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Life Insurance

An Overview on Life Insurance and What to Expect When Applying

Life insurance is generally not much of a thought until people start to have kids and buy homes. But, you should have life insurance much earlier on in life. God forbid anything to happen to you — be it an illness or tragic death — you’re leaving your immediate family members or next-of-kin responsible for paying your funeral and burial fees. So while none of us want to think about the inevitable, it’s best to plan ahead so you don’t leave people behind with an added financial burden on top of the grief they will have after you’re gone.

But, insurance is a very critical part of your financial security, however confusing it is. It’s boring, depressing but necessary. But you need insurance to replace your income in the event you pass away unexpectedly. It’s common to purchase enough insurance to replace your after-tax income until your minor children reach the age of majority. It’s also common for people to purchase enough to put their children through college.

Here, we’ll provide you with some information regarding insurance and the application process.

Term Insurance

Term insurance is truly the best type of insurance to even consider. It’s cheaper and it’s a great financial decision.

Term insurance works just like your homeowner or automobile insurance policy. For each year you pay your insurance, you are covered. If you pass away within the covered period your beneficiary is paid a death benefit. The policy expires after you stop paying premiums or when the period ends.

The Application Proces

When you apply for insurance, you will complete a form asking some basic information, such as your age, gender, weight, whether or not you smoke, your healthy lifestyle, etc. You will also have to put in some basic contact information.

You’ll then be asked to select how much insurance you need and for how long. You’ll complete a brief form about you.

For more information on insurance, you’ll need to talk with a professional insurance agent or provider.






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