Globally, people are alert to the risk of travel after the recent Air France disaster and the Swine Flu pandemic.
Air France 447 crashed on May 31 600 miles from Brazil, killing all 228 passengers and crew on board. There will be ongoing investigation to determine the cause. Travelers are not able to stop accidents from happening, but they can be ready for unforeseen events.
The World Health Organization has declared a global flu pandemic. The swine flu (H1N1) virus has spread to 74 countries, after first emerging in Mexico in April. Reports put the figure of affected people at 28,000 globally, with 141 deaths. The swine flu is the first flu pandemic in 40 years. The last flu case in Hong Kong in 1968 killed one million people.
It sounds too good to be true or it sounds like some kind of gimmick right? Well, it is true and it’s known as return of premium term life insurance. This type of life insurance combines the value of term life (affordable and guaranteed level-premiums for 10, 20, or 30 years), as well as a return of premium feature.
Return of Premium Feature
So how does it work? Let’s say you buy a $250,000 20 year term policy, and let’s say your premiums are an even $100 per month. At the end of 20 years, you are still alive and well so the insurance company will send you a check for all the premiums that you paid into your policy. That’s $100 per month for 20 years, or $24,000. You can then… Continue reading
We all are looking for ways to save on our life insurance coverage because simply doing away with it is not an option at all. Lets look at some ways to save.
You usually have a choice between term and whole life insurance. If funds become a major issue, you can go for a term life insurance. When going for this, it would be good to go for one that has provision for upgrade to a whole life coverage when the financial situation improves.
The state of your health plays a very important part in the rates you pay on your life insurance coverage. A person who looks so sickly that it looks as if he or her days are numbered would certainly get much higher rates than someone who looks set… Continue reading
Shopping for a life insurance policy can be confusing and frustrating. There are many different types of policies with different rules and privileges. Premiums vary significantly across providers and product types.
One of the most popular types of life insurance is term life. It is straight life insurance without any of the bells and whistles. Whole life, on the other hand, usually carries an investment portion which grows in value and can be cashed out over time. Term life pays the face value of the policy at the time of death of the insured.
Term life insurance has both positives and negatives in comparison to whole life. On the positive side, the premiums are usually significantly lower because there is no investment portion. Many individuals with find that having a separate investment… Continue reading
Term Life insurance protects your family by paying benefits in the event of your death. When you purchase this, you make a legal agreement with the insurer or insurance company declaring that you pay your insurance every month and the insurer will pay your beneficiaries upon death.
A few people dislike the thought of life insurance, yet it is an important means of guarding your family against financial burden that can occur from estate taxes upon death.
The Two Types of Life Insurance
The two main kinds of of this are: term life and permanent. Term life and permanent insurance have their own particular kind of coverage for you and your family.
The most straightforward type is term life insurance. Term covers your loved ones for a certain… Continue reading