Life insurance

The Importance of a Life Insurance Review

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insuranceWhen times are good, a family will have an income coming in that pays the bills and keeps everyone comfortable, educated, and entertained. However, sometimes things happen that mean life cannot continue to be rosy.

There could have been an unexpected accident or someone ends up with a health condition that will shorten their life. These are two circumstances where a life insurance policy will provide the lost income to the affected family.

To think more about life insurance, take a look at the Ethos Life Insurance Guide and also read on further. Continue reading →

Is Life Insurance Necessary After 80?

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Life insuranceIf you’re elderly and don’t have an insurance policy you may be wondering “Is life insurance even necessary after 80?”

Many individuals over 80 avoid buying life insurance because they no longer have family responsibilities. The children are grown, and their children have likely also reached adulthood. And while it’s certainly nice to be able to leave cash for family members after you die that’s not the most important reason to maintain a life insurance policy.

Benefits of having life insurance

One significant reason why insurance is essential for seniors above 80 is the right policy covers your final expenses. You can pay for the funeral you want (burial and/or cremation) and your loved ones aren’t stuck with expenses associated with your final arrangements.

A second reason is the right insurance policy pays expenses that have accrued over time, such as medical costs, credit cards, and various other expenses. You most likely don’t want to leave these expenses for family members to pay out of pocket. Continue reading →

How to get low-cost business life insurance

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life insuranceEvery successful business owner knows how important it is to keep it operational no matter what happens to them or their partners. To prevent any financial distress when you or a key person to the business passes away, you need to have business life insurance.

This cover works like any other life insurance type, only that it’s acquired by the business rather than a person. The aim to take it out is to protect the company, its owner and co-owners, assets, and employees.

In a nutshell, a business life insurance serves the following purposes in a co-owned business: Continue reading →

Reasons to Consider the Infinite Banking Concept

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Infinite banking is not a new concept, but it has gained popularity in the past few years. The concept revolves around the benefits found in a properly structured, high cash value whole life insurance policy.

What is Infinite Banking? It’s simply a safe growth strategy that gives the individual more control over their finances. By utilizing whole life insurance, dividends inside of these policies help us grow our wealth. We also have access to our money through policy liquidation or policy loans—the latter of which offers us the ability to pay that money back into the policy.

Many are unfamiliar with the particulars of Infinite Banking. It is not a cure-all investment option that will magically solve your retirement issues. However, it does offer some particular benefits that cannot be found in other retirement and savings plans. Continue reading →