Life Insurance

Term life insurance is preferred by millions over cash value life insurance since it is the original form of life insurance and can be contrasted to permanent life insurance like whole life, universal life insurance, and variable universal life.

If you are one of the millions stay-at-home moms of America, you are probably covered by your husband’s job. However, most of the times, this is not enough. The kinds of duties that a stay-at-home mom assumes are extremely important. If anything unfortunate ever happens to the mom at your own home and if you are the earning spouse, you perhaps have to stop your work and look after the kids at home. Some among us often underestimate but the loads of work a mom assumes is something a man can hardly think of.

Let us talk about your death. Well, not actually a desired topic to any people, right? Since we always remain passive to discuss our own mortality and tend to keep our face off the reality, certain myths have surfaced and circumnavigating the life insurance industry. In this blog post we have ventured to discuss the 5 most common myths that surround the life insurance industry. Myth 1: Life insurance is a wise investment Simply a fantasy! If you have a term life one, you have to die so that the descendants can relish the taste of the investment.

Feb 15, 2013 saw an asteroid hitting the Earth with the debris striking parts of Russia and posing risks to lives and personal properties in the area. Does that make you sit up and consider what’s going to happen if you’re subject to the next celestial grudge? Though such situations are very rare, there’s nothing to lose your sleep about. The standard insurance policies offer coverage for damages to your home, car or property, if ever you’re hit by asteroids, meteors, falling satellites and other similar space junks.

Insurance is not as easy as it sounds. Just because you have a life insurance policy, it doesn't mean that your life is secured. In fact, a life insurance policy works the other way round since it provides financial protection to the survivors when the insured passes away.

The death benefits received from a life insurance policy lends the much needed financial support to the family of the insured person. It’s usually arranged as an income replacement option for the named beneficiary or the family of the insured, in case an earning member faces an untimely death. However, urbanization has crept into families, and as relations grow distant, individuals often need to set priorities.

Hardly anyone buys a life insurance policy for his own self. A life insurance policy is mostly purchased to secure the lifestyle of the near and dear ones of the insured. The assured sum is paid out to the named beneficiary as death benefit from the policy, after the insured passes away.