stock market technical analysis: Is Life Insurance Right for Me?

Life insurance provides money to your family or loved ones if you should die life insurance to help protect the financial interests of the business if the employee should die. Here we discuss the use of life insurance for your family?
Now, no one likes to think about the consequences of their death. However, people die from accidents and diseases every day. Approximately 2.5 million people die every year in the United States. Although the list of causes of diseases cause more than 100,000 people die every year and causes of accidental
If you have family members who depend on your earning power, is an important question you should ask yourself is, "What happens if I no longer provide for them."
And you have to ask that question should be, before you die of an accident or diagnosed with a terminal illness. When you are involved in a deadly crash that late to get life insurance. And when you are diagnosed with a terminal illness, it's awfully hard to obtain life insurance.
Life insurance can protect your family and provide a number of ways.
- Repay debts
- To provide care and education for your children
- Provide the necessary amount to your spouse's income can be up to one missed
Life insurance can pay debts === Off ===
Many families live in the house for a substantial deposit. Your mortgage is usually the largest debt of your your income is, what is the money to pay your mortgage payment on life insurance can be used to pay off the debt, the mortgage if your income is lost.
Millions of families have large credit card debt. They often can not pay off their credit cards every month to families who pay their credit cards are rarely average debt is about $ 8,000. And many families bankrupt declare that tens of thousands of dollars in credit card debt, life insurance can be used to pay the credit card debt.
=== Life insurance can help pay for the care and education of your children. ===
If you have a family, "for children with special needs," you can pay for Tutoring and Child Care: These costs will continue out of your untimely death Life insurance can help provide for your child with special needs this assistance may continue quite some time.
Higher education, often costs $ 20,000 per year or more. Your savings and investments over the years to help pay the cost. However, if your income stops before that investment can help your children grow in their education costs of your children may be less money available to them through their university education, life insurance can be used to help provide educational expenses, books, tuition fees, and living expenses.
Life Insurance Helps your spouse === ===
Your husband may or may not make up for the lost income. Depending on your husband's age or other circumstances, your husband can not.
From, get married and get more income.
- Wait until the pension, and / or social security provides an additional revenue stream.
- Increase income from employment or entrepreneurial efforts.
Life insurance can help your spouse make the transition into a new revenue stream to your Death. Although life insurance sales people often do you think your family life, income requirements, it is often beyond what is actually required.
You have to take into account just how much income stream and your spouse needs a more successful transition to other sources of income can be made. The face value of your life insurance can be tailored to provide a revenue stream to help through this interim period.
Usually, when you become old and the income from pensions and social security are closer at hand, your need for life insurance decreases. And, if you have built sufficient funds, you need life insurance and non-existent.
Life Insurance Types === ===
There are two main types of life insurance:
- Term Life Insurance
The whole life insurance
Term life insurance contract, which calls for you to pay a Premium for a certain number of years, the nominal value of certain life insurance. Length of contract may vary from 1 to 30 years: If your long-term policy ends without your death, you get no benefits if you die before your policy ends, you get the full Face value of the survivor insurance
Some term life policy is called "reduction" term, because the Face value of the policy decreases over the years. Term life insurance policies are "renewable" When completed, allowing you to get a term life insurance policy to another, without a physical exam.
Whole life insurance is a long-term policy that you pay the premiums on the life insurance plans are the "cash value" of the investment project when the policy was delivered, it also pays the Face value of the death benefit (if you die) or a "cash value" of the policy. Often the "cash value" is determined by a fixed percentage of your income to your policy premium payments, some initial period, you can borrow against the cash value of the policy: The life insurance premiums are higher than term life insurance.
Some variations of the proposed life insurance premium payments and the face value of the amount of such programs can be called universal variable life insurance, variable life insurance, or other names.
A number of factors are important when considering the whole life insurance? You must clearly understand:
- When starting to build the Cash Value life insurance often do not provide much value for your money Premium begin to build a significant amount of your policy for 10 years or more.
- Rate of Return on the index, which your policy builds cash value, often low rate, you can get if you invested elsewhere.
You should carefully consider both the life insurance and term life insurance plans, it is often wise to buy term life insurance, whole life insurance policies and investment policies will be free of excess is the way you should be in the interest of both life insurance and higher interest rates. the return on your investments.

stock market technical analysis

Monday, November 12, 2012

Is Life Insurance Right for Me?

No comments:

Post a Comment

Followers

Blog Archive

About Me