Now usually I wouldn’t bother with life insurance but recently I have been very accident prone. Last week I had a car crash in which I narrowly averted death and already this week I have injured my back and nearly been run over by a passing trucker. So I suppose more than ever life insurance is required.
So I went to my local insurance broker to see what he could offer me but he said he doesn’t do term life insurance which is what I had planned on using to cover my next 20 years or so of mishaps. Needless to say I am now looking online for some quality life insurance - Guess with my luck with cars I should probably get some better car insurance too!!!! Its been one hell of a strange week I can tell you that!
[Keywords: Life Insurance, term life insurance, why you need life insurance, get life insurance ]
November 15th, 2007
When you buy life insurance, you want coverage that fits your needs and your budget. Decide how much you need, for how long and what you can afford. Examine what kinds of policies are available to meet your needs and choose the one that best suits you. Compare what different companies charge for the same kind of policy and amount of insurance you want. It makes good sense to ask a life insurance agent to help you select a policy that best meets your needs and resources. An agent can review your insurance needs and provide information about the kinds ofpolicies that are available. If one kind doesn’t fit your needs, ask about others.
A wide variety of plans are offered today. A brief description of the basic kinds of life insurance follows:
Term life insurance covers you for a set period (term) of one or moreyears. It pays a death benefit only if you die during that term. Terminsurance generally provides the largest immediate death protection foryour premium dollar. Most term insurance policies are renewable for one or more additionalterms even if your health status has changed. Each time you renew thepolicy, premiums will be higher. Check the premiums at older ages and how long the policy can be continued. Many term insurance policies can be converted before the end of a certain period of time for a whole lifepolicy, even if you are not in good health. Premiums for the converted policy will be higher than what you had been paying for the terminsurance.
Whole Lifeinsurance protects you for as long as you live. With the most common type, called straight life or ordinary life insurance, you pay the same premium for as long as you live. The premium may be several times higher than you would pay initially for the same amount ofterm insurance. But whole life premiums are smaller than the term lifepremiums you would eventually pay if you were to keep renewing a term policy until your later years.
[Keywords: life insurance ]
July 3rd, 2007