Life Insurance – $aving Money Tip$

admin May 27, 2015 Life Insurance

How Much Insurance Do You Really Need?

If you have dependents, you probably need life insurance. However, there are many aspects to buying insurance that can make the purchasing process confusing. Do you need term or whole life insurance? How long a time do you want to be covered? Where should you buy your insurance policy? But before all that, it’s important to figure out how much life insurance you need. We’ve got six questions for you to ask yourself to help decide. The more clearly you understand your situation and needs, the better a decision you can make about life insurance. 1. How Old Are You? If you are just starting to bring home a salary and have many years of income to cover in case something happens to you, you will likely need

Debt Management, Relief & Consolidation

admin October 17, 2014 hobo nora, Life Insurance

Mortgage Life Insurance – and Why You Don’t Need It

When you get a mortgage, you’re usually offered mortgage life insurance; a life insurance policy that pays off your mortgage if you die. It might seem inexpensive, and good protection against life’s unforeseen circumstances. But mortgage life insurance isn’t nearly the good deal it may appear: here’s why you don’t need it, and what you can do instead. MORTGAGE LIFE INSURANCE: THE BASICS (AND WHY YOU DON’T NEED IT) With mortgage life insurance, if you (the mortgage payor) die, your mortgage is paid off in full. For this privilege, you pay a monthly premium along with your mortgage payment. If you decline mortgage life insurance when applying for your mortgage, you often need to sign waiver forms declining it, which might make you think twice about your