Term life insurance myths

Posted by Lola Benny at September 14, 2010
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Skeptical about buying term life insurance because you don’t what’s true and what’s not? Here are a few common term life insurance myths debunked.

  • Only young and healthy people can get coverage – False. Young and healthy people generally pay less for life insurance, but that doesn’t mean they’re only ones who can get it. In fact, many life insurance companies have flexible underwriting guidelines to accommodate those in less than adequate health. And even though rates are cheaper for the young and healthy crowd, term life insurance rate are near record lows – making is possible for almost anyone to find affordable coverage.
  • All life insurance policies are created equal – False. All life insura

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Post Tags: Insurance Myths Life Insurance Life Insurance Myths Myths

Permanent Life Insurance Owners Feeling More Satisfied

Posted by Sara Steel at September 12, 2010
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Would you feel more satisfied with a decision to go with Permanent Life Insurance, such as a Whole Life policy, compared to the more widespread Term Life coverage?

A recent poll asked a cross-section of Americans that very question. The results?  A 5-point difference in the findings was shown between those who feel “extremely” or “very” comfortable with their permanent life insurance coverage (49 percent) and those who feel the same way about their term life insurance coverage (44 percent).  Consumer

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Post Tags: Life Insurance Permanent Life Permanent Life Insurance Satisfied

Decreasing Term Life Insurance – Decreasing Term Insurance

Posted by Lola Benny at September 12, 2010
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Most life insurance policies maintain a level death benefit. Decreasing term life insurance is different and for a good reason. This policy was created to pay off the mortgage on a home upon the death of the homeowner.

Let us, for example look at a recently purchased home with a 20 year mortgage. It would be wise for the homeowner to buy a decreasing term policy, also known as a mortgage protection life insurance policy.

When you buy a home and finance your purchase through a bank or a mortgage company the larger portion of your first few payments go to interest.

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Post Tags: Decreasing Term Insurance Life Insurance Term Life Insurance

Whole Life Insurance Quotes – What Whole Life Insurance Quotes Should Show

Posted by Admin at September 09, 2010
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I look forward to the day when whole life insurance quotes are more complete. There is quite a bit that is not being shown. Sure there are carriers who give you quotes online but all you get are premium comparisons. In order to truly judge the value of a whole life policy you need much more information. The fact is you need to know a little about the non-forfeiture values. What will happen if you keep your policy for 10 or 20 years? What will happen if you get to a point when you cant pay anymore premiums? Can you get a policy loan, how does that work. Let us look at the things a life insurance agent goes over when he gives you a quote. Full Article…

Post Tags: Insurance Quotes Life Insurance Life Insurance Quotes Show

Term Insurance Quote – Compare Low Cost Term Insurance

Posted by Lola Benny at September 05, 2010
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Term insurance quote. It is so very vital to compare premiums when buying life insurance. You need to see the differences in premiums, you need low cost term policies.

There are also differences depending on the plan you choose. The shorter the duration of the policy the lower the cost. You should examine different quotes to see the differences.

Let us see how each policy is used:

  • 5 And 10 Year Term

Use these policies for short term needs. They are very inexpensive. The face amounts are level for the duration and so are the premiums. If you need life insurance for a short period of time get quotes on these.

  • 10, 15, 20 And 30 Year Term

    • Use these to protect the family in the event of the premature death of the breadwinner.

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    Post Tags: Cost Term Insurance Low Cost Term Term Insurance

    A ‘Real’ New York Housewife battles for life insurance payout

    Posted by Sara Steel at September 04, 2010
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    Compelling legal cases are always a blend of drama, legal theory and personalities and a good one is gearing up in the New York Court of Appeals.

    The case is an intriguing mix of legal issues, a squabble over money–a lot of it; investors; and the family of a prominent attorney Arthur Kramer, whose brother is the playwright Larry Kramer.

    The life insurance controversy

    The issue, which has hit major papers including The Wall Street Journal, centers on the purchase of seven life insurance policies totaling $56.2 million, which in turn was sold to investors.

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    Post Tags: New York York

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