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How To Get The Best Term Life Insurance Quote
It sounds easy enough. Just go online and get the best term life insurance quote from one of those quote providers. We’ve all heard about it. “Save 80% in 2 minutes!” The problem is – with so many choices – which web site do we trust to give us...Read More

Is A Cheap Life Insurance Policy Right For You And Your Family?
When it comes to life insurance over 70% of the adults in the United States have some form. The normal routine consists of a person in their early twenties or even late thirties purchasing some form of life insurance either through their company...Read More

Life Insurance - Make Sure Your Family Is Cared For
No matter who you are or what you do for a living, you should make sure that you have some sort of life insurance policy. However, this is even more the case if you are one of the only sources of income for your family. In this case, you should...Read More

Which Insurance Best Fits Your Needs – Term Life Or Whole Life Insurance Policy?
There are two general types of life insurance; Term life and Permanent life. Term life is the simplest form of life insurance and can provide substantial coverage with affordable premiums for specified periods of time of one year (annual renewable...Read More

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The Truth About Life Insurance

Myth: Cash value life insurance, like whole life, will help me retire wealthy.
Truth: Cash value life insurance is one of the worst financial products available.

Sadly, over 70% of the life insurance policies sold today are cash value policies. A cash value policy is an insurance product that packages insurance and savings together. Do not invest money in life insurance; the returns are horrible. Your insurance person will show you wonderful projections, but none of these policies perform as projected.

Example of Cash Value
If a 30-year-old man has $100 a month to spend on life insurance and shops the top 5 cash value companies, he will find he can purchase an average of $125,000 in insurance for his family. The pitch is to get a policy that will build up savings for retirement, which is what a cash value policy does. However, if this same guy purchases 20-year-level term insurance with coverage of $125,000, the cost will be only $7 per month, not $100.

Wow! If he goes with the cash value option, the other $93 per month should be in savings, right? Well, not really; you see, there are expenses. Expenses? How much? All of the $93 per month disappears in commissions and expenses for the first 3 years. After that, the return will average 2.6% per year for whole life, 4.2% for universal life, and 7.4% for for the new-and-improved variable life policy that includes mutual funds, according to Consumer Federation of America, Kiplinger's Personal Finance, and Fortune magazine. The same mutual funds outside of the policy average 12%.

The Hidden Catch
Worse yet, with whole life and universal life, the savings you finally build up after being ripped off for years don't go to your family upon your death. The only benefit paid to your family is the face value of the policy. The truth is that you would be better off to get the $7 term policy and and put the extra $93 in a cookie jar! At least after 3 years you would have $3,000, and when you died your family would get your savings.

That means when your 20-year term is up, you shouldn't need life insurance at all - because with no kids to feed, no house payment, and $700,000, your spouse will just have to suffer through if you die without insurance. Don't do cash value insurance! Buy term and invest the difference.

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Getting Life Insurance Protection Online - The Internet Can Provide Very Low Rates
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Life Insurance - Money saving Top Topis
More and more people are buying life insurance online and the numbers seem to be doubling every two years. The reasons are clear. Prices are lower on the Internet and life insurance is fundamentally a simple insurance product. Despite the...Read More

Term Life Insurance and Permanent Life Insurance
Term insurance and permanent insurance are two basic types of life insurance. Term life insurance is temporary, and it covers only a specific period of time called the relevant term. Permanent life insurance is the type of insurance where the policy...Read More

Life Insurance and the Law - A Layman's Introduction
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Term Life Insurance Definition—What Is It?
Purchasing life insurance shouldn’t be taken lightly. When purchasing life insurance, you need to take into consideration your specific needs (the kind of coverage, how long you need the coverage, etc.) and your financial status. If you simply...Read More

Term Life Insurance Online - How to Handle Rates and Quotes
There is a huge opportunity to purchase term life insurance online. This would have been unheard of a decade ago. Shopping for life insurance used to mean making a telephone call to the local agent and making an appointment. That is still a...Read More

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