Buying insurance is a difficult process. Insurance can be fairly high priced, and there are strict guidelines that many companies have for potential customers. Making one simple mistake could mean paying a higher premium for insurance than you should be paying, or not getting insurance at all. Many people make mistakes buying life insurance, and …
If you are considering purchasing life insurance there are numerous options to ponder. Your main decision will be between whole life insurance and term life insurance. Term insurance allows you to buy life insurance for a certain term, usually 10 years and then when the 10 years is up you will need to renew your …
Most of us have health insurance and life insurance; Why not funeral insurance? The cost of funerals can run upward of $10k, with the average funeral being about $6k. This can be quite a burden on those left behind when we pass if we haven’t prepared ahead of time to cover the cost. The forethought …
When you are looking to purchase life insurance, it is essential you are as thorough in the investigation of the insurance company as they will be of you. While price is a large factor in your decision, it should not be the only one. There are many insurance companies that are not what they appear …
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Despite the benefit of life insurance for consumers, Royal Bank of Canada recently decided to stop selling several life insurance products because of economic changes. Low interest rates, a volatile equity market and tougher regulations have adversely affected the life insurance industry. MSA Research, INC chief executive Joel Baker sites the “low interest rate environment” as the core reason …
Who really want to deal with the idea of planning their own funeral and preparing themselves and their family for eventuality of their death? It’s not an easy business, no doubt about it. Yet, it does make sense and it provides you with the chance to make sure that everything is in order. This can …
In the coming years, even more of the country’s baby boomers will be turning sixty five years of age and becoming eligible for Medicare benefits. Earlier on in the decade, only a little over five percent of baby boomers were over the age of sixty five. That number will have more than double by 2013. …
As more people are living longer and longer, senior life insurance is becoming more popular. Knowing the right plan to buy, though, can be a different matter and takes diligent research to insure that you are choosing the right policy. Many people are looking for something that can suit their needs, but also suit their …
When the time comes to purchase a life insurance policy, you will most likely be required to submit to a medical exam. This is generally the case for applicants applying for both whole or term life insurance. There is only one type of life insurance that does not routinely require a medical exam and that …
This post is to support the Life Insurance Movement by Jeff Rose of Good Financial Cents. Do you remember the last time you went to an all you can eat buffet and you were overwhelmed by all the choices? Do you eat the crab legs, prime rib, or the lemon baked salmon? Crap! You just spotted the …