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Life Insurance Your Complete Guide To Life Insurance
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Do You Really Need Life Insurance? Life insurance is one of those taboo subjects for normal, casual or friendly conversation. Whenever people, however, develop a life threatening illness, have a close encounter with another vehicle on the highway, or otherwise find themselves in a situation where they are likely to be rated or declined by an insurance company, they suddenly develop a desire for a good life insurance policy. To give credit where credit is due, there are some thoughtfully disciplined people who give their portfolios regular review and make certain they have adequate coverage at all times. I want so much for all people to think like the disciplined ones. In my career as a life insurance agent I bent backwards to persuade such people to keep their life insurance up to date. I have seen the difference between an adequately insured breadwinner at death, and one who barely had enough life insurance to bury him. The latter situation is quite painful to observe. I, therefore, think it is imperative that everyone take the time to evaluate and understand what life insurance really can do. Ask yourself this question, "do I need life insurance and why do I need it." If someone, be it your wife, your children or your business partner, depend on you in any way that can be seen as a financial dependency, then you do need life insurance. In the case of premature death your family will need money to pay your last expenses, like outstanding bills, funeral expenses, attorney's fees, medical bills and estate taxes. The businessman will need life insurance to fund a "buy sell" agreement, to pay off outstanding debt, or may be to keep the company afloat while they find a replacement for a deceased valuable employee. I implore you to look at the following situations which will help you decide whether or not you need life insurance. So just try to relax and objectively as you can evaluate the situation for yourself.
One Parent Only Working The ideal situation is to have sufficient funds which would allow the surviving parent not to work at all, during the formative years of the children. They can live in the same house, they can continue in the same school, and when the time comes to enter college, they go to the college of their choice. A good insurance policy is an excellent tool that you can use to take care of these things.
Both Parents Working
Single Parent
Partnership Or Corporation It may be desirable by all parties concerned that the beneficiary of the deceased partner become a full and active partner, if this is the situation then the funds can be used as a cushion while the new partner or shareholder learns the business and adjusts to his or her new role.
Key Employee For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has studied the work of all of the greats from Ben Feldman and Frank Bettger to Joe Gandolfo. He has represented some of the largest and best life insurance companies in the United States as well as Canada. His advice is invaluable.
Donald website is life insurance hub |
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Read The Latest News About Life Insurance Below
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Oregon woman sues life insurance company over claim (Seattle Times)
The wife of a Eugene man who died in a kitchen accident is suing his life insurance company. Michele Vinson says the company is ... Widow sues over unpaid life insurance (KGW NewsChannel 8 Portland) EUGENE, Ore. (AP) -- The wife of a Eugene man who died in a kitchen accident is suing his life insurance company. Michele Vinson says the company is refusing to pay because David Vinson had been drinking that day. She is seeking $1.3 million from Hartford Life and Accident Insurance Co. Her husband was home alone last April 12 when he apparently dropped a domed glass cake cover. It shattered, a ... Life insurance industry is for faster pace of change in the use of technology (News-Medical-Net) The long-term outlook for the life insurance industry is for a faster pace of change, particularly in the use of technology. That was the conclusion of a survey of top industry executives by LOMA. Ore. woman sues life insurance company over claim (Herald and News) Posted: Thursday, March 11, 2010 11:27 pm | Updated: 1:03 am, Fri Mar 12, 2010. The wife of a Eugene man who died in a kitchen accident is suing his life insurance company. Michele Vinson says the company is refusing to pay because David Vinson had been drinking that day. Giving Up Smoking Can Reduce a Life Insurance Policy by up to 43PRWeb via Yahoo! News) Smokers who have been inspired to quit following the national No Smoking Day on Wednesday could see significant financial benefits from kicking the habit in addition to the improvements to their health. Those who have taken out life insurance cover to protect their families could save up to 43% on their monthly premium costs, which could add up to thousands over the life of a policy term ... |
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