You usually start your career and maybe even a family in your 20s. That’s typically not the time to think about mortality -- particularly life insurance. However, buying life insurance is a vital part of a financial plan, no matter your age. There’s not a better time to get coverage than in your 20s and 30s. Buying life insurance when you’re young gives you more affordable options than in your 40s and 50s. Here’s why -- life insurance companies base rates on age and health. That means if you’re healthier and younger, you pay lower premiums for better death benefits. Matt Schmidt, CEO of Diabetes Life Solutions, said people often don’t realize that buying...
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Tips for Buying Life Insurance As in many other professions there is a lot of misinformation being bandied around about life insurance that, if listened to, can make a rather simple decision very complex. Life insurance is basically a very simple subject, a very important subject but also quite simple. You may hear people say they don’t want to talk about it because it is based around your dying before any proceeds are paid out. What rubbish! There is nothing more honourable than to care about the family you love by making provisions so that if you should be taken from them, they could go on living the life you want them to live, even though you can not be there with them personally...
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Buying life insurance can be super confusing sometimes especially if you’re not familiar with financial lingo. There are a few things you should know that will help make your buying decision much easier and simpler. 1.) Understand What You’re Buying There are plenty of different types of life insurance products, from term to whole life and universal life. What determines the differences in these is the time length you will be covered for, cost and any type of investment money making you might get with the life insurance policy. Term – being the cheapest type of life insurance available only lasts for a certain number of years, typically 10, 20 and 30 year term life...
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Can I Buy Life Insurance for Myself? Yes, you can buy life insurance on yourself. This is the most common way life insurance is purchased. But, you don’t actually buy the coverage for yourself, you are the insured person, but the coverage provides a death benefit for someone else, for example, your spouse or child. In order to purchase life insurance on someone you must have an insurable interest in that person. You always have an insurable interest in yourself, and can therefore buy life insurance on your own life. What is Insurable Interest? Insurable Interest: Each individual has an unlimited insurable interest in his or her own life, and therefore can select anyone as a...
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Michael Quinn and How to Easily Buy Life Insurance Online Today, we are glad to introduce you to Michael Quinn – the owner of LifeInsuranceBlog.Net. Without further ado, let us see his experience with the web development field and the use of WordPress for his project. The Interview with Michael Quinn FastComet: Please introduce yourself to our readers and tell us more about your line of work. Michael Quinn: Hi, my name is Michael Quinn and I’m the owner of LifeInsuranceBlog.Net. I reside in Orlando, Florida, but my website provides online life insurance solutions nationwide. I made my website for today’s consumer who wants to conveniently purchase life insurance online and...
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Life insurance companies make billions of euro every year. Your friends don’t make billions every year. Life insurance companies are not your friends. Well, maybe your friends are Elon Musk and Bill Gates and they do make billions of euro a year. It doesn’t change the point I’m making though: insurers don’t care about your best interests. Here’s the thing: insurance, in lots of ways, is kind of a tough one. It’s necessary – of course it is – but it doesn’t exactly make you feel great. You’re giving a very rich corporation your hard-earned money so that your family can be financially stable if you die. You’re basically betting on your own death. But, it’s still a necessity. It’s especially a...
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I’ve been thinking a lot about life insurance lately. I don’t have a death wish or anything, but I think life insurance is a neglected area of personal finance which requires some Squawkfox attention. Without a proper or adequate life insurance policy, you can leave your dependents in financial disarray if you happen to make an early departure. Life insurance is a funny animal. This is a product which is more often sold than bought. Basically, the insurance industry is based on hefty commissions and perks which renders the policy peddlers biased towards their pocketbooks. This industry is a complex, weird, and wacky business. There are writers, underwriters, sales forces,...
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How to Buy Term Life Insurance Online For those in the life insurance market looking to buy term life insurance online, the process can be easy and familiar, but it entails more than just the clicking of a mouse. Possessing a strong understanding of term life insurance and how it works, what companies provide it and under what conditions, and what a person’s individual life insurance needs are will be essential to buying a suitable policy. What is Term Life Insurance To buy term life insurance online, begin with a search engine look at the different variations of term life policies. All of the sub types of term life insurance fall under the general definition of a term life plan....
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The medical examination is often the most invasive part of a life insurance application. A urine test, a blood check, and several questions about your health and lifestyle help the insurance company’s underwriters confirm the information you provide during your phone interview. However, if you’re a trypanophobic like me, it’s never fun being stuck with a needle – even in your own home. For most life insurance applications, the medical exam is mandatory. But at Quotacy, we’re always looking for ways to make applying for life insurance as simple as possible, and luckily, several of our carriers offer the ability for certain price ranges and age groups to bypass the exam process in...
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Buying insurance online has become extremely popular in the recent past for a host of reasons - convenience, lower costs, no agents, etc. It is also a lot quicker, simpler, less cumbersome, and involves lesser paperwork compared to the conventional method of insurance purchase. All you need is basic internet familiarity and an internet connection and you can purchase a suitable life insurance policy in no time. But there are certain things to bear in mind while buying life insurance online. Therefore, be careful in order to avoid making mistakes while buying life insurance online. The policy’s cost (premium) and the insurance company’s claim settlement ratio are the two main factors on...
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