Comments on: Why term life insurance really is the right choice!!

By: Ocearcepync

Ocearcepync — Tue, 21 Oct 2008 03:32:23 +0000

Hello,
My Name is, Christopher
great posts on here
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http://2NLzTtB5.spaces.live.com/

By: adrienne bagwell

adrienne bagwell — Tue, 08 Apr 2008 02:57:41 +0000

I completely agree with you on the young family with children case and low income. Term is definitly best for their situation. However, you have to access each situation, because I have found that for my empty nest clients that UL works best b/c they dont have to worry about the policy ending when there health is changing or renewing for a shorter term when they need it for longer. So like I say no policy, whether it be term, WL, or UL is a one size fit all.

By: Ed Hinerman

Ed Hinerman — Mon, 10 Dec 2007 15:08:48 +0000

Chris,
I don’t know about the UK, but virtually all incentive to purchase joint life has been removed here. Generally the price savings in finding the best company fit as individuals trumps any savings a couple might find in applying together.

While there are some sticking points when a claim is made, I think the more relevant issue is what happens when there is a divorce and the husband is still the owner and beneficiary of a policy on his ex-wife.

By: Chris the life insurance broker

Chris the life insurance broker — Mon, 10 Dec 2007 14:50:27 +0000

Another question to think about is whether a joint life or two single life policies is best value? Many people choose a joint life policy because it is cheaper but rarely think about the consequences if a claim was made.

By: Kevin

Kevin — Sat, 06 Oct 2007 09:52:04 +0000

Funny thing how Only term and Universal life comes into play. Why don’t you input what whole life can do too…? It will really help people out if you also describe what whole life is and does. Trying to wing for term and can’t even fully disclose all the infos. Using info that will be to the advantage of term is great but pls…not at the cost of other’s savings.

By: Mikey

Mikey — Fri, 27 Jul 2007 19:25:35 +0000

Sean – Globe is known to be a scam.

It prays on those who are easily confused by larger insurance companies sites/contracts.

I would encourage you to look at a real life insurance company, not a “burial insurance” company. For the price you are paying, you could easily get x10 the coverage. My 2 cents

By: Arizona Insurance Life, Rate, Quote, Term

Arizona Insurance Life, Rate, Quote, Term — Tue, 03 Jul 2007 22:51:47 +0000

I think those renewal numbers are a bit high but I would like to see someone buy lots of term and have their family protected than buy a small permanent product that would benefit them later on. Hopefully at some point a client can supplement their term with some permanent. In retirement, they are going to wish they had locked up at least some permanent life insurance.

By: Ed Hinerman

Ed Hinerman — Sat, 30 Jun 2007 17:22:52 +0000

Sean, If you bought from Globe you are paying too much. That’s the bad news. The good news is that you’ve got coverage so while you look for better rates the need is covered.

By: Sean

Sean — Fri, 29 Jun 2007 23:45:51 +0000

This is a really good and informative post. I wrestled between the choice of whole life and term insurance and I ended up going with globe term insurance. The rates are pretty decent and the coverage seems good. Hopefully I won't need to use it anytime soon.

By: ben

ben — Mon, 19 Mar 2007 07:03:14 +0000

yes you are right…term insurance is the right approach to budget.I recommend your blog to debtcc blog hunt contest.