Protecting Those That Matter To You Most. If you think about it for a minute, you insure everything that's significant in your life; why not insure yourself? You are priceless after all (or at least pretty close to priceless).
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How Much Life Insurance Does a Stay-at-Home Parent Need? Generally, financial gurus recommend that you get 5-20 times your annual income in life insurance coverage. But what if you have no income because you’re a full-time stay-at-home parent? Or what if you contribute a few hundred bucks a year to the family bank account with your side job while you mostly stay home with the kids? We all know that anything times zero is zero, but that doesn’t mean that a stay-at-home parent should not have life insurance. In fact, as a stay-at-home parent, you make hugely valuable contributions to your household, contributions that would cost your family a pretty penny should something happen to you. According to a recent Salary.com survey, the services of a stay-at-home mom in 2012 (sorry, dads, you weren’t part of the survey this time) would cost about $113,000 if you had to outsource those services. The survey looked at the services provided by a typical homemaker, including housekeeper, child care, chauffeur and more. If you had to outsource all those services, you’d pay a lot to do it. But does that mean that a stay-at-home parent needs more than $1 million in life insurance? Probably not. The truth is that in single-parent households, not all of these services are outsourced. Yes, if something happened to you, your spouse would have to pay for day care and would probably like to pay for extra services like housekeeping. But plenty of working single parents clean the house, make the lunches, plan the doctor’s appointments, run to school and soccer practice, and work. The Goal is Something In Between While your stay-at-home parent services are invaluable for your family, you don’t want to wind up with more life insurance than you can afford thats why We at Worry Free Life Insurance are here to help you with purchasing your policy. Simply Call 1-866-662-6903 for a FREE Quote1
We know that finding the right Missouri life insurance Policy can get confusing—and even a bit overwhelming at times. From having to weigh the pros and cons of term life insurance versus whole, universal and variable and beyond—it’s easy to get lost amongst the terminology and coverage differences. That’s exactly why we at Worry Free Life Insurance want to be more than just your insurance provider, we want to be your trusted coverage ally and friend. By helping you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime; we vow to secure you a tailored Missouri life insurance plan you can rely on. SIMPLY CALL 1-866-662-6903 for a free Quote!
Our hearts go out to all that has suffered from the Boston Bombing. It things like this that make us work harder to provide #lifeInsurance #termLifeInsurance to Missouri Residents and help them with what matter most ! Family...
Which Is The Best Life Insurance Policy To Buy? Similar to buying a home, buying a life insurance policy is also one of the major necessities in our life. People buy a life insurance policy to protect their near and dear ones when they are no longer there to look after them. They are provided with a lump sum amount or monthly payments as financial support to sustain their livelihood. At present, there are many life insurance carriers with a host of life insurance cover and annuity products and this huge presence of carriers makes choosing a life insurance a difficult task. Therefore, people often go for online comparison sites and shop around to find out the best possible cover. Evaluating and comparing the terms and conditions, premium rates, benefits offered and limitations is important to finding a good policy. Choosing the best life insurance policy to buy When you are determined to purchase a life insurance policy to protect yourself and your family, there are mainly two options before you – whole life and term life insurance. Whole life insurance is designed to cover the entire lifespan of a person and term life insurance policies are valid for a particular term or period of time, for instance 15 years. There are subcategories of term life insurance such as level term life and decreasing term life insurance. Benefits of whole life policies The advantages offered by whole life policies are as follows: 1) Whole life policy is permanent in nature If you are a regular premium payer, then your whole life insurance policy won't run out. You rest assured that your near and dear ones will get something when you pass away. 2) Whole life policy works as a estate planning tool Finance professionals frequently suggest buying a whole life cover for the purpose of estate tax relief. Since the death benefit offered to the beneficiaries is tax exempt, and your property is subject to taxation (if valued over $1.5 billion), then the one time payment can be utilized to make payment for that cost. 3) Whole life covers are forced savings Despite the fact that whole life policies are expensive, there is a cash value which is tax exempt in nature. Senior and elderly people can make use of this saving and this often turns out to be a lifesaver. Benefits of term life policies 1) Term life policies are cheaper Term life policies are more affordable than whole life cover. However, you will receive the payout if you pass away within the specified term. 2) Term life policies are simple to buy Term life policies are simpler to purchase than whole life policies. All you need to do is search for a reasonable premium rate. 3) Term life policies are short-term Term life policies are designed only for a particular period. After this period, the policy expires. So, you can buy as much coverage as you require. It is also ideal for people who are not able to afford whole life cover. 4) Term life cover is convertible Another benefit of term life policies is that they can be switched to permanent or whole life policies. A good life insurance policy is the one which can finance the household expenditures, pay off debts, work as investment and provide for the cost of wedding and education of your children. Nowadays, people are also picking relevant life policy which is a policy provided by employers to protect their key personnel. It is a death benefit plan, tailored for a single person. Hence, choosing the best policy depends on a number of factors such as your health condition, age, standard of living, occupation, budget and purpose for which you need a life insurance policy! Call 866-662-6903 For a free Quote!
Life Insurance By Age How old you are is among the primary factors affecting the kind of life insurance coverage policy you purchase, and just how much you'll need. Our "Life Insurance Coverage by Age" pages consists of an abundance of information there to help guide you with your purchase and coverage of life insurance. ...