One of the most common reasons to buy life insurance is to replace income if a spouse dies. … That’s a great reason and one that makes a lot of sense if your family depends on your income. But there are other times when life insurance can be a smart thing to have. For business ...
Think of Term Life Insurance as “temporary” insurance – cheap and cheerful.It is good for a defined Term, the most common term being 10 years.At the end of the term, it automatically renews, but at significantly higher rates.If you were to instead cancel and apply for a new insurance...
Lose a spouse Retire Life insurance in your 20s As much as it may not seem like it at the time, buying life insurance is often a smart and financially responsible move in your 20s. Life insurance rates when you’re young and healthy are usually the cheapest they’ll ever be, and buying...
After getting married six years ago I realized that the life insurance is important because while my wife earns a good salary – death of a spouse is a life altering event. I felt that it is important to have a financial safety net there for the transition – maybe the stress forces my ...
‘ sums up my thoughts on insurance in general very well – you should only purchase insurance to protect you from somethingreallysignificant. Examples include the death of a spouse that you depend upon for income or care, your house burning down, and needing serious medical care. After that,...
We view life insurance as a means to provide for dependents in the event of an early demise – specifically, toreplace the income of the deceased. My mother, a former insurance agent, views life insurance as an investment vehicle, which I think she reallyhadto believe in to be able to ...
One of the attractive features of buying a house in North Cyprus is the variety of prices and its cheap price compared to European countries. This country has become one of the most popular tourist destinations for Europeans, and due to the low price of buying property in North Cyprus, many...
spouse passed away, she would be blocked from ever accessing that money ever again. As her family attorney explained it, this single life event triggered the ownership of the real estate holdings to revert to her spouses child. Nothing in California law could give my friend access to that ...
I figure that there are 3 strategies with disability insurance. 1) Insure for catastrophe- just enough to pay the mortgage so you don’t have to sell the house in a down market, can still send a child to public school instead of private etc. Spouse may have to work a little harder, ...
Analyzing the Right Time for You to Buy Life Insurance Steps to Take if You Decide to Buy Early Most Important Question Healthy Is Good Term Life Insurance Is Cheap The Bottom Line – Should You Buy Life Insurance at an Early Age?