Insurance Marketplace, Inc Blog
Being in your 20s is the stage of adulthood wherein you can earn money and party at the same time. An age that is most likely to have your health and money levels in balance. However, thinking about the future won’t hurt as well. Here are six concrete reasons to get life insurance in your 20s:
The current pandemic opened up an awareness this past year: from valuing every minute to knowing what matters the most. It all boils down to a moment of unreadiness that eventually shaped each one in unusual ways. The new normal may now appear as a work-from-home set-up, retrenching of workers, and grieving family that lost a loved one.
Life insurances have always been essential. It is being given more emphasis lately, especially since COVID-19 turned the world upside down. Below is information you might want to know about your insurance coverage when dealing with the coronavirus.
If you’ve ever tried working, especially in the private sector, you must be familiar with Group Term Life Insurance. This is the type of insurance that usually comes with benefits packages provided by companies when you get hired. For the most part, it’s a good thing since it secures you while you’re working for them. But is that really enough?
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.