Why Term Life Insurance is the Smart Option
by: Kinney Dancair
By far, the most efficient way to obtain life insurance is through a term life insurance policy. term life insurance policy Some financial advisors insist that their clients use whole life insurance rather than term life insurance. I am going to show you why they are wrong. The three primary reasons they give for recommending whole life are: 1) whole life insurance lasts the period of your entire life so you don't have to worry about renewal or possible health downturns that could increase your life insurance rates on term renewal; 2) whole life insurance can be used as a retirement investment; 3) if you should decide you want to have life insurance for your surviving family, whole life insurance will provide that extra net of security.
These reasons miss some very important facts about whole life insurance vs. term life insurance debate. First of all, if you are concerned about possible downturns in your health, then you can be sure to choose a term life product that extends until the time when you will no longer have dependents for whom to provide security. It is not as tenuous a matter as these whole life insurance proponents would suggest. Problem solved.
Secondly, a whole life insurance policy has a poor return on investment. If you are interested in retirement planning, as everyone should be, then term life insurance is the most effective type of life insurance. This is because it does not pretend to be an investment vehicle the way that whole life insurance does. Term life insurance is up to four times less expensive than whole life insurance. The money that you save on the insurance premiums can then be invested in a stock or other investment that will provide a much higher return on investment. Get a term life insurance quote and see the truth of what I'm saying here.
As for the third reason, realistically this will not likely be an issue for most folks. Most of us are only interested in a life insurance product that makes up for our lost income should we die while dependents are still at home. For those few who have a different objective, there are far better ways to purchase security for your family in your old age. This is because the security purchased in a whole life insurance policy comes at too high a price. If you want to make sure that your family has some form of death insurance for you after you retire,
there are cheaper ways to provide it. To fill this role, you can choose one of the long-term, low-risk investments such as the Treasury Inflation Protected Securities.
At this point it should be clear that the most cost effective form of life insurance is term life insurance. Whole life insurance just pads the premium price for the sake of a segment of your life during which you won't be needing life insurance. On the other hand, term life covers the period for which the life insurance product is appropriate, while leaving savings and investments to better suited products. As if you needed more confirmation, even the federal trades commission recommends term life insurance as a good way to save money.
About The Author
Kinney Dancair is a writer with interests in finance, real estate, and business. www.1termlifeinsurance.org
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Credit Cards Are Like Loans
Credit Cards Are Like Loans
by: Mark Lambie
Credit cards! If you're like most people, you probably love them some times and hate them other times. They can be a great way to manage your finances and they can be a terrible bill to get every month.
But credit cards aren't all bad. If we could live our lives without them, we would. But we can't. The world is simply not built that way anymore. More and more often, companies require credit cards as the best way to receive payment or security, rather than cash or checks.
But a credit card is just a loan. Few people realize it as such, but that's all it is: Simply a loan that you can use if you want, but you don't always use. A credit card is like a constant line of credit that is represented by the piece of plastic you carry in your wallet or purse. It says to the shop owner that someone has checked you out and deemed you worthy to receive a certain amount of credit line in order purchase the...
Credit Cards Are Like Loans
Car insurance > Credit Cards Are Like Loans
Buying a Car? Check Your Credit Score First
Buying a Car? Check Your Credit Score First
by: Charles Essmeier
Do you check your credit score and credit report before you go shopping for a car? You might find out that it is well worth your while to do so, as some auto dealers are taking advantage of the fact that many consumers do not know their credit scores.
No one likes buying a car; the entire process is awkward and cumbersome. Most items we buy are plainly marked with the price, but with cars, the price is often a mystery. Then you have to haggle with a salesman and hope that you have worked out the best price possible. Having done that, you have to arrange financing. You can often get an acceptable interest rate when financing through the dealer, but some dealers are padding their bottom line by offering loans at higher rates than they otherwise might.
The scam works like this ? You negotiate your best price with the dealer and you agree to finance through them. You fill out the...
Buying a Car? Check Your Credit Score First
Car insurance > Buying a Car? Check Your Credit Score First
Ameriplan Consumer Protection Starts With Phone
Ameriplan Consumer Protection Starts With Phone
by: Tim Merrell, the Dental Guy
As more and more big companies, school districts and other municipals are forced to cut healthcare and retirement benefits, it will be up to the consumer to find cost cutting measures. This is one of the reasons that Consumer Driven Healthcare like Ameriplan is experiencing a huge growth market.
If your car has a problem, you call different auto repair shops and compare prices regarding the problem. However, many people don?t call about their dental costs, or doctor?s expenses, because they assume all healthcare prices are set by some standard. Not True! Doctors set their own prices. However, Ameriplan, a company in business since 1992, is helping consumers obtain cost savings on health and dental procedures.
Most insurance dental plans have a cap of $1000.00 per year, and today, that won?t even cover a root canal. Outlined in this updated 2005 document, at...
Ameriplan Consumer Protection Starts With Phone
Car insurance > Ameriplan Consumer Protection Starts With Phone
Cheaper Car Loans
Cheaper Car Loans
by: Peter Kenny
Every time you go to a car dealer to buy a car, whether it be new or used, it is highly likely that the dealer will also have on offer, various financing deals that will assist you in paying for the car. While these may seem extremely attractive, especially if you don?t think you could afford the car outright, you should always check twice to make sure you are not getting ripped off or taken advantage of.
The most important thing to know in these situations where the car dealer is offering you vehicle financing, is that you do not have to take your car loan from the dealer. There are a host of alternative car loan sources that will be willing to lend you the money you need to buy the car, such as banks and other lenders, and if they are reluctant to lend you the money you need, perhaps this is an indication that you cannot afford the car and should look at buying something cheaper or waiting till you have a...
Cheaper Car Loans
Car insurance > Cheaper Car Loans
Car insurance Why Term Life Insurance is the Smart Option
Home Insurance Rates
Home Insurance Rates
by: Joseph Kenny
Insurance premiums are calculated according to several risk factors. These are the factors identified by the insurance company as most likely to have an impact on the insured against risk occurring. Insurance is a significant cost associated with the item insured and should not be rushed into. It is always a good idea to shop around for the best price available. Insurance premiums will vary considerably from insurer to insurer...
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Car insurance > Home Insurance Rates
vacuum Car insurance Why Term Life Insurance is the Smart Option
Car insurance Why Term Life Insurance is the Smart Option
Car insurance Why Term Life Insurance is the Smart Option
online degree Car insurance Why Term Life Insurance is the Smart Option