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How much life insurance do I need? |
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Tuesday, 10 March 2009 11:03 |
 How much life insurance do I need? In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance or make a charitable contribution, buy enough life insurance to achieve those goals. If you have dependents, buy enough life insurance so that, when combined with other sources of income, it will replace the income you now generate for them, plus enough to offset any additional expenses they will incur to replace services you |
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Last Updated on Tuesday, 10 March 2009 11:12 |
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Charitable Giving with Life Insurance |
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Friday, 06 March 2009 23:27 |
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 Charitable Giving with Life Insurance
A donor can make a sizable gift to his or her favorite charity by the donor allowing the charity to own a life insurance policy on their life. Here is how it works: A charity makes an application for life insurance on your life making itself the beneficiary. The donor must consent in writing for the life insurance application. In some states, the charity must be a
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Last Updated on Tuesday, 10 March 2009 11:37 |
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What is the difference between a guaranteed premium and a non-guaranteed premium? |
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Written by Administrator
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Friday, 06 March 2009 22:01 |
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What is the difference between a guaranteed premium and a non-guaranteed premium?
The term insurance quotes we offer come with two types of premium provisions: guaranteed and non-guaranteed. The first allows you to choose a term period of 5, 10, 15, 20 or 30 years. During this term, the premium is guaranteed to not increase or decrease. |
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Last Updated on Tuesday, 10 March 2009 11:56 |
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Why should I buy life insurance? |
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Friday, 06 March 2009 23:57 |
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 Why should I buy life insurance?
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations:
Replace income for dependents If people depend on your income, life insurance can |
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Last Updated on Tuesday, 10 March 2009 11:54 |
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Life Insurance Definitions |
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Written by Administrator
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Friday, 06 March 2009 21:58 |
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Life Insurance Definitions
Beneficiary
The person(s) named in the policy to receive the life insurance proceeds upon the death of the insured.
Cash (Surrender) Value
The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse. Convertible Term Insurance
Term insurance which can be exchanged (converted), at the option of the policy owner and without evidence of insurability, for a permanent insurance policy. |
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Last Updated on Tuesday, 10 March 2009 11:57 |
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