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Life Insurance
Life Insurance -
Change is an inevitable part of life. You made the adjustment from elementary
school to high-school, from high-school to college, and now you're taking on the
real world. You've landed a great job. The freedom you've longed for is finally
in your grasp and you're ready to make the best of it. However, in the midst of
all the excitement, it's important to take into account the unpredictability of
the future. This section is dedicated to helping you prepare for some of the
uncertainties you'll face in your new independent life.
People approach life
insurance with predisposed notions. Most people might be oriented to term
insurance yet don't have a good argument as to why. "Term" insurance forms the
base of every life insurance policy. Think of it as renting a safety net: The
owner pays a fixed premium toward a concrete payoff over a specific time. If you
die during this period, the insurance company pays the promised amount. When the
policy reaches its deadline, the coverage vanishes.
Approximately 96 percent of
life insurance is sold at the kitchen table; a growing 4 percent is sold over
the Internet. In either case, caution should prevail. Agents, whether
company-specific or lone rangers, should provide customer service that walks you
through annual statements, untangles premium payment issues and interprets fine
print. Good agents can find companies that do things like interpret high blood
pressure or cholesterol history in laxer terms, or use unisex weight tables,
which are kinder to heavier women.
Life insurance can provide
an excellent opportunity for you to meet many of your goals while still
protecting the financial security of your loved ones. All life insurance
policies have some things in common-you make payments, called premiums, to the
insurance company. When you die, the insurance company pays a death benefit to
your beneficiaries. Often, this death benefit is received income tax-free.
Permanent life insurance,
however, can also provide a living benefit. When you pay your premium, part of
it goes into a cash reserve and accumulates tax-deferred. You can generally
access this cash reserve at any time, for any purpose. It can be used for things
like education expenses, retirement income, and many other needs. It also
remains in force during the insured's entire lifetime, provided premiums are
paid as specified in the policy.
Life Insurance Quotes! Free Whole, Term, and Universal Life Insurance Quote!
Life Insurance Quotes provides free Term,
Whole (Permanent), and Universal life insurance quotes for all of your insurance needs.
Life Insurance Quotes
Life Insurance Quotes - Compare leading life insurance companies- Get FREE life insurance Quotes Now!
Life Insurance
UK, Critical Illness Insurance Cover
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Life Insurance In-Depth
An in-depth look at term life insurance and whole life insurance, with policy comparisons, general advice, and instant online quotes.
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