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Tag Archives: term life insurance

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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There’s Room in Every Budget for Life Insurance

  One of the most common reasons people give for not owning a life insurance policy is that it costs too much money. How can you afford yet another monthly or yearly payment when you’re already struggling to pay your bills? Well, this is precisely why one should own a life insurance policy, so that they can ensure the people they support are taken care of, if and when they die. After all, if your household finds that money is often tight and paying for essentials like the mortgage and car payments can be a struggle, how would your loved ones cope if their source of financial support–you–was gone? When budgets are tight, it can be difficult to imagine where the money would come from for a life insurance policy. The good news is that term life insurance can be purchased at a price that anyone can fit into there budget. Keys to making life insurance affordable: 1. Buy when your young 2. Maintain a healthy life style 3. Keep your driving record clean  Term is the best bet to keep the cost down: Term life insurance certainly has risen in popularity in recent years, as it’s more accessible to ...

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Three Ways Life Insurance and Marriage Intersect That You Didn’t Think About

No matter how savvy you are with your finances, there are a few ways marriage and life insurance intersect that you may have overlooked. In fact, you’ll want to make sure your marriage and life insurance don’t butt heads too much. It’s important to know you’ve done the right thing with your own policy regardless of how your own “happily ever after” turns out. Term Life and Divorce Settlements. If you’re going through a divorce, as a rule of thumb, you’ll want to insist you and your spouse each has enough life insurance to cover all child support and settlement obligations incurred in the settlement. Many settlements make term life part of the deal as a result, and this is something everyone should consider, particularly if they will be caring for children. Even if your ex misses payments on the term life from the settlement, you can still make them. If you do, you’ll have a claim against your ex’s estate for the amount you paid. Turning that around, if you are the one who misses payments, and your ex pays them, your ex will have a claim against your estate. But this will only be true in the amount of ...

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Your Group Life Insurance Policy Might be Limiting You

The following is a guest post from Liran Hirschkorn. If you would like to submit a guest post, please contact me. A big perk for many employees is finding a job that offers life insurance through an employer based group plan or a similar. These policies can be great because they are often cheaper (or free) to the employee and usually don’t require a medical exam, which are added benefits if you are young, or have pre-existing conditions that would raise the cost of an individual term. However, there are also downsides to these group policies offered by an employer that may make you think twice about having one as your primary source of life insurance. Constricting Terms and Benefits Since group policies can include a large number of people they are often very limited when it comes to benefits, coverage, and options. • Benefits: You’ll be hard pressed to find a group plan that is rich in benefits. Typically they’ll only over the basic plan, with some options to improve coverage if you’d like to follow up with them, but that’s it. There are rarely any riders, funeral expense, death from accident, or other benefits available in a group ...

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