Most people don’t like to think about life insurance, let alone plan for it. In any case, you will eventually have to consider it, so being informed before making a choice is a good idea. Although everyone knows the importance of life insurance, very few people understand how it works. Many of the commonly held beliefs about life insurance are not true.
Read on to learn how three of the most common myths about life insurance gets debunked.
Myth #1: My Employer Provides Life Insurance for Me.
Life insurance is typically covered in an employee […]
We all know that having life insurance is important. Many families buy life insurance for the man but not the woman, especially if she is a homemaker. This can be a huge financial mistake that is easily avoided by ensuring both partners. Many women who don’t work forget to consider the value they add to their families. What would happen if she wasn’t there? Thinking about all that she does in a day can be overwhelming.
Women’s Need for Life Insurance
A wife and mother are often the foundation of the family. Even though they […]
Most people think of getting life insurance when things are great – the economy is booming, they have job security, they’re married, or maybe they are expecting a baby. It’s at this point that people start thinking about securing their family’s financial well-being in case the unexpected happens. This means that most people deem life insurance an unnecessary expense during periods of economic turmoil. However, this can be a costly misconception because the life insurance policy is a fantastic way of protecting your loved ones when the economy is booming or floundering. Read on to learn why […]
It’s hard for many people to think about life insurance because it involves their own death. But at some point, if you’ve started a family, you need to think about the well-being of your loved ones in the event you become ill or die.
Here is a list of things that can affect your insurance premium.
Policy Type and Amount
The type of life insurance policy is the biggest factor that affects life insurance premiums. The amount of coverage impacts your premium as well. The two main types are term life and whole life, but […]