Category: Insurance

The Effects of Smoking on Whole Life Insurance Premiums

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Life insurance premiums costs are decided by multiple factors. Amongst those factors, health and age are of primary importance. Best rating will be granted to those that are able to certify their excellent physical shape while they are still young. Clearly, smokers do not meet the required parameters. Their habit influences not only the prices, but also the chances of being accepted for a series of policies. In this blog we will discuss more about

Posted in Finances, Health and Fitness, Insurance

Buy Life Insurance and Avoid Inheritance Taxes!

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Securing that your dependents will have sufficient funds after your death must be a top priority. Death of a dear person presents not only emotional aspects, but also dangerous financial negative consequences. Things can get even more tragic if that person was the sole breadwinner of the family. Persons who earn an income must be protected by life insurance. They must carry the policy, since they have access to money. Moreover, you can buy life

Posted in Finances, Insurance, Retirement

Can You Use Life Insurance As Collateral for a Loan?

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A collateral loan is a loan secured by the assets you own. You promise to hand the assets over to the lender if you cannot pay back the loan as agreed. Using a collateral loan will make it easier to get funded, because the lender will take less risk.  Before applying for a loan, we recommend you to research the basic mechanism of obtaining funding. Besides assets, you can use life insurance as collateral for

Posted in Finances, Insurance

5 Reasons to Buy A Whole Life Insurance Policy!

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It may sound tempting to select term life insurance as your insurance policy, but you will only gain temporary protection and zero benefits if you outlive the policy. Plus, selecting it for a very long time is counter-productive and quite expensive.  A person that wants to balance costs with potential benefits should consider purchasing a permanent type of insurance. We present you 5 reasons to but a whole life insurance policy: 1)      Permanent protection. Once

Posted in Finances, Insurance

3 Advantageous Life Insurance Policies for Seniors

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Obtaining life insurance for seniors is a bit challenging, because not so many companies are willing to easily accept seniors as clients.  However, elderly can still get these 3 advantageous life insurance policies for seniors: 1)     Term Life insurance. Normally, term life insurance is not that advantageous for the elderly. But term life insurance has the advantage of cheap premiums in the first years. So, for a short period of time, this policy may fit

Posted in Finances, Insurance, Retirement

How Much Life Insurance Do You Need?

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Buying life insurance is pretty complicated and if you do not know exactly what you want, it can be pretty puzzling and downright scary.  You certainly will not feel good if the questions caught you unprepared to answer them.  Determine first how much life insurance you need and more exactly, what type of insurance you need. The major life insurance policies sold on the market are: term life insurance, whole life insurance and life insurance

Posted in Finances, Home and Family, Insurance

No Medical Exam Life Insurance – A Perfect Choice for Busy People!

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No medical exam life insurance is a perfect choice for busy people. This policy is known to have the fastest underwriting procedures and the highest degree of acceptance.  Even if you are old or ill, you do not have to worry that much about being accepted. The only thing you have to worry is the price. This policy does not come cheap and that is the mean reason why so many persons are still so

Posted in Finances, Insurance

5 Important Facts About Whole Life Insurance Plans!

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Whole life insurance policy is one of the best on the market and it is very popular. We present you 5 important facts about whole life insurance plans: 1)     Whole life insurance is available for lifetime.  This policy is permanent and once you have completed all formalities, you will no longer have to repeat them yearly. The policy is kept in force only if you manage to pay all premiums. 2)     Whole life insurance premiums

Posted in Finances, Home and Family, Insurance

How Can Life Insurance for Seniors Help Your Family?

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In times of great economic depressions, people have learnt to be money wise and spend their financial resources with care. It is normal to be reluctant when you are faced with the option of purchasing life insurance. Not all people consider this service useful and they regard it as another source of wasting money.  Senior citizens are the most skeptical because they have limited financial possibilities and do not want to spare of some money

Posted in Finances, Home and Family, Insurance, Retirement, Seniors

3 Reasons to Buy No Medical Exam Life Insurance!

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Life insurance no medical exam is probably the most controversial policy on the market. If you ever browsed online for life insurance, you have probably seen that many persons express different opinions on their personal blogs. Some people heavily contest it, while others relate its benefits and present its major 3 reasons to buy no medical exam life insurance: 1)     General acceptance. Being old, smoker, sick or with other undesirable traits, makes you ineligible for

Posted in Finances, Insurance