Term life insurance is a good choice for people who want the most affordable life insurance coverage for a specific concern, such as cover for their working years or the length of a mortgage. Ordinary term insurance policies have terms of 10, 20, and 30 years, but is a 30-year term the longest that you can get? In this article, we will discuss the various life insurance terms, including which ones cover the most years and whether or not the longest term is always the best option. What Is Term Life Insurance? Term life insurance policies are contracts between policyholders and insurance companies that financially cover people in the event of their death. The policyholder pays the insurer a...
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You need to enable JavaScript to run this app. If you’re like most people, life insurance is one those grown-up to-do’s that never quite makes it to the top of your list. You assume that because it’s so important, it must also be complicated, time consuming, and expensive. Au contraire, friend! There is a simple and surprisingly affordable solution to help protect the financial future of the people you love: term life insurance. What Is Term Life Insurance? First, let’s zoom out. You know what life insurance is — it’s essentially a contract between an insurance company and a policyholder (that’s you!) that says if you were to pass away, the insurance company will pay out an agreed-upon...
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When it comes to life insurance, there are a lot of different options to choose from. One of the most popular choices is 30-year term life insurance. This type of policy provides coverage for a fixed period of time (in this case, 30 years), and then expires. It is important to understand what this type of policy covers and what it doesn’t before you decide if it is the right choice for you. In this guide, we will discuss the basics of 30-year term life insurance policies and help you decide if they are the right fit for your needs. What is a 30-year term life policy? A 30-year term life insurance policy will give you a lot of coverage for a long time. You don’t have to worry...
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DULUTH, Ga.--( BUSINESS WIRE )--Primerica, Inc. (NYSE:PRI), a leading provider of financial services to families in North America, is hosting over 500 of its top Regional Vice Presidents from across the U.S. and Canada to kick off the new year in Dallas on January 6-7, 2020. The event will launch Primerica’s next decade of helping people become properly protected and financially secure, and it will provide education and training opportunities for the sales leaders in attendance. “As we enter 2020, the need for what Primerica does for families has never been greater, and we are more committed than ever to helping them achieve their financial goals,” said Glenn Williams, Primerica CEO. “We...
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When taking care of your health, it pays to be prepared Singapore declared “war” on diabetes in 2016 because of the high number of cases here and leading a healthier lifestyle is our best defence in winning it. The Republic has the second-highest incidence of the disease among developed nations, after the United States. Diabetes is also the 10th leading cause of death in Singapore. About 400,000 people in Singapore are diabetic and one in three has a risk of developing the disease. And if nothing is done, the number of diabetics under age 70 is expected to rise to one million by 2050. Some factors that contribute to the risk of getting diabetes include obesity, hypertension and high...
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Beginning of the year is the best time to analyse your financial goals. While you review your progress, financial security of your family should get the highest priority. Achieving life goals is a long-term process and may often stretch until your retirement. But, what if you are no longer around? How will your loved ones survive and pursue their life dreams? So, you cannot take a chance with the financial security of your family. That said, buying term insurance should be the first resolution that you must take and execute as you do your financial planning. It will make sure that your family is financially secure even after you are gone. Term plans are the cheapest insurance plans. A...
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Advertisements for funeral insurance are popping up everywhere, but is up to $30,000 enough and would people be better off saving for this inevitable cost? Facebook ads for funeral cover promote "cover in minutes" with "no health questions," typically with the catch that, initially, only death by accident is covered. Survey results reveal financial burden funeral have on Kiwis Over half of Kiwis don't have a will - research How can we better protect ourselves when it comes to insurance? In theory, 50-year-olds who are willing to take a punt that they'll live to at least the national average and able to set aside $15 per week can bank on better value through their savings. But as...
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This post was contributed by a community member. The views expressed here are the author's own. Life insurance, financial planning and Catholic values Richard Wesselt of Wesselt Capital Group discusses how his values and upbringing influence his approach to financial planning. Updated Aug 30, 2019 2:05 pm ET When I say I went to Catholic school, I know what people think: Scratchy uniforms. Severe nuns. Weekly confession followed by ten Hail Marys. Sure, I experienced some of the idiosyncrasies of a Catholic education, but my experience at Bishop Kenrick High School in Norristown opened doors for me and shaped my values. I carry those values into my work as a comprehensive financial...
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After You I HAD AN AUNT who did everything for her husband. She paid the bills, invested their money and oversaw the family budget, plus she did all the household chores. They both liked this arrangement. It worked for them. But as they grew older, people were concerned about what would happen to Uncle Bob if he outlived my aunt. He depended on her for everything. How could he take care of himself? My uncle could not operate a washing machine, let alone manage his own finances. Friends had visions of him sitting in his house with no electricity or gas to power his lights and appliances, because he didn’t know enough to pay the utility bills. As it turns out, this never came to pass: My...
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LIC's Tech-Term plan is a non-linked, without profit, pure protection 'Online Term Assurance Policy' which provides financial protection to the insured's family in case of his or her unfortunate demise within the chosen term. LIC Tech-Term Plan: The Life Insurance Corporation of India (LIC), India’s only government-owned life insurance company has launched a new term insurance plan which will be available only online. The new term plan of LIC is titled ‘LIC Tech Term’ plan denoted by LIC Table 854. LIC’s Tech-Term plan is a non-linked, without profit, pure protection ‘Online Term Assurance Policy’ which provides financial protection to...
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