Over 6 percent of insured homes will have a claim this year, and every new sunrise brings another 16,000 reported auto accidents. Modern life is risky business, but with the right personal insurance options, you can protect your family against a myriad of risks. Insurance of any type is the transfer of risk from an…
How much life insurance do I need? You can customize any of the fields to match your situation. Budget to provide income replacement, pay off debt, or both. Just follow the simple tips for each field. Rate of return on investments is not used by the life insurance calculator because many investments aren’t liquid and rates…
With so many types and variants of life insurance available, life insurance can be a complicated topic. Fortunately, term life insurance is easy to understand, and in most cases, term life insurance is the right choice to meet the needs of many families. What is Term Life Insurance? Term life insurance is income replacement —…
Mike S. from NJ asks, “How much term life insurance do I need?” There’s an old-school rule that says when purchasing a term life insurance policy you should buy a policy equal to 10 times your annual income. This strategy may work in some cases, but the issue of providing for your loved ones is…
Many insurance agents provide transparency and share details of the process when you request a quote or bind a new policy. Other insurance agents are keeping information from you. Full disclosure regarding the process of writing an insurance policy might not move the sale forward smoothly. It’s easier and often better for sales to keep…
[bctt tweet=”Your insurance agent may cringe at the the thought, but term life insurance isn’t for everyone.” via=”no”] Many people have good reasons to purchase life insurance, but some people don’t need it or will find only a minimal benefit in its purchase. While this is true for both whole life insurance and term life…