Tag Archives: Life

Life Insurance Made Simple: How To Find The Right Policy

Life Insurance Made Simple: How To Find The Right Policy

When you need to protect your family’s financial situation, life insurance makes a lot of sense. Many employers offer group life insurance or your financial adviser can recommend a quality company. Life insurance can also be purchased from online sources, but it’s important to do your homework so you know what to buy.

If you are considering purchasing life insurance you may want to look into possible coverage that is already offered by your employer. It’s common for employers to offer basic life insurance plans at good rates for their employees. You should make sure that the coverage is adaquate for your needs and purchase supplemental policies if additional coverage is desired.

A great tip to potentially save money on life insurance is to choose a term policy with a “conversion to permanent”� clause. This means you can switch this term insurance policy into a permanent one with no more medical exams. This can save you money if you have sudden health problems while your term insurance policy is still active.

To save money on your life insurance policy, it is important to understand how insurance companies and their associates make a profit. Insurance agents and financial planners that work on commission, are only paid if they sell you an insurance product, while fee based planners earn from sales, as well as fees.

Although term life insurance covers you for only a specified period of time, it does have some benefits that may make it the right choice for you. Term life insurance is vastly cheaper than whole life insurance, costing hundreds of dollars a year rather than thousands. It is flexible in that you can choose to be covered for as few as 5 or as many as 30 years with coverage ranging from 0,000 to millions. For short term needs, such as children graduating from college or a mortgage being paid off, term life insurance is ideal, especially if whole life insurance is not in your budget.

When you are looking into life insurance, you will want to determine how much coverage you will need. While there are online calculators that will help you find a more exact figure, the easiest way to determine the amount of coverage you need is to take your annual salary and then multiply that number by eight.

If you have minor children, purchase enough life insurance to offset their expenses until adulthood. The loss of your income could have a significant impact on your children’s lives, and life insurance can help close the financial gap. This affects not only day-to-day expenses, but also those larger ones like college costs.

Make adjustments on your plans as needed. Life changes to your policy can greatly affect it. Things that can cause a change to coverage, include marriage, divorce, birth of a child or the beginning of caring for an elderly parent. You could even reach a point, most likely after your kids reach adulthood and your retirement amount is achieved, where you could stop life insurance coverage altogether.

Life insurance can help you sleep at night, knowing your family is well-provided for, if something should happen. Finding the right life insurance for you involves an assessment of your personal needs. Decide on the level of coverage you need and start making inquiries. Life insurance is more affordable now than ever.

Common Mistakes To Avoid When Purchasing Term Life Insurance

Common Mistakes To Avoid When Purchasing Term Life Insurance

When purchasing term life insurance, there are a number of factors to consider. Consumers should make certain they understand the concept of term life insurance and make purchases accordingly. Here are a few of the most common mistake people make when buying term life insurance policies:
1. Buying a term life insurance policy because it is inexpensive. While the price may be cheap, you must make sure that the policy will meet your life insurance needs.
2. Failing to realize that term life insurance is temporary. A term life insurance policy will only be in effect for a set period of time. After that time expires you will need to renew, and if your health has deteriorated in that time it may be very difficult for you to obtain another policy.
3. Purchasing life insurance from an unknown or unstable insurance company. If the insurance company you choose does not have at least an A rating, walk away and look elsewhere.
4. Buying life insurance from an over-anxious agent. If the agent does not take the time to ask questions and understand your needs, end the conversation immediately and find a different agent.
5. Failing to review your policy on a regular basis. Changes in your life, your employment, and your finances can affect your life insurance needs. Take the time to analyze your situation from time to time to determine if your insurance needs have changed.

So Much Life Insurance Info So Little Time

So Much Life Insurance Info So Little Time

Saving money on life insurance can be simple. It can be as easy as checking quotes from different agents in order to find the best one. You can save huge amounts of money, making your life insurance more affordable by researching rates and prices. Read our tips to get the most for your money.

If you are considering purchasing life insurance be sure to seek the advice of a professional. There are many tricky things about life insurance, including the vocabulary used in policies. Be sure to ask the advice of someone that you trust and is educated in the area so that you know what you are buying.

Be honest about any health conditions or smoking habits when you are purchasing life insurance. In the event of your death, if it is discovered that you withheld information, your insurance company could deny benefits to your loved ones. In the long run, it’s not worth the risk to withhold the truth.

When choosing between term life insurance and whole life insurance, take a few moments to write down the pros and cons of each on a sheet of paper. Add them up and think about what you really want and anticipate in terms of a life insurance plan payoff. Your choice will depend greatly on your age, the state of your health, your lifestyle and your income.

You will want to consider what you are willing to pay for your life insurance policy. Term life policies are typically more expensive than other types. Term life does have the advantage of being an easier and more dependable payout. Be careful to not end up under-insured because of costs.

A great way to save money on life insurance is to get yourself in better shape before you buy a policy. Quitting smoking, losing weight, and lowering your blood pressure can all help to reduce your premiums. Having a physical before you apply for life insurance can make sure that there are no unpleasant surprises waiting for you.

Get the best rates in life insurance by being healthy. If you exercise, eat right, don’t smoke, drink or do drugs,don’t participate in dangerous activities and get a clean bill of health from your doctor, you are likely to live a very long time. That makes you a good risk and earns you lower life insurance rates.

Do not forget to adjust your life insurance whenever big changes happen in your life. Marriage, disability, divorce, deaths of family members, having children, or providing care for an elder can all impact your life insurance needs. Talk to your insurance agent or company as soon as these changes arise to find out how to adjust your policy or create a new one.

As you can see, finding affordable life insurance can be a pretty simple task. With our tips, you will be a well-informed insurance consumer and pay less of your hard earned money for your life insurance policy. Doing your homework can pay off, by way of spending less on insurance.

You Are Sure To Find Great Tips About Life Insurance

You Are Sure To Find Great Tips About Life Insurance

Many people feel they have things taken care of by having that one life insurance policy through their work. However, in most cases, it is a ,000 policy which will maybe take care of the funeral expenses and then where will your loved ones be? This article can help you to consider important measures that you need to take to plan ahead.

Make adjustments to your life insurance policy as needed. Your situation will change throughout the years, and so will your life insurance needs. Though a single bachelor might only need a few thousand dollars, a married man with three children needs much more. Evaluate your life insurance policy regularly to ensure that your loved ones have the protection they need.

Do not dismiss life insurance because you are young and healthy. If you can afford it, buy life insurance as early as possible. This will allow you to secure low rates and save you a lot of money in the long term. If you choose a term life policy, you will be able to invest your money again when you get it back.

When considering the purchase of life insurance think about how your life insurance needs will change over time. For example, if you do not have children your life insurance would only need to cover the costs of your funeral and maybe a small amount to cover what your partner has lost for a short time.

You need to ensure you know the vocabulary associated with life insurance before you start your search for the best policy. Become familiar with terms like cash value, dividends, premium, annual escalation, etc. You will be able to make a much smarter choice if you are familiar with insurance terms and able to evaluate the pros and cons.

Steer clear of special policies that will take care of specific costs when you die. For example, mortgage insurance will pay off the remainder of your mortgage when you die, leaving your spouse or descendants with a free and clear home. Instead, just figure this amount into the balance of your life insurance policy.

Before purchasing life insurance it is critically important that you research the different types of insurance policies available and select the policy that is best suited for you and your family. There are a wide variety of insurance policies available for purchase. The four major types of insurance are term life, whole life, universal life and variable universal life.

When purchasing life insurance, remember that insurance agents make much higher commissions from whole-life policies than they do for term policies. The cost of whole-life insurance is much greater, thus agents are pressured to push you toward buying these policies. If you know that term life insurance is the best deal for you, stick to your guns and resist high-pressure sales tactics–or buy online to avoid them.

As revealed earlier in this article, most life insurance policies issued through employers are a basic ,000 policy. That will be enough to pay for your funeral, if you are lucky. That will leave your loved ones in a financial lurch at a time that they are already emotionally devastated. By implementing the advice in this article, you can take steps to leave your family a secure future.

Life Insurance Is A Commodity You Can’t Live Without

Life Insurance Is A Commodity You Can’t Live Without

If you are looking to purchase a life insurance policy, it’s best to be prepared for questions that an agent will ask you. You will need to have certain financial and medical information ready, in order to decide what type of coverage you and your family will most benefit from.

Be aware of the financial situation of the life insurance company you choose. Many times life insurance companies have offered great low rates, just to end up going bankrupt. If your life insurance goes bankrupt, you lose not only your life insurance coverage, but the money you invested in it.

When you are planning on purchasing a life insurance policy, select an independent broker. Independent brokers can generally offer more selection in terms of policy and cost than a broker who works exclusively for a specific insurance company. Company brokers are limited to the products their company sells, and may also be pushed by the company to recommend a particular product.

Reassess your life insurance policy each year. Do not just buy it and forget about it. An increase or a decrease in your personal worth may cause you to want to reduce or increase your coverage. There are calculators online that can help you decide the amount of coverage to keep.

If you have a family that depends on the income that you provide, you should purchase life insurance. This will protect your loved ones by providing some income in the event that you pass away unexpectedly. Life insurance is for those that survive you. So if you care about your family, purchase life insurance for yourself.

Speaking with an independent broker about your life insurance policy options is a pretty good way to avoid the company’s sales pitch. A private broker will always have access to many more policy options, meaning that you will have a much wider range of life insurance policies to choose from.

More men subscribe to life insurance than women. But women can benefit from life insurance too. If you are an active woman with a job, subscribe to life insurance so that your family can keep their standards of living. If your job is the primary source of income for your family, you should definitely get life insurance.

Find out if your employer offers life insurance to its employees. These employer-paid benefits may help, but may not be enough to cover your family’s living expenses if you died suddenly. You may need to buy extra life insurance to make sure they are able to survive without your income.

Get yourself a policy that has a “conversion to permanent” clause. This refers to the fact that at any time, the policy holder can switch their term insurance into permanent insurance without further medical exams. While this may not save money at first, it will eventually save money if you start suffering from poor from health problems before the policy runs out.

There are many options for life insurance coverage. It’s wise to research on the internet a bit to discover the choices available. Life insurance coverage is not a one-size-fits-all option. You must also do a bit of educated guess work to determine what you will need, in case of a loss.

Balancing Your Work, Family and Social Life

Balancing Your Work, Family and Social Life

Many of us have an image of personal balance as a set of scales in perfect balance every day. But that’s an unrealistic goal. You are in for a lot of frustration if you try to allocate within every day a predetermined portion of time for work, family and your social life. An illness may upset all your plans. A business project may demand peaks of intense work, followed by valleys of slow time.
Balance requires continual adjustments, like an acrobat on a high wire who constantly shifts his weight to the right and to the left. By focusing on four main areas of your life – emotional/spiritual needs, relationships, intellectual needs and physical needs – at work and away from work, you can begin to walk the high wire safely.
Here, drawn from my conversations with many high successful Americans, are ten ideas for balancing all aspects of your life:
1. Make an appointment with yourself. Banish from your mind the idea that everyone takes precedence over you. Don’t use your organizer or calendar just for appointments with others. Give yourself some prime time. Regularly do something you enjoy. It will recharge your batteries. Once you’ve put yourself on your calendar, guard those appointments. Kay Koplovitz founder of the USA cable television network, which is on the air 24 hours a day, seven days a week, 52 weeks a year. Koplovitz ran the daily operations of the network for 21 years. For more than two decades, there was always some potential claim on her time. Therefore she vigilantly protected a scheduled tennis match just as she would a business appointment.
2. Care for your body. Having a high energy level is a trait held by many highly successful people. No matter what your present level of energy, you can increase it by following these steps:
Eat. Don’t skip meals. Your physical and mental energy depend upon nourishment. Irregular eating patterns can cause a frayed temper, depression, lack of creativity and a nervous stomach.
Exercise. Over and over again, highly successful people mention the benefit of exercise routines. Johnetta Cole, president of Bennett College for Women and former president of Spelman College, does a four-mile walk each morning. She calls it her mobile meditation. The benefits of exercise are mental, emotional, physical and spiritual. If you are healthier and have more stamina, you can work better and longer.
Rest. A psychologist who has studied creative people reports that they rest often and sleep a lot.
3. Cut some slack. You do not have to do everything. Just the right things. Publisher Steve Forbes taught me a lesson: “Don’t be a slave to your in-box. Just because there’s something there doesn’t mean you have to do it.” As a result, every evening, I extract from my long list to-do list just a few “musts” for the following day. If, but three o’clock the next day, I’ve crossed off all the “musts,” I know that everything else I do that day will be icing on the cake. It is a great psychological plus for me.
There is nothing wrong with pushing yourself hard, disciplining yourself to do what needs to be done when you hold yourself to the highest standards. That builds up stamina and turns you into a pro. At time, though, you must forgive yourself. You will never become 100 percent efficient, nor should you expect to be. After something does not work, ask yourself, “Did I do my best? If you did, accept the outcome. All you can do is all you can do.
4. Blur the boundaries. Some very successful people achieve balance by setting aside times or days for family, recreation, hobbies or the like. They create boundaries around certain activities and protect them. Other individuals who are just as successful do just the opposite. They blur the boundaries. Says consultant Alan Weiss, “I work out of my home. In the afternoon, I might be watching my kids play at the pool or be out with my wife. On Saturday, or at ten o’clock on a weeknight, I might be working. I do things when the spirit moves me, and when they’re appropriate.”
Some jobs don’t lend themselves to this strategy. But blurring the boundaries is possible more often than you may think. One way is to involve people you care about in what you do. For example, many companies encourage employees to bring their spouses to conferences and annual meetings. It’s a good idea. If people who mean a great deal to you understand what you do, they can share more fully in your successes and failures. They also are more likely to be a good sounding board for your ideas.
5. Take a break. Many therapists believe that taking a break from a work routine can have major benefits for mental and physical health. Professional speaker and executive coach Barbara Pagano practices a kind of quick charge, by scheduling a day every few months with no agenda. For her, that means staying in her pajamas, unplugging the phone, watching old movie or reading a novel in bed. For that one day, nothing happens, except what she decides from hour to hour. Adds singer and composer Billy Joel, “There are times when you need to let the field lie fallow.” Joel is describing what farmers often do: let a plot rest so the soil can replenish itself.
6. Take the road less traveled. Occasionally, get off the expressway and take a side road, literally and figuratively. That road may take you to the library or to the golf course. Do something out of the ordinary to avoid the well-worn grooves of your life. Try a new route to work, a different radio station or a different cereal. Break out of your old mold occasionally, with a new way to dress or a different hobby. The road less traveled can be a reward after a demanding event, a carrot that you reward your self with or it can be a good way to loosen up before a big event. Bobby Dodd, the legendary football coach at Georgia Tech, knew the power of this concept. While other coaches were putting their teams through brutal twice-a-day practices, Dodd’s team did their drills and practices, but then took time to relax, play touch football and enjoy the bowl sites. Did the idea work? In six straight championships games!
7. Be still. Susan Taylor, editorial director of Essence, sees to it that she has quiet time every morning. She regards it as a time for centering – for being still and listening. She keeps a paper and pen with her to jot down ideas that come to her. The way you use solitary time should match your values, beliefs and temperament. Some individuals devote a regular time each day to visualize themselves attaining their goals and dreams. Others read, pray, meditate, do yoga or just contemplate a sunrise or sunset. Whatever form it takes, time spent alone can have an enormous payoff. Achievers talk about an inner strength they find and how it helps them put competing demands into perspective. They feel more confident about their choices and more self-reliant. They discover a sense of balance, a centeredness.
8. Be a peacetime patriot. Joe Posner has achieved wealth and recognition selling life insurance. Several years ago, Posner helped form an organization in his hometown of Rochester, NY to prepare underprivileged children for school and life and, he hopes, break the poverty cycle. You may find some equally worthy way to give something back through your church, hospital, civic club, alumni association or by doing some pro bono work. Or you may help individuals privately, even anonymously. There are powerful rewards for balancing personal interests with the needs of the common good. One of the most wonderful is the sheer joy that can come from giving. Another reward is the better world that you help create.
9. Do what you love to do. As a boy, Aaron Copeland spent hours listening to his sister practice the piano because he loved music. By following that love, he became America’s most famous composer of classical must. When I asked him years later if he had even been disappointed by that choice Copeland replied, “My life has been enchanting.” What a word to sum up a life. By itself, loving what you do does not ensure success. You need to be good at what you love. But if you love what you do, the time you spend becoming competent is less likely to be drudgery.
10. Focus on strategy. As important as it is, how to save time for balancing your life is not the ultimate question. That question is, “What am I saving time for?” Strategy has to do with being successful – but successful at what? If others pay your salary, being strategic generally means convincing them that you are spending your time in a way that benefits them. If there is a dispute over how you should use your time, either convince the people who can reward or punish you that your idea about using time is appropriate, or look for another job. The “what for?” question should also be asked about the life you live. It is truly a comprehensive question and gets at the question of wholeness.
So what makes for a successful balance life? I can think of no better definition than the one given by Ralph Waldo Emerson:
To laugh often and much; to win the respect of intelligent people and affection of children; to earn the appreciation of honest critics and to endure the betrayal of false friends; to appreciate beauty, to find the best in others; to leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition; to know even one life has breathed easier because I have lived. This is to have succeeded.