Why Buy Life Insurance?
Love. Yes, that's right. Love for your spouse, children, family, or even your school. This insurance provides financial protection for your family and friends when you die. There are basically two types of life insurance - Term and Permanent.
Term life insurance provides insurance for a specific amount of time. Like, for one year. You can usually renew annually, and this is called "Annual Renewal Term". This works until about age 80. Level Term offers you a level premium for a fixed amount of years. You lock in a rate for 20 years. Then you have to get a new rate or new policy.
Permanent Insurance is also called whole life, universal life, etc. This form of life insurance also has a built in savings plan. You get a death benefit with a cash value savings plan attached. Of course, this plan is more expensive, but allows for some financial latitude.
You may be wondering why you would need insurance and what could you do with the proceeds if your spouse or loved one died. Here are some ideas that would help with the financial loss.
Think about your family and decide what type of life insurance would protect them the best. Let me know if you can think of other helpful information on what to do with life insurance proceeds.
Stuart Simpson
http://www.insurance--review.com
Latest News
![]() WNCT | Insurance rise at coast could help protect plan Forbes, NY - By GARY D. ROBERTSON , 12.03.08, 11:58 AM EST Property owners in 18 coastal counties soon will pay more for insurance premiums through a state-sanctioned ... Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan Insurance rise at coast could help protect plan Coast's risks may sting state |
NIIT Technologies Announces Key Appointments to Insurance and ... MarketWatch - Goutam Kundu, an Insurance industry specialist joins NIIT as Global Practice Head - Insurance Vertical. In this role he will work closely with the sales ... |
Life Insurance Patent Issued for Future System Advisors, LLC MarketWatch - The FSLM is an entirely new form of life insurance that solves many of the problems caused by traditional product chassis, such as UL and VUL RGA Financial ... |
DTRIC Insurance Company in Production With DRC's DecisionMaker for ... MarketWatch - (DRC) today announced that DTRIC Insurance Company is now in production with DRC's DecisionMaker Policy Administration System. ... |
Convergence of Negative Economic Factors to Severely Test US ... MarketWatch - These factors will force insurance carriers to adopt new skills and business discipline in order to survive the economic turmoil, according to new research ... |
CURE Auto Insurance Announces the Launch of a Revolutionary ... MarketWatch - PHILADELPHIA, Dec 02, 2008 (BUSINESS WIRE) -- Representatives of CURE Auto Insurance announced the availability of a revolutionary new alternative in auto ... New car insurer in Pa. denounces ‘unfair’ practices |
Research and Markets: Insurance Technology Spending Forecasts ... MarketWatch - The insurance technology spending forecast model provides a current and comprehensive assessment of revenue opportunities for technology providers across a ... |
FHA Insurance Fund Has Fallen 39 Percent Washington Post, United States - Instead, FHA borrowers pay premiums into an insurance fund to cover defaults and foreclosures. As of Sept. 30, that fund had an estimated $12.9 billion, ... |
Affordable Health Insurance: A Memo to Obama Spero News - If you already have insurance, the only thing that will change under my plan is that we will lower premiums. If you don't have health insurance, ... Insurance Industry Releases Their Plan - Will The Media Question It? Medicare waste Sorting Out Health Cards and Insurance in Canada |
Chaney sees gains for Miss. insurance markets since 2007 SmartBrief, DC - Mississippi Insurance Commissioner Mike Chaney applauds the progress his state has made since 2007 in rebuilding insurance markets devastated by Hurricanes ... Some say "crash taxes" can add insult to injury Fewer workplace deaths seen in Virginia for 2007 Texas Supreme Court to rule on policy exclusion case |
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