The benefits of life insurance are easy to understand. Owning life insurance today gives you the peace of mind knowing your loved ones have a safe and secure financial future. They will be cared for in the event of your death.
Owning life insurance allows you to plan for and meet your financial obligations to your family for a specified number of years (for example the amount of time left on your home mortgage or until your children are through college and supporting themselves).
Term life insurance is an affordable way to protect your loved ones financial future. You can purchase the amount of protection that meets your family’s financial needs and circumstances.
Life Insurance Provides for Current and Ongoing Expenses
The beneficiaries you choose can use the proceeds from your term life insurance policy to pay for immediate expenses, such as:
* Food
* Clothing
* Utilities
* Funeral Costs
* Medical Bills
* Legal fees
* Taxes
* Estate settlement costs
* Outstanding mortgage loans or business debts
Life Insurance Helps to Secure Your Family’s Financial Future
The proceeds from your term life insurance policy can help your family pay for future financial obligations, such as:
* College tuition
* Monthly Living Expenses
* Retirement funds for your spouse
Funeral Insurance provides you and your loved ones with the security and protection they need, when they need it most.
Funeral Insurance provide limits of coverage from $2,500-$25,000, a simple application form, and no-hassle underwriting. And, there's no medical exam required.
Funeral Insurance provide money for final expenses including burial expenses, funeral fees, probate, legal fees, casket and tombstones. The National Funeral Directors Association indicates the average cost of a funeral exceeds $6,700 not including medical and legal expenses.
The free quote comparison service from eFinancial uses advanced search technology to find you the best rates on life insurance. It takes less than 1 minute to search the top companies. You will receive the 12 lowest quotes from more than 77 top-rated insurance companies. If you need help with your application, dedicated customer service agents are available.
Term Life Insurance Explained
Term life insurance offers life insurance protection for a specific number of years. It builds no cash value, you pay only for the life insurance.
That's why term life is less expensive than permanent life insurance. That means you can afford more protection for your loved ones.
- Term life insurance lasts for a specific number of years, from 1-30 years. The most common terms are 10, 15, 20 or 30 years.
- Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.
For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.
- Usually, term life insurance costs 2-3 times less than permanent life insurance.
- If you outlive the term of your life insurance policy, your coverage ends.
Here are some tips on buying life insurance to help you find the right policy, and save you time and money on your life insurance.
- Don't wait until you really need the coverage! By that time you'll be that much older, you may be sick or you will have encountered a health issue that will cause your premiums to be much higher than you expected. That is of course if you can even qualify for the life insurance coverage. The point being, if you know you need life insurance coverage – DON’T DELAY.
- The highest financial rating doesn't necessarily mean better coverage. The important thing is to at least be looking at an "A" rated company. There is little, if any difference between one company's term policy and another, so basing a decision only on financial ratings won't always get you best rates on your life insurance policy. The highest rated insurers tend to be more conservative in their underwriting, so you may not be able to get their best rates.
- Shop and compare life insurance quotes online before you meet with an agent! Many online life insurance brokerage companies can save you up to 75% on your premiums. The reason is because they offer you quotes from many different companies seeking only to get you the best rate available.
- Choose the annual premium payment option, if you can afford it. Paying annually can save you up to 20% with some life insurance companies versus monthly, quarterly or semi-annually premium payments.
- Don't smoke. Smokers are charged up to 2-3 times more for their life insurance coverage. If you want to save money on your policy, quit smoking. If you do smoke, most companies will let you re-apply for nonsmoker rates if it has been at least 1 full year from the last time you had any tobacco products in your system.
- If you have cholesterol or blood pressure issues get it controlled with medication. Insurance companies don't like to see health issues go unattended. If you are doing something to control it they will probably look at that favorably and give you the benefit of the doubt when it comes time to approve your life insurance policy.
- If you are considering buying $90,000 of coverage, buy $100,000 instead. Many times it will cost you less money, the same or just a little more for the additional life insurance coverage. Insurance companies may give breakpoints at $100,000, $250,000, $500,000, $750,000 and $1,000,000. So it won’t cost you that much more in annual premium to get the higher amount of coverage.
- Read the life insurance medical exam tips before completing your exam. Drinking caffeine or exercising just before your medical exam can throw off your lab results and cost you big time on your life insurance premiums.
- Obtaining coverage through your company's plan may be a good alternative in the short-run. Many employer's plans won't let you continue your coverage if you leave. If you need coverage then, you'll have to apply for an individual policy anyway. You may or may not be insurable at that time. Why take the chance? Get a separate policy in force now to guarantee your insurability in the future.
- If you're 35 years old, you're as old as 36 in the eyes of the insurance company. Most insurance companies round up to the next highest year when determining your age and because premiums increase with age that can make a big difference in your annual premium. So, if you're approaching 30 or 35 and you have thoughts of applying for a life insurance policy, don't wait!
When a person insured by a life insurance policy dies during the term of the policy the proceeds are paid to the beneficiary or beneficiaries.
You may be wondering, Do I pay taxes on life insurance proceeds?
Life insurance death benefit proceeds are usually not subject to state and federal income taxation. But, if there is no beneficiary, the death benefit proceeds of the life insurance policy may be included in the estate of the deceased. Then, it may be subject to state, federal and inheritance taxes.
Also, the proceeds may be subject to federal estate taxation.
If you own all or part of the life insurance policy at the time of your death, the proceeds may be included in your gross estate for federal estate tax purposes.
Also, federal gift taxes and state inheritance taxes may apply to life insurance policy proceeds under certain circumstances.
You may want to consult a tax advisor regarding your questions about any estate, income and gift taxes related to any life insurance policies you own or are considering buying.
Also, your insurance agent should be able to tell you if your life insurance policy benefits will be taxable.
Finally, different taxes may apply to the benefits paid by your life insurance policy if the death benefit is paid to the beneficiary in installments, instead of as a lump sum. The interest portion, if any, of each installment is usually treated as taxable to the beneficiary at ordinary income tax rates, while the remaining principal portion is tax-free.
Source : http://www.term-life-online.com/life-insurance-tax.html
Term life insurance offers life insurance protection for a specific number of years. It builds no cash value, you pay only for the life insurance. That's why term life insurance is less expensive than permanent life insurance. So you can afford more protection for your loved ones.
* Term life insurance lasts for a specific number of years, from 1-30 years. The most common term is 10 or 20 years.
* Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy. For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.
* Usually, term life costs less than permanent life insurance.
* At the end of the policy term, the insured is no longer insured, and a death benefit is no longer paid. Some term life insurance policies are renewable, or can be converted to permanent life insurance.
Get your free term life insurance quotes - You will be asked to fill out one form which takes about a minute, then you will receive up to 12 lowest quotes for term life insurance instantly, from more than 77 top-rated life insurance companies.
Term Life Insurance Has Three Standard Features
1. Level
Usually, the annual premium for the policy paid by the insured stays the same each year. The face amount of coverage also stays the same. Level term life insurance policies can usually last up to 30 years.
2. Convertible
Before the end of the term for your policy, the life insurance policy owner (you) may be able to convert the term life insurance policy into a permanent life insurance policy. The owner usually has a specific number of years during the term life insurance policy to convert the policy. The premiums usually increase for the permanent life insurance.
3. Renewable
Term life insurance policies that are renewable offer the owner of the policy the option of renewing the life insurance policy at the end of the policy term, up to a specific age limit (usually age 65 or 70).
For example, a 15 year policy may be renewed for another 15 years. If the policy is renewed, a medical exam may be required. The term life insurance premium will usually increase when the policy is renewed.
Source : http://www.term-life-online.com/how-term-life-insurance-works.html
Residents of Michigan Can Now Apply for Aetna Individual Health Insurance Plans Through GoHealthInsurance.com
CHICAGO, IL -- 08/26/09 -- Michigan is one of the states hit hardest by the current recession, proven by its estimated 15 percent unemployment rate -- the highest in the country. There are also 1.3 million residents in Michigan without health insurance coverage, a number likely to grow as a result of high unemployment.
While nothing can replace a lost job during a tough recession, going without health insurance can only make matters worse. Just one major medical bill can drain a savings account and send families into bankruptcy.
Finding an affordable health plan online from a top insurer such as Aetna, a leading insurer, is easy with the tools at GoHealthInsurance.com. Recently, GoHealthInsurance.com added online applications for individual health insurance from Aetna.
Aetna offers a host of different health plan options, many of which can be tailored to an individual's specific needs.
Through GoHealthInsurance.com, residents in Michigan can view plans online, compare rates and submit an application for coverage directly to Aetna. Each application is sent securely through SSL (Secure Sockets Layer), which is the standard online security technology.
As the only complete health insurance exchange, GoHealthInsurance can also connect shoppers with licensed agents in Michigan who can offer guidance and make plan recommendations. In fact, no other health insurance exchange has a larger network of independent agents than GoHealthInsurance.com.
The resources at GoHealthInsurance.com are especially advantageous for Michigan residents without coverage because they provide a no-risk, no-obligation way to compare free health insurance quotes with the option to purchase coverage online from a top carrier like Aetna.
Even Michigan residents who do already have health insurance, comparing health insurance options at GoHealthInsurance.com can result in lower premiums and more customized benefits. For example, health plans from Aetna can be as low as $91 a month for a 43-year-old male.
To avoid the burdens of increasing health care costs, residents in Michigan looking for a low-cost health insurance plan can explore coverage options free at www.gohealthinsurance.com.
About GoHealthInsurance
GoHealthInsurance.com makes buying health insurance simple. GoHealthInsurance explains health coverage options in plain English, provides free health insurance quotes, connects shoppers with local agents, and helps consumers choose plans that meet their health and budget needs.
Source : http://www.earthtimes.org/articles/show/residents-of-michigan-can-now,938461.shtml
Every day Americans across all state borders are searching for term life insurance quotes online. “A great myth regarding life insurance is that there is a cookie cutter approach that fits into every individual’s situation. The truth is actually the exact opposite. Every individual looking for a policy has very distinctive financial needs. Consequently, working with a consultancy like Paramount Life Insurance, you will be able to find the insurance product that will fit your needs and budget. Our firm works diligently to make certain that we find the most suitable life insurance policy for each and every one of our extraordinary clients,” noted Morgan Moran, of Paramount Life Insurance online.
AFFORDABLE TERM LIFE INSURANCE POLICIES
“Are you looking for a firm that offers over one hundred term life insurance carriers to help guard your family against financial misfortune? Whether you are looking for a cheap way to cover your mortgage debt with a term life insurance policy, or you need asset protection for your business via a key man life insurance policy, we will provide you with precise and steadfast life insurance information that will help you make an informed decision. We offer life insurance solutions that are specifically designed to your specification and goals,” Moran said.
Our consultancy, Paramount Life Insurance, extends access to life insurance solutions through its online Web portal. Consultants at Paramount are independent advisors that have access to wide array insurance solutions from all A rated carriers. Additionally, Paramount consultants have a great deal of experience in all types of term, universal, and whole life insurance policies. Ask your Paramount advisor what he can do for you.
Many clients we talk to start off with the question, how much affordable life insurance should I have on myself? The answer is that it depends. A single person without dependents may not need any insurance at this point. On the other hand, if you have a family, mortgages, income at risk, then you need to have life insurance. The best way to calculate how much you need is to calculate all the liabilities-income that would be needed to be replaced-possible college funding and then subtract the current assets on hand. This should give you a good ballpark of the amount that you should buy. We are happy to take you through a free analysis and make sure you have the right amount of protection, Vince Bagni said.
Should I buy term or permanent life insurance? That is a great question we get on a daily basis. The answer is that it depends. Term is obviously good for a period of time and permanent is more suited towards a permanent need for insurance. Term is initially less expensive and then its cost rises dramatically after the level period of the policy. Permanent starts off much more expensive, but remains level for the life of the contract and builds cash value. The cash value can be accessed on a tax free basis. Often times a blend of both types can be a great solution.
LEARN ABOUT LIFE INSURANCE TODAY
Paramount, http://www.paramountlifeinsurance.com/, offers a single source where their clients can find a customized life insurance solution. Our online website is a great place for consumers to shop term life insurance quotes. If you would like an in depth analysis regarding your current situation pleases contact one of our consultants to get answers to any questions you might have. “Yet again, we are a customer focused firm that realizes a cookie cutter approach to life insurance isn’t feasible. Our advisors stand ready to help anyone looking for the best life insurance coverage available in the marketplace,” Morgan Moran said. Our consulting service is at no cost to our clients. Feel free to learn more today!
vince@paramountlifeinsurance.com
www.ParamountLifeInsurance.com
Source : http://www.transworldnews.com/NewsStory.aspx?id=114332&cat=1
GoHealthInsurance.com Second-Largest Health Insurance Quoting Platform in the United States
CHICAGO – August 27, 2009 – GoHealthInsurance.com, the nation’s fastest growing online portal for health insurance, is now the second-largest platform for free health insurance quotes on the Web.
There are now more than 80 health insurance carriers on the GoHealthInsurance instant quoting platform. Using GoHealthInsurance technology, shoppers all over the country have the ability to view plans for fully integrated health insurance comparison shopping.
Even though GoHealthInsurance is the number two online quoting platform, it is the only complete solution for obtaining the right health insurance plan. In addition to instant quoting, shoppers can be connected with licensed agents to take advantage of advice from a trusted advisor.
Interactive tools for comparing plans and a detailed Information Center are also available on GoHealthInsurance.com.
Agents and brokers within the GoHealthInsurance Network are licensed with top companies including Aetna, many Blue Cross and Blue Shield companies, UnitedHealthOne, Humana and more.
GoHealthInsurance.com has been online for about two years, but the quoting technology behind it all was developed almost a decade ago. In 2001, GoHealthInsurance.com’s parent company Norvax, Inc. created its first “Quote Engine” which was the foundation for the technology available today.
“We’re constantly improving and updating our quoting technology,” said Rachel Fitzpatrick, Project Manager for Carrier Development at Norvax, Inc. “But the real purpose behind expanding GoHealthInsurance’s platform is to provide shoppers with the tools they need to make an informed decision about their health insurance coverage.”
GoHealthInsurance.com is recognized in the online community as a reliable resource for health plan shopping. You can find GoHealthInsurance.com with a simple search on any leading search engine for the term “health insurance quotes” or just “health insurance.”
To browse directly to GoHealthInsurance.com, visit www.gohealthinsurance.com to view health insurance quotes online instantly, get connected with licensed agents and apply for coverage directly through a top insurance provider.
Source : http://www.news4press.com/GoHealthInsurancecom-Second-Largest-Hea_487623.html
Life insurance quotes are very easy to get these days because of the advancements in technology and sites like http://orlando-life-insurance.org . You used to have to call up each term life insurance company or whole life insurance company after company, sit on the phone all day answering questions, and becoming more and more frustrated with the tedious task of trying to compare life insurance quotes. You now no longer have to do that.
A company recently launched an innovative website that allows you to search for life insurance rates simply by putting in your zip code and pressing go. Just go to the website ( http://orlando-life-insurance.org ) and type in your zip code, it doesn’t matter whether you are from Orlando or not, the website works throughout all parts of the United States. Just put in your zip code and it will filter out all of the most affordable life insurance rates in instantly. It’s that easy.
“I spent only a few minutes trying to pick out the best term life insurance policy or me and my family. I thought it would be much more difficult but I was really surprised at how easy it was with this website. I just put in my zip code and hit the go button and I had instant access to the best life insurance policies from the top life insurance companies available. It was very easy.” –Sarah. L.
Give you and your family some peace of mind by having a life insurance policy. If you are looking for a term life insurance quote, whole life insurance quote, American life insurance rates or you simply want cheap life insurance, than http://orlando-life-insurance.org will allow you to find a life insurance company that will give you a price you can afford.
“The site was setup very simple and it made it very easy to find a great term life insurance policy that fit my budget. I’m glad the website didn’t have a bunch of flashy banners and pictures. It was just straight forward and allowed me to get affordable whole life insurance and term life insurance quotes very quickly. Thanks for making is that easy!” –Brenda T.
Just put in your zip code below and press go! It’s that easy.
Source : http://www.news4press.com/Life-Insurance-Quotes-and-Rates-with-No-_486842.html
Home insurance quotes are very easy to get because of the launch of a new Orlando based website http://orlandohomeinsurancequotes.org . It doesn’t have to take all day to search for home owners insurance quotes because technology has made the process much easier. All you have to do is put in your zip code and press go to find the most affordable homeowners insurance rates in your area. It takes only seconds.
This new website is really changing the way people search for home insurance companies. You no longer have to call up each home owner insurance company after company, answer a bunch of questions and sit on the phone all day to compare home insurance quotes. All it takes is a few seconds to type in your zip code and the website will automatically filter out home insurance quotes in your area.
“I found a home insurance policy that gave me great coverage and fit my budget pretty well. It took much less time than I anticipated. I would recommend this site to anyone that is looking to compare home insurance quotes.” –Stan W.
It doesn’t have to be time consuming and tedious looking for home owners insurance quotes anymore. If you can type in your zip code at http://orlandohomeinsurancequotes.org and hit the GO button, you can have access to the most affordable home insurance rates available in just a few seconds.
“My family moved from California to Florida and we used to have a great California home insurance policy and I didn’t think we would be able to find an equally good one in Florida, but we found a very good Florida home insurance policy too. Both of these states are known for having natural disasters so I would recommend anyone living in those areas or just anywhere to find a home insurance policy that works for you. You never know when something could happen. I just wanted to let anyone know that finding a home insurance quote was very easy. Don’t put it off like I did!” –Sarah J.
It only takes a few seconds to find an affordable homeowners insurance quote. Put in your zip code and see just how easy it will be for you to find a great home owners insurance rate. It only takes a second.
Get Your FREE Homeowners Insurance Quotes At: http://orlandohomeinsurancequotes.org
Homeowners Insurance Quotes
Source : http://www.news4press.com/Home-Insurance-Rates-In-3-Seconds-from-H_486904.html
