August 13, 2017 by admin Leave a Comment

Considering whether or not to buy life insurance

Life goes on

Some people still today have no life insurance, not even any protection through their work. For them if something happens they are not around to worry about the problem anymore, but for those left behind, life continues to go on. However, with maybe an additional financial hardship that was not there before hand. When considering whether or not to buy life insurance, look around your family and consider what would happen to them if the unthinkable happened and you were not there to provide for them.

End of life expenses

It is sad to say that dying is an expensive habit. The average price of a funeral in America is now between $7,000 – $10,000. On top of this there may be state and federal taxes to pay. Money for these will need to be found and with no life insurance policy in effect this will have to come out of your loved ones savings.

Bills need paying

Any outstanding depts including mortgages and car loans still require payment. If the mortgage policy was taken out with no life insurance, then this will continue and will require the normal monthly payment. Non payment may result in foreclosure so this is a very important consideration to have in your mind. Credit card bills and bank loans still remain in effect unless protected with life insurance.

Loss of primary wage earners income

Many people do not consider the impact of the main wage earner on their standard of living if the unthinkable was to happen. Not all families have the luxury of being able to cope if the primary income suddenly stopped. Bills still need paying and groceries have to be bought. 1/3 of all Americans feel hat the loss of the primary wage earner would be felt within 1 month and another 1/3 have no idea.

Impact on childrens education

The college fund(s) is a source of saving for many families. Making sure that sufficient money is set aside each month to provide for a college education. With the loss of 1 income this becomes very difficult to achieve month on month. There is also the temptation to dig into this pot of money if the need arises. It would not be long until these hard earned savings disappear to pay for other things.

What can you do?

The easiest thing to protect your loves ones and to cease worrying about these eventualities is to take out life insurance. Many people are put off by the thought of taking out life insurance. The cost is more reasonable than you would think. Use a comparison site to obtain some quotes, and compare the prices to see how much you could save. Obtain at least three quotes to ensure that you are comparing prices from a number of different insurers.

August 6, 2017 by admin Leave a Comment

4 methods to save yourself money on Life Insurance

Is it possible to save money on life insurance?

In short, yes you can and potentially save yourself thousands over the life time of the policy. How is this possible you may be thinking. Below we have listed 4 methods to save yourself money on life insurance. These methods can be used by anyone anywhere in the United States to save your hard earned money. Why pay extra when you can save?

1 – Shop around

If you are buying a new auto, a new kitchen or new furniture you would shop around. Why not do this with your Life Insurance policy? You shop around for Auto Insurance and Homeowners insurance (if not you should!) why not the same for Life Insurance? Use a price comparison site to compare quotes from different insurers based on your location. Do not obtain just one quote, get at least three to ensure you can see the savings you can make.

2. Pay the premium annually

Insurers offer discounts on the policy if you pay the premium on an annual basis. This is because it removes an additional layer of administration (collecting the premiums each month). Check with the insurer what the annual payment saving would be and make an informed decision on the savings to be made. Remember that the annual payment will be set up to come out of your bank, so make sure you have the funds available to pay the premium on the due date.

3. Take a medical

Many insurance policies there days are written on the basis that the proposed insurer answers some simple medical questions and is provided the cover without the need for a medical exam. This actually suits a lot of people. However, if you are in good health then undertaking a medical can substantially reduce your premiums.

4. Understand the types of insurance on offer

There are fundamentally two different types of life insurance being offered. Term Life Insurance, which as the name suggests provides life insurance for a specified period of time or permanent insurance. These permanent policies provide life insurance for the lifetime of the insurer (providing the premiums are being paid) and can provide an investment element, providing a value to the policy that can be accessed later in life. Because of these the costs of these types of insurance can be very expensive. You can access comparison sites that provide you the costs of permanent life insurance in order that you can compare the costs and make the decision that is best for your circumstances.

Taking out Life insurance provides security to your loves ones and it is important that you can take out what you require at the most competitive price available. Each dollar you save on the monthly insurance premium is a saving you will make each month over the lifetime of the policy. It therefore pays to shop around and find the best deal available to you.

July 31, 2017 by admin Leave a Comment

How to protect your loved ones

Where does the time go?

Here we are at the end of July, another year passing by so quickly, where does the time go? What has happened to all those ideas and things that were going to be done this year? Have you set aside some time to see where you are against those goals you set yourself at the start of year? Sadly for most people they don’t achieve those things we set out to do at the start of the year. Lots of people start the new year thinking about the year ahead and things they would like to change. Be it spending more time at home with the family, helping out relations and for some thinking about how to protect your loved ones in the event of the unthinkable happening.

Take the time now to look at your goals

It doesn’t take long to sit down and revist those goals you set yourself at the start of the year. If you didn’t set any, then why not set down some now and see how you you can achieve them. Just a little step in the right direction can make the difference to your life or to the of your loved ones. The time you have is limited and it is a shame to waste it on things that you may regret one day.

Time cannot be wound back

Once the time has gone it cannot be brought back. Many people wish they had changed something or done something different in their lives. Be it spending more time with their children or parents, or learning a new skill to help with their career. The list is endless. What about Life Insurance? Is this something you may wish you had taken out when confronted with the passing of a friend or family member? It is never too late to take out life insurance. Compare some prices and see how affordable life insurance can be.

Don’t look back and regret decisions

Life is for living and enjoying and sadly it ends for us all. Don’t look back at a later date and regret things that you did or didn’t do. Look at your plans for the future, for your family and make the most of every day. Ensure your family is protected in the event of the unthinkable happening and don’t regret not providing for them.