Life insurers have been making money on term life insurance for years. Inside industry statistics peg term life payouts at less than 1 percent annually. That means that less than 1 percent of all term life insurance policies ever pay death benefit claims. It’s not that insurers are scamming people or refusing to pay, it’s […]
Term
Why Physicians Should Buy Term Life – Most of the Time
Life insurance coverage should be considered as an integral part of any good solid financial plan – both personal and business. The proceeds from such policies can be used to provide numerous benefits, including the payment of final expenses, paying off a mortgage or other debt, funding a child’s future college education costs, or providing […]
$100,000 Term Life Insurance: Options for Coverage
Those that are interested in $100,000 term life insurance have several options to choose from. There are generally 2 categories to consider, policies that require an exam, and no exam policies. While it sounds great to buy a life insurance policy that does not require a physical medical exam, it may not be the right […]
Short Term Life Insurance – Is it Right for You?
Many factors affect how long a consumer chooses to carry a term life policy. These might include their age, the price of the policy and the reason they are getting life insurance in the first place. When you purchase a term life insurance policy, it is valid for a set amount of time. Usually, the […]
When is 15 Year Term Life is Better than 10
This article is going to look at some of the advantages of a 15-year term life insurance policy and when you should consider purchasing one of these versus some of the other options. When shopping for term life insurance, the biggest choice is how long your coverage length should be. This is because at the […]
The Benefits of a 25 Year Term Life Insurance Policy
You might already be familiar with a 20 or 30 year term, but have you heard of a 25-year term life insurance policy? The following article will discuss the life insurance providers that offer a 25-year term and the benefits for buying such a policy. The differences in price between the 20, 25 and […]
$25,000 Term Life Insurance Policy Options
Life insurance policies often come in six figures (sometimes more) because their purpose is to cover a variety of expenses like funeral and burial costs, leftover debt, and of course the absence of the income previously being earned by the deceased. In fact, a lot of life insurance companies have minimum policy amounts between $50,000 […]
10 Year Term Life Insurance Rates
One of the most confusing parts of life insurance is deciding the best type of coverage. Every family has different life insurance needs. Because of its price and flexibility, term is the most popular choice on the market. But even if you’ve decided on a term plan, you still need to decide how long you’re […]
Choosing a Term Life Insurance Policy
Appropriate life insurance is one of the foundations of a solid financial plan, regardless of your age or situation. When searching for the right policy, however, how can you tell what makes sense for you? The two major categories of life insurance are whole life and term. Whole life is a combination of an insurance […]
Decreasing Term Life Insurance
There is an almost endless number of different life insurance plans that you can choose from to give your family the protection that they need. Each kind of life insurance plan has different advantages as well as disadvantages that you should consider depending on your specific needs so that you find the perfect plan to […]
