If you’re a woman and you do not yet have life insurance, we’re here to tell you how affordable and important this addition can be to your family’s financial future. Don’t think that just because your spouse has life insurance, or because you’re single and don’t have kids, that life insurance is not for you. Women today can receive some of the most affordable life insurance policies and have arguably the highest need for life insurance coverage. Why Should Women Think of Getting a Life Insurance Policy? Let’s be honest…it’s 2018 and women are working harder than ever to provide for their families. Most women— who make up more than...
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Term life insurance is a simple and affordable way to protect your family. Getty Images/iStockphoto Life insurance can give you peace of mind by providing a financial safety net for your loved ones after you pass away. When you purchase life insurance, you'll have to choose between term life insurance or a permanent (whole) policy. Unlike permanent life insurance, which lasts your entire life, term life insurance lasts for a specific time period, typically from one to 30 years. Term life insurance is the most popular type of life insurance because it's significantly less costly than other options while still covering the financial needs of your beneficiaries once you pass. Understanding how...
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You work hard to provide for your family now and in the future. Although thinking about your family’s lives after you’re gone is difficult, it’s crucial to consider how to help them carry on financially if you were to pass away and your income were to disappear. One way you can plan to help keep loved ones supported is through life insurance. But you need to be sure you have the right amount. Like many educators, you may get some life insurance offered through your district, but you may realize that it doesn’t cover all of your needs. Supplemental life insurance can be a good option to help cover your bases. These five questions about important lifestyle scenarios...
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Please enable JavaScript to use this page If you were suddenly gone, would your partner have enough money to help pay the bills, help pay the mortgage, or help pay for your children’s education? When you’re choosing the amount of term life insurance that you need, think about your family’s needs now, and in the future. Affordable life insurance When you have decided that you want to buy life insurance and you need to figure out how much life insurance you should buy, start by considering these common guidelines¹: Consider starting with 10x your income While you don’t know the future and you can’t foresee every possible expense your family might face in your absence, there are a few ways...
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What type of term insurance should you choose, and how can this sort of cover best protect a family? Here’s what you need to know. ‘Term’ life insurance (or life cover) provides financial protection by paying out a tax-free lump sum to your family if you die within the ‘term’ of the insurance policy concerned. The term refers to how long the policy lasts. This will typically stretch over several years and can be chosen to match your family’s needs and financial circumstances. For example, if you arrange a 25-year mortgage, you might buy term insurance lasting a similar length of time. When a claim is made on the policy, the beneficiaries - in this case your family - are entitled to spend...
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American Family Life Insurance Company Review American Family Life Insurance Company is one of 14 companies that make up American Family Insurance. This customer-focused company is dedicated to helping clients safeguard their dreams, offering policies ranging from pet coverage to life insurance. Learn whether an American Family Life Insurance Company policy is right for you. About the American Family Life Insurance Company American Family Life Insurance Company’s parent organization began its life in 1927 as Farmers Mutual Automobile Insurance Company, selling auto insurance to the Wisconsin farming community. As its base and offerings grew, the company eventually changed its name and is...
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The bond market may be too chaotic for life insurers to have an easy time supporting stand-alone long-term care insurance (LTCI), but many consumers still love the idea of having LTCI coverage. They also like the idea of buying chronic care benefits packaged together with life insurance. About 32% of consumers surveyed said they are thinking about buying insurance that would cover chronic care, or long-term care, and 22% said they believe they already have such coverage. Massachusetts Mutual Life Insurance Company has published new data on consumers’ hunger for mechanisms for paying for long-term care, in a summary of results from a survey of 1,250 adults ages 30 through 60. All of the...
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Ensure You Are Properly Insured There's certainly been plenty of volatility and uncertainty the past few months, but one aspect of your financial picture has probably remained stable: your need for insurance. And since National Insurance Awareness Day is observed on June 28, now is a good time to review your overall insurance coverage to determine if you and your loved ones are well-protected. You might be surprised at the lack of protection among your fellow citizens. Less than 60 percent of Americans have life insurance, and just about half of those with insurance are underinsured, according to LIMRA, a research organization. Of course, you might think the reason so many people don...
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There’s certainly been plenty of volatility and uncertainty the past few months, but one aspect of your financial picture has probably remained stable: your need for insurance. And since National Insurance Awareness Day is observed on June 28, now is a good time to review your overall insurance coverage to determine if you and your loved ones are well-protected. You might be surprised at the lack of protection among your fellow citizens. Less than 60 percent of Americans have life insurance, and just about half of those with insurance are underinsured, according to LIMRA, a research organization. Of course, you might think the reason so many people don’t have insurance is because they don’t...
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Sarah Cecil: Ensure you’re properly insured There’s certainly been plenty of volatility and uncertainty the past few months, but one aspect of your financial picture has probably remained stable: your need for insurance. And since National Insurance Awareness Day is observed on June 28, now is a good time to review your overall insurance coverage to determine if you and your loved ones are well-protected. You might be surprised at the lack of protection among your fellow citizens. Less than 60 percent of Americans have life insurance, and just about half of those with insurance are underinsured, according to LIMRA, a research organization. Of course, you might think the reason so many...
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