2 - 27 - 2012
There are many people (and you might even be one of them) who view family insurance plans as entirely unnecessary. After all, the only person that really needs a life insurance policy is the person who “brings home the bacon” – right? Wrong.
Congratulations! You’ve just stumbled upon one of the biggest myths in all of life insurance. This is one that’s been around for quite some time, and the closer you look at it, the more mystifying it becomes as to how anyone could ever think it to be remotely accurate.
While it’s true that it’s critical to have a life insurance policy on the head of the household who’s responsible for bringing in the majority of the income, there’s just as great a value in a family insurance plan that covers your spouse or children – even if none hold a job.
6 - 4 - 2011
If you’re purchasing life insurance for the first time, selecting a life insurance company can be a confusing process. Here are three things to look for in a life insurance company.
- Life Insurance Policies Offered
If a company doesn’t offer the type of life insurance coverage you’re looking for—whether that’s a whole life insurance plan or affordable term life insurance—you’ll want to look elsewhere. Search life insurance company websites or call a representative to find out if a company has a policy to fit your needs.
- Stability and Reputation of the Life Insurance Company
A life insurance policy is a long-term investment. You want to be sure your money is safe, and that your life insurance company will cash in your policy under the agreed-upon terms. Check Better Business Bureau ratings and look for a company with a long-standing, solid reputation.
- Life Insurance Cost
You shouldn’t shop for life insurance based on cost alone, but it can be an important deciding factor. Make sure the life insurance company you select offers fair rates for the amount of coverage you need.