you a legal right to a property. Before closing all properties are subject to a title search to insure there are no “clouds” (errors or legal entanglements) that may affect ownership rights.What does tit…

Suddenly single
Suddenly single When her husband died suddenly at 58, JoAnn Russe found she knew little about her family’s finances. February 18, 2005: 4:23 PM EST By Gay Jervey, MONEY Magazine NEW YORK (MONEY Magazine) – In 1978, JoAnn Russe was a 21-year-old secretary and part-time waitress who dreamed of having a career as a child-development specialist and o…