Life

[caption id="attachment_895" align="alignleft" width="150"] How Much Life Insurance Do New Parents Need[/caption]New parents will experience a seemingly endless set of changes in their lives, not the least of which are the financial changes and new financial responsibilities that arise. For new parents who just had their very first child, the issues that arise can seem overwhelming. One of the first things new parents will need to do is purchase life insurance. The process for taking out new life insurance policies is straightforward, but almost as soon as you begin you’re faced with a single question that will end...

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Getting married will change many things in both your and your spouse’s lives. You’ll likely spend a lot of time, effort and money planning for and having your wedding, and even more time, effort and money setting up your new household. Combining two lives into a single venture can certainly take some getting used to. In addition, getting married can change what the two of you need to do with respect to your insurance requirements. Remember that insurance is the foundation of a secure personal financial scenario, and it should be one of the first things you reexamine whenever there...

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The birth of a child is certain to be one of the most significant events in your life. If it’s your first child, you’ll also face significant changes to your lifestyle. And as you might imagine for something so important, it involves a lot of planning. Many of the things to plan for, such as prenatal medical care, your child’s nursery, and childcare responsibilities, are certain to be on your planning checklist. But what about insurance? As with any other significant change in your life, having a baby can significantly alter your insurance needs. Here is a checklist of points...

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Many things will change when you first enter your retirement years. You’re likely to face adjustments to your income, your expenses, your daily routine and your overall lifestyle. One important issue you’ll have to consider is whether you’ll keep your life insurance. People traditionally purchase life insurance in order to provide financial security to their family if they die. Because the financial protection from life insurance is meant to be a replacement for lost income, some people think it might not be appropriate to continue coverage after retirement. Here is some life insurance advice to help you decide whether you...

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There are many different ways that people do their estate planning. Generally speaking, estate planning is how a person plans to pass on their accumulated wealth to family and heirs after they die. A significant amount of wealth can be passed along by naming beneficiaries to their investment accounts, 401(k)s and IRAs, by writing a well, as well as holding homes and other real property jointly with whomever the property should pass to. Another important way of estate planning, although it’s often overlooked, is using a life insurance policy for estate planning purposes. Some types of life insurance policies even...

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We usually purchase our first life insurance policies when we get married or when we start to have or adopt children. The main reason for getting life insurance, of course, is to ensure that the dependents of the insured person will have continued financial security after the insured individual passes away. But does that mean that once the insured person retires, and the kids have moved out of the house, that there’s no longer any need for life insurance? The answer to that question isn’t quite as straightforward as you might think. Instead of assuming that life insurance is no...

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Online shopping has become the preferred method for many people looking to buy different kinds of products and services. It’s difficult to deny, for example, the effect that the Internet has had on the purchasing habits of consumers of books and music. But you can also shop for plenty of other products and services online. Perhaps surprisingly, life insurance is one of the things that you can now shop for online. But like buying just about anything else, you need to make sure that you sufficiently educate yourself about the buying process, and what you need to look for. Here is some...

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Of all the expenses in your budget, one that sometimes seems the most opaque is your cost of insurance. Chances are you pay for insurance to cover your home and car, as well as health insurance and life insurance. There are a variety of options for each type of coverage, so it’s important to make sure that you have the right kind of coverage, and that you aren’t paying too much for it. Not surprisingly, the best way to research and compare your different insurance policy options is using the Internet. There are many sites and resources available to you...

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Life insurance is something that too many of us do not have enough of. Some have no coverage whatsoever, while others have only small policies that might barely cover their final expenses. You need enough life insurance to pay funeral expenses, pay off debts, and make sure your dependents are taken care of when you’re gone. If you don’t have enough coverage to take care of these things, it’s time to apply for it. Don’t worry, it’s not as difficult or unpleasant as you might think. Here’s some information and advice on what you can expect when applying for a...

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Life insurance isn’t something that most of us like to think about. But if we want to make sure that our loved ones are taken care of when we’re gone, it’s something that we should consider carefully. Here's some advice you need to consider. An alarming number of people have no life insurance, and many others don’t have as much as they should. Those who are able to get life insurance through their employers often do so, but these policies rarely provide adequate coverage. Most offer a death benefit of $10,000 to $25,000, which is barely enough to pay your...

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