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Life Insurance

How Much Do You Know About Life Insurance Policies?

Earning, saving, and investing your money is an ongoing process that you engage in every day to build your financial security. But have you also taken steps to protect the legacy you are leaving behind? When a tragedy occurs, your family would be hit with massive expenses and the loss of your income right when they are emotionally at their weakest and most vulnerable. What will happen to your carefully constructed financial plan if you don’t have life insurance? Most financially savvy people know they need life insurance, and they know that procrastinating on this decision could put their loved ones in a devastating situation. But people still put off buying insurance often because they don’t feel confident in their knowledge of the products, and that lack of knowledge makes them feel uncomfortable with the process. If this situation is the case for you, take the time now to learn more about life insurance. You’ll feel much more in control during the buying process if you are better informed. Start by understanding the difference between term and whole life policies. Term insurance is less expensive, and you can cancel at any time, but when you cancel, you’ll have no cash ...

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3 Types of Life Insurance and When You Might Need Them

Life insurance is one of the best investments that you could ever make for your loved ones. These policies are one of the only ways that you can ensure that your family has the money that they need, regardless of what happens to you. Shopping for life insurance is not a fun task, but it’s not as hard as you may think. There are several different types of life insurance that you can choose from and thousands of different companies. Each of them is going to have different advantages and disadvantages that you should consider before you purchase a policy. Each kind of life insurance plan works well for different people in a different stage of life. It’s vital that you get the perfect kind of life insurance policy to meet your needs. Term Life Insurance The most popular type of coverage is a term insurance policy. These plans are bought with a pre-determined expiration date attached to them, and once that date has passed, then you’ll no longer have insurance coverage. Because these plans are a temporary, they are going to be the most affordable insurance coverage that you can buy. You can buy one of these plans to ...

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3 Insurances Everyone Should Have

insurances most people should purchase

  Insurance is one of those funny things that most people hate buying, try to never use, but are gloriously thankful for if the right situation comes along. There are some insurances that I believe we can do without, but I think there are 3 insurances most everyone should have; health, life, and disability. There are Still Tons of People without Health Insurance Despite over 11 million new signups for health insurance through Obamacare, there are still plenty of people who don’t have health insurance. The penalty for not having insurance is not enough of a deterrent for many people, and the list of reasons you can forgo the penalty due to a hardship exemption is broad enough to cover just about anyone who doesn’t want to purchase. For those of us who don’t qualify for a subsidy or for those who don’t want one, seeing premiums double or triple every year makes it tempting to go without, especially for the young and healthy. I had a patient just this week who was upset that her insurance didn’t cover eye care, despite a $700 a month premium. She said she was thinking about droping insurance and saving that money to ...

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Term Life Insurance for Couples

term life insurance for all types of couples

  Your partner in life means everything to you.  Whether you are married or not, your significant other is there for you supporting you through everything life throws your way and you are there for them.  But what would happen if you suddenly were not there anymore? You are there for each other emotionally and physically, but are you also financially supporting each other?  If your significant other relies on your income, they are going to struggle if it is no longer available.  Term life insurance would ensure your loved one would be safe from financial disaster if you died unexpectedly.  Quotacy, an online life insurance agency, will guide you both through the process of getting term life insurance so your loved one will not feel financial struggle in the wake of unexpected loss. Married Couples Married couples, especially if you have children, have the greatest need for life insurance.  You have made a lifelong commitment to this person through sickness and health, but if you died unexpectedly how would they get by without your income?  Mortgage income, credit card debt, funeral expenses, these are all things that a term life insurance policy could help pay for if something happened ...

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Have You Had The Life Insurance Talk?

If you’re like me, you think about living to a ripe old age, where your days will be spent telling the grandkids about the olden days when you had to type on actual keyboards, uphill, through the rain to get any work done. No one wants to think about the alternative. Realistically, you never know when your time is up. Because life is uncertain, you need to have the life insurance talk with your significant other today. When Do You Need Life Insurance? Its a judgement call, but I think there are several instances when you absolutely can’t do without life insurance. If you have dependents who rely on your income to live, you need life insurance. If your income helps pay the monthly bills, how would your family fare if that income was suddenly taken away? You don’t want your spouse to worry about how to feed the kids, especially when dealing with grief. If you have a mortgage, I think it would be wise to have enough coverage to pay it off. That way, your family won’t have to worry about losing their home. If you own a business that needs working capital generated by you, I think ...

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