Do Work At Home Moms Need Life Insurance?
Do You Need Life Insurance If You Have No Actual Income?
Work At Home Parents And LIfe Insurance
Nobody needs to tell me the value of a work at home mom and wife! However, since these women do not usually generate an actual income, many families do not think the spouse needs life insurance. They figure that the only reason to get covered is to make sure a family can replace actual income. However, they may be missing the true value of the work that mom does, or the security that a policy can provide.
Categories: Life Insurance Tags: Life Insurance, moms, term life, work at home
Best Term Life Insurance Rates (Really!)
Beware of The Best Term Life Insurance Rates!
Beware The Best Term Life Insurance Rates!
That may sound like a severe warning, to ask people to be careful of the best quote they got for a term life insurance policy. But policies and pricing schemes different. What looks like the best rate today may not look so good in 5 years. And yes, we have said before that insurers are different, and you can save money by comparing rates. But just be sure you are – as they say – comparing apples to apples.
Categories: Life Insurance Tags: insurance rates, insurance riders, return of premium, term life
Perm or Term Life Insurance Over 50?
Term Life or Permanent Life Insurance Over 50?
Many people over 50, or even well into retirement years, are considering the purchase of a new life insurance policy. Some people associate life insurance with younger people, but some of us reached middle age with many of the same obligations we had when we were younger. We are just older now, and we find that policies are a little tougher to find and more expensive when we do find them.
So how do we consider the alternatives now, and decide between term vs whole life insurance policies? And why do older people need to purchase a policy anyway?
Categories: Life Insurance Tags: permanent life insurance, term life, universal life, whole life
ROP Pays You Back!
Return of Premium (ROP) Gives Back Money
What if you could purchase an insurance policy, be lucky enough not to ever use it, and then get all of your money back at the end. This would seem like a win-win situation. You would be protected, but if you never needed to make a claim, you could get all of your premiums back in a nice check.
Well, this situation does exist in the real world sometimes. You can find return of premium term life insurance policies. You will still purchase your policy to last for a specified amount of time, like 20 or 30 years. Then, when the policy expires, if nobody has collected on the policy, a check comes back for the amount of all of the premiums paid.
Categories: Life Insurance Tags: Life Insurance, return of premium, rop, term life
