Getting an insurance is a way to always prepare yourselves for anything that can possibly happen. Learn more about insurance and how to find the best deals right now.
How Much Life Insurance Do You Need?
Life insurance is one of the biggest purchases of your life. You need it to make sure your family is protected in the event that the unexpected happens. The insurance payout should allow your family to maintain its lifestyle without worrying about money.But you might be wondering: how much life insurance is the right amount?Buying too little, and you leave your family … [Read more...]
What Happens When Your Term Life Insurance Matures?
Is your term life insurance policy about to come to an end?While it is actually designed to do just that, it may mean you have a decision to make about what to do:Do you keep it? Do you replace it? Do you go without coverage?Chances are, your financial situation may have completely changed since you bought the expiring policy.For that reason, you’ll need … [Read more...]
The Actual Reasons Term Insurance Meets Most Parents’ Needs
When you find out you’re going to be a parent, a million thoughts and emotions hit, eventually leading to the question: “Oh man, what if something happens to me!?” Life insurance is the safety net many parents put in place in case anything happens to them, but according to a recent survey, only 10% of younger families report having enough life insurance coverage to take care of … [Read more...]
Only 6 Months Left to Claim PPI
The PPI mis-selling scandal has plagued the UK banks for nearly a decade. Payment Protection Insurance (PPI) policies were incorrectly sold to thousands — if not millions — of UK consumers during the 1990s and early 2000s. When the scandal came to light, the banks were fined and began refunding customers who contacted them with complaints.But an end date is in sight for the … [Read more...]
What Causes Insurance Premiums to Rise? Online Resources Examine Multiple Factors
If you reside in Canada today, you probably wonder how the recent legal changes permitting the use of recreational marijuana will impact your auto insurance premiums.A recent survey reported some 91% of Canadians held concerns about this issue. As a demographic group, Millenials felt even more uncertain over the outcome of the new legislation than other people: fully 94% … [Read more...]
The Link Between Stock Market Indexes and Life Insurance Policies
What is an Index? An index or indicator is like a marker of a certain subset of the stock market which makes it easier to watch how one set of stocks performs relative to others.Indexes consist of companies from automotive, oil and gas, apparel, textiles and other sectors. How is an index related to life insurance policies? IUL insurance or “indexed universal life … [Read more...]
Should You Consider Life Insurance as an Investment Option?
Should you use consider life insurance as an investment? Short answer: probably no. However, there are exceptions. We’ll do a quick overview of the ways life insurance could be used as part of an investing strategy. We’ll mention the pros and cons of standard tactics, and discuss who these are best suited for. For those who want a fast answer, “Buy term life insurance and … [Read more...]
The Life Insurance Policy That Is a Ticking Time Bomb!
There is an insurance product on the market that is touted by many financial advisors as the “holy grail” of all financial products. It is called Indexed Universal Life or (IUL) and it is a very specifically designed type of life insurance policy. The come on to buy this type of policy is very slick and allures many people (especially high income people) fall prey to the … [Read more...]
4 Questions to Ask Your Benefit Consulting Broker
Being able to offer your employees group health insurance benefits them as individuals and you as a business owner. When your employees receive proper health care, their quality of life improves and they are less likely to suffer from ailments that can keep them from doing their jobs effectively. Working with an insurance and benefit consulting company can ensure that your … [Read more...]
Can You Use Life Insurance as an Effective Investment Tool?
The primary reason that most people invest in life insurance is to provide financial security to their loved ones in case of an early death. However, it also works as a powerful investment and retirement planning tool, since certain plans can build sizable cash value during your lifetime.You can withdraw this cash value to pay for unexpected expenses, borrow against it when … [Read more...]
