Can I Buy Life Insurance for my Mom? In the following article we will address how to get life insurance on your mother. Typically, when we’re asked the question “can I get life insurance for my mother?” or “I want to get life insurance for my mom” it’s usually because the person calling in is worried about what would happen if their mother were to pass away without life insurance. For example: Who would pay for their burial or cremation? How would her heirs survive “financially” after she was gone? After all, if there isn’t any life insurance in place the question then becomes, “Is there a plan in place to make sure everyone would be taken care of in the event of your...
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Now that we have decided to buy simple, term life insurance, the goal is to “Get ‘R Done!” Term life insurance is a cheap, nearly-commoditized offering that any life insurance firm can offer. But be aware that no life insurance agent makes much money selling you term life. That’s ok, because you know what you want and you won’t be up-sold into something you don’t need. If you have all your other insurance (home-owners, auto, etc.) with a single agent (as you should), check with them first to see if any additional discounts might be offered by adding term life. If not, I would recommend finding an independent agent who can shop around on your behalf – especially if you are buying a sizeable...
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Earlier this year, I did something I should have done years before – I bought another term life insurance policy to add to the coverage we already had. I’ve had life insurance since I was 25 years old, but our needs have changed and I was starting to feel insecure. I was child-free when I purchased our first policy, after all. Now, more than a decade later, I’m 37 with two young kids and a lot more responsibilities. I earn more money now, too, which means I need a larger policy to replace my income. Since I used to work in the mortuary business and my husband was a mortician for more than 10 years, I am well aware of what happens when someone dies uninsured or underinsured. I’ve seen the...
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It is quite easy to understand why people are reluctant to buy life insurance. First of all, in order to buy something, we would often want to know the pros and cons offered by the product, the cost, etc. But insurance is not something exciting to talk about. In fact, it might be easy to clear a room just by starting to talk about why we need insurance. Another reason, albeit an important one, is that we don’t want to think about death and life insurance is naturally connected to death. We do understand that it is important to have life insurance but oftentimes, we postpone it. We just don’t want to think about what happens when we die. The third reason is cost. When there are a million and...
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Top Ten Reasons Why Investment In Life Insurance Is A Good Idea You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As the debate of whether investing in life insurance is a good idea or not continues till date, you can surely come to the conclusion that there are more reasons why you should do it instead of not investing if only you look around a bit. Investing in life insurance can result in being one of the best and most important financial decisions that you can make. We will list out the top ten reasons why you should invest and then you judge for yourself whether investing in it will be a good option or not. Life insurance comes down to the fact that...
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I am 45 years old, would I buy it at 45? You bet I would. Fortunately, I started buying permanent life insurance when I was 25 years old. I bought whole life insurance. I was married and had no children at the time so I bought a $100,000 whole life policy in addition to a $250,000 term policy. After 6 years, my policy had built up some cash value. Life insurance products change all the time. They usually change for the better. The great thing about permanent, cash value life insurance is that you can do a 1035 exchange to a newer and better policy. For sure, I would buy indexed universal life insurance at age 45. Doing a 1035 exchange will allow you to roll your current policy...
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Life settlements and viatical settlement s continue to grow in popularity, as more seniors learn that they can sell their life insurance policy to investors for more money than they’d get by cashing it out. Many people wonder what types of companies or individuals purchase these policies. Active investors in the life settlement arena include banks, pension funds, hedge funds, and insurance companies. As the life settlement industry becomes more robust and awareness about this option grows, life insurance as an investment is a desirable addition to a diverse portfolio. The life settlement industry is well regulated Before a company or group of investors can purchase life insurance...
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Q: I am 21-years-old, studying full-time, working part-time, and I would like to know when is the “right” time to get life insurance and if I really need life insurance this young. I work in the banking services industry and I hear a lot of my customers discussing their insurance details with me and how I should get life insurance. But to be honest, I have no clue if I should get it all and if so, when should I purchase it? A: The main reason for buying life insurance is to protect those who are financially dependent on you in the event you pass away. If you are 21 years old and have no dependents life insurance would not be a necessity. Having said that, there are many...
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Qualifying For Life Insurance With Paralysis Paraplegic Or Quadriplegic Looking for a quote for life insurance or burial insurance? Click here and send me a message with details of what you’re wanting to accomplish. If you’d prefer to talk live, call 888-626-0439 to speak with me directly. In Today’s Article I’m Going To Be Discussing How To Get Life Insurance If You Suffer From Paralysis Paraplegic Or Quadriplegic Paralysis NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the complete presentation on qualifying for life insurance if you suffer from paralysis paraplegic or quadriplegic paralysis. Enjoy! Here’s An...
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Insurance, nowadays, is no longer restricted to the traditional term plans or whole life policies. The opening up of the insurance sector in the last decade, has brought with it companies, offering a variety of choices with a range of plan features. This could be a plain life cover, or a pension plan with regular streams of income, or a money back policy for family commitments. Do you need Life Insurance? If you have loved ones dependent on you financially, the answer is “yes”. A peek into why it is needed is below. -Financial support for your family in case of your unfortunate demise. -An investment tool to save money for your children’s education, marriage or your retirement. -Could prove...
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