I am a huge fan of term life insurance, and I do not favor whole life insurance or cash value life insurance. For most people, term life insurance is the best option. Very few consumers need permanent life insurance. There are many benefits to term life insurance that make it a great insurance product for people who are looking to protect their income and continue to provide for their families and loved ones in the event of their untimely death. Why You Should Love Term Life Insurance Term Life Insurance Is Cheap The best benefit of … [Read more...] about Top 3 Reasons That I Love Term Life Insurance and You Should Too
Term Life Insurance
Whether you heard it from your insurance agent, an investment specialist or your own mother, you probably know that life insurance is a good thing to have. Despite that being the case, many people still have the question, how does life insurance work? Individuals have a vague understanding that money will be paid if someone dies, but things like whole life insurance policies complicate the matter. Understanding Term Life Insurance Probably the most common type of policy, term life insurance covers a predefined period of time. The policy owner … [Read more...] about Understanding The Basics Of Life Insurance
Is life insurance an asset? Do you consider your life insurance policy to be an asset like your house, cash in your bank account, or the gold bullion bars under your bed? Is life insurance the new asset class? Are our net worth’s about to skyrocket? It is an interesting idea that has been gaining in popularity in the personal finance circles. There are several reasons that you may want to consider your life insurance policy to be an asset. But, there are also plenty of reasons not to think of it in that way. Is Life Insurance An … [Read more...] about Is Life Insurance An Asset Like Your House, Cash, Or Gold?
Insurance is one of those topics that people do not want to discuss. No one really wants to think about when they will die, getting sued, or becoming disabled. But, the people who are hurt the most are our family members when you do not have the proper insurance plans and coverages. Unfortunately, there are many types of insurance that you need to consider owning. Below are some of the most critical ones. Three Types Of Insurance You Need Term Life Insurance I’m a huge fan of term life insurance over whole life insurance. This, in … [Read more...] about