5 Reasons Why You Should Get Affordable Life Insurance

by helpyouguys » Mon Jul 19, 2010 03:49 pm

Ever think to yourself that maybe you should get affordable life insurance, but haven't actually yet jumped on that thought and made it happen? A lot of people have considered doing the same. Some have actually tried it. Most others have gotten bogged down with the negatives somewhere and never started.

Hmm. Are they really valid reasons? Did they really consider the positive side? Did we look at the "pro" side or simply the "con" side? Before we let the negatives rule, the positives deserve a reasonable hearing. Let's look at 5 reasons for you to get affordable life insurance sorted out right now, and stop delaying any longer, or procrastinating when actually getting the situation satisfactorily resolved is much easier then you might think.

Lets take a look at those reasons in turn...

1. First, you will be doing your best for your family in an extremely tangible manner, and will no longer be faced with the thought of what will happen to them if you aren't about to take care of them. Sure, I am aware of your objection that you will have to spend out money on this, that times are tough, budgets are tough, and that this is an expense that you could well do without. Yes, this is a valid observation, but look at it this way, If you don't get this sorted out then you will be faced with the prospect of having your family go uncovered and not being able to pay the bills. Not a nice thought. In addition, consider that it is actually much cheaper then you might realise to get this sorted out. And it becomes clear that this isn't a good reason not to act

2. Second, that whilst you may think of life insurance as a luxury, in reality it isn't, and you need to get it just as readily as you would pay for your gas bill. It is simply a normal expense that has to be paid. The primary reason for that could be that you need a slight mindshift in the way you look at life insurance. But nevertheless, you should bear this in mind. Plus it isn't as hard to sort out as you have been told

3. Third, once it has been sorted out then you can forget all about it, and get on with the business of life. And in addition its nice to know that you have done your part in securing the future of your family!

4. Fourth, the range of insurance policies that are available is now much wider, and so you can get whole life insurance, term life insurance or many others. So you can really get one that is tailor made to your circumstances.

5. And Fifth, you can then move onto something more important once you have arranged it. You can get the affordable life insurance cover in under 10 minutes, so it is hardly an arduous process!

Within all of the above info lies a very good group of reasons in favor of getting affordable term life insurance sooner rather than later.

If you look at all the reasons and evaluate them, you will have to admit that a very compelling case can be made for beginning to consider how you can get this particular aspect of your financial affairs arranged, and not have to unduly dwell on it.

Just consider it. Maybe, just maybe, you really, in all seriousness, should get onto the internet right now and at the very least see the wide range of policies that are available, and how they could potentially do a good job of protecting your loved ones.

Total Comments: 59

Posted: Tue Jul 20, 2010 12:17 am Post Subject:

once it has been sorted out then you can forget all about it, and get on with the business of life

You can get the affordable life insurance cover in under 10 minutes,

Just read any of the posts wondering who's getting the death benefit when someone dies and never changed the beneficiary . . . and you might begin to realize life insurance is not a get-it-and-forget-all-about-it product.

I'd like to know where someone can get life insurance in force in just 10 minutes. Care to provide an answer to that?

PLEASE!! Learn your craft before you harm someone with your misinformation.

Posted: Tue Jul 20, 2010 02:40 am Post Subject:

Well, there's two ways to read this person's forum name.

Perhaps it's help you guys like I'm going to help you guys.

Or maybe it's more like help! ...You Guys!

Posted: Tue Jul 20, 2010 09:21 am Post Subject: Life Insurance

The reality is that there can be a big gap between getting a term life insurance policy that you are only half-hearted about, and getting one that you are totally happy with. So, getting a term life insurance policy that you are totally happy with is a process.

Posted: Wed Jul 21, 2010 03:32 am Post Subject:

Never knew it was about making someone "happy."

Posted: Fri Jul 30, 2010 02:34 pm Post Subject:

William . . .

If you are relying on the information in Reasons 3 and 4 above in the original post,

once it has been sorted out then you can forget all about it


you can get whole life insurance, term life insurance or many others

I have to warn you that no insurance policy is a "get it and forget about it" thing. Some policies require that you read your annual statement and understand it to know that you might have to start paying more money each month to keep it going or you will lose it and all the money you paid for it (Universal Life). Others require that you pay close attention to what is happening in your cash accumulation and reallocate your money accordingly, or your death benefit may continue to decrease (Variable Life). Even term insurance, which is probably the easiest to understand of all, is not a get it and forget it product.

We see posts here all the time about beneficiary problems. If nothing else, all life insurance policies require that the owner keep the beneficiary statement up to date. It is probably the single most forgotten aspect of life insurance.

Why? Because someone gave the client the impression that "All you have to do is get it, and then you can return to your happy life. Just pay your money every month and your family will be taken care of."

It's not always as simplistic as that.

Posted: Mon Aug 30, 2010 05:05 am Post Subject:

Thanks helpyouguys for your informative article.

Posted: Mon Aug 30, 2010 03:02 pm Post Subject:

Caveat emptor when it comes to the advice from helpyouguys. Notice he/she has not posted anything new since then.

Posted: Mon Nov 01, 2010 10:06 am Post Subject: Choose affordable and right plan

Quality of cover When you choose a life insurance provider, it’s important to look at the quality of the plans on offer. Most life insurance plans are similar, however there can be differences. For example, one might have exclusions that other insurers don’t, or there might be provisions in the policy that make it simple for the insurer to cancel the cover should they wish to. So it’s vital to check plans side by side to make sure the life insurance policy you choose is quality and doesn’t have unfavorable features.

Financial Stability
Also vital is the financial stability of the life insurer. A way to check this is to compare the financial strength rating (for example the insurer’s Standard and Poors rating or AM Best rating). These will show you that the insurer has a certain level of stability – and also gives you a way to compare insurers against each-other.

Making sure that the insurer responds quickly and fairly if a claim is needed is another key consideration.

Posted: Thu Nov 04, 2010 01:09 am Post Subject:

Huh? What variance in exclusions are you referring to? I'd love to see some examples.

Cancelation? Really?

While financial stability is potentially important, it's well worth noting that the life insurance industry has been well known for it's long standing practice of burrying its dead. So while it's good to know my company is safe and secure, I can point to no examples where insolvency has left a beneficiary high and dry.

Posted: Thu Nov 04, 2010 05:28 am Post Subject:

I can point to no examples where insolvency has left a beneficiary high and dry.

If you mean entirely without a death benefit, then you are correct. But beneficiaries have been left with less than the full face amount of insurance when the death claims have been paid by the state Guarantee Association.

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