We live in a fast-paced world. One where two-day shipping is the norm and waiting five seconds for a website to load feels like forever. We’ve become accustomed to getting what we want quickly and moving on to the next item on our to-do list. So it’s no surprise that many people scoff at the idea of waiting weeks to get a term life insurance policy. And although buying term life insurance online has become relatively easy to do, the hard truth is it still takes time. But what if you don’t have a few weeks to wait? What if you need the policy right now? Fortunately for those who don’t want to or just cannot wait to get coverage, there is a faster option: no medical term life insurance. What...
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If you’re thinking about buying life insurance, make sure you understand your options, the pros and cons. Foguth Financial Group President Michael Foguth joined ABC12 to offer helpful tips about how to buy life insurance. WJRT-TV CH 12 FLINT-SAGINAW ANNOUNCER: Covering Flint, Saginaw and Bay City, this is ABC-12 News Sunday Morning. HOST MARK BULLION: Happening now, preparing to manage for when a loved one is terminally ill can be rather difficult. Happening today, we’ll learn some tips on how to plan financially for a loved one who is maybe diagnosed with a severe illness. This morning we’re joined by Michael Foguth. Thanks so much for joining us this morning, Michael. MICHAEL FOGUTH...
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If you have people in your life who depend on you financially, or who stand to be hurt financially if you were to pass, then there's no question about it: You need life insurance to ensure that your loved ones are covered if the worst were to happen. But just how much life insurance should you buy? There are several factors that need to go into that decision, like your annual salary, the amount of income replacement you're looking for, and the amount you think you'll need for final expenses, including funeral costs. Here, we'll help you determine how large a life insurance policy to buy so you're covered without going overboard. Types of life insurance There are many types of life insurance...
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If you ask me, life insurance is too often sold as a hear people throwing around statements like “Hey, buy this term policy” or “Here, purchase permanent insurance.” Agents are telling you (yes, telling you) to buy a product without actually reviewing your needs. It’s like someone telling you to purchase a minivan without asking whether you have children. In reality, some financial plans need life insurance. When making the decision to purchase life insurance, you should work with someone who accurately identifies if you need life insurance as well as what life insurance is the right choice for you. In a perfect world, all financial advisors would think this way, but we don’t live in a...
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Why You Should Buy Insurance Online Everyday more and more New Zealanders are going online to make purchases, book flights, hotels, watch movies and pay their bills. With access to information online to research a product or service before making a decision. There is also a growing amount of people going online to review and buy life insurance, see our infographic – Research Online – It’s What Smart People Do. What are the advantages of using a comparison website than traditional channels like banks and insurance advisers? For some people it can be small things like not having the hassle of completing long applications or meetings. Most people highlight three factors why they prefer to use...
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Most people buy life insurance when something good happens in their lives, like the purchase of a new home or the birth of a child. These events mean more financial responsibility, and protecting your family with enough life insurance is essential. So what is the best way to go about shopping for life insurance and deciding how much coverage you need? Most people approach the buying process in the same way: “It’s insurance … I will probably never need it … I just need to find the least expensive coverage possible.” It’s OK to look for low cost life insurance, of course, but there are some important things to consider when deciding what policy — term, whole or universal life insurance, to...
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Why & How of Buying Life Insurance Policy Under MWP Act Imagine this scenario: A 45 year-old housewife with two children has just discovered that her husband’s business is not doing very well. He has to take a large loan to keep it afloat. Fortunately, her husband’s insurance policy will mature soon and the proceeds will tide them over. Soon after, the business goes bankrupt and the family is left without a steady source of income. At this point the woman finds that their only hope, the insurancepolicy proceeds, is now the legal property of her husband’s creditors. It is quite easy to save your family from such turmoilby using a legal safeguard that was put in place by the Indian...
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No one likes to think about life insurance, but buying life insurance helps your family if you die. Your survivors could use the life insurance policy's death benefit to pay off debts, cover funeral expenses, pay ongoing bills and meet long-term financial goals like college education for your kids. Some forms of life insurance also include an investment component known as cash value, which can serve as a sort of savings account. These policies can protect an estate or business, provide support for a lifelong dependent, benefit a charity or provide money to heirs no matter when you die. Most people buy life insurance to replace the income they would have provided their families. But life...
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About 35 million U.S. households have no life insurance coverage, according to a study by LIMRA, an industry research group. And more than half of American households say they need more life insurance. But, like many financial products, life insurance policies can be complicated by various terms, riders and stipulations which make the purchase of even a straightforward policy tough. In fact, consumers are so confused about buying life insurance that many postpone a purchase or never buy at all. In the event of a person’s death, a life insurance policy provides their spouse, family or named beneficiaries immediate money for funeral costs and other everyday living expenses. Life insurance is...
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Did you know you can buy up to $500,000 of life insurance in less than 20 minutes ever speaking to an agent? Unlike other companies, Motorist Life offers term life insurance that can be purchased online, without an invasive medical exam or phone interview, in just a few minutes. Keep reading and we’ll tell you everything you need to know about buying life insurance online before you apply. If you decide to apply, just enter your information in the form on top right of page to apply and get a decision in less than twenty minutes. Quick Article Guide: Term Life Insurance without an Interview, Exam, or Agent Who is Motorist Life Insurance Company? Motorist Life Insurance Company is an A...
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