Mortgage insurance is level term life insurance that protects the home. In case of death, life insurance can be used to pay off the mortgage on your house so that your loved ones will own their home free and clear and can continue to live in familiar surroundings.
Is your home your castle? The largest investment most Americans will ever make in their life is their house. Term life can protect that investment in case of an untimely death. It can save your family from facing the insecurity of wondering how long they can afford to make monthly mortgage payments and remain in their home. Your children will not have to be uprooted from their schools and friends, and your spouse will not be forced to sell your house in a buyer's market or seek rental housing in a less than desirable neighborhood.
The insured home is where the heart is!
With a single phone call or e-mail you can start the process to protect your mortgage and receive a term life insurance quote. You can choose your family as beneficiary, and not the mortgage company. Let a qualified adviser help you choose the plan that best fits your family mortgage needs with a term life insurance company.
Level Term Life Insurance (http://www.equote.com/li/level-term-life-insurance.html) plans usually match the length of your loan (5, 10,15, 20, 25, 30) years. The insurance is locked in for the length you choose. The face value never changes and the premium is guaranteed to remain level for up to 30 years.
HomeGuard is a unique product for the mortgage insurance marketplace. With HomeGuard, if you or your spouse dies, the mortgage is paid off. If you should become unable to work, you can receive up to $1,500 a month tax-free income to pay your home loan. If you should become unemployed, the plan can make mortgage payments for you for up to six months. And as part of the insurance plan, you can have all premiums refunded if you do not use the disability benefits during the policy period. Whether you live or die, become disabled or unemployed, this plan can protect your family and benefit you.
About Equote
Ever since EQUOTE was first founded in 1999, the company has maintained a solid vision regarding providing the finest of all products available relating to life insurance, annuity products and long term care products. EQUOTE has higher aspirations than to simply serve as a vehicle through which to search for low-cost term life insurance. Instead, EQUOTE has a goal that revolves around completely and thoroughly educating consumers and customers alike so that they may make their own informed decisions regarding life insurance and long term care, rather than being forced to make these decisions without the research and understanding necessary to do so. The people behind EQUOTE are heavily family oriented, and believe strongly in the principles behind having good life insurance as a means of keeping your family protected and ensuring their safety for many years to come.
Author : Lynette Tyson has extensive experience with life insurance and other financial planning products. She has previously written articles on term life insurance and life insurance quotes for Equote.com, a San Diego based life insurance company.
Showing posts with label Life insurance. Show all posts
Showing posts with label Life insurance. Show all posts
Sunday, 23 August 2009
Tuesday, 30 June 2009
Life Insurance Quotes: an Easier Way to Plan Your Life
Life is very uncertain and will not last forever. Death always comes to collect its toll. These are among the millions of reasons why anyone would want to protect their life. Protecting human life is essential. Without security, man cannot function well in his everyday life. With life insurance, both you and your loved ones future can be secured. This helps you ease the strain if something unthinkable happens. Life insurance gives you peace of mind that as your time comes the ones left behind will not carry such burden on their shoulders after you are gone.
Life insurance is a legal bond between a policy owner and an insurer. The latter agrees to pay finances upon death or other unfortunate events experienced by the insured individual. In exchange for this condition, the policy owner pays fixed amounts or premium either quarterly, monthly, yearly or in joined sums. To lay off the issue of money, life insurance is very important because it serves as a protection for your family after you die. Your life insurance can depend on various purposes such as paying for burial services, paying debts, and replacing lost income.
Choosing a life insurance policy can be difficult for your part. For others, life insurance hunting means preparing for their deaths, which for that matter feels uncomfortable to them. Nevertheless, the issue of death and financial security for the ones left behind should be put in mind. This is the reason why selecting the best life insurance policy is vital. You can find certified life insurance companies anywhere. With the internet, you can just simply stay put and scan through a staggering list of insurance companies. Alternatively, you can opt to take an adventure and singlehandedly pick out the best cherries in town.
To save time and money from finding which life insurance policy suits you best, it is very much recommended that you get life insurance quotes from your prospect companies. What does life insurance quotes mean? These are simply listings of premiums or insurance rates from a certain company. Insurance quotes are the easiest and fastest ways to find and compare coverage rates. By going online or approaching brokers near you, getting quotes from different life insurance companies can be trouble-free. Life insurance quotes also serve one great purpose. It can help you negotiate for better policies and premiums.
Getting quotes from life insurance companies before you begin negotiating with them is essential. When you compare companies make sure that the ballpark figures of policies are the same. Coverage quotes should also be similar. After gathering a number of insurance quotes, you can now call their companies and inquire about candidate qualifications and of course for premiums. If you do not qualify in one company then you can try applying for other companies who support your qualification. You should include in your list of quotes some offered discounts. Once you have gathered all the life insurance quotes and have called the companies on your list, you are now ready to decide which life insurance policy to purchase.
About the Author:
James is author of this article on Life Insurance Quotes. Find more information about Cheap Auto Insurance.
Life insurance is a legal bond between a policy owner and an insurer. The latter agrees to pay finances upon death or other unfortunate events experienced by the insured individual. In exchange for this condition, the policy owner pays fixed amounts or premium either quarterly, monthly, yearly or in joined sums. To lay off the issue of money, life insurance is very important because it serves as a protection for your family after you die. Your life insurance can depend on various purposes such as paying for burial services, paying debts, and replacing lost income.
Choosing a life insurance policy can be difficult for your part. For others, life insurance hunting means preparing for their deaths, which for that matter feels uncomfortable to them. Nevertheless, the issue of death and financial security for the ones left behind should be put in mind. This is the reason why selecting the best life insurance policy is vital. You can find certified life insurance companies anywhere. With the internet, you can just simply stay put and scan through a staggering list of insurance companies. Alternatively, you can opt to take an adventure and singlehandedly pick out the best cherries in town.
To save time and money from finding which life insurance policy suits you best, it is very much recommended that you get life insurance quotes from your prospect companies. What does life insurance quotes mean? These are simply listings of premiums or insurance rates from a certain company. Insurance quotes are the easiest and fastest ways to find and compare coverage rates. By going online or approaching brokers near you, getting quotes from different life insurance companies can be trouble-free. Life insurance quotes also serve one great purpose. It can help you negotiate for better policies and premiums.
Getting quotes from life insurance companies before you begin negotiating with them is essential. When you compare companies make sure that the ballpark figures of policies are the same. Coverage quotes should also be similar. After gathering a number of insurance quotes, you can now call their companies and inquire about candidate qualifications and of course for premiums. If you do not qualify in one company then you can try applying for other companies who support your qualification. You should include in your list of quotes some offered discounts. Once you have gathered all the life insurance quotes and have called the companies on your list, you are now ready to decide which life insurance policy to purchase.
About the Author:
James is author of this article on Life Insurance Quotes. Find more information about Cheap Auto Insurance.
Monday, 18 May 2009
Mortgage Protection - What is it and why do we need it?
There are a whole stack of reasons to protect your mortgage, the statistics in this Jump Life Insurance article give you details on critical illness and death that many of us do not want to know, but have to face up to sooner or later. Once you have looked at these if you require more assistance deciding if you can afford to have mortgage protection, contact Jump Life Insurance for more information or get an online quote.
One in four men, who are now aged 20, will not live to 65 years old
Source: Swis Re 2001
An Income Protection Insurance Policy pays you a tax-free monthly income during periods when you are unable to work due to long-term sickness, accident or injury. Read through the Jump Life Insurance article to help you decide what insurance policy to take out.
The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995
Source: Redmayne Consulting, 04.2003
The maximum State Disability Living Allowance is only £97.15 per week
Source: Redmayne Consulting, 04.2003
Four million people in the UK are currently claiming income support
Source: Office of National Statistics
Stress leads to a million claims for disability
Source: Financial Times, 03.2004
People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65
Source: Department for Work and Pensions
Over 1,650 people die in Britain every day
Source: National Statistics Online 11.2003
Every week 6,200 people are killed or injured in road traffic car accidents
Source: Office for National Statistics
One in five adults have a mortgage with no associated life insurance (2.2 million nationally)
Source: Scottish Widows survey of 2,037 adults, 08.2005
Owner occupation is just under 70% in the UK and just under 80% in Ireland
Source: European Mortgage Federation, European Commission, 2000
Jump Money is a specialist in Mortgage Protection and is happy to answer any questions you may have related to Mortgage Protection Life Insurance, life assurance, term insurance and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money can help you protect yourself and your belongings call now on 0844 4170894 or fill in an online quote form today.
One in four men, who are now aged 20, will not live to 65 years old
Source: Swis Re 2001
An Income Protection Insurance Policy pays you a tax-free monthly income during periods when you are unable to work due to long-term sickness, accident or injury. Read through the Jump Life Insurance article to help you decide what insurance policy to take out.
The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995
Source: Redmayne Consulting, 04.2003
The maximum State Disability Living Allowance is only £97.15 per week
Source: Redmayne Consulting, 04.2003
Four million people in the UK are currently claiming income support
Source: Office of National Statistics
Stress leads to a million claims for disability
Source: Financial Times, 03.2004
People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65
Source: Department for Work and Pensions
Over 1,650 people die in Britain every day
Source: National Statistics Online 11.2003
Every week 6,200 people are killed or injured in road traffic car accidents
Source: Office for National Statistics
One in five adults have a mortgage with no associated life insurance (2.2 million nationally)
Source: Scottish Widows survey of 2,037 adults, 08.2005
Owner occupation is just under 70% in the UK and just under 80% in Ireland
Source: European Mortgage Federation, European Commission, 2000
Jump Money is a specialist in Mortgage Protection and is happy to answer any questions you may have related to Mortgage Protection Life Insurance, life assurance, term insurance and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money can help you protect yourself and your belongings call now on 0844 4170894 or fill in an online quote form today.
Saturday, 16 May 2009
Important Facts About Critical Illness Insurance
Taking the critical illness insurance will benefit you as well as your family members or beneficiaries. To choose the best critical illness insurance entails comparing each plan to see its advantages and disadvantages. Critical illness insurance is normally designed for the comfort of those whom you may leave behind.
Critical illness insurance beneficiaries vary from person to person. Some people take insurance and make charities as beneficiaries. Husbands take their wife as beneficiaries. As a business owner, one can make the business as a beneficiary of your critical illness insurance so that the business remain existent even you are not present.
The main purpose when availing critical illness insurance policy is to have one that suits your needs. Some people may take critical illness insurance with a coverage including wedding, payments of mortgage or university expenses. All these will determine the premium that you will ultimately pay for your life insurance policy.
Premium rates differ from critical illness insurance policies. Term life insurance has cheaper premiums. This is due to the length of time they are active. Whole life insurance is more expensive as regards to its premiums because of the major benefits it has.
Critical illness insurance has the advantage that you can pay off taxes and debts. A well designed critical illness insurance policy can assure that your children get the necessary education without any financial problems. Added the beneficiary can make use of the money for the day to day running of the house or other big financial projects.
With the advent of technology and great success in science, there seems to be a decrease in the mortality rate. However it is impossible to dismiss critical illness insurance. It's clear that death cannot be cheated. Everyone has to taste it. Critical illness insurance is a way to make sure that your care is felt by your beneficiaries when you are not here.
To benefit from final expense critical illness insurance, you should attain a certain age. Further, you need to pay a certain amount of money each month. At the time of your death, you will be covered.
Nowadays with the high cost of living in most countries, people are unable to save money that can be used for future needs. Critical illness insurance can play that role of saving so that your beneficiary has something latter when you are not here physically for them.
by Billy Leverton
Critical illness insurance beneficiaries vary from person to person. Some people take insurance and make charities as beneficiaries. Husbands take their wife as beneficiaries. As a business owner, one can make the business as a beneficiary of your critical illness insurance so that the business remain existent even you are not present.
The main purpose when availing critical illness insurance policy is to have one that suits your needs. Some people may take critical illness insurance with a coverage including wedding, payments of mortgage or university expenses. All these will determine the premium that you will ultimately pay for your life insurance policy.
Premium rates differ from critical illness insurance policies. Term life insurance has cheaper premiums. This is due to the length of time they are active. Whole life insurance is more expensive as regards to its premiums because of the major benefits it has.
Critical illness insurance has the advantage that you can pay off taxes and debts. A well designed critical illness insurance policy can assure that your children get the necessary education without any financial problems. Added the beneficiary can make use of the money for the day to day running of the house or other big financial projects.
With the advent of technology and great success in science, there seems to be a decrease in the mortality rate. However it is impossible to dismiss critical illness insurance. It's clear that death cannot be cheated. Everyone has to taste it. Critical illness insurance is a way to make sure that your care is felt by your beneficiaries when you are not here.
To benefit from final expense critical illness insurance, you should attain a certain age. Further, you need to pay a certain amount of money each month. At the time of your death, you will be covered.
Nowadays with the high cost of living in most countries, people are unable to save money that can be used for future needs. Critical illness insurance can play that role of saving so that your beneficiary has something latter when you are not here physically for them.
by Billy Leverton
Life Insurance Myths and Facts
When faced with the many different kinds of policies available and all the legal jargon involved, it’s no wonder that life insurance often gets a bad reputation in the area of financial planning. Different companies use different terms for their contracts and different agents can give you different answers to a single question. So, what do you do? How do you find out what is right and what is wrong in terms of choosing the best policy and whether you are even eligible for one in the first place? We have noticed that there are a few questions that keep cropping up in relation to life insurance and that there are subsequently a few myths that need to be cleared up before you can go ahead and make the correct choice.
Myth No. 1: You don’t need any life insurance.
False. There are a lot of people who prefer to take their chances and not opt for any type of life insurance. No doubt, it’s less likely that you will die young or during your working years, but then again that’s why premiums are so much cheaper if you buy them when you are young and healthy. However, the main reason you buy an insurance policy is to protect yourself and your family against unforeseen disaster. The right kind of insurance can offer you much needed financial security without leaving you penniless. If you have any dependents that rely on you and your income or even if you have racked up debts such as mortgages, credit cards bills, or auto loans, then life insurance is a necessity.
Myth No. 2: I don't need insurance if I don’t work.
False. Many stay-at-home parents think life insurance is not needed as there is no salary to replace. If you calculate the cost of childcare, housekeeping, cooking, and transportation, you may get a clearer picture of how much a non-working spouse contributes to an average household budget. You do the numbers for yourself and figure out how much these services would cost your family if they were outsourced. You can then use this amount to calculate the applicable life insurance coverage needed. It is imperative for everyone at home to have a life insurance policy and avoid any unnecessary hardships in the future.
Myth No. 3: The life insurance I get at work is more than enough.
False. If you are single and lead a modest life in terms of expenses, then your employer-paid term policy may be adequate. But, in case you are married with children or any other dependents, and are aware of your debts and funeral expenses, you may need more coverage than what is offered by your employer. You will need to crunch some numbers and review whether your employer-paid insurance is enough to look after your family in times of a crisis or after you pass away. Needless to say, if you leave the job or even after retirement, employer-paid insurance will not be applicable.
Myth No. 4: You can’t get insurance if you have poor health or if you smoke.
False. Just because you suffer from diabetes or heart disease, for example, doesn’t mean that you will not be able to qualify for any insurance. Many companies in fact specialize in these types of policies. This coverage will be more expensive, but it is still available. There might also be some companies that only demand an additional surcharge, while others might even charge a standard rate. The important thing is to shop around. Let’s face it; if you are living with a serious illness, a life insurance policy becomes that much more important for your family and dependants.
If you are a smoker, all is not lost as well. Your premium will be slightly higher than the premium paid by a non-smoker but you are still eligible for insurance. Some companies even have preferred rates for smokers, so always check beforehand. If you have managed to be smoke free for one whole year, a lot of life insurance companies will apply normal rates and consider you a non-smoker. Another reason to quit.
Myth No. 5: It's too much of a hassle to get insurance.
False. This may have been the case years ago but thanks to the Internet, the process has been made easily accessible and simplified. You are now just a click away from online quotes from dozens of preferred and highly rated insurance companies. You can then do all your research and purchase your insurance by downloading the application forms and scheduling the free medical exam necessary for any policy.
These are just five of the prevalent myths surrounding life insurance today. These facts will only prove that you should not leave life insurance out of your planning. There can be no more excuses against preparing for your future and protecting yourself and your family.
by Denise
Myth No. 1: You don’t need any life insurance.
False. There are a lot of people who prefer to take their chances and not opt for any type of life insurance. No doubt, it’s less likely that you will die young or during your working years, but then again that’s why premiums are so much cheaper if you buy them when you are young and healthy. However, the main reason you buy an insurance policy is to protect yourself and your family against unforeseen disaster. The right kind of insurance can offer you much needed financial security without leaving you penniless. If you have any dependents that rely on you and your income or even if you have racked up debts such as mortgages, credit cards bills, or auto loans, then life insurance is a necessity.
Myth No. 2: I don't need insurance if I don’t work.
False. Many stay-at-home parents think life insurance is not needed as there is no salary to replace. If you calculate the cost of childcare, housekeeping, cooking, and transportation, you may get a clearer picture of how much a non-working spouse contributes to an average household budget. You do the numbers for yourself and figure out how much these services would cost your family if they were outsourced. You can then use this amount to calculate the applicable life insurance coverage needed. It is imperative for everyone at home to have a life insurance policy and avoid any unnecessary hardships in the future.
Myth No. 3: The life insurance I get at work is more than enough.
False. If you are single and lead a modest life in terms of expenses, then your employer-paid term policy may be adequate. But, in case you are married with children or any other dependents, and are aware of your debts and funeral expenses, you may need more coverage than what is offered by your employer. You will need to crunch some numbers and review whether your employer-paid insurance is enough to look after your family in times of a crisis or after you pass away. Needless to say, if you leave the job or even after retirement, employer-paid insurance will not be applicable.
Myth No. 4: You can’t get insurance if you have poor health or if you smoke.
False. Just because you suffer from diabetes or heart disease, for example, doesn’t mean that you will not be able to qualify for any insurance. Many companies in fact specialize in these types of policies. This coverage will be more expensive, but it is still available. There might also be some companies that only demand an additional surcharge, while others might even charge a standard rate. The important thing is to shop around. Let’s face it; if you are living with a serious illness, a life insurance policy becomes that much more important for your family and dependants.
If you are a smoker, all is not lost as well. Your premium will be slightly higher than the premium paid by a non-smoker but you are still eligible for insurance. Some companies even have preferred rates for smokers, so always check beforehand. If you have managed to be smoke free for one whole year, a lot of life insurance companies will apply normal rates and consider you a non-smoker. Another reason to quit.
Myth No. 5: It's too much of a hassle to get insurance.
False. This may have been the case years ago but thanks to the Internet, the process has been made easily accessible and simplified. You are now just a click away from online quotes from dozens of preferred and highly rated insurance companies. You can then do all your research and purchase your insurance by downloading the application forms and scheduling the free medical exam necessary for any policy.
These are just five of the prevalent myths surrounding life insurance today. These facts will only prove that you should not leave life insurance out of your planning. There can be no more excuses against preparing for your future and protecting yourself and your family.
by Denise
Subscribe to:
Posts (Atom)