Do I need life insurance?
In Life Insurance
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It’s a simple question most people ask of themselves at least once; do I need life insurance? The answer is simple, if you have any financial obligations to yourself or to others that can be disrupted or endangered by your falling victim to a heart attack, stroke or any critical or chronic illness as well as premature death, the answer is yes.

Wait a minute. Did you read that right? What do living through critical or chronic illness have to do with life insurance? I’ll answer that in a moment. First, let’s talk about the biggest problem of all; fear and misconceptions. I warn you though, this article is straight forward and does not pull punches. If you want a feel good story, don’t read further. If you want a dose of reality, read on.Read More →

life insurance quote
In Life Insurance, Mortgage Protection Insurance, Retirement Income
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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 →

Final Expense Insurance
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Most people are surprised to learn how much a typical funeral costs. The average price of a very basic funeral, not including embalming, headstone, burial plot, flowers, death certificate was just $708 back in 1960. Today the same basic funeral is approximately $7,000. When we add in the cost of embalming, a headstone and burial plot the cost doubles to an average of $14,000. That’s right, on average it costFinal Expense Insurance $14,000 to bury a loved one today, and that cost increases every year.

For those who do not have insurance in place to cover these expenses, the burden of paying these final expense bills will fall on their children or their surviving spouse. Few people want to put their family through such a financial strain, especially when they are grieving for their loss, a time when they are most vulnerable. Read More →

Universal Life Insurance
In Life Insurance, Retirement Income
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Each Universal Life insurance policy has two parts; the first part is the cost of insurance. This is the cost of term insurance for the current year of the policy. The second part is the cash value. When you make a payment to your Universal Life policy, the amount you pay that is in excess to the term insurance cost is credited to your cash value. That cash value grows tax free and can be accessed at any time for any reason you choose.

There is one particular type of fixed Universal Life policy that has become the life insurance product most in demand in the United States; the Indexed Universal Life insurance policy.

With the indexed Universal Life policy, the cash value has two growth components; a minimum growth rate and a growth rate pegged to the positive years of an index. The most common index used is the S&P 500. There are other indexes available, but for the sake of brevity we will only use the S&P 500 equity index as an example. The Indexed Universal Life policy is in such demand that it accounts for 38% of the entire life insurance market in 2013.Read More →

life insurance with living benefits
In Life Insurance, Mortgage Protection Insurance
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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 →

life insurance for diabetics
In Life Insurance
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Many diabetics fear that affordable life insurance is out of reach. But, there is Life insurance for diabetics and it is affordable. It simply takes an agent skilled in insuring people with preexisting conditions to get you the best policy at the best price.

It happens every day; a person walks into a doctor’s office expecting to need a new prescription to cure what ail them and instead hear a diagnosis that is life changing. It’s scary uncertain time and even if their illness is not immediately life threatening the full consequences of the diagnosis slowly come to light. Oddly enough, we get telephone calls almost every month from a person who just had such an experience and then asks; is their life insurance for diabetics?Read More →

advantages of living benefit life insurance
In Life Insurance, Mortgage Protection Insurance
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…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 Life Insurance vs. Cash Value
In Life Insurance
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Whole life insurance is a permanent insurance; which means it will continue to insure you for your life time as long as you pay the premium. The premium never increases and the benefit never decreases. Like all insurance policies, the best time to purchase whole life insurance is when you are young and healthy. Doing so will lock in a low insurance rate for your entire life. It will also allow the policy the time it needs to compound your cash value without taxation into a serious nest egg.Read More →

Term Insurance vs. Whole Life Insurance
In Life Insurance, Mortgage Protection Insurance
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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 →