term insurance / 3 posts found

Smart About Term Insurance

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Term life insurance is “pure insurance” because when it only provides a death benefit to the beneficiaries. In contrast, permanent insurance such as whole life, and universal life, has cash value, but makes is more expensive. Term insurance is less expensive because it provides a specific death benefit, without the costs of an embedded investment.

5 Myths About Life Insurance

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There are a lot of myths and misconceptions when it comes to life insurance. It is always best not to assume certain myths as facts. Mistakes made when buying life insurance have long-lasting consequences, which may not be fixed.

You need to choose the life insurance that is right for you. Thus, it is best to avoid these five common myths:

Life Insurance – Do You Really Need It?

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Does your family depend on you financially? This is especially important if you are the sole breadwinner of the family. In case your family depends on you, then you need to know that your family is taken care of, if you pass away prematurely, or if you outlive your retirement benefits. With today’s weak economy, more and more people have been trying to “cut corners” to help save on their budgets. However, saving on life insurance premiums could be jeopardising your family’s future.