How To Take The Guesswork Out Of Buying Term Life Insurance

Protecting your family is the single most important thing any individual can plan for during his or her life. Buying life insurance can be confusing, and a frustrating process. As an insurance agent, I am well aware of the details a customer must know to make the decision easier. In this article, I will offer practical advice on how to simply purchase life insurance.

Look for a company that has at least an AA-rating or above. Independent agencies such as Moody’s and Standard & Poors rate insurance companies on financial strength., there’s little or no difference in two companies with the same exact financial rating. You should feel comfortable with any company that has an AA or higher rating.

When it comes to pricing, don’t be fooled into thinking that insurance agents determine prices and that you can negotiate. Insurance companies set prices and they depend on age, gender, health, smoking status, family history, activities such as scuba diving,

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Benefits and Risks of Life Insurance Premium Finance

Life Insurance Premium finance is the safer way of purchasing life insurance, especially for high net worth individuals. It allows a company to borrow the cost of life insurance premiums. It usually occurs when the company has a very high premium that makes it necessary to borrow the amount in part or in whole to prevent reducing the company’s liquidity.

More often than not, traditional lenders don’t provide premium financing, and business owners need to look for specific premium financing providers to secure the loan.

Benefits of Premium Finance

When a company releases a large amount of payment, its owner must first consider whether the funds are needed for the daily operation of the company or for the expansion of the business. And in order to prevent liquidating some of the company’s assets or using key funds, financing is required.

More often than not, businesses depend on some type of loan to be sustainable. Premium financing is of

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Term Life Insurance Companies, Their Ratings And More

There are countless term insurance life insurance companies. As someone who’s been a life insurance professional for more than 20 years, I can honestly say that the best term life insurance companies, the top rated term life insurance companies, and the best rated term life insurance companies are very similar. It’s not to say they are all exactly alike but they are usually similar. To compare term life insurance companies is really a matter of what’s important to prospective insurance client.

Your priority

My experience has been that what most people are concerned with when it comes to term insurance is what it will cost them.

Clearly some term life insurance companies are more highly rated by companies such as A.M. Best, Moody’s, and Standard & Poor.

Some of the factors that determine a company’s rating are:

  • Financial strength
  • Financial stability
  • Ability to pay claims
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His Fishing Gear Was Insured, But Not His Life!

There is an eerie legend about Lakewood, NJ’s Lake Carasaljo that its quiet appearance does not tell. It is a bizarre tale that goes back to the 1880’s or perhaps even to an earlier date.

As the legend has it, Mr. Joseph Brick, wealthy Lakewood iron and land business entrepreneur of the time, had three daughters named Caroline, Sally and Josephine who tragically lost their lives while swimming in the lake. In his grief, Mr. Brick named the lake after the loved ones he lost to it – Cara (Caroline) Sal (Sally) Jo (Josephine).

All of those details surrounding the drowning of the three girls except for the naming of the lake in their tribute, I am told, are purely fictional. It is a story that has absolutely no basis. The three daughters of Joseph Brick, in reality, were a health bunch, grew up, married, built families and led ordinary lives.

Yet, the cloak of serenity veiling the beautiful Lake Carasaljo hides something powerful. Nestled deep with

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The Different Types of Life Insurance Explained

There are numerous companies existing today that offer life insurance policies. Though the crux of the policy (to ensure a safe and sound life of an individual’s survivors as well as to the individual) does not alter yet companies try to differ with each other by making different classifications or bifurcations.

Broadly the life insurance is divided into two parts.

1. Term Life Insurance Policy- Anyone can opt for a term life insurance. This type of policy is basically meant to cover a person’s short term requirements. For instance if the policyholder unfortunately meets with a grave accident, he can claim for the insurance amount. But it also compensates the bereaved in the case of death of a family member. All in all it is a policy that helps in covering potential need for life insurance in the short run.

Term life insurance is usually a renewable and convertible program. It ranges from one to hundred years. If it is a one year program then the cos

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Reasons to Buy Life Insurance

For many people, the first introduction to life insurance is when a friend or a “friend of a friend” gets an insurance license. For others, a close friend or relative died without having adequate coverage or any life insurance. For me, I was introduced to a life insurance company where I had to set appointments with friends and family as I learned the ends and outs of the industry and hopefully, make some sales.

Unfortunately, however, this is how most people acquire life insurance – they don’t buy it, it is sold to them. But is life insurance something that you truly need, or is it merely an inconvenience shoved under your nose by a salesperson? While it may seem like the latter is true, there are actually many reasons why you should purchase life insurance.

As we grow older, get married, start a family, or begin a business, we need to understand that life insurance is absolutely necessary. For example, picture a safety net. You may be the grea

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Tips To Buy Life Insurance For The First Time

Buying an insurance policy is very much essential at the same time it can be difficult.If you are thinking of buying insurance you will find several options in an insurance guide book. A life insurance policy though makes you think of your death but is good for the long run both for you and your family.

In this article, we have provided 3 tips that will help you to buy a life insurance for the first time.

1. Find the right type of policy.

Many people do not have an idea of life insurance policies. They mistake all types for same things. There are two main types of policies. They are whole and term policies. If you are buying one of the policy be sure to find the right one out.

A whole life insurance policy covers the user till the day he or she lives. When the person dies the benefits are transferred to the beneficiary nominated. The term life insurance covers for a specific period of time. If the person lives more than that period then the policy expires

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Term Life Insurance – Everything That You Need to Know to Get the Best Policy for Your Needs

If you have a spouse, children or both and their current and future standard of living is dependent on the money that you bring home every month, then Term Life Insurance is the best financial purchase that you will ever make! For just a few cents per day you can guarantee that if something unforeseen happens to you, they will not have their future will assured.

The Purpose of Term Life Insurance

Nothing can be any simpler than Term Life Insurance. In exchange for a set premium the insurance company promises to pay your beneficiary (the person designated to receive the proceeds) the full amount of your policy.

This type of insurance policy does not build any cash value. You simply decide how long you want the coverage to last and pay the specified premium. The longer the length of coverage the higher the premium.

Here is an example for a $100,000 policy for a 35-year-old male non-smoker:

A ten-year term policy is

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How to Buy Life Insurance When You Have Cushing’s Syndrome

Cushing’s Syndrome is a fairly uncommon medical condition. However, despite the fact that it only affects 3 in a million new people per year, it is a condition that most life insurance companies consider to be relevant.

Fortunately, even if you have Cushing’s Syndrome, there are likely many life insurance policies that are well within your reach. Having any sort of long-term medical condition may make the insurance application process a bit more difficult, but this does not mean you do not have any reasonable options.

Begin by meeting with a doctor

Cushing’s Syndrome is something that can often be effectively treated, though there is still a significant amount of research that needs to be done. Before you develop a long-term financial plan, it is important to meet with a doctor to understand the specific state of your condition. Getting a proper diagnosis from a licensed professional is absolutely essential.

Cushing’s Syndro

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Safe Money Investing in a Turbulent Stock Market

There are a few things you need to know to make sure you are investing your money safely. The first thing is the stock market is not a very safe place to put all your eggs in one basket. You really need to diversify your portfolio in order to make sure you are keeping pace with inflation.

Have you heard of institutions or advisors that invest your money and they have control of your finances like Bernie Madoff or The Stanford Financial Group. Many people just opened accounts and let these type of financial organizations invest all of their money. The problem is that whether these guys made money or lost money they still were paid high commissions on your money. They also had full control of your money so these institutions or individuals ran illegal Ponzi schemes using your money and as long as they continued to get new money from investors it seemed like they were investing your money the right way. They guaranteed rates of return of 10% and higher.

The problem I have

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