For most people, determining how much life insurance one should have is not an easy task. Confronting the subject of death is difficult enough, but add to that the question, “How much is my life worth?” and you now have a subject that most folks would rather avoid. We have looked at many life insurance calculators that have line items for every family expense one can think of and multiply those expenses by an estimated time one would need income to support those expenses. While this is a great exercise, we have found the task to be too time-consuming for most people.This income-replacement approach has been used by many life insurance agents over the years and it’s fairly simple to use.
Final expense insurance also referred to as “funeral” or “burial” insurance, is a life insurance policy that is designated for paying the final expenses of the insured that typically accumulate leading up to and immediately after the insured’s death. It is no secret to anyone living in the United States … Continue reading Final Expense Insurance – What is it and Why Should I Buy It?Read More
Preexisting conditions will usually have a substantial impact on life insurance rates; however, they do not always prevent you from being able to purchase an affordable policy. The good news is the life insurance industry has become very competitive, and insurance companies are now offering life insurance policies to people … Continue reading Buy Life Insurance with Preexisting ConditionsRead More
Life Insurance Terms You Should Know Just like with lawyers, members of the insurance industry use unfamiliar terms when they discuss the various products they represent. Not because they’re smarter than anyone else, it’s just the nature of the industry. Certainly, anytime you’re speaking with an agent, you can … Continue reading Life Insurance Terms You Should KnowRead More