Life Insurance

Life Insurance Articles

Buying Insurance from Independent Insurance Brokers vs Direct Writers

No matter what type of insurance you need, navigating the available choices can seem like a big hassle. Perhaps the first decision you'll need to make is whether to use an independent insurance broker or a direct writer. What's the difference? Simply put, independent brokers and agents will work for you and connect you to insurance products from a wide range of companies. Direct writers work for one company, usually one of the "big name" companies like Geico, and only have access to that company's products. Some large companies like Liberty Mutual and Allstate make use of both independent agents and direct writers, but many employ only direct writers. In some cases, using a direct writer is the only way to purchase a policy from a particular company.

Buying Insurance at Costco, Sam's Club and BJ's Wholesale Clubs

Insurance provides peace of mind by knowing that when a disaster or illness strikes - you're covered. Peace of mind can be expensive though, especially if you live on a fixed or low income or have dependents to cover. Fortunately, with the help of mass retailers, there's a cheaper way to buy insurance plans from trusted providers.

Whole Life Insurance as an Investment - Benefits vs Drawbacks

Whole life insurance is a policy that pays a benefit upon the death of the insured, yet it also accumulates cash value. In other words, it is an insurance contract where you pay very high, yet level, premiums that is considered to be an investment and an insurance policy simultaneously. Though it will pay out a stated amount upon the insured's passing, because of its cash value, it can be withdrawn or borrowed against by the policyholder. But is whole life insurance considered a wise investment? Is it something that you should bother adding to your portfolio? The true answer is, "it depends."

How to Find an Insurance Lawyer

When you are facing an issue with your insurance company, it can be quite a difficult task engaging them in legal battles on your own. Whether it is a case involving your car insurance, health insurance, workers compensation or other type of insurance, you are better of hiring an insurance lawyer. The following are some tips on finding an insurance attorney.

Variable Universal Life Insurance
Variable universal life insurance is a unique type of whole life insurance that combines the features of variable whole life with the features of universal life insurance. In addition to the face value of this type of policy, you also have the ability to choose the funds the policy is invested in. The result is the potential to earn quite a bit of money above the face value, creating a powerful financial tool for savvy investors.
When Mortgage Life Insurance is Better Than a Term Life Policy
Mortgage insurance is a special type of policy that pays off your mortgage if you die. In most cases, mortgage life insurance pays directly to the mortgage lender, which means the policy has a diminishing payout over the course of the mortgage. For some people, mortgage life insurance may be available in situations where other types of insurance are not, making mortgage life insurance more accessible to a broad range of needs.
Mortgage Life Insurance
Protecting the home your family lives in is important, and mortgage life insurance is designed to perform that task. Before you purchase the policy, you should familiarize yourself with what a mortgage life insurance policy does. Mortgage life insurance is not the only option, and your family's specific needs and budget should be considered carefully.
Comparing Term & Whole Life Insurance Quotes
Comparing life insurance quotes will help you get the most coverage for your premium dollar. When you start using life insurance quotes, you will quickly understand the truth in the saying that not all policies are created equal. Life insurance is a long term financial contract, and taking the time to compare quotes and policy details will save you money for years to come.
Getting Cheaper Life Insurance Rates
The cost of life insurance is going to vary significantly from one person to the next. Getting cheaper life insurance means buying the policy as early as you can, shopping for a company you can count on, and taking proactive steps to make insuring less risky. Here is a short list of discounts and other ways you can get cheaper life insurance.
Final Expense Life Insurance
Final expense insurance is a special kind of whole life insurance. Also known as funeral expense insurance, this type of policy is usually issued for relatively low values, and pays directly to the funeral home named in the policy. As a way to take the burden of your funeral and burial costs off your family, this plan can be ideal, but it will not provide much, if any benefits to your surviving family members.

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Whole Life Insurance Quote

There are several types of life insurance policies available to those looking to look after their family in the event of their death. The main benefit of a whole life policy is that the payout is guaranteed. Whole life insurance quotes are usually higher than those for a term policy, but comes with several benefits such as the fact that you will be guaranteed a payment, it relieves any worry of not being insurable as you age, you can borrow against the policy and if you cancel your whole life policy, you are entitled to be paid the cash value of that policy and it can be useful in estate planning.

Whole life insurance coverage can be utilized as an investment vehicle since future value is guaranteed and a portion of your premiums get placed into an tax-deferred cash value account. Before purchasing a policy, you should consult with a financial advisor to better understand the costs and benefits of whole life insurance.

To learn more about whole life policies and to receive a free whole life insurance quote, complete a quote request form and you'll be matched with knowledgeable life insurance agents that can help answer any questions you may have.

Term Life Insurance Quotes

Term life insurance, as opposed to whole life, insures you for a finite period of time. This insurance, sometimes referred to as "temporary" insurance, is typically sold to portect you for 10, 15, 20 or 30 years with 20 years being the most common. Generally, term life insurance provides the best bang for the buck protection compared to other types of policies and makes the most sense if you're looking to ensure your family is protected in the event of your death. Unlike whole life insurance, a term policy does not accumulate any sort of cash value and any premiums paid are strictly used for the cost related to the coverage.

Determining the amount of life insurance you should purchase is an inexact science. However, using a life insurance calculator or simply multiplying your yearly income are two ways of getting a quick idea. The best method is to speak with an experienced life insurance professional who can help you determine how much life insurance is right for you to meet any financial obligations you or your loved ones may have if you die unexpectedly.

Whether you're looking for whole life insurance quotes or term life insurance quotes, be sure to research all of your options. Compare life insurance quotes from several agents and ensure that your select a company that gives you low rates but also has the financial stability to pay for the policy when it comes time to collect. Getting free life insurance quotes from US Insurance Agents is the first step in protecting your loved ones. Complete a quote request and get in touch with an agent today.