Comments on Saving to Inve$t: Life Insurance - Whole versus Term and choosing th...

can try this http://www.blogged.com/about/term-lif...

2009-08-28T07:39:46.211-04:00

can try this http://www.blogged.com/about/term-life-insurance/

Premium increases averaging about 5% to 15% starte...

2009-06-11T13:35:25.667-04:00

Premium increases averaging about 5% to 15% started in January and are sweeping through the industry. One reason is that higher capital and reinsurance costs for insurance companies linked to tighter credit markets are making it more expensive for insurers to maintain needed cash reserves. Another is that insurers are receiving lower returns on their investments, putting additional pressure on them to raise money.

For consumers, that means the era of counting on lower rates five or 10 years down the line could be over for a while. It also means locking in premiums before they go up.

Life insurance is a must in present scenario and i...

2009-06-02T08:38:43.092-04:00

Life insurance is a must in present scenario and it is not a bad idea to take help from an insurance agent but the agent should be honest at leas.

I have 2 young kids and my wife and I recently too...

2009-03-30T12:08:00.000-04:00

I have 2 young kids and my wife and I recently took out about $500,000 in term life insurance. This costs me about $50 a month (basic package), and provides all the options most young families need. However a number of agents and online sites tried to sell me a whole life policy (which provides a basic death benefit and "cash value"). My cheapest premium for this was $120. Definetly not worth it for me and my family because of all the strings attached.

So if you have a young family, go with term life insurance and save yourself some money. Better yet, get your life insurance through work and you could save a lot.

Choosing the right life insurance policy is an ind...

2009-03-30T11:59:00.000-04:00

Choosing the right life insurance policy is an individual choice depending on various personal factors. Many people choose a term life policy in the initial years because of low budget constraints and the need for high death benefits to cover loans, mortgage, etc. They usually opt for a term life policy with a convertability option so that they can convert to a whole life policy later on. Or some people find they need life coverage only for a period of term and so a term life policy suits them just perfectly.

It is important to get a clear understanding of the difference between term and whole life insurance and then choose the one that most applies to your needs. A good place to start is Term vs. Whole Life Insurance

Some more useful tips:• Buy life insurance when yo...

2009-03-17T11:07:00.000-04:00

Some more useful tips:

• Buy life insurance when you’re young and healthy. The younger and healthier you are, the cheaper life insurance policies are.

• Shop around for the best life insurance quotes.

• Be honest on your applications. Insurance companies will investigate your case fully before paying.

• Look for policies that offer discounts or other benefits if you pay your premiums on time.

• Review your policy every few years. Your needs can change periodically, and there may be new policies available that work better for you.

Just be careful when buying insurance, because ag...

2009-03-14T11:27:00.000-04:00

Just be careful when buying insurance, because agents can be very pushy and get you to buy a much more expensive policy than you need. I found this out the hard way. Agents sell the vast majority of life policies written in the U.S. because the life insurance industry has a vested interest in pushing high-commission (and high-profit) whole-life policies.