LIFE INSURANCE ADVICE: CHEAP LIFE INSURANCE OR BEST VALUE
LIFE INSURANCE ADVICE: CHEAP LIFE INSURANCE OR BEST VALUE
If you love your family, you need to make sure that they are well-cared for should something happen to you – death or disability. Getting a life insurance policy is one of the best ways to ensure continued care for your family should you die while you still have dependants in your care. Unfortunately, life-insurances are amongst the first policies to be cancelled once people are in a bad financial state. This while Life insurance firms/brokerage firms say that most people are under-insured. Statistics also indicate that some of the insured people are also over-insured. This is a big balance problem and is a huge information and financial management issue.
What to look for in a good life insurance
In her book “Women & Money: Owning the Power to Control Your Destiny
1. You need to be ensured for at least 20 times what your beneficiaries need per year. That 20 times represent the number of years your kids may need support from you – so you can make it less depending on how long they will need support.
It doesn’t help to just go for “cheap life insurance”, you have to shop around for the best value. But you also need to be open-minded because sometimes the cheapest life insurance can provide the best value.
Go for a life insurance that pays off even while you are still alive. For instance, you may not need to be heavily insured after 20 years, when your kids would probably be financially independent – so do your homework, compare products and scrutinize them carefully before hopping in …
FINANCIAL ADVICE: DEBT COUNSELING
GET A LIFE INSURANCE INSTEAD OF INVESTING MONEY IN A GET RICH QUICK SCHEME
IF YOU ARE MAINTAINING CHILDREN, YOU ALSO NEED LIFE-INSURANCE
COPING WITH GRIEF
FEAR OF DYING
BUILDING A HOME AS A COUPLE
