Life And Health Choices

You can trust in what experts say about a subject - as long as you understand your own personal situation is unique and that no single solution fits all. Let's take the subject of having term life insurance . Financial experts such as: Dave Ramsey, Suze Orman, and Clark Howard have weighed in on the matter of having term life vs. whole life and other life insurance products. Consider the purchase of term life by asking these questions: - What are the main reasons to buy any insurance? - How much insurance should I buy? - When should I buy insurance? The answers can address more than one question. That's good! It makes things simpler. Give me a reason to buy term life. 1. You got married. You have had an addition to the family. You bought a new house with a mortgage attached. They are really all the same reason: you've had a "life event" and now your life has changed. You need to protect those changes. 2. Term Life is more affordable and eas...

Get Your Money Back If You Never Use it. Mike is a 35 year-old who just bought his second home. He's married, has a great wife and 3 children, ages 9 , 7, and 2. That new home is going to provide them much satisfaction and great memories in the future. Right now, Mike sees it as a 30-year, $300,000 responsibility he wants to protect as well as the wife and kids. The group insurance Mike has through his employer is not enough to cover his entire mortgage and he's looking for additional insurance on his own. He's heard about Return of Premium insurance and is considering this option. Mike is building his 401k at work and is following other retirement strategies. Does this Return of Premium work into his retirement picture? Insurance companies began offering return-of- premium   riders  on their term policies in the early 1990s as a solution to the "live-and-lose" dilemma presented by traditional term policies. As the name implies, this rider will allow a  p...