Posted April 14, 2009 - 21:26 by Nora Dunn
Personal Finance
So you think you need life insurance, or you know it is time to review the insurance coverage you currently have (which is something you do every few years, right? Right).
You may already have a Universal Life or Whole Life insurance policy, or you may have an insurance agent or financial planner in front of you telling you that you need one.
Read on for a comprehensive look at both forms of insurance, with pros, cons, and example applications for each.
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Posted April 7, 2009 - 22:19 by Nora Dunn
Personal Finance
Buying Life Insurance seems to be one of those “I’ve finally grown up, I guess I need life insurance” sorts of decisions you make. It often comes into play when you buy a house, get married, or have children.
As it should.
But getting life insurance simply because you think you might need it, without really understanding how much to get or the options you have is a mistake – one that could cost you now in overbearing and unnecessary premiums, or one that will cost you (or your loved ones) later, when you realize that there wasn’t enough to cover your needs.
Here is a basic guide to get you started.
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Posted March 26, 2009 - 16:41 by Nora Dunn
Taxes, Investment
For many of us 30-somethings (and some of us both younger and older), our parents took out whole life insurance policies for us when we were kids. When we became income-earners and were deemed responsible enough, a ceremonious transfer of papers occurred, where we were told gravely that this policy is to be kept paid up, as it will be worth a lot of money. Sometime.
What is this insurance all about? Why will it be worth a lot of money? Should I just cancel it and take the cash? Or is there something else I don’t know?
If you have any of these questions, read on. You may discover that your whole life insurance policy is worth much more than you thought.
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