Insurance Marketplace, Inc Blog
There are several types of life insurance policies to choose from. However, it is not as complicated as it seems because it fundamentally comes down to two policies: whole life insurance and term life insurance.
Whole life insurance is a type of permanent life insurance that lasts your entire lifetime. In comparison, term life insurance covers you for a certain amount of time or term and will expire after the period has been exhausted. There are other insurance coverages and plans that fall into these two policies, and each of those has its drawbacks and advantages.
Shopping for life insurance amidst the pandemic can be tricky and inconvenient as it lessens in-person consultation with your insurance agent. Moreover, there were a lot of changes in policy applications, like medical examination requirements.
Medical exams are necessary for the insurers to rate your insurance costs depending on the severity of your overall health condition. However, if you are in good health, finding medical exams inconvenient, here are the types of life insurance coverages that do not require medical examinations.
After working for so many years, you would definitely like to have a good retirement. After all, who doesn’t want to live their retirement life merrily? However, for that to happen, you should plan ahead of time to achieve that goal. Although retirement will not happen today, you must act on it now to not regret it later.
To prepare yourself for your future retirement, here are some tips to help you. Please read on.
For many people, getting married marks the beginning of a new chapter of their lives. Invariably, marriage tends to open a new door in their lives, as first choices will directly affect how their marital life plays out. Having life insurance early on will help couples seamlessly prepare their lives.
Having life insurance offers protection for dependents, but single parents should be wise to get sufficient coverage. Life insurance lets you complete your financial plan and ensure your children's financial stability. Unlike other kinds of insurance, the person who pays for it is not intended to use life insurance but is supposed to be used by your loved ones.
No one predicted COVID-19 to get out of hand, and now, economies are still recovering from the effects of quarantine. Life has changed dramatically, but it does not mean that it can no longer be enjoyed to the fullest.
Everyone is vulnerable to fatal misfortunes, even more so in this time of global crisis. Planning about one’s death may feel uncomfortable but it does not have to revolve around the negative. The thought of securing financial stability for loved ones in case of tragic accidents is one positive view of motivation.
Life Insurance is hugely significant, particularly nowadays. It will help you prepare yourself and your family if something happens to you in the future. However, there are vital points that you should know about Life Insurance before trying to obtain it. Here they are as follows:
A balanced life is vital for personal peace and productivity. Wherever you are and whatever life stage you are in, you have a particular responsibility. So here are some techniques to achieve that balanced life.
Life seems so busy for millennials. All are busy achieving goals. But somehow, most tend to forget formulating a fail-safe plan. With the challenges of the now and the need to climb up the ladder, retirement seems far away.
We have rounded up the top reasons why getting a backup plan, in the form of life insurance, is as wise as working for the present.