Author Archives: Melanie

A Checklist for Buying Life Insurance

Life insurance can be an effective tool to make certain and protect your family’s financial future. It has been acknowledged universally as a method by which the breadwinner can substitute risk and uncertainty with timely aid for the family in case of their unfortunate death. Since a life insurance policy will replace your lost income after your death, it is important to choose the right kind of policy. Hence, it is essential to find a company that will cover your insurance with the right amount, and at […]

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5 Tips For Cheaper Life Insurance Premiums

1. Consider an income policy instead of a lump sum Most people know that life cover pays out a lump sum if you die. But far less know that you can buy cover that pays a regular tax free income instead of a lump sum. It’s official name is Family Income Benefit and is often cheaper than the more common Level Term lump sum payout option. So why would an income be better than a lump sum? Many people who take out a life insurance policy simply […]

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Do You Need A Life Insurance Policy?

One question that’s asked by nearly everyone eventually is “should I get a life insurance policy?”. Life insurance pays out a benefit when the person insured dies during the time that the policy is in force. It can provide the cash needed to pay for burial, pay off mortgages and loans and give your family a financial cushion while they get back on their feet. When you’re young or have little discretionary income, it’s easy to tell yourself that life insurance is just for the well-off, but […]

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Life Insurance – How Much Do You Need?

Insurance is the means that an individual or a family can use in order to help them prepare against the emergencies of life. Life insurance is the form of this preparation that helps in the worst emergency the death of a loved one. This could be for anyone in the family, or for the main breadwinner. Because so many things can happen to people, mostly unexpected, we want to be ready in the event that it does happen – but hope, too, that it never does. This […]

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Overview And History Of Life Insurance

Life insurance is a subject that brings on many different opinions. While some believe it is a waste of money or even considered gambling, most people understand that life insurance is primarily used to ensure that your family or beneficiary is well taken care of upon your death. Life insurance also ensures that your family will be able to take care of your burial and funeral expenses. While there are many different types of policies as far as life insurance is concerned, term life insurance is considered […]

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Understanding The Different Types Of Life Insurance

There are may companies providing life insurance services; you can get most of the information you need from insurance brokers, financial advisers who work for insurance companies, employees of insurance companies, and other sources. Much of the information you receive, however, will be in general terms or will focus more on sales talk aimed at getting you to purchase life insurance from the person you are talking to. The truth is that there are many different types of life insurance available not just the cradle to grave […]

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Why Is Life Insurance Important?

There are many things in life that the average household can live without, but life insurance should not be one of those things. The importance of life insurance increases as the number of people in a household increases. A single person with few, if any, close relations can get by on a very little life insurance or perhaps no insurance at all. The same cannot be said for persons who have family members or other types of responsibilities. Life insurance is a way to protect your family […]

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What Is Whole Life Insurance?

As you know there are several types of life insurance, and one of those types is called whole life. Whole life insurance is a life insurance policy that pays a lump sum on death. In some cases, it may also pay if a diagnosis of a critical illness is detected in the policyholder. Whole life policies can vary a great deal when it comes to the way they are paid out. In some policies, the payout can be a fixed sum of money that has been decided […]

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