INTERCAMBIO DE ARMAS
Term life insurance has many advantages. But understanding term life insurance and its benefits means sifting through the myths surrounding it; and there are many myths about life insurance. These life insurance myths and misconceptions can result in too little coverage causing financial hardship for families suffering the loss of a loved one.
To avoid this from happening to you, we’ve taken a look at the most common misconceptions about life insurance to set the record straight–helping you to make the right life insurance choice for you and your family.
Myth #1: I don’t work outside the home so I don’t need life insurance.
False! Just because there’s no paycheck to replace, doesn’t mean life insurance is unnecessary. A life insurance policy that provides coverage for a stay-at-home parent isn’t so much about the money they bring in to the household, but instead about the money they keep in the household.
In fact, have you ever considered how much it would cost to pay for childcare and housekeeping in the absence of a stay-at-home parent? Don’t underestimate how much this would require, child care is expensive and is a growing cost.
Myth #2: I’m young so odds are I won’t need life insurance.
Some people are gamblers by nature and choose to take their chances by skipping out on life insurance completely. Although it is unlikely you’ll die during your working years, you’re not insuring for what’s likely to happen but instead, for the worst-case scenario.
That’s why term life insurance is inexpensive for young, healthy people. Buying life insurance now means you’ll be providing financial security without spending a lot of money for it.
What’s more you may even […]
APLICACIÓN WOWPI
Worried about the spiraling life insurance premium? We have enlisted 5 quickest ways to lower your life insurance premium. Well, keep these points in mind but do tread with caution and act prudently.
Shop around and Bargain
Shop, Compare and Bargain! Well, the oldest principle, old as dirt, but still going strong. Once decided on your coverage, don’t just sign up for the first plan that crosses your eye. Ensure that you shop around (internet is a great place to start) and get a feel of the market. This would help you to bargain hard and get the greatest coverage at the lowest possible price.
Opt for Term Life Insurance
The quickest way to lower your life insurance premium is to opt for Term Life Insurance policy instead of a whole-life policy. The idea is to keep insurance as what it is and not turn it into an investment product. Thus, you can get yourself insured under term life policy at the fraction of the cost of a whole-life scheme with typically the same coverage amount. However, do not forget that Term Life Insurance covers you only for a pre-defined period of time.
Keep yourself Fit
Be a low risk proposition for your insurance provider by maintaining a healthy lifestyle and keeping yourself away from addictions such as smoking, drugs and alcohol. A good health record will result in considerable reduction in your life insurance premiums.
Consult an Insurance Advisor
To reduce your life insurance premium, the easiest thing you can do is to consult a good Insurance Advisor. Since the advisor will be pro in the insurance marketplace, he or she would be able to get you to the most affordable deal in line with your coverage requirements. Essentially a good insurance advisor would compare different market rates for you and would also negotiate the best rates […]
INTERCAMBIOS DE SUEÑOS
There are many times when we have to go through bad times, which may involve physical injuries or financial losses. And in such times, insurance seems to be our only home. If you are not insured against uncertain risks, you have to bear the losses involved therein.
The Basic Concept of Insurance
In simple words, insurance is a concept which involves two parties; namely the insurer and the insured, also referred to as the policyholder. The insurer is the insurance company, whereas the policyholder is the one who avails the service. In this process, the policyholder has to pay a certain amount of fees as prescribed time intervals to the company. And in turn, the insurer agrees to bear the financial losses and expenses of the policyholder. Therefore, the risk of financial losses completely falls on the insurance company. The importance of insurance is considered in property loss in business, loss of life, substantial medical expenses, damage to automobiles in case of accidents, etc.
In Business
If you are thinking about the important of insurance in risk management, it protects the business from shutting down due to any kind of property loss. The losses can be incurred by a means of destruction suck as fire, floods, storms, and many other natural calamities. Financial losses can be covered that may arise due to a major theft. In addition to the property losses, business insurance is significant as it also may cover a part of the amount to be paid in case of losing to a lawsuit. This is no doubt the best way to protect the organization from major losses.