Term Life Insurance
by: Gary Tallon
Term life insurance is a life insurance product that pays out a cash lump sum upon death of the insurance policyholder or at the point that the insurance policyholder is diagnosed as terminally ill. But, despite it being a low cost term life product - insurance cover can be acquired from as little as ?5-?10 per month - surprisingly few of us have term life insurance in place.
For people with a mortgage and family to support, not having a term life insurance policy exposes them to a large financial risk. This risk becomes apparent when you consider how the mortgage and household bills would be paid if the main income producer were to die or to become terminally ill. The end result could be that loved ones who are left behind find their home is repossessed because they cannot keep up the mortgage repayments.
Some people prepare for such an eventuality by taking out a mortgage life insurance policy. This is all well and good for covering off the remainder of the mortgage loan, but where will the money come from to pay the gas & electricity bill and the council tax bill every month, let alone the money needed to cover the policyholder's funeral expenses? It is at this point that a term life insurance policy becomes very useful indeed.
If you don't have a term life insurance policy in place, here are some sobering reasons why you should consider taking out a term life policy now?
? CANCER - One in three people will develop cancer at some point in their lives. Research into cancer is of course ongoing, and one day some cancers may be curable. In the meantime a term life policy offers income protection for loved ones left behind in the event of terminal cancer diagnosis and death from cancer.
? HEART DISEASE - Heart and circulatory disease accounts for more than 35% of all deaths in the UK each year. The number of people dying from heart and circulatory disease is on a falling trend, but the number of people becoming morbidly obese is increasing, and so may reverse this trend in the near future. Term life policies can be configured to pay out if cause of death is heart-related.
? MRSA (SUPERBUG) - The death rate from the MRSA superbug has doubled in the last 4 years. MRSA is a bacterial infection that is resistant to antibiotics. It commonly causes death in people with weak immune systems, and so easily spreads amongst the sick & old in hospital wards. Many life insurance policies pay out if the cause of death is MRSA related.
? AVIAN FLU (BIRD FLU) - Recent comments by the Society of General Microbiology in the UK sparked controversy when they estimated that 2 million people in the UK could die from a highly infectious strain of mutated Avian Flu. If you are worried about Avian Flu check with the life insurance agent to see if their term life policy covers such an eventuality.
About The Author
Gary Tallon has been in the finance industry for over ten years, and is now working for PowerInsurance.com, leading providers of life insurance http://www.powerinsurance.com products.
|
Home-Based Business Owners, You Need Insurance Coverage
Home-Based Business Owners, You Need Insurance Coverage
by: Matt McWilliams
When you start a home-based business, buying insurance may not be your first priority, but you cannot afford to ignore it either. When the unexpected happens -- and it will -- having insurance coverage may mean the difference between the success and failure of your home-based business.
You may not require all types of insurance listed here, but taking some time now to consider your insurance needs can save you money and headaches in the future. Ultimately, after reading this article, the best way to determine your complete needs is to consult with your insurance agent. Explain to them the details of your home-based business and he or she should be able to determine the best insurance coverage for you (and any employees).
Health Insurance
Health insurance should be the first consideration for yourself and any employees you may have. If you have just left...
Home-Based Business Owners, You Need Insurance Coverage
Term life insurance > Home-Based Business Owners, You Need Insurance Coverage
5 Ways Poor Credit Scores Costs You Extra Money
5 Ways Poor Credit Scores Costs You Extra Money
by: Jeanette Joy Fisher
Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home. But, beyond these consumer loans, your credit report can cost you in everyday living expenses. What you don't know about your credit could be costing you money.
Having a credit card means that you can order tickets, rent a car, and reserve hotel rooms. Besides these conveniences, your credit report can mean that you must pay higher deposits and fees for everyday services.
Did you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto insurance, home owner's insurance, or even keep you from getting hired?
1. Some utility companies set minimum standards for service connections. If your report shows collection accounts for prior utility bills, you may not be eligible for service at all. And if utility...
5 Ways Poor Credit Scores Costs You Extra Money
Term life insurance > 5 Ways Poor Credit Scores Costs You Extra Money
How To Switch Car Insurance Companies
How To Switch Car Insurance Companies
by: Rob Sliver
It may be easier than you think!
There are many reasons why you may choose to move your auto insurance coverage to another company. You might have changed jobs and are eligible for a group discount through another insurer, or maybe you're unhappy with the service that your present company provides. Perhaps you've simply found another company willing to offer you the same level of coverage for considerably less money. Nowadays, many insurance companies provide 24-hour rate information through their toll-free numbers or websites, so investigating your options has never been easier. Another valuable source of information is your state's Department of Insurance.
Why switch to a new insurance carrier?
Regularly review your auto coverage to make sure that you're receiving the best insurance value for your money. You'll discover that it pays to shop around. In some states, premiums for...
How To Switch Car Insurance Companies
Term life insurance > How To Switch Car Insurance Companies
How To Switch Car Insurance Companies
How To Switch Car Insurance Companies
by: Rob Sliver
It may be easier than you think!
There are many reasons why you may choose to move your auto insurance coverage to another company. You might have changed jobs and are eligible for a group discount through another insurer, or maybe you're unhappy with the service that your present company provides. Perhaps you've simply found another company willing to offer you the same level of coverage for considerably less money. Nowadays, many insurance companies provide 24-hour rate information through their toll-free numbers or websites, so investigating your options has never been easier. Another valuable source of information is your state's Department of Insurance.
Why switch to a new insurance carrier?
Regularly review your auto coverage to make sure that you're receiving the best insurance value for your money. You'll discover that it pays to shop around. In some states, premiums for...
How To Switch Car Insurance Companies
Term life insurance > How To Switch Car Insurance Companies
Winning Tactics For Giving Up The Diet
Winning Tactics For Giving Up The Diet
by: Gary Matthews
You might disagree, but hear me out on this, if you're thinking of going on a diet to lose those extra pounds think again. Long-term weight control through dieting is near impossible, for the simple reason is that diets promote only short-term solutions not long term.
After dieting you'll certainly look lighter on the scales, but in most cases this is because you've dumped a few pounds of body fluid and muscle, and not because you've lost any significant amounts of body fat.
One of the main reasons diets don't work is because they send the body into starvation mode - a survival mechanism for times when humans faced periods of famine. Cutting back on our energy intake causes the body to lower its metabolic rate, which reduces its ability to burn fat.
At the same time, hunger signals increase and we quickly start to crave high energy foods loaded with fats...
Winning Tactics For Giving Up The Diet
Term life insurance > Winning Tactics For Giving Up The Diet