Articles by Denise Mancini on ArticleSnatch.com

Tough Times? Tips to keep your life insurance policy from lapsing

Fri, 03 Feb 2012 05:41:51 -0500

This harsh economic climate is home to several shocking trends, one of which is this fact: Only 44% of households have an individual life insurance policy, while 30% have no individual or group life insurance whatsoever (survey by LIMRA, an industry-sponsored group). This is the lowest level in 50 years, making everyone concerned about how to keep up coverage for themselves and their loved ones. Lapses in payments usually occur due to financial conflicts because of job loss, business losses, divorce payouts, or the onset of debilitating illnesses with large medical bills. According to the 2007 US Individual Life Insurance Persistency Update by LIMRA and the SOA (Society of Actuaries), lapse rates figure at 3.5% on whole life (WL) policies and go up to almost 7% on term insurance. Insurance companies do not look kindly on multiple lapses. Only a few companies overlook past lapsed policies when underwriting a new one; most include a stringent review of reasons for your past lapses. Because underwriting an entirely new policy is an expense to the company (agent commissions, medical check-up), lapses make you a liability to the company. **End Summary** Topics: term life insurance rates]]> term insurance]]> term life]]> term life insurance quote]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

The Benefits of Including Riders in Your Life Insurance Policy

Fri, 03 Feb 2012 05:39:11 -0500

In this age of customization and personalized deliverables, you should expect no less from your life insurance policy. Most policies are constructed with a basic framework in mind; you pay a premium (periodically or at one time) and should you pass away while the policy is still in effect, your beneficiaries can access the death benefit tax-free to pay off expenses such as funeral costs, and pending loan or mortgage repayments that will lapse without your income. The condition is, as long as you’re making payments regularly and on time, your life insurance policy will continue to cover you. Not everyone’s needs are cut out to be so simple. Sometimes the need for additional protection through regular life insurance is very tangible early on. This is why life insurance policies have riders. A rider is a provision attached to life insurance that is purchased in addition to a basic policy. Most riders need to be paid up-front when first purchasing the policy, while others can be added on later. Talk to your insurance company to find out how this works in your case. **End Summary** Topics: term life insurance rates]]> term insurance]]> term life]]> term life insurance quote]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986, it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Marriage & Divorce

Fri, 03 Feb 2012 05:38:15 -0500

Life insurance professionals and financial advisors recommend reviewing your life insurance policy at least once every year with good reason. The amount of coverage you need changes constantly, and the two events in a family that herald the most amount of change are marriage and divorce. These two events are significant in their occurrence. It’s understandable if you’re not thinking about life insurance at the very moment you’re tying the knot or breaking it. Always keep life insurance on your mind for good reasons; you don’t want to be caught unprepared when the worst happens. Changes in life insurance for newly-weds: As the responsibilities of a life lived together now start to take form, the first realization is that your needs are growing, both individually as well as collectively. When you perform a needs analysis as a newly-wed, try and reflect on the addition and multiplications in your life, such as a new house, a shared car or a baby on the way. Providing a comfortable shelter for future plans is imperative, no matter how far away in the future they seem at the moment. **End Summary** Topics: term life insurance]]> term life insurance quotes]]> best term life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Life Insurance can do more â¦ Discover the perks of a life insurance policy!

Fri, 03 Feb 2012 05:37:13 -0500

Everyone would agree that life insurance is a self-explanatory term. You buy life insurance on yourself so when you die; your loved ones are able to use the death benefit in the policy to pay for expenses that they incurred with your passing away. These expenses include funeral costs, loss of income, pending loans and payments. Life insurance is essential to a family’s financial plan. The hardship of providing for present and future needs is multiplied dramatically when a life is devastated by grief. However, very few people know that a life insurance policy can do much more than income replacement in the case of death. If you understand the types of life insurance policies available and learn how to use them to your advantage, you can cover so much more with your policy. Let’s start with the simpler form of life insurance or LI: term insurance. Term insurance is the cheapest type of LI available and is marked by its simplicity in structure and payments. Term LI guarantees you coverage for a stipulated period, and will pay out the death benefit to your beneficiaries if you die before the term is over. **End Summary** Topics: term life insurance rates]]> term insurance]]> term life]]> term life insurance quote]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Benefits of Converting Whole Life Insurance into an Annuity

Fri, 03 Feb 2012 05:36:08 -0500

Everyone would agree that life insurance is a self-explanatory term. You buy life insurance on yourself so when you die; your loved ones are able to use the death benefit in the policy to pay for expenses that they incurred with your passing away. These expenses include funeral costs, loss of income, pending loans and payments. Life insurance is essential to a family’s financial plan. The hardship of providing for present and future needs is multiplied dramatically when a life is devastated by grief. However, very few people know that a life insurance policy can do much more than income replacement in the case of death. If you understand the types of life insurance policies available and learn how to use them to your advantage, you can cover so much more with your policy. Let’s start with the simpler form of life insurance or LI: term insurance. Term insurance is the cheapest type of LI available and is marked by its simplicity in structure and payments. Term LI guarantees you coverage for a stipulated period, and will pay out the death benefit to your beneficiaries if you die before the term is over. **End Summary** Topics: term life insurance]]> term life insurance quotes]]> best term life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Understanding Convertible Term Life Insurance

Mon, 26 Dec 2011 02:14:05 -0500

The Top Five Reasons People are Turned Down for Life Insurance

Mon, 26 Dec 2011 02:09:26 -0500

Life insurance companies have the right to deny coverage to any life insurance applicant based on your mortality rate. A high mortality risk means that you may die soon and life insurance companies don’t want to run the risk of insuring you and then immediately having to pay out claims to your beneficiary. The lower your mortality risk, the better your chances of getting a life insurance policy and being eligible for lower premiums. If you’re wondering whether you could be denied life insurance here’s a list of the top five reasons why life insurance carriers may deny coverage. Pre-existing health conditions Depending on severity of your pre-existing health condition, life insurance companies may deny coverage or hike up premiums to those with known health problems. According to the Health and Human Services analysis of January 2011, about 129 million Americans under the age of 65 have pre-existing health conditions such as heart disease, cancer, asthma, high blood pressure, diabetes, arthritis or other conditions that may decrease life spans. Older Americans are more prone to such health risks and about 48 to 86 percent in the age bracket of 55 to 64 already live with a pre-existing health condition. **End Summary** Topics: term life insurance]]> term life insurance quotes]]> best term life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buyingterm life insurance as easy as possible for its customers.

Life Insurance â FAQs about Designating Beneficiaries

Mon, 26 Dec 2011 02:03:50 -0500

How hard could it be designating a beneficiary to your life insurance policy? Not too hard, but it is important to give this careful thought to make sure your beneficiaries receive their death benefits quickly after you die. You may be surprised to know the number of life insurance policies that lie unclaimed because a beneficiary could not be located! According to the New York Times (February 25, 2011), millions of dollars lie with the State because of policies that have not yet been claimed. And while the State and the life insurance industry prosper through unclaimed policies, heirs to your insurance policy sadly will never receive the benefits even though you had been diligent in paying premiums. That’s why it is important to make sure you’ve done all you could do to make sure your beneficiary receives death benefits in a timely manner. We’ve provided a list of common questions pertaining to beneficiaries to help you in the process of designating your beneficiaries on a life insurance policy. What is a beneficiary? A beneficiary is the recipient of the proceeds of your life insurance policy. Life insurance companies ask you to list primary and secondary beneficiaries. **End Summary** Topics: term life insurance rates]]> term insurance]]> term life]]> term life insurance quote]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Can I Sell My Life Insurance?

Mon, 26 Dec 2011 02:02:29 -0500

If you don’t need life insurance any more, selling your life insurance through a life settlement is definitely a more appealing proposition than letting your policy lapse or surrendering it for a pittance. This secondary market for life insurance was declared totally legal when the Supreme Court declared that a life insurance policy is an asset and as such, is transferable for value. Since then viatical settlements have been questioned: are they a win-win situation for all concerned or a dark incentive for murder since a total stranger now has a vested interest in your death? Viatical settlements became popular in the 1980s when AIDs patients started selling their life insurance policies in order to pay for their continuing treatment. Since mortality rates for AIDs were high at the time, it was just a matter of time before those purchasing these policies were likely to cash in on a neat tidy profit for themselves. What is a Life Settlement? Viatical settlements, or life settlements as they are now called, is a transaction that involves selling your life insurance to a perfect stranger for a price. **End Summary** Topics: term life insurance]]> term life insurance quotes]]> best term life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing affordable term life insurance quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Can I Buy Life Insurance at Age 70?

Mon, 26 Dec 2011 02:01:00 -0500

The main objective of a life insurance plan is to replace loss of income should an earning member of the family die unexpectedly. So if you’re a retired 70-year old, do you really need life insurance? This article will help you explore the reasons why the elderly may find buying life insurance the perfect solution to their financial woes. Over 70? Why You Should Buy Life Insurance! The weakening economy. The economic downturn has unsettled us all. For some of us, nest eggs have dwindled overnight. Concerns loom over the future, whether savings would suffice for future needs and what you can do to solidify your nest egg to ensure financial security. This is the primary reason why the elderly, today, are buying life insurance. Consider these questions: Will your savings last to allow you and your spouse to live comfortably for the rest of your lives? In the light of a shaky economic climate, can you really count on Social Security and other government welfare programs to provide you with the kind of quality healthcare you desire? Would a surviving spouse have the financial resources to live a financially independent life? **End Summary** Topics: term life insurance]]> term life insurance quotes]]> best term life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

The Benefits of Simplified Issue Term Life Insurance

Mon, 21 Nov 2011 02:34:41 -0500

Simplified Issue Term life insurance is often called quick issue or guaranteed term life insurance. As the name suggests, the process of getting coverage is simplified. Instead of going through a lengthy process that requires applicants to under a medical exam, applying for simplified issue term life insurance only requires answering a few health and lifestyle questions. Who benefits from such policies? People who suffer from a chronic illness, obesity, work in high-risk occupations, or receive government assistance as well as those who would not qualify for traditional life insurance coverage. Some people just don’t like diagnostic tests or are afraid of needles but still need life insurance coverage. Almost anyone can be eligible for simplified issue term life insurance! Advantages of Simplified Issue Term Life Insurance You don’t need to go through a medical exam. However, there will be health and lifestyle questions that you need to answer honestly. Any dishonesty or discrepancy could lead to cancellation of your policy, or worse, if it is discovered after you die, your family may not receive death benefits from the life insurance company. You don’t have to wait long for your Simplified Issue Term Life Insuranceto be effective. **End Summary** Topics: life insurance]]> term life insurance]]> term insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Low-Cost Life Insurance Companies

Mon, 21 Nov 2011 02:33:17 -0500

The life insurance industry has changed significantly over the years. Rates have come down drastically and today many life insurance companies are even willing to accommodate people with impaired health and offer coverage to just about anybody! Of course, the higher the risk you pose to insurance companies, the greater the premiums you will have to pay. The brighter side to all this is that no matter what kind of risk you pose to a life insurance company you’ll probably find a company willing to offer you coverage. We’re talking about people who have had bouts with cancer or major surgery, live with diabetes or heart disease. People with such impaired health risks were denied coverage in the past, but today, you’ll find companies not only willing to cover them but cover them at affordable rates. According to life insurance statistics, over 90 percent of those who apply for life insurance are able to receive coverage. The reason why the small ten percent is denied coverage is because of a history of substance abuse or their engagement in high-risk sports such as sky-diving or car racing. **End Summary** Topics: life insurance]]> term life insurance]]> term insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies.

Long Term Care Insurance Options

Mon, 21 Nov 2011 02:30:31 -0500

Long term care insurance is an expensive proposition for most people, so it’s worth taking the time to consider all the facts and options available before you sign on the dotted line and start paying premiums for a long term care insurance policy. First of all, not everyone will need long term care, but the threat is real which is why you may find yourself reading this article. Is an LTC policy worth the premiums you would have to pay? This is an individual choice based on your personal circumstances and health, but here are a few points to help you make your decision: Nearly two-thirds of the people over the age of 65 will need long term care. Your personal medical history, family health history and your current profile may be an indication of whether you would need long term care in the future.1 As the world turns more global, families are dispersed across the United States and in some cases, settling into jobs overseas. This leaves the elderly without any family assistance close by should the need for care arise. **End Summary** Topics: life insurance]]> term life insurance]]> term insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies.

If Youâre Single, Do You Need Life Insurance?

Mon, 21 Nov 2011 02:27:43 -0500

Singles in their twenties and early thirties represent the new generation of thinkers. Armed with Internet speed, social media smarts, and a desire to invest their money where it counts, a life insurance product is one of the smartest decisions singles will make. Times are changing and the status of being “single” is more common now than it ever was. Some prefer the opportunity to pursue a successful career. Social media networks allow us the benefit of maintaining relationships with friends, making new acquaintances and interacting virtually while never having to give up the comfort zone of being single. In fact, statistics show that there are more people single now than married. More Singles Choosing Life Insurance While more and more people choose to remain single, it does not mean they have no dependents. Dependents could be kids from a previous marriage, a previous spouse or a current live-in partner. Singles that die leaving a mortgage behind, a student or business loan would leave the guarantor of the loan a financial debt which could put them through some hard times. It is therefore extremely important for singles to consider life insurance. **End Summary** Topics: buy life insurance online]]> compare life insurance rates]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Five Myths about Life Insurance

Mon, 21 Nov 2011 02:25:09 -0500

Many people don’t know enough about life insurance and therefore fall easy prey to myths and fallacies about life insurance that just aren’t true. Not knowing what or who to believe, a lot of people are afraid of buying life insurance for fear of being duped by an agent into buying a policy they don’t really need. What are some of the myths about life insurance you should guard against? Below we’ve called attention to a few you should be aware of if you want to make the best life insurance decisions. Myth 1: Everyone needs a life insurance policy! Contrary to what agents would have you believe, not everybody needs life insurance! If you don’t have any debts to pay, no dependents who rely on your income for their livelihood, and enough in your bank account to pay for your funeral and cover your liabilities, chances are you don’t need life insurance at all. However, if you have a large estate which may be liable to estate taxes after you die, buying a life insurance policy could help offset those taxes that a legal heir of your property would have to pay. **End Summary** Topics: term life insurance]]> term life insurance quotes]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.

Understanding the Benefits of Term Universal Life insurance

Tue, 25 Oct 2011 07:40:48 -0400

Term life insurance is popular because it is one of the cheapest types of life insurance offering the maximum amount of death benefits for the most inexpensive premiums. However, a major problem with term life insurance is that no one can accurately predict whether you will need life insurance at the end of the term period. If you’re still alive at the end of the term period, that’s great news but outliving your term policy does put people in a dilemma especially if they need an extended coverage period. Such people have basically three options before them: Extend their term period agreeing to pay the higher premiums Search for a more affordable term life policy. If you’re not in the best of health at this time, you’re looking at life insurance rates that could put a big hole in your pocket. Be left without any insurance at all The Solution – Term Universal Life But what if you could find a policy that offered a combination of term and universal life (UL) insurance? This type of crossbreed product would allow consumers to pay guaranteed level premiums for a pre-determined time frame. **End Summary** Topics: term life insurance]]> term life insurance quotes]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Term Life Insurance â Leaving Your Benefits to a Charity

Tue, 25 Oct 2011 07:38:00 -0400

A beneficiary is the designated recipient of the proceeds of your life insurance benefits. Your policy can be designated to a single beneficiary or have multiple beneficiaries. Life insurance beneficiaries are typically spouses, children or grandchildren. A life insurance company is obligated to issue death benefits to the person listed as the beneficiary listed on your life insurance policy. It is therefore extremely important that you update this information if there are changes in your life that would require you to change beneficiaries. For instance, if you re-marry, the name of your new wife must be incorporated on the policy itself. Changing beneficiaries is easy to do and you can talk to your life insurance company directly about how to change the beneficiary on your life insurance policy. Leaving an inheritance through a life insurance policy is traditional. But suppose your family has all the money they need? Suppose they really don’t need the death benefits and you want to consider leaving your death benefits to your favorite charity? You figure that would be your contribution to make this world a better place to live in for posterity. **End Summary** Topics: term life insurance]]> term life insurance quotes]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies

Life Insurance for Pregnant Women

Tue, 25 Oct 2011 07:36:08 -0400

Starting a new family and planning how to shoulder this new responsibility brings to mind questions about life insurance and the necessity of purchasing a life insurance policy before the arrival of their new bundle of joy! Most women think about life insurance only when they are pregnant, but after reading this article, you might want to consider the advantages of buying life insurance even before you get pregnant. Do pregnant women have to pay higher life insurance rates? What kind of life insurance rates can pregnant women expect? If you’re pregnant and seeking life insurance, you’ll soon find that life insurance rates for expectant mothers are higher than those who are not pregnant. Why? Pregnancy is associated with higher mortality rates and therefore attracts higher premiums. In fact, some insurance companies may defer coverage 6 to 8 weeks until after you have delivered. There are some life insurance companies that may even offer preferred rates for pregnant women but if you suffer from any of the complications mentioned below, you’re likely to attract higher premiums: Women who have had health complications in a previous pregnancy. **End Summary** Topics: term life insurance]]> term life insurance quotes]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Getting Accelerated Death Benefits from Your Life Insurance

Tue, 25 Oct 2011 07:34:17 -0400

If you or your loved one has been diagnosed with a terminal illness, you know that bills for medical treatment and out-patient expenses can run beyond your capacity to pay. Health insurance can take care of certain expenses, but not all of them. What can you do when you fall short of money to make the necessary payments required to give your loved one the comfort and medical attention needed to improve his/her condition? What are Accelerated Death Benefits? Fortunately, those who have life insurance have a clear option. You can easily apply for accelerated death benefits on your policy. Accelerated death benefits are an advance of your death benefits which would normally be given to your beneficiary. But since death is imminent for the policyholder and life insurance companies realize that you could use the money to advance your treatment options, to convalesce in a more comfortable environment, or use the money to personally make sure your family’s finances are taken for—they provided a gracious provision that allows you access to the money before you die. Accelerated death (ADB) benefits were initially offered in the 1980s to terminally ill AIDS patients. **End Summary** Topics: term life insurance]]> term life insurance quotes]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates.

Breast Cancer and Life Insurance

Tue, 25 Oct 2011 07:32:09 -0400

If you’re a breast cancer survivor – congratulations! You’ve been through some rough times and while you may never have thought of life insurance before, the ordeal of dealing with cancer and the brevity of life may have forced you to think more intensely than ever before about the possibility and consequences of your own death and the difference a life insurance policy could make for your family. While the loss of losing a loved one can never be compensated, you have the opportunity to provide them with the finances necessary to fulfill their goals, dreams and ambitions. In fact, buying a life insurance policy may be one of the most practical ways you can say “I love you”. Breast Cancer and Life Insurance Quandaries Many women with a history of breast cancer never look for a life insurance policy because they assume they are either uninsurable or think they could never afford the premiums. But times are changing. There are several life insurance companies that understand your appreciation for the value of life and the necessity of having a life insurance policy in place. **End Summary** Topics: buy life insurance online]]> compare life insurance rates]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Should I Buy Life Insurance for my Child?

Tue, 11 Oct 2011 03:30:35 -0400

Buying life insurance for your child is one of the biggest dilemma parents will face. To buy or not to buy? Most parents are confused and don’t know what to do. To compound the dilemma, some life insurance agents will make parents feel guilty for not buying a child life insurance policy by telling them it is unloving. Let’s get this straight. You love your children, but the proof is not in buying them a life insurance policy. Whether you want to buy a child life insurance policy or not, the choice is totally up to you. Consider some of the pros and cons and decide what’s best for your family. Buy life insurance for yourself first. Parents, who don’t have a life insurance policy, should not purchase life insurance for their children. Life insurance is meant to replace the income of an earning family member when that person dies unexpectedly. It provides the family with living expenses that allow the family to live in the same comfortable lifestyle they were used to. Life insurance is meant to protect the children and safeguard their future; not the other way around. **End Summary** Topics: free life insurance quotes]]> life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

How to Calculate Your Life Insurance Coverage

Tue, 11 Oct 2011 03:29:19 -0400

Most people know they need life insurance, but just how much coverage they need can be a mystery. Experts will say that you should purchase 10 to 20 times your annual income but this is a generalization and since life insurance needs will depend on your personal financial situation, you’ll need to do a little more work to arrive at the ideal coverage. Calculating your coverage You can also calculate coverage the easy way by using an online life insurance needs calculator. But here’s a simple way to manually calculate your personal life insurance needs: Start with your annual income before tax deductions. From your annual income, calculate the percentage of income your family needs for living expenses. This figure should not include the amount you put into savings. How many years do you think your family would need to be covered before they are able to financially fend for themselves? Determine the number of years you would like your benefits to cover and multiply this number with living expenses. Add annual inflation rates to this amount. Deduct annual interest rates from this amount. **End Summary** Topics: free life insurance quotes]]> life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Five Ways to Keep Your Life Insurance When You Canât Afford Premiums

Tue, 11 Oct 2011 03:27:40 -0400

Tighter budgets and a slumping economy—two reasons why more and more Americans are allowing their life insurance policies to lapse. According to a survey conducted by LIMRA in 2010, the life insurance research group headquartered in Windsor, Connecticut, about 35 million American households are not covered by life insurance. The study shows that more than 40 percent of Americans don’t consider life insurance a priority and would rather spend their premium amount on what they consider to be more “necessary” expenses. But before you decide to relegate life insurance to the bottom of your priority list think about why you bought life insurance in the first place. Rather than forfeiting your life insurance policy, consider the advantages of keeping your life insurance policy and the kind of options you have for making your policy affordable, even in hard economic times. Allowing your policy to lapse could cost your family thousands of dollars extra so don’t be penny-wise and pound foolish. No one knows when an unfortunate incident may strike your family. **End Summary** Topics: free life insurance quotes]]> life insurance]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers.

Do You Have Enough Disability Insurance

Mon, 10 Oct 2011 07:21:54 -0400

What is your most valuable asset? Most people will say it’s their house, or their car, but not many consider their income to be their most valuable asset, and yet without an income none of us would be able to make payments on a house or a car. So just like we insure our home, and our car, we should protect our income with disability insurance. Disability insurance will provide you with 65 to 70 percent of your income when you suffer from a disability due to an illness or an accident. It’s an important safety net and yet one which is very often neglected. People who suffer from a disability will tell you how easily and quickly the cost of recuperating at home can eat into your life savings. While your medical or health insurance will cover costs of surgery, or in-patient health care services, it will not cover costs of medication and therapy when you are at home recuperating from an illness or accident. Nor will it replace income lost due to absence from work. Is your workplace disability insurance enough? **End Summary** Topics: term insurance]]> term life]]> term life insurance quote]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozen

5 Reasons to Consider Long Term Care Life Insurance

Mon, 10 Oct 2011 07:19:11 -0400

One of the main reasons people don’t purchase long term care (LTC) insurance is because the premiums are expensive and they think the gamble of paying all that money against the probability of needing long term care is just not worth it. Many people who have purchased long term care insurance a decade ago have allowed their policy to lapse since premiums have doubled in some states in the past seven years. Premiums can range from $2,500 to $5,000 per year which explains why there has been a significant drop in sales of new long term care insurance policies. Why should I purchase long term care insurance? The baby boomer generation makes up about 25 percent of the U.S. population. That’s about 77 million people. By the year 2020, about 33 percent of the population will be in their 60s. Two-thirds of those over the age of 65 will need long term care at some point during their lifetime. Here are five reasons why you need to purchase long term care life insurance. There’s a good chance you might need long term care insurance. According to information from the U.S. **End Summary** Topics: free life insurance quotes]]> life insurance]]> life insurance rat]]>]]> About the Author: ]]> About AccuQuote: AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing th