Comments on: Life Insurance May Make Better Budget Sense Than You Think

By: Denise

Denise — Wed, 28 Oct 2009 11:59:19 +0000

The knee-jerk reaction to these trying financial times is to get rid of the unnecessary expenses in your life. But be warned that life insurance is definitely not one of these avoidable expenses. What you write about is absolutely true – life insurance is the best protection for your family in the case of your untimely death. But, I also cannot repeat enough that everyone benefits from life insurance. The belief that only families need insurance is no more applicable. Even if you are single, you will benefit from a life insurance policy to plan for your funeral expenses, clearing of your debts or even looking after any other dependents such as siblings and aging parents. I would urge everyone to go ahead and visit the various online service providers to get a quote at the earliest. Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion.

By: Money Hacks Carnival 68- Stanley Cup Final Edition | Financial Highway

Money Hacks Carnival 68- Stanley Cup Final Edition | Financial Highway — Wed, 10 Jun 2009 14:11:38 +0000

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By: Life Insurer

Life Insurer — Mon, 04 May 2009 16:44:54 +0000

Many people only have life insurance through their employers, so when they leave their jobs, they no longer have coverage. Term life insurance is fairly priced, so people leaving their jobs (and life insurance) should look into an inexpensive term policy.

By: Find a financial planner or advisor

Find a financial planner or advisor — Wed, 29 Apr 2009 16:19:20 +0000

Actually, cash value (permanent) life insurance has outperformed stocks for the past 10 years and many policies have outperformed the market over the past 20 years.

So the argument that it is unnecessary or expensive just don’t match the facts. It is actually when you are young (and still insurable) that you want to buy insurance to protect your future dependents. My wife had melanoma before age 30. My friend had a heart bypass before 40. If you have a potential insurance need, why not earn a competitive return on it also?

The following article describes how to choose an insurance rep:
http://www.claroconnect.com/Financial_Library/howto_insurance.htm

By: Jerry

Jerry — Tue, 28 Apr 2009 14:44:16 +0000

Well, life insurance for the really young doesn’t make any sense to me. There are some that promote it but it just doesn’t seem sensible. I think for a parent to take on out on a child could lead to some paranoia. I don’t know…
Jerry

By: Patty D

Patty D — Sun, 26 Apr 2009 21:19:14 +0000

I agree with the previous poster. The people that need the most life insurance are people that are supporting the family. If people are depenant on you then yes get lots of life ins. Whether it be the husband or wife that has a the job that supports the family. And never never get whole life insurance. If you get old and end up in a nursing home, that is considered cash and you will have to cash it in anyways to pay the nursing home. I have changed my thoughts on things so much lately, things like its not always a great idea to keep all your money in the bank or invested. Keep it in a safe and no one can touch it, you cant lose it to market crashes. The state cant take it if you end up in a nursing home. Whether thats right or wrong it sucks to work your entire life to lose everything to a nursing home.

By: Farhan Thawar

Farhan Thawar — Sun, 26 Apr 2009 15:33:30 +0000

I couldn’t disagree more. Young people should not be buying insurance since they do not have dependents that need the money.

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Fri, 24 Apr 2009 20:29:54 +0000

Life Insurance May Make Better Budget Sense Than You Think: This is a post by Chris Wilson who is an insurance e.. http://tinyurl.com/c8dj9m