Tag: Life Insurance

You’ve probably heard some people claim that life insurance is a waste of money, but is it really? It can be difficult to tell which types of insurance are worth your hard-earned money and which aren’t, but according to experts, life insurance is undoubtedly a valuable investment if you have dependents who rely on your income, even after you pass away. Not convinced that life insurance is really worth the cost? Here are the five biggest reasons that prove it is.   You’re buying yourself peace of mind.   Don’t…

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When you’re young and unattached, you don’t really need to invest in a life insurance policy. You have no dependents relying on your income, which means that in the event of your death, you won’t need insurance to take care of those you leave behind. However, once you get older and eventually bind yourself to a partner, both legally and romantically, things change. Everyone should look into buying life insurance once they get married, and here’s why.   It Will Protect Your Partner’s Future In the event of your death,…

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What is life insurance? Life insurance is a policy that can be purchased to provide a named beneficiary with a sum of money upon the purchaser’s death. The amount of money received is previously determined by whatever policy was purchased. Life insurance is important to ensure the financial security of your loved ones after the time of your death.   Different types of life insurance – what’s right for you? The two main types are term and whole life. Both can be helpful, depending on your personal circumstances.   Term…

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Although a life insurance policy is taken out in your name, you won’t be the recipient of its benefits; your dependents will be. By insuring your own life, you are taking a step to provide them with a financially secure future in the case that something should ever happen to you. If you’re considering investing in a life insurance plan for yourself, here are some reasons you should do so for the sake of your kids.   It Will Ensure That They Live Comfortably Whether you’re raising your children as…

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When you’re single and living on your own, life insurance can seem like a ridiculous expense with very little payoff. However, once you marry someone or begin a family of your own, things change. Now you have dependents who rely on your income, and if you pass away, they will be left financially injured. Not everyone needs life insurance, but if you fall under either of these three categories, you probably do.   If You Are the Sole Provider for Your Family If your spouse and/or children rely solely on…

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There are many different benefits to having life insurance.   Pay expenses left behind Unfortunately, along with the grief that follows the death of a loved one, there are traditionally a buildup of expenses left behind as well. The costs of funerals and burial options can be overwhelming, especially for families that are already burdened with loss. Many people may also be left with medical expenses, estate taxes, and various personal debt. Having that insurance pay off can be lifesaving and a huge stress relief for grieving loved ones.  …

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Life insurance plays an important role in all stages of life.   Young and Single Most young people don’t give life insurance a single thought. Why prepare for the end when you feel so alive with years and years ahead of you. However, this can possibly be the most ideal time of life to invest in insurance, as it will be much cheaper while you are young. It may seem pointless while you don’t have a family. However, even if you don’t have a family yet, within the next 10…

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Sometimes it feels like you are paying for one too many versions of insurance. You’ve got health insurance, car insurance, home insurance, travel insurance, and in some cases, even life insurance. Because life insurance doesn’t benefit you during your lifetime, it can seem like an easy one to nix in an effort to save a little money. One less policy to renew and pay for each year, right?   However, life insurance might be one of the most important kinds of financial protection you can purchase if you have a…

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