Term Life Insurance
by: Gary Tallon
Term life insurance is a life insurance product that pays out a cash lump sum upon death of the insurance policyholder or at the point that the insurance policyholder is diagnosed as terminally ill. But, despite it being a low cost term life product - insurance cover can be acquired from as little as ?5-?10 per month - surprisingly few of us have term life insurance in place.
For people with a mortgage and family to support, not having a term life insurance policy exposes them to a large financial risk. This risk becomes apparent when you consider how the mortgage and household bills would be paid if the main income producer were to die or to become terminally ill. The end result could be that loved ones who are left behind find their home is repossessed because they cannot keep up the mortgage repayments.
Some people prepare for such an eventuality by taking out a mortgage life insurance policy. This is all well and good for covering off the remainder of the mortgage loan, but where will the money come from to pay the gas & electricity bill and the council tax bill every month, let alone the money needed to cover the policyholder's funeral expenses? It is at this point that a term life insurance policy becomes very useful indeed.
If you don't have a term life insurance policy in place, here are some sobering reasons why you should consider taking out a term life policy now?
? CANCER - One in three people will develop cancer at some point in their lives. Research into cancer is of course ongoing, and one day some cancers may be curable. In the meantime a term life policy offers income protection for loved ones left behind in the event of terminal cancer diagnosis and death from cancer.
? HEART DISEASE - Heart and circulatory disease accounts for more than 35% of all deaths in the UK each year. The number of people dying from heart and circulatory disease is on a falling trend, but the number of people becoming morbidly obese is increasing, and so may reverse this trend in the near future. Term life policies can be configured to pay out if cause of death is heart-related.
? MRSA (SUPERBUG) - The death rate from the MRSA superbug has doubled in the last 4 years. MRSA is a bacterial infection that is resistant to antibiotics. It commonly causes death in people with weak immune systems, and so easily spreads amongst the sick & old in hospital wards. Many life insurance policies pay out if the cause of death is MRSA related.
? AVIAN FLU (BIRD FLU) - Recent comments by the Society of General Microbiology in the UK sparked controversy when they estimated that 2 million people in the UK could die from a highly infectious strain of mutated Avian Flu. If you are worried about Avian Flu check with the life insurance agent to see if their term life policy covers such an eventuality.
About The Author
Gary Tallon has been in the finance industry for over ten years, and is now working for PowerInsurance.com, leading providers of life insurance http://www.powerinsurance.com products.
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The Ins and Outs of Long-Term Care Insurance
The Ins and Outs of Long-Term Care Insurance
by: M. Sanders
If you aren't considering the purchase of long-term care insurance as part of your retirement planning, then your plan isn't complete. I'm not saying everyone needs long-term care (LTC) insurance, but I am saying you need to educate yourself about the issues and decide how you want to address those financial concerns.
According to a recent MetLife survey, the average cost of a private nursing home room is about $70,000 per year.
The average stay in a nursing home varies by the type of condition that put you in the facility. For example, those who suffered strokes require an average of 21 months of care, those with cancer average 36 months, and those with Alzheimer's average 96 months. There are a dizzying array of options and features you'll need to understand if you are thinking about buying an LTC policy.
What daily benefit will you need?
The higher the daily benefit,...
The Ins and Outs of Long-Term Care Insurance
Term life insurance > The Ins and Outs of Long-Term Care Insurance
Business Insurance
Business Insurance
by: Joseph Kenny
There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation.
There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt for separate coverage. Such a policy is called a business owners? policy (BOP). Larger companies may purchase a commercial package policy.
BOPs include property insurance for buildings and equipments owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.
There are liabilities, which cover the company's legal responsibility...
Business Insurance
Term life insurance > Business Insurance
Car Insurance: Types of Insurance You Need to Understand
Car Insurance: Types of Insurance You Need to Understand
by: Sara Chambers
America has become a culture of cars, SUV?s, minivans and sports coupes. With all this traveling in and out, back and forth around the maze that is the United States infrastructure, its easy to understand why auto insurance is required in order to own an operate a car. For car buyers, an effort needs to be made on the part of insurance companies to provide information on the different types of auto insurance available. These include bodily injury and liability, collision, comprehensive, full glace, liability, medical coverage, personal injury protection, and underinsured or uninsured motorist.
Liability insurance coverage is imperative to have as a driver. This insurance covers any injuries or damages to property that may occur during an accident. Two types of liability include bodily injury liability insurance and property damage liability insurance.
Medical...
Car Insurance: Types of Insurance You Need to Understand
Term life insurance > Car Insurance: Types of Insurance You Need to Understand
Save Money On Young Driver Car Insurance
Save Money On Young Driver Car Insurance
by: Katy Lassetter
A study recently released has revealed that the average driver in Britain will be involved in a car accident every six and a half years.
When balanced out, that equates to every individual being the victim of nine accidents during their life. It seems a truly staggering statistic, and one that most people are unlikely to walk away from without suffering an injury at some point.
Even if you manage to avoid damaging yourself in all nine accidents, the likelihood is that your car will come off slightly less healthily. And that?s why there?s such a need for proper car insurance cover.
The Government have announced that they want to cut the number of car accidents by 40% by 2010, a big target but one that they feel is achievable. With driving tests becoming stricter, it is the young drivers of Britain who are being tasked with realising the objective; after all, they are the...
Save Money On Young Driver Car Insurance
Term life insurance > Save Money On Young Driver Car Insurance
Life Insurance vs Life Assurance
Life Insurance vs Life Assurance
by: Joseph Kenny
People spend a lot of money on complicated financial products and it is sometimes difficult to keep track of what products perform what tasks. Many people are not aware of all the financial products that are available or they only know of them vaguely. They may not know how much they cost or the potential benefits they offer. How can consumers make informed decisions on what products they would be willing to buy if they do not have this basic information? This problem can often lead to consumers buying unsuitable of overpriced products simply because they feel they should have some financial protections available but don?t have the details to make an informed choice.
One of the common questions many consumers have is regarding the difference between insurance policies and assurance policies. Put simply, insurance policies cover the costs of an event that might happen while assurance policies...
Life Insurance vs Life Assurance
Term life insurance > Life Insurance vs Life Assurance
Where To Find Cheap Health Insurance
Where To Find Cheap Health Insurance
by: Bob Hett
Health insurance costs are rising all the time. Many people feel they cannot afford health insurance. Others feel that they don?t need it because they are healthy and have never had any major medical problems. This is definitely faulty thinking on their part. As a matter of fact, you do need health insurance, and there are a lot of ways to get affordable health insurance for yourself or your family. Health insurance is protection against the possible health problems that could happen in the future, and you have absolutely no way of knowing what those might be.
For people who are low income, every state has a Medicaid program that they could possible qualify for. The requirements vary form state to state, but all it takes is a trip to your local Division of Family Services office to get an application. You might be surprised at the number of people who would actually qualify for this service that...
Where To Find Cheap Health Insurance
Term life insurance > Where To Find Cheap Health Insurance
Viatical Settlements, Or Life Insurance Settlements
Viatical Settlements, Or Life Insurance Settlements
by: Donald Lusan
When I first heard of viatical settlements, or life insurance settlements, I shuddered at such a dastardly idea. I even put into words my deep feelings. You see I spent many years in the life insurance business and have seen the product work for the betterment of so many. I could not conceive of a pleasant result when one deprives the beneficiaries of what was due them. I guess I had not given the idea much thought, thus my extreme response.
Although I still do not feel it right to deprive beneficiaries of their life insurance proceeds so that an insured can get his or her hands on the proceeds of policies during their lifetime through life insurance settlements with investors, after much study and deep thought I can only conclude that there are situations where this is, not only justified, but is absolutely necessary.
If you bring into the picture the unfortunate person...
Viatical Settlements, Or Life Insurance Settlements
Term life insurance > Viatical Settlements, Or Life Insurance Settlements
Keeping your Computer Spyware Free for Free
Keeping your Computer Spyware Free for Free
by: Mitch Johnson
As the threats of spyware continue to spread the means computer users must take to protect themselves and their computers from spyware infections become more difficult. A legitimate attitude among many computer uses is that the spyware should not have been installed on their computer without permission in the first place, therefore why should internet users be forced to pay for its removal. Although...
Keeping your Computer Spyware Free for Free spyware Term life insurance Term Life Insurance
Term life insurance > Keeping your Computer Spyware Free for Free
Getting to Know Your Digital Color Printing
Getting to Know Your Digital Color Printing
by: Kristine Llabres
Digital simply means the implausible high resolution printing result of the files that you have from your computers. Since it is always better to use original things rather than the copied ones for the authenticity and originality is there. And that was digital printing will do to you. The number of copies would solely depend on you, your needs and desires.
Color attracts the customers and...
Getting to Know Your Digital Color Printing Term life insurance photo printer
Term life insurance > Getting to Know Your Digital Color Printing
Don?t Knock Taking Your Employer Stock
Don?t Knock Taking Your Employer Stock
by: Ken Morris
Don?t Knock Taking Your Employer Stock
Given the growth of employee-employer savings to meet retirement goals, it is not uncommon for employees to have a significant amount of employer stock in their qualified retirement plans. When it comes time for employees to leave the nest, most are willing to directly rollover all qualified plan assets into a traditional IRA. A traditional IRA rollover offers...
ira Term life insurance Don?t Knock Taking Your Employer Stock
Term life insurance > Don?t Knock Taking Your Employer Stock