For anyone who has purchased life insurance, most would agree that it is one of the most critical financial moves they could make. Yet, many people fail to give their life insurance purchase the meaningful consideration it requires. A life insurance purchase is for life, which means there are no “small” mistakes when purchasing it, only big, costly ones.
Green, clean energy has reached new heights in America. There are more hybrids than ever on the streets (Americans bought their four millionth hybrid car in early 2016), wind turbines out above the cornfields, solar panels on roofs, and even that new convenience store down the street is LEED certified.
Critics of whole life insurance point to the higher premiums these plans require and the inflexibility of the payment schedule.
With credit card interest rates ranging between 11 to 22%, it’s no wonder people are looking for alternative ways to handle and pay off their credit card debt. This is where a personal loan might come into play. Using a personal loan to pay off your credit card debt can help you manage your overall debt once and for all… if you know how to navigate the pitfalls.
For most people the difficult decision is not “if” they need life insurance, but “how much” life coverage they need.
When you buy a life insurance policy, you are essentially transferring your financial risk to a life insurer which then becomes obligated to pay your beneficiaries based on the contracted amount of death benefit purchased. The life insurer is able to assume the risk because, based on its data, it knows when you are expected to die.
Answer this riddle: what’s the one thing that will eventually happen to everyone, but generally, no one wants to discuss? Death is a subject that immediately conjures up all sorts of emotions because, let’s be honest, the absence of being IS emotional. But, death is also cause for practicality.
Few consumer products are the object of a love/hate relationship as life insurance. The thought of buying life insurance is not something that most physicians relish, yet, if it is done right, it can provide the greatest peace-of-mind a person can have. The key is to do it right.