Term Life Insurance

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Term Insurance Vs Permanent Insurance

Get a quote - http://yourlifeinsurance411.com   When you are shopping for life insurance, a lot of people are not aware of some very simple differences between term insurance vs. permanent insurance.
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Term Insurance Vs Permanent Insurance 

What is term life insurance ~~ None of us are getting out of here alive.

 What is term life insurance

                                                  None of us are getting out of here alive.

            Do you have a plan?  What is your plan?  Click here  Because you care.

 What is term life insurance

Term Life Insurance for Christmas

All I Want For Christmas is…Life Insurance??     

Term Life Insurance for Christmas

I doubt it’s on anyone’s Christmas list this year, but life insurance could make a great gift for your loved ones. Sure, it’s not as exciting as the latest video game system or I-phone, but in many ways life insurance is one of the most loving gifts you can give your loved ones.

“Life insurance isn’t glamorous, it’s just needed” says Julie Halgren, director of protection products for Thrivent Financial for Lutherans. “Not only can it assist families in paying for final expenses, but with the right amount it can pay off debt from credit cards, car loans or even one’s mortgage.”

“Equally important, it can replace lost income and fund long-term goals like retirement or the children’s college education. People often under-estimate the extent to which a premature death affects a family’s income and assets.”

As a parent, the idea of life insurance is pretty simple. Set up a policy for yourself and name your spouse or children as your beneficiary and they receive the death benefit in the event of your death.

None of us are getting out of here alive.  What a great present then Term Life Insurance for Christmas

Unfortunately, according to an article in the USA Today, “The percentage of U.S. households with life insurance coverage is at its lowest in 50 years, leaving millions of families without a safety net.” LIMRA, a life insurance and financial services trade association recently found that about 70 million American adults have no life insurance coverage at all and many who do have life insurance have less than is recommended.  It's time to get Term Life Insurance for Christmas

The amount of life insurance you need depends on many factors. Yourinsurance411.com can assist you in addressing “how much” and “what kind” of insurance is appropriate for your needs.

A good start is a term life insurance plan. They are simple to understand and by far the most affordable. Click here to shop and compare life insurance quotes to find the one that best matches your needs.

Term Life Insurance for Christmas

TOP 10 REASONS TO BUY TERM LIFE INSURANCE

TOP 10 REASONS TO BUY TERM LIFE INSURANCE

TOP 10 REASONS TO BUY TERM LIFE INSURANCE
1.    To replace your income

2.    To provide funds for your family’s future living expenses

3.    To pay off your mortgage

4.    To pay for college tuition for your kids or other family members

5.    To pay off outstanding debt

6.    To provide for your spouse’s retirement

7.    To provide additional coverage when adding family members

8.    To provide funds to continue a business or assist with tax planning

9.    To provide for your burial, funeral and final expenses

10.  To leave money to your favorite charity or charities

To summarize, life insurance is the very foundation of a well thought out financial plan. Those who purchase life insurance are planners and forward thinkers. 

They sleep well at night with an assurance and peace of mind that only this coverage can provide. Your professional insurance agent, Mike Sheehan, will shop all the highly rated carriers and come up with an affordable protection plan for you, your family and loved ones.

To explore your options - click here - Because you care

TOP 10 REASONS TO BUY TERM LIFE INSURANCE

Combatting consumers' life insurance apathy

Combatting consumers' life insurance apathy

Consumers are focused on other financial priorities

According to the nonprofit LIFE Foundation and LIMRA’s 2012 Insurance Barometer Study, nearly a third of all consumers believe they need more life insurance.

The top reason uninsured or under-insured consumers cite for not obtaining more life insurance is that they have “other financial priorities.” That was mentioned as a factor by 85 percent of survey respondents.

The study found consumers are more concerned with paying their mortgage or rent (31 percent say they are extremely or very concerned) or losing money on investments (26 percent) than they are with issues that speak to the need for life insurance. Having enough money for a comfortable retirement continues to be consumers’ top financial concern (50 percent say they are extremely or very concerned).

It is reasonable to consider that the recession has forced many people to put things like securing life insurance on the back burner as they attend to what they perceive as more immediate needs, whether it be it covering basic living expenses, trying to squirrel away more money for retirement or contributing to their children’s college funds. But many middle-income consumers who could afford coverage would rather buy something tangible, like a new flat screen TV or the newest Apple gadget, than put that disposable income toward life insurance.

Life insurance is not top of mind - Combatting consumers' life insurance apathy

The life insurance industry realizes people are not being educated about why they need life insurance and why owning it needs to be higher on their priority list. But how to go about correcting the problem is another matter.

“People are aware of life insurance. If their financial advisor recommends it, they are inclined to buy it, but it’s probably not top of mind for most people.”

Raising awareness is only part of the issue. The industry also needs to dispel misconceptions and perhaps even fundamentally change the way it approaches consumers.

People don’t understand life insurance - Combatting consumers' life insurance apathy

Most life insurance policy owners neither read nor fully understand their policies, and they have little interest in voluntarily acquiring additional information. Getting people who don’t own life insurance to understand what they’re being asked to buy is another big challenge.

People who know they need life insurance coverage usually don’t know how much coverage they need, and tend to seriously overestimate how much it would cost. The 2012 Insurance Barometer Study revealed that consumers believe life insurance costs nearly three times the actual price, which undoubtedly deters them from getting the coverage they admit they need. Beyond “other financial priorities,” the second most common reason survey respondents mentioned for not obtaining more coverage is that life insurance is “too expensive.”  Combatting consumers' life insurance apathy

Survey respondents were asked to estimate the annual cost of a 20-year, $250,000, level-term life policy for a healthy 30 year old consumer. The actual cost is roughly $150, but Americans estimate the cost at $400. Younger adults, who are most likely to qualify for preferred pricing, overestimate the cost by nearly seven times the actual cost.

The fact is, the cost for basic term life insurance has fallen by about 50 percent over the past 10 years and has never been more affordable. Owning life insurance is fundamental to a family’s financial security. Combatting consumers' life insurance apathy

What is your plan?  Do you have a plan?  Click here to find out your options.

Contributing to post - Brian Anderson

Buy term life insurance online ~~ Hear Melissa's story

Buy term life insurance online

Hear Melissa's story.....

Term life insurance provides a cost-effective solution to your temporary life insurance needs and gives you the flexibility to change your policy should your temporary needs turn into permanent goals.

Term life insurance is right for you if you want an affordable way to get maximum coverage. It is very effective in covering specific financial responsibilities like a mortgage or college expenses. Term life insurance can also be an excellent supplement to your permanent life insurance during periods when coverage needs are higher, such as family-growing, mortgage-paying years.

Term life insurance is exactly as the name implies – a life insurance policy that provides death protection for a stated time period, or term. Term life can be constructed for varying lengths ranging typically from 10 years to 30 years. One of the reasons term life is so popular is that it can be purchased in large amounts for a relatively small premium.

Term life is different from traditional whole life insurance in several ways. These features of term life make it attractive to those with shorter-range life insurance goals to consider. Here are a few characteristics of term life that you should know before buying:

• Guaranteed level term premiums that can remain the same over the duration of the term. This assists with budgeting.
• Convertibility. Policies can be convertible from term to permanent policy up to age 75 (or higher) in most states.
• Renewability. The policyholder can continue coverage (without proof of good health) past the original coverage period of the policy with a premium increase.
• Accelerated Death Benefits. you can purchase a rider that allows you to collect a portion of your benefits while still alive if you are diagnosed with a terminal illness.
• Disability Waiver of Premium. This rider waives premiums when you suffer a disability lasting six months or longer.
• Accidental Death Benefits. You can purchase a rider that doubles or triples your benefit in the case of death by accidental means–so your benefit can increase when you are younger and more likely to die in an accident than from illness.

Term life is a shorter-term solution that can be terminated when the need for it is over and can be increased when the need for it is greater.

Buy term life insurance online 

Typically, term life insurance is purchased when lifestyle changes prompt clients to consider purchasing term life insurance:

• Making Significant Purchases. Buying a new home, new vehicle, or other “major” purchases that would leave your heirs in a bind should you pass away. These purchases should prompt a review of your insurance situation.
• Extra Protection for child-rearing years. Adding coverage is appropriate for parents on a tight budget who require solid protection for their children.
• Covering College Tuition. With the cost of four years of college at 30,000 or more, term life can ensure that your children can attend and finish school.

What is your plan?  Do you have a plan?  To start - CLICK HERE - Because you care

Buy term life insurance online

Parents Underestimated Value of Life Insurance

Parents Underestimated Value of Life Insurance

While it might seem reasonable to assume that becoming a parent would be enough to trigger a person’s interest in life insurance, a recent MetLife study finds that this is not always the case. In fact, the study finds that most individuals consider life insurance when they get married, but do not reconsider it, or purchase it in greater amounts, when they become parents. As a result, many parents either do not have life insurance, or they have it in inadequate amounts. This study is analyzed in a recent U.S. News & World Report.

Different families have different needs, different aspirations, and different financial situations, so there is no one-size-fits-all life insurance solution.  However, all parents are alike in their passion for protecting their families, especially the children, and for ensuring that they leave behind a rich legacy. For that reason, considering the benefits offered by life insurance is something all families should make time for.

The U.S. News & World Report story makes a similar argument. In fact, the article says that thinking about life insurance belongs on any new parent’s to-do list, alongside nursery preparation and “stocking up on diapers.”

The article also makes note of the many reasons why parents often neglect to properly consider life insurance. Sometimes it is due to perceived financial strain, and in other instances it stems from inconvenience, as a life insurance policy typically requires a brief physical check-up. Also common, the article says, is a simple desire to avoid thinking about something as harrowing as an untimely demise.

Despite these causes,  life insurance offers too many potential benefits to ignore it completely.  Life insurance offers protection and peace of mind, and preparation for events that are otherwise unthinkable. “Yourinsurance411  agrees that parents should make life insurance an item on their to-do list.”  CLICK HERE - TERM INSURANCE for more information

Parents Underestimated Value of Life Insurance

What is the difference between term and whole life insurance

What is the difference between term and whole life insurance

Term vs. Permanent


This is on the differences between term and permanent life insurance.

Term Life Insurance

Let’s define term life insurance.   Term life Insurance covers the policy holder for a specific period of time. This period of time is what is referred to as the term. The policy holder’s beneficiary only receives a death benefit if the policy holder dies within the term.

Term life insurance is popular because it offers lower premiums. It is temporary, but it is often purchased by people who only need coverage for a specified time. For instance, it is often bought to cover the time until children reach adulthood, or the time it takes to pay off a mortgage.

What is the difference between term and whole life insurance

Permanent Life Insurance

Let’s define permanent life insurance. Permanent life insurance, for example whole life, offers lifelong protection. As long as the premiums are paid, the policy holder will not lose coverage. Permanent life insurance usually has higher premiums compared to term life insurance.

Permanent life insurance policies are also designed to accumulate a guaranteed cash value over time and often include investment options depending on the type of policy selected.

What is the difference between term and whole life insurance  Which Type of Life Insurance Is Better?

Actually, one type of life insurance is not considered “better” than another. Both permanent and term insurances have benefits and drawbacks. Which life insurance you choose, depends on your particular circumstances. When you buy life insurance, talk to an expert to help make your decision easier.

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What is the difference between term and whole life insurance