Archive for the ‘Life Insurance’ Category
Women should think carefully when insuring their lives
When it comes to writing an article, it’s always best to start off with good news. This sets a positive tone to the piece and keeps people reading. So, here it comes. The premiums for life insurance have been dropping! Yes, you did read that properly. It may not feel like it, but there has never been a cheaper time to buy a life policy. How come? Well, unlike other forms of insurance, the policy only pays out in the future when the life insured ends. If you go back to 1980, men lived to an average of 70 years, women to 77 years. In the latest figures released by the Center for Communicable Diseases, men now live to an average of 75.6, with women now into the 80s at 80.8 years. As an aside, the poor quality of the US healthcare service is highlighted by the life expectancy figures. The US ranks only 38th in the world. That said, since the obligation of having to pay out on a life policy is disappearing into the future, the cost of the benefits payable can be collected over more years. This brings down the premiums. Read the rest of this entry »
Term Life Insurance Policies
Most of people in US know that there are two forms of insuring one’s life: term and whole. And as you can guess from the name, whole life policies provide continuous coverage for a person’s entire life, while term policies cover only for a specified period of time.
Today, term policies are the most widespread form of life coverage due to their simplicity, clearness and relative cheapness. And the fact that you can purchase multiple policies and tailor them according to your current insurance needs makes term insurance the best option for meeting short-term goals. For example, you have to pay off a mortgage after some time or make sure your kids go to college when it’s time. And term insurance policies can give you the required financing after the term expires. Read the rest of this entry »