What is Life Insurance?
Life insurance protects you and your family from economic hardship as a result of death. It is an insurance company's obligation to pay the recipient of your choice a pre-determined amount of money when you die in exchange for timely payment of premiums while you are living.Do you really need life insurance? Well do you want to provide for your family and loved ones in a manner to which they have become accustomed in the untimely event of your death? If you are the primary breadwinner who will pay the mortgage on the house your spouse and children live in if you pass? Who will provide financially for your family if you are gone? How will your children's education be financed in your absence? And finally how will your burial expenses be covered? Now that you have decided you do indeed need life insurance, how much do you need and if you already have life insurance do you have enough? Some things you will need to consider when making this decision:How much can your family afford to pay off your mortgage loan or your rent if you die?How much debt will you leave behind to include credit card balances, car loans, student loans, personal loans etc.?How much annual income will your death remove from your household?How much will the funeral you desire cost?Do you want to leave behind a charity fund in your name?Do you have special family members you would like to leave a financial gift behind for?How much will your spouse need to care for a family member with special needs? How much do you want to leave behind for your children's education expenses?Once you calculate how much money you want to leave behind consider how much you currently have in terms of individual or group life insurance along with your other assets such as savings accounts, CDs, mutual funds, stocks, bonds, 401K, retirement plans or pension plans and subtract that amount to decide how much life insurance you currently need to purchase..
Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers free money saving auto, home, health and life insurance</a > quotes that you can research in your pajamas on his website.Life Insurance Guide-Ensure your Life
Life insurance is a type of insurance that pays a sum of money to the beneficiary of the insured person only if the premiums of insured are in progress. It works like all other insurance policies. In life insurance insured person ensures his life by paying a small amount of premium.
Actually life insurance is an agreement between insured and insurance company. Insurance company agrees to pay a certain amount of money to insured's beneficiary in case of death of insured.
Beneficiary may claim for the policy only if the premiums of the insured are current.
Life insurance policy offers security to the surviving family members in case death of a loved one. Insurance company tries to overwhelm the loss by paying a sum of money. People may buy life insurance policy from individuals or insurance companies. Sometimes government offers group life insurance to government employees at no cost.
Employees can obtain life insurance at reduced rates from...
Life Insurance Guide-Ensure your Life
Life insurance > Life Insurance Guide-Ensure your Life
Different Kinds of Term Life Insurance
If you're considering term life insurance, keep in mind that there are many different kinds of term life insurance. This includes decreasing term insurance, increasing term insurance, increasable term insurance, decreasing term insurance and renewable term insurance among many. It's important to find the type of term life insurance that fits your needs best.
Decreasing term life insurance reduces the coverage of the policy year on year. The policy holder usually requires the cover for a loan repayment such as a mortgage or to cover a potential inheritance tax bill.
Increasing term life insurance is just like basic term life insurance, except that, as the name suggests, the level of coverage increases. Premiums increase along with the level of coverage as well.
Increasing term insurance is suitable for long term insurance because increasing prices reduce the value of a fixed level of coverage over the period of the policy.
Increasable...
Life insurance > Different Kinds of Term Life Insurance
SBLI USA Mutual Life Insurance Company, Inc. Appoints Ellen Thrower to Board of Directors
New York, NY (ContentDesk) July 3, 2004 -- SBLI USA Mutual Life Insurance Company, Inc. today announced the appointment of Dr. Ellen Thrower, executive director of St. John's University's School of Risk Management, Insurance and Actuarial Science (SRM), to its Board of Directors. SBLI USA is a financial services company dedicated to building long-term relationships with its customers and empowering them through financial education.
As one of 14 board members, Dr. Thrower will contribute her extensive knowledge and expertise of the insurance industry to help lead SBLI USA through its national expansion.
Since 2003, she has been an active member of the company's corporate advisory board."I am extremely pleased to be joining the Board of Directors of SBLI USA," said Dr. Thrower. "I have a great admiration for the management team and hold the company's efforts in high regard."Since 2001, Dr.
Thrower has served as executive director of the School of Risk Management...
SBLI USA Mutual Life Insurance Company, Inc. Appoints Ellen Thrower to Board of Directors
Life insurance > SBLI USA Mutual Life Insurance Company, Inc. Appoints Ellen Thrower to Board of Directors