Latest Articles

Affordable Life Insurance Rate - Learn How To Get The Low Rates And Coverage That You Need
Life insurance policy rates are determined by insurance company actuaries. They use mortality tables and other statistical information to determine the actual rates. The insurance shopper is usually oblivious to life insurance rating procedures but...

Life Insurance Policies – The Opinions Of Whole And Term
Unlike certain kinds of insurance, life insurance isn’t a requirement. Sure, it’s a nice cushion for your family in the event of your death; it’s even a nice cushion for you in the event of an emergency. Yet, since life insurance isn’t a...

Tips for Selling Life Insurance: Q&A Tactics
The insurance agent shakes hands with the potential client, sits down, smiles and says, "I have a product here that I believe to be the best life insurance package I have ever seen. In all of my years in the insurance business, I have never been...

10 key reasons why a person needs life insurance

Insurance is designed to protect a person and the family from disasters and financial burdens. There are many kinds of insurance of which, the basic and most important is considered to be life insurance. It provides for the dependants after your death.

Since there are certain financial commitments you need to meet throughout life and do contribute in some way to the family income, you need to provide something even in death--to secure the home, help the family meet expenses for a while, protect dependant parents, or secure the children or spouse.

Financial obligations could include funeral expenses, unsettled medical bills, mortgages, business commitments, meeting the college expenses of the children, and so on.

How much insurance a person needs would vary, depending on lifestyle, financial needs and sources of income, debts, and the number of dependants? An insurance adviser or agent would recommend that you take insurance that amounts to five to ten times your annual income. It is best to sit down with an expert and go through the reasons why you should consider insurance and what kind of insurance planning would benefit you.

As an important part of your financial plan insurance provides peace of mind for any uncertainties in life.

1. Life insurance correctly planned will on premature death provide funds to deal with monies due, mortgages, and living expenses. It offers protection to the family you leave behind and serves as a cash resource.

2. It secures your hard earned estate on death by providing tax free cash which can be utilized to pay estate and death duties and to tide over business and personal expenses.

3. Life insurance can have a savings or pension component that provides for you during retirement.

4. Some

policies have riders like coverage of critical illness or term insurance for the children or spouse. There are certain rules regarding eligibility for riders which you will need to determine clearly.

5. Having a valid insurance policy is considered as financial assets which improves your credit rating when you need health insurance or a home loan or business loan.

6. In case of bankruptcy, the cash value as well as death benefits of an insurance policy is exempt from creditors.

7. Life insurance can be planned such that it will cover even your funeral expenses.

8. Term life insurance has double benefits, it protects and you can get your money back during strategic points in your life.

9. Insurance protects your business from financial loss or any liabilities in case a business partner dies.

10. It can contribute towards maintaining a family's life style when one contributing partner suddenly dies.

Insurance is vital to good financial planning and security but you would need to assess your personal risk and long term commitments. Insurance stands a person in good stead throughout life and can be used in case of emergencies during a life time by requesting a withdrawal or loan.

About the author:

Paul Wilson is a freelance writer for http://www.1888Insurancequote.com/ , the premier website to find insurance quotes including health insurance, home insurance, auto insurance, life insurance, travel insurance, medical insurance, insurance company's reports and more. His article profile can be found at the premier Insurance Article Submission Directory http://www.1888Articles.com/insurance-articles-41_4.html
Written By: Paul Wilson


Bristol Township insurance scam heads back to court - msnbc.com
An alleged Bristol Township insurance scam that has been bouncing through the courts since 2009 could soon come before a jury. Former Bristol Township manager Suzanne Newsome and three USI MidAtlantic insurance executives — Robert J. Brown, Freda Batipps ...

Insurance Agents Charged In $100 Million Fraud Scheme - Forbes
Why Homeowners Can't Bank On The Mortgage Relief Plan Deborah L. Jacobs Forbes Staff Obama Declares War On Rich Folks And Wealth Advisors Deborah L. Jacobs Forbes Staff The Manhattan United States Attorney and the Federal Bureau of Investigation ...

Are You a Bigger Insurance Risk Than You Think? - Yahoo Finance
You're a good neighbor. You keep your sidewalks clear, your trees trimmed, your dog on the leash, and your pool gate locked--all steps meant to keep your family and friends safe and your insurance costs down. But even the most conscientious ...

Tom Jones Insurance Agency Launches Interactive Website - YAHOO!
Tom Jones Insurance Agency announces the launch of a new agency website at http://www.TomJonesIns.com/. With interactive features such as on-site glossaries, maps, driving directions, and multiple forms of contact, Tom Jones Insurance Agency’s new ...

A biting dog could increase homeowner's insurance - Pittsburgh Post-Gazette
Homeowners might want to think twice before bringing a dog into the house. Some insurance companies will be less than thrilled to hear about the new pit bull, the Rottweiler puppy or even the energetic Dalmatian because dog bites are on the rise and they ...

Google