Life insurance can play a key role in most any good, solid financial plan. One reason for this is because life insurance proceeds - which are received free of income taxation - may be used for any number of unique needs by loved ones and survivors.
These may include the payoff of debt (including a home mortgage balance), as well as the continued payment of ongoing living expenses - which can be highly beneficial if the insured is the family breadwinner.
But, as important as life insurance can be, it is also important to keep in mind that not all life insurance policies are the same. Nor are the insurance carriers that offer them. With that in mind, it is highly recommended that you ensure you are moving forward with the proper type and amount of coverage before you purchase a policy.
In addition, you should also make sure that the insurance company that you're considering purchasing the policy through is strong and stable from a financial standpoint, and that it has a good, positive reputation for paying out its policyholder claims. One company that meets these criteria is American General Life Insurance Company. (more…)
There are a multitude of reasons why someone may apply for life insurance. Just some of these can include the payoff of debt for survivors, and/or the ability to use the proceeds from a policy for paying ongoing living expenses in the event of the unexpected.
While life insurance can be extremely beneficial, it is important to understand that not all policies are the same. With that in mind, before going out and purchasing life insurance, it is essential to ensure that you are moving forward with the proper type and amount of coverage.
In addition, it is recommended that you make sure that the insurance carrier you are considering is strong and stable financially, and that it has a good reputation for paying out its policyholder claims. One insurance company that meets these criteria is Farmers Insurance Company. (more…)
When you’re shopping for life insurance, there are dozens of different factors that you need to consider to ensure that you’re getting the best rates possible. Because life insurance is one of the most important purchases that you’ll ever make, it’s vital that you make the best choice for you and your loved ones. (more…)
With so many different life insurance providers offering you rates, it can be difficult to determine which one is best for you. We at Chooseterm.com will certainly help you narrow it down, but it always helps to have some inside knowledge of your own. For example, you may not know that Legal & General is not an entirely separate company, but is instead the head company of Banner Life and William Penn.
Legal & General has a long, solid history and a variety of coverage options. Before deciding that this is the company for you, however, it is important to get as much information as possible ahead of time. We offer many company reviews on our site, such as reviews for AICPA Life Insurance, Mutual of Omaha and AARP.
There are over 800 insurance companies on the market. All of the have different products and rates that they are going to offer. When you’re shopping for life insurance, it’s important that you find the perfect company for you. Instead of wasting hours research, we are here to help. This post is going to look at Legal & General and give you the information that you need to find the perfect life insurance company. (more…)
Life insurance is a key part of most any financial plan. One reason for this is because the proceeds from a life insurance policy may be used for numerous needs, including the payment of debt, the continuation of ongoing living expenses of the insured's survivors, and/or the payoff of the insured's funeral and other final expenses.
Before purchasing a life insurance policy, it is important to first get some information about the insurance company that you are buying the coverage through so that you can determine whether or not the insurer is strong and stable financially, and whether it has a good, positive reputation for paying out its claims.
One insurance company that meets these criteria is Globe Life and Accident Insurance Company (or simply, Globe Life) - where just one dollar can purchase up to $50,000 in good, quality life insurance coverage, with no medical exam, and no waiting period for the coverage to begin. (more…)
There has been a recent update to Protective Term Life Insurance and I wanted to provide the details on it. Protective life insurance recently made some changes to their term life insurance offering, which makes their term life policy better and different than what most other term life insurance companies offer.
In this article I’ll cover the advantages of Protective term life insurance, compare their pricing to other term life companies with specific examples, and provide general information on Protective life insurance as a company. At ChooseTerm.com we represent over 30 companies, including Protective Life. You can compare term life insurance rates right below this paragraph and see how Protective term life insurance compares to other top life insurance companies, or you can keep reading for more information on Protective Term Life Insurance. (more…)
Could it really be true that you’ve never heard of some of the best life insurance companies? The answer might surprise you. Although there are a handful of life insurance companies that most people have heard of – such as MetLife, Prudential, Transamerica, or New York Life, it doesn’t necessarily mean they are the best companies for you. In this blog post I’ll list some excellent life insurance companies you probably never heard of, discuss criteria for choosing a life insurance company,and when it would be appropriate to choose companies like MetLife or Prudential. You can also compare rates using our quote tool below this paragraph, or keep reading for more on the best life insurance companies you’ve never heard of. (more…)
The purchase of life insurance coverage can be a major decision as it relates to your overall financial plan. One reason for this is because life insurance proceeds can mean the difference between loved ones being able to move forward financially or face financial hardship in the future.
The proceeds from life insurance coverage are received free of income taxation by the policy's beneficiary (or beneficiaries). This means that the recipient(s) can use 100% of the amount that is received for paying off large debts (such as a home mortgage) and replacing the insured's income that may be needed for continuing to pay everyday living expenses.
When choosing a life insurance plan, it is important that you determine the proper type and amount of coverage. Also, it is also essential to know about the financial strength and stability of the insurance company that you're buying the coverage through. That is because you will want the company to be there if or when a claim is filed. One insurance carrier that meets the financial strength criteria, and that is also known for having an appropriate method of paying out its policy holder's claims, is AIG. (more…)
Life insurance coverage is a key part of most any overall financial plan. One of the biggest reasons for this is because life insurance coverage can provide financial stability to families and other important people in the event of the unexpected.
When purchasing a life insurance policy, it is not only important to ensure that you have the proper type and amount of coverage, but also that you are buying that life insurance coverage from an insurer that is strong and stable financially, and that is reliable in terms of paying out its policy holder claims.
One company that meets these criteria is Primerica Life Insurance Company. With its focus on middle America, this company - which is sometimes referred to as "Prime America" - targets households that fall into the middle income, or the $30,000 to $100,000 per year, annual income range. Many of these individuals and families have inadequate or no life insurance coverage, and may also be in need of assistance with saving for retirement and other personal financial goals.
With its face-to-face approach of meeting with customers, the reps from Primerica Life Insurance Company work to assist their clients with reducing debt, and getting on track financially. The customers of Primerica reside in the United States and Canada. (more…)
Life insurance is an important component of most any overall financial plan. One reason for this is because this type of coverage can help you to protect those you love and care about from financial hardship in case of the unexpected.
Before you purchase a life insurance policy, it is important to have a good understanding of the type and the amount of coverage that you need. That way, you can better ensure that various financial needs will be met. Look into our post on understanding different types of life insurance policies to help you further in this process!
In addition to finding the right policy, it is equally important to review the insurance company that you are considering purchasing coverage through. This is because you want to know if the underlying insurance carrier is strong and stable from a financial standpoint and that it also has a good reputation for paying out its policyholders' claims. One insurer that meets these criteria is ING Reliastar. (more…)