"Dreams are necessary to life."Anais Nin
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Finally...Affordable Prescription Medication without Insurance.
If you are like many Americans, you are without health insurance. And the ranks of the uninsured are growing. According to the National Coalition on Health Care (NCHC), the number of uninsured was a record breaking 45 million in 2003. The growing number ...
Health Insurance: How to Apply
If you're wondering how to apply for health insurance, be aware that application is the second step of the process -- after you've researched different policies and compared prices and benefits. Whether you apply online or off will depend on your comfort ...
Top 8 Life Insurance Mistakes to Avoid
Mistake #1 Don't forget to update the beneficiaries on your life insurance policies regularly. Update it every few years or when there's a major life event such as marriage, divorce, new babies, death of beneficiary, etc. I hear sad stories all the time ...
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One of the most popular life insurance policies is the 20 year term life insurance policy. The purchaser of the policy usually pays a level premium for the first 10 years. In some cases the premiums remain level, and at the same rate, for the entire 20 year period, however most companies increase the premiums starting in year 11 and they remain level for the balance of the 20 year term. This type of policy earns no cash values and there, therefore, are no dividends.
This type of life insurance policy may be totally or partially converted to a permanent policy at any time during it's lifetime without having to prove that you can qualify for it, that is without having to do a medical examination.
There are several uses for this 20 year term life insurance policy. You may use it to pay off a mortgage in the event of premature death. In this case, let us assume you have a mortgage balance of $100,000, you buy a policy for the entire $100,000. Let us assume you die years later when the balance owed is only $60,000. The insurance company pays off the mortgage and the $40,000 balance goes to your named beneficiary.
This is a good policy for a young family to start off with because it is fairly inexpensive. Young married people need to accumulate as much cash as possible as quickly as possible. They may need to save for an upcoming baby, or, may be, for the down payment on a house. They need an inexpensive life insurance policy for family protection. They can, thereafter, put their noses to the grindstone and save as much as they can in their bank accounts, with their aforementioned goals in mind.
Business people find this 20 year term life insurance policy very useful. You just started your business, you are reinvesting every dollar that you can put your hands on in your business. You need the least expensive life insurance to cover shareholders in the event of premature death. This 20 year term policy is ideal for the situation.
About the Author
For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has studied the work of all of the greats from Ben Feldman and Frank Bettger to Joe Gandolfo. He has represented some of the largest and best life insurance companies in the United States as well as Canada. His advice is invaluable.
Donald website is life insurance hub
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Health Insurance Cutbacks Squeeze The InsuredNPR (blog)A healthy 5-year-old son, a house in Riverbank, Calif., and health insurance from her job in the accounting department of a small manufacturing company. "We were in a conference room getting the information and I had heard rumors but didn't know if it ...and more » |
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