Make Sure Your Life Insurance Is Portable, Convertible, and Affordable Shopping for something as expensive and as important as life insurance can be stressful, especially since it is an intangible commodity. Not only is it stressful, but it can also be confusing, which can lead to mistakes – mistakes that can have costly consequences. In most circumstances, the biggest mistake that people make is not truly understanding their policy. While there are many important factors that policyholders should be aware of, the most important are portability, convertibility, and affordability. Portability In the insurance world, when you talk about portability that means that you’re able to...
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Life insurance is an important type of coverage that many people would benefit from. It provides you with essential benefits that can cover funeral costs, supplementation of lost wages and more. This monetary support may be essential for your loved ones’ financial well-being after your passing. However, there is a general perception or assumption that this type of coverage is too expensive for the average person. You may not think that you can afford to make the monthly premium payment, or you may believe that the premium would be too high. Some people think that it would be better to simply save the money in an interest-bearing account on their own rather than to pay a premium. However,...
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NEWS & ARTICLES INSURANCE GUIDE Life insurance is important – it will cover funeral expenses and support your dependents in the event of your death. Many people don’t think they need life insurance, but it’s always important to have, because you never know what’s going to happen, and you don’t want to leave your dependents without the support that they need. A common reason people avoid buying life insurance is because they think it won’t fit into their budget. However, life insurance is actually more affordable than most people think it is – you just have to find the right plan for your needs. Here’s everything you need to know about buying life insurance on a budget....
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For seniors, finding a life insurance plan that benefits us and covers our needs is a tricky task, especially when taken into account the sheer volume of banks, life insurance providers, and advisors offering “the best prices in the market.” However, choosing a life insurance policy is one of the most important investments you’ll ever make, not only for you but also for your loved ones. It is actually a very stable and safe way to save your relatives from going through hard times because of an unexpected event. As well as life insurance coverage, there are many factors to consider when looking for a life insurance quote as a senior citizen, such as potential long-term care insurance, death...
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How To Get Affordable Life Insurance (Even If You’re A Bootneck) Getting affordable life insurance, even if you’re a Royal Marine, is not as difficult as you might expect. In this article I share a case study – a genuine Bootneck who contacted me to discuss his finances in the event of the worst happening. While names have been changed to protect his identity, I’m sure that many readers will recognise his story. Just like civvies, Marines are entitled to affordable cover: you just need to know where to look. Affordable Life Insurance For Marines Harold Masking has been in the Royal Marines for 7 years and at the age of 26 has done his Junior Command Course and has been made up to full...
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To ease the cost of life insurance, some clients hold their policy within super, so they can pay for the premiums with pre-tax dollars or with accumulated super. However, there are restrictions on the type of cover that can be held within super. Also, when life insurance is held within super, some product features cannot be taken out. For clients who want to ease their cash flow, but also have comprehensive life insurance cover, they could consider flexible linking or super-linking their insurance cover. Flexi-linking or super-linking allows policies to be split across the superannuation and non-superannuation environments. When insurance is held in a flexi-linked or super-linked policy,...
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Permanent insurance offers the insured more premium stability over a lifetime which can be to age 100 or 120. It also has additional features such as cash value and an opportunity for more favorable estate planning over an extended period of time. Some policies may also provide the insured with an optional long term care rider. Whole Life Insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Universal Life Insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. The savings element, premiums and death benefit can be...
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Affordable Life Insurance Choices Offered by Outlook Life Types of Policies Outlook Life is proud to offer choices in Term Life, Universal Life, Indexed Universal Life, and Whole Life Insurance policies. We carry a variety of products from over 40 carriers to help you get the best prices. Medically Underwritten Policies Medically underwritten policies are those that require a free life insurance exam. The insurance company may also order medical records from your doctor. This type of policy may be required if you are applying for a very large face amount. And many times medically underwritten policies are chosen because they can give you the lowest premium. Outlook Life offers hundreds of...
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While it is a topic that nobody likes to consider, the truth is inescapable, we are all going to die. When that day comes, are you confident that your loved ones will be financial stable? Unfortunately, most people do not have enough life insurance for when the inevitable occurs. Luckily, the agents at Blackmore Benefit Group have all the options necessary to get you the appropriate coverage you need. Whether you are looking for term life, whole life, or final expense, we will find the best fit for you. Term Life One of the most affordable life insurance options is Term Life Insurance. These plans provide a simple, cost-effective way of protecting your loved ones. You choose how long the...
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Help your family cover end-of-life expenses quickly Benefit payout typically occurs a few days after receipt of the death certificate. This helps your family cover costly funeral or cremation costs without having to dip into their savings. Help prevent coverage gaps Your employer-sponsored life insurance policy may not go with you if you switch jobs or retire. So, it may be a good idea to get coverage now before any big career changes or rate increases. Help give you peace of mind You can feel more confident knowing that after you pass, you won't be a burden to your family. Final expense life insurance can help prevent unnecessary financial stress during an emotional time. The example rate...
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