There are differences between personal life insurance and group plans obtained via employee benefits.
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You are probably doing more and more business online and that’s smart. It’s easy to research and save money and time when you let your fingers do the work. But is it safe to buy life insurance online? Yes and No.
As a new year gets underway, there are a lot of New Year resolutions being made. While you are preparing all sorts of lofty goals for 2013, though, don’t forget one of the basic ways to protect your assets: Make sure you have adequate insurance coverage.
One of the most stressful financial situations that many of us face is that of debt. Debt can be a very stressful situation, and it can strain your relationships and even impact your health. If you want to improve your life, as well as improve your finances, you need to consider how you can pay down debt.
Ask that question at a dinner party and you’re bound to get some pretty intense responses. That tends to happen when you talk about kids and death in the same sentence. But let’s take a practical look at the pros and cons of life insurance for children and decide for ourselves whether or not it’s worth it.
On the face of it, whole life and universal life look pretty good but don’t let looks deceive you. These policies have highly inflated costs and commissions. The “savings” portion of your premium gets eaten up by these costs. The policies rarely work out as advertised. The only time permanent insurance works is if you have an estate tax concern or it’s very important for you to leave a sizable amount to someone else no matter when you die.
Many dream of a high-powered job and the money that comes with it. But they don't realize that job comes with an expense - your life! See why a high-power job may not be worth the sacrifice.
You have to pay premiums whenever you sign up for any insurance policy. Your premium is always based on the perceived risk you represent. In the case of life insurance policies, this perceived risk has to do with a formula that companies use to calculate the likelihood that you will die before you become profitable. The greater risk you pose, the higher your insurance premium. Here are 5 lifestyle choices that can mean a higher life insurance premium: