Life insurance unbiased quotes: Know how much you want covered. A good rule of thumb is to cover ten times your annual income until your kids have finished education. This isn’t hard and fast, and depending on the type of cover that you’re buying, you might just want to go with what you find affordable. Think about the debts you need paid off, and make sure it’s enough.
Your health issue may not be necessarily as bad as you think and we might get you better rates with a policy that does require a medical exam. After all, if you haven’t been diagnosed with anything, you can honestly answer the questions on a no exam application and still qualify for coverage. But, even if you have health issues, you should always discuss your situation with a knowledgeable independent life insurance agent before you go out and apply for a no exam policy. Alternatively, if you only qualify for a no exam policy, we can comparison shop for you and find the most affordable no exam policy that’s right for your circumstances.
Life insurance is simple enough: You pay a premium and your heirs receive a lump-sum benefit after you’re gone. Whole life insurance remains in effect for life — provided you pay the premiums — and has an investment component. Term life insurance, which is more affordable, covers you for a certain period of time, such as 10 or 20 years. Deciding whether you need life insurance might seem like a consideration separate from the rest of your financial plan, but actually it ties into many other financial decisions. We asked Brian McCann, a financial advisor in San Jose, California, what else millennials should know when it comes to life insurance. Read more info on Life Insurance Comparison Pennsylvania.
If you have children or other loved ones who depend on the money you earn, you need life insurance. Its primary purpose is to protect your income. Life insurance helps your dependents keep on living as they would if you were still earning a paycheck. Life insurance helps replace your paycheck if you aren’t there to earn it. If you’re looking for a reasonable estimate on the amount of life insurance you should buy, start by multiplying 60% of your annual income times the number of years to retirement. This takes your salary, assumes some normal raises over time, and adds the value of your employee benefits, like healthcare. Then subtract the effect of taxes, and what it costs your family to have you around.
Terms4Less was founded in 2004 by Caroline Andresen to help consumers with their life insurance planning needs. We work WITH the all top insurance companies in the nation but not FOR them – that’s a big difference as our clients come first. This gives us the flexibility to listen to our client’s needs so we can solve the problems they are facing. Terms4Less is an independent life insurance broker – that means that our quotes are unbiased. Many agents are what are called “career agents,” because they work for a particular insurance company. By and large, their duty is to sell the products of the ONE carrier that is “housing” them. So generally, they are only going to show you products from that company. Read more details on https://www.terms4less.com/.