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The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. For example, who will be responsible for your funeral costs and final medical bills? Would your family have to relocate? Will there be adequate funds for future or ongoing expenses such as daycare, mortgage payments and college? It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business.
For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below. Answer Life insurance is all about providing financial protection for your family in case of the death of the policy holder. It is protecting your family against the uncertainties of life. If you have large debts, mortgage, liabilities, purchasing a life insurance policy can also offer peace of mind by knowing your loved ones will not be financially burdened, in case you die.
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What is non-life insurance?
Its all insurance that is not life insurance such as health insurance, auto insurance, home insurance, and so on.
Does Gerber Life Insurance Company do adult and child life insurance?
Yes! Although the Gerber Life Insurance Company focuses on the fact that they provide life insurance for children, they do in fact, sell life insurance to people of all ages and in all stages of life.
What different types of insurance are there?
There are mainly two types of Insurance, Life Insurance and General Insurance. Life insurance deals with the Securing the future of dependants of life assured. General Insurance deals with insurance of all other things life fire insurance, motor insurance, marine insurance etc.
Does all life insurance have no physical term?
No, term life insurance has a term, hence the name.
What is life insurance industry all about?
No
Where can I buy a life insurance plan?
You can buy a life insurance plan, individually, or a family life insurance plan, from a bank, or an insurance company, such as all state, progressive, or state farm.
Does California tax life insurance payouts?
No California does not tax life insurance payouts. Life insurance benefits are tax free in all of the United States.
Does seeing a pychologist diqualify a person from life insurance?
Not at all as long as you get to the "right" life insurance company. There are a number of life insurance companies that specialize in depression life insurance, bipolar life insurance, anxiety life insurance. The key is to work with an impaired risk life insurance expert who can direct you to the correct company based on your specific circumstances.
Where can you find cheap life insurance in Indiana?
Cheap life insurance can be found easily in Indiana. Gerber, metlife and allstate all offer cheap life insurance policies. Choose term life insurance.
What is the rate for life insurance in Canada?
That is an unanswerable question due to the fact that Canada doesn't have a specific life insurance, it all depends on the life insurance plan you take.
How do you check life insurance status?
Phone your insurance company they will have all the information
Can your beneficiary collect life insurance benefits after your suicide in the state of Tennessee?
No, if the life insurance policy is less than two years old. Some insurance companies would not pay at all in case of suicide. It all depends on the conditions in the life insurance policy.
