Most of us agree when thinking about a purchase like life insurance; it’s a difficult, boring topic. We all like to believe we’ll live forever. However, it remains a practical and smart purchase to make, especially when you are younger. So, how will a 30 year term life insurance policy fit into your financial plan? First, […]
Which Term Is Best For You?
Once you've discovered a term policy is right for you and your situation, you're just about finished. However, it's still important to make sure you choose the right duration.
If you choose a short term duration, like an annual renewable term or 10-year term, you will save money. The issue, though, is having the concern of whether your coverage will expire before your intended reasons to have it in the first place do.
This is why many people look at the 20-year and 30-year terms. While they cost more, it's likely you'll be able maintain level costs for as long as your obligations do, like a mortgage, or having dependents.
If you're one who can stick to a plan and prefers to get your money back, maybe even a return of premium policy is justifiable.
Term life insurance has become the most popular and sought after life insurance policy type for consumers since it was created. It’s easy to understand, it offers great amounts of customization, and it boasts the best bang-for-your-buck of any type of life insurance policy on the market. Term life didn’t always exist, and has only become […]
One of the most popular products in the marketplace is 20 year term life insurance… but is it right for you? Thinking about one’s own mortality isn’t very pleasant. This is true no matter how young or old you are. But preparing for your death by purchasing life insurance, even if you’re only in your […]
The thought of passing away is obviously not a pleasant one. Many people, however, are less concerned with their own death than with the possibility of leaving their surviving loved ones with hardship. Aside from the emotional devastation associated with losing a loved one, there is also the possibility for financial hardship. A 10 year […]
Sometimes it’s hard to look too far into the future. This is where an annual renewable term life insurance product can help. Finding the right type of life insurance isn’t really anyone’s idea of a great time. For one, most people – naturally – don’t enjoy the idea of thinking about their own mortality. In […]
Americans, with the help of the internet and its ability to compare prices for every type of purchase, have quickly become experts in purchasing for value. No one likes to over pay, especially for life insurance. So, how do you know if you’re getting the cheapest life insurance you can? Consumers are smart. They understand […]