Wednesday, December 21, 2011

Have you looked into life insurance?

Being a parent changes everything in your life, doesn't it? You go from thinking about yourself to thinking about someone else all the time, at least if your like me, in an instant your entire life suddenly revolves around this one special little person and you want to be there for them every moment of every day, and while they're young you usually can be (luckily!) - But we all worry, and we all want to be able to take care of our kids, even where we're gone, right? Well that's where life insurance comes in.

What is life insurance?
Quite simply, life insurance is a contract between you and an insurer, in which the insurer promises to pay a designated beneficiary a sum of money, or "benefits" upon the death of the insured person. The real advantage for having life insurance  is peace of mind, by knowing that your loved ones will be taken care of should something ever happen to you.

Who needs life insurance?
Most Americans need life insurance. If you pass, life insurance can help your family meet important financial needs like daily living expenses, funeral costs and college funding. To sum it up, If someone will suffer financially when you die, you need life insurance. The best way to figure out if you need life insurance is to ask yourself how your loved ones would take care of themselves and other costs when your gone.

How Much Does Life Insurance Cost?
How much you'll be paying always depends on your age and health and the size of the benefit you want. The younger and healthier you are, the less your premium will be. Just as an example (rough estimate) a healthy 40 year old man that buys a 20 year level term policy, that has a fixed annual premium, will probably pay about $350 a year to secure a $500,000 death benefit, whereas A healthy 50 year old man who buys the same policy could pay $1,000 a year and if he waits until he's 60 the policy can cost about $3,000 a year.

Aptus Insurance

Aptus Insurance focuses on finding the right policy for their customers, and they work with the most respected insurance providers in the nation, offering top quality insurance to fit into your budget. By making things easy, enjoyable and clear they make the online shopping experience hassle free and easy to do.Want a  free quote? it's fast and easy!, just fill out one simple online form. They also have great parenting tips on their new parents personal finance guide. Sometimes finding the right policy can be difficult, but one of the most common types of insurance people purchase is Universal Life Insurance because it is a permanent form of insurance, with no expiration date, and the policy will not automatically end . So you might want look into universal plans.

Disclosure / This is a Class A post, to read the Class A disclosure policy please click here. All opinions (negative or positive) are always my own and 100% honest.


michel smith said...
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Katy said...

I had to have life insurance a while back when I owned my own company and it was part of the terms of my bank loan. Since then I haven't thought much about it for myself. This is good info and I'm glad you got me thinking about it!

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