| More
Life Insurance Artitcles
Cash For Life Insurance Settlements
Life insurance is a popular policy investment sold by various insurance companies. In order to safeguard personal interests and those of the family, a large number of people opt to purchase a life insurance. In due course of time, if a policyholder...Read More
How To Get Term Life Insurance With No Medical Exam
There is no doubt that term life insurance is the most affordable life insurance out there. You don't have to think about cash values, investment performance, or getting loans that permanent life insurance offers. It's pure protection and can ...Read More
Life Insurance - 66% Of Applicants Face Loaded Premiums
If you're lucky, you'll get a life insurance quotation that you are happy with, progress to application, and get yourself insured within 48 hours at the original price quoted. Unfortunately this isn't the case for 66% of applicants - who face...Read More
Term Life Insurance Vs Permanent
Ever since the idea of term life insurance came to the mind of man term life insurance vs permanent has been the center of active and thought provoking debate. Term insurance is without question cheaper than permanent life insurance but when ...Read More
How to Lower Your Life Insurance Premiums
Getting cheap term life insurance
Life Insurance Is Not About You
Affordable Life Insurance for Even the Inveterate Couch Potato
Term Or Whole Life Insurance Which Is Right For You
| Life Insurance - Tackling The Top Reasons Why We Put Off Buying It
OK, thinking about your own mortality is not a topic anyone enjoys, but our own death is one of the few certainties in life. So why do 35% of Canadians not insure their own life to make sure their family or loved ones are financially protected? While the number of reasons likely match the number of people not insured, the following are the most commonly heard.
Reason #1 - I don't have a need for life insurance:
Let's be honest, this reason is by far the most common and for most people untrue. Unless you are an individual who does not have children, has money on hand to cover all debts and funeral expenses, and does not feel the need to offset the loss of their income to a spouse, leave any additional money to family, or to a charity, then it may be true, you don't need life insurance. But few people have the funds readily available to fulfill all their wishes or meet their obligations after their death.
At the very minimum, if you have anyone who relies on your income for their day-to-day needs like a spouse or children, or if you have debts like a mortgage, then you likely need life insurance.
Reason #2 - Life insurance is too expensive:
If in the past people have found life insurance to be too expensive it could be because of the type of coverage they were seeking, like whole or universal life insurance. Term life insurance is the most affordable of all the products and is very popular because of it.
Term 10 Life insurance, the most popular Term product in Canada, offers a premium guaranteed not to change for 10 years.
A male non-smoker seeking $100,000 in coverage could be paying as little as*:
1 $125 for a 30 year-old
2 $129 for a 35 year-old
3 $157 for a 40 year-old
4 $207 for a 45 year-old
5 $281 for a 50 year-old
A female non-smoker seeking $100,000 in coverage could be paying as little as*:
6 $106 for a 30 year-old
7 $112 for a 35 year-old
8 $133 for a 40 year-old
9 $163 for a 45 year-old
10 $219 for a 50 year-old
As you can see, for very little money a year, you can get $100,000 in life insurance coverage.
* Lowest quote online from October 2005 for a Term 10 policy, one of the most popular life insurance products in Canada. Premiums shown are the rates if paid annually.
Reason #3 - I don't know anything about life insurance and don't know where to start:
A number of free online tools have been developed to help you decide which term life insurance product is best for your specific situation and how much life insurance coverage you should get.
1 Term Life Insurance Analyzers. By answering a few simple questions, these tools will assess your needs and let you know what product is most commonly recommended for people with similar lifestyles.
2 Term Life Insurance Calculators. These tools will help you put a dollar value on the amount of coverage you need in order to ensure that your family, loved ones and your debts are covered in the event of your death.
Reason #4 - Life insurance is a hassle to get:
Thanks to the Internet, getting term life insurance quotes is now fast and easy. If you want to shop around first, getting quotes online means you can avoid hard-sell tactics by someone sitting across from you. There is no sales pressure or obligation to buy when you get quotes online. It's easy, can be done any time at your convenience and is simply a better way to shop for life insurance because of it.
About the Author :
For more information on life insurance, term life insurance analyzers and calculators, or to quotes, kanetix.ca's http://www.kanetix.ca/term-life-insurance/ service provides instant online quotes from some of Canada's most recognized and trusted life insurance companies. Source: www.isnare.com
Written by: Kade Phillips
Life Insurance Advantages From An Agent s Point Of View
Term Life Insurance with no Exam
Term Life Insurance Policies Versus Whole Life Insurance Policies
Changing Jobs Part 2 of 3 Employer Provided Group Life Insurance
Converting Tax Deferred Retirement Plans to Life Insurance to Save Income Tax and Estate Tax
How to protect your life insurance policy while going through a divorce
Universal Life Insurance Policy Longevity
Buy Term Life Insurance Online – Some Tips to Make You Smart
The cyber world has really helped the consumer when it comes to purchasing term life insurance. Buying term life insurance online has many advantages. Term life insurance is the simplest form of life insurance. There is no cash value to deal with...Read More
Life Insurance Cover – Fat Chance
The Government predicts that by 2025, obesity rates in children will be a frightening statistic. It is thought that around 33% of girls and 25% of boys will be clinically obese. This means overweight to the extent that their...Read More
Life Insurance: Do You Need Life Insurance?
Life insurance, also known as term assurance, is a popular form of insurance that people get so in the event of their death, their family and dependants will be able to cope financially. However, not everyone has a family and children, so do they...Read More
Term Life Insurance Policy - The Best Rates go to the Best Informed
There are a number of term life insurance policies that you can purchase. Which one is the right one for you? This question leads to a more important question. Why am I buying life insurance? If you can answer that question with confidence then you...Read More
The Importance Of Life Insurance
For those of you who think that life insurance isn’t important, I have a tale to tell. I was 16 at time that my father died, in October of 1983, leaving my mother to raise myself and my two brothers who were at the time, 14 and 13, alone. I have...Read More
|
Life Insurance: Does It Matter What Company Insures You?
Life insurance is insurance that can be very long term. And it's not protected like your bank account might be by the Federal Deposit Insurance Corporation. So when you're shopping for life insurance, you should get quotes from companies that you...Read More
Viatical Life Insurance Settlements
The physical and emotional demands of a terminal illness are traumatic enough - both for the person and for the near and dear ones. Financial strains only serve to compound the trauma. Viatical life insurance settlements, if handled carefully, can...Read More
Your Life Insurance Could Be Worth More Than You Think
Many seniors own life insurance policies that they no longer need or want, or that they can no longer afford. Often, they allow their policies to lapse or cash them into the insurance company for the surrender value. What many seniors don’t...Read More
Whole Life Insurance Explanation
A whole life insurance explanation should be required reading for anyone about to purchase life insurance. Whole life, in my humble opinion, has in recent years got a bad rap. People tend to buy term life insurance because it is cheaper. Although...Read More
Universal Life Insurance Quote Advantages and Disadvantages of Universal Life Insurance
Do You Need Life Insurance
Life Insurance Take A Last Gasp And Count The Savings
Low Cost Whole Life Insurance
Types of Life Insurance
More
Life Insurance Artitcles
|
