7-Things You Need To Know Before BuyingRead More →
Why Buy Mortgage Protection Insurance? Getting a quote comparison for mortgage protection insurance policies is easy, just click this link and submit the completed mortgage insurance quote request. You will quickly receive the prices of the various policies available in your area. However, not all the policies are the same. In fact some companies sell basic term life insurance as “Mortgage Protection Insurance”. Sure it protects your family in case you die while you still have a mortgage. But, most foreclosures (62% in fact) are due to the unforeseen financial consequences of cancer, heart attack, stroke or other critical and chronic illness, not death. We detailed this in a previous article. Why buy mortgage protection insurance? Because the right policy can keep you from losing your home if you have cancer, heart attack, stroke or other ctirical and chronic illness that create the perfect storm of reduced income and higher expenses.Read More →
To secure a mortgage we are required to purchase and keep homeowners insurance because that policy protects the banks that lent you the money to purchase your house. Mortgage protection insurance, however, protects you and your family. It protects you from losing your home. You are not required to purchase mortgage protection insurance even though you are much more likely to need it and if you do, it determine your family’s quality of life four many years to come.
The mortgage protection insurance we offer our clients cost no more than the old fashioned “death only” coverage, but covers most major medical events. In fact, you can access your benefits in the case of heart attack, cancer, stroke, chronic disease or a major accident that leaves you unable to perform two or more of your activities of daily living.Read More →
This article explores the five most harmful life insurance myths that still prevail. Even educated professional often find they have to debunk persistent insurance myths that have been the root of many poor and even harmful consumer decisions. Listed below is an examination of some of these myths and misconceptions we face every day.Read More →
Just a few years ago there were only a couple insurance companies that added true living benefit life insurance within both their term and permanent life insurance products. Now, nearly ten different major insurers offer living benefit life insurance as a standard feature on select life insurance products. Recently another insurance company, one that is 140 years old, joined the growing list of insurers offering living benefit life insurance. This is great news! Even more, this particular insurer has additional benefits for all policy owners that are above and beyond what other insurers offer.Read More →
Are you shopping for life insurance, butRead More →
…the advantages of living benefit life insurance policies can anyone avoid bankruptcy and the most severe finanical impact of a major health event. You can avoid financial hardship with living benefit life insurance.
Indeed, it’s problematic that a comprehensive insurance policy will cover hospital fees yet will not assist with the essential life and family expenses like mortgage, car, loan, and tuition payments that put financial strain on recovering patients. When an illness prevents someone from working, simply paying off hospital bills is not enough. Many struggling with this issue find themselves going through bankruptcy–all while the money they have put into a life insurance policy sits untouched.Read More →
Term insurance is a great tool to insure against the financial consequences of a premature death for a limited amount of time. Examples of needs that may be ideal for term insurance include a mortgage or other major loan payment and dependent children. Your financial obligation toward your children ends once they are out of college and live on their own. While the exact time period is different for every family, unless there is an underlying disability issue few people expect to be supporting their children well into adulthood. Similarly, mortgages and other major debts will typically have a finite period. Eventually the debt is paid off and the need to insure that expense against a premature death expires. Mortgage protection insurance can be either term or permanent depending on the consumer need and budget. Term insurance vs. cash value insurance should both be considered.Read More →
Every life insurance we know of that also offers living benefits will have some conditions that require a loss of two or more activities of daily living to receive benefits for chronic illness. (There is no such requirment for critical illness) Every Long-term Care policy we know of includes these loss of activities of daily living as a condition for benefit. It is important that consumers understand the concept of activities of daily living so that they understand the benefits of long-term care insurance and long-term care riders within some life insurance policies.
Because of the advent of living benefit life insurance, consumers no longer need to purchase two separate policies to protect themselves and their families. In some cases, the long-term care benefits within a life insurance policy do not require a higher premium than the old life insurance, no other cases the premium is nominal.
This means that we can now own a life insurance policy that also acts as a long-term care policy without paying extra! This substantial cost savings means more families can protect themselves from life events that can destroy their next-egg and severely disrupt their quality of life.Read More →