The Advantages Of Whole Life Insurance

The Advantages Of whole life insurance Will Make This Form Of Insurance More Attractive Than Any Other Type Of Insurance

There are a number of advantages of whole life insurance. Whole life insurance is really a permanent life insurance or ‘straight’ life insurance that is very popular and which covers the entire life of the insured until the day they die, hence the use of the word “permanent.” The greater popularity and increased demand of the whole life insurance is due to the fact that it provides financial protection as well as accrues cash value and also pays dividends on the policy.

A Few Notable Advantages Including Death Benefit, Cash Value, And More

A primary advantage of whole life insurance is that it is an investment that secures the future of the insured as well as builds up finances that is of help in case of trouble in the future. Another advantage of whole life insurance is the Death Benefit, which guarantees that the death benefit will not go down ever. It is also free of Federal income tax and is also available in the form of monthly income if you do not wish to take a lump sum payment.

Consistency of premium level is another advantage of whole life insurance as there is no increase in the premium, which is unchanged and not like other forms of insurance for which premiums keep changing in the upward direction.

You can also get another advantage from whole life insurance in the form of “cash value” in which the whole life insurance accumulates useable cash reserves. This is applicable only to whole life insurance and is an increase that results when the premium is paid and is also accumulated tax deferred.

When you take out a whole life insurance policy, you are able to earn dividends which are another advantage of whole life insurance, and you can receive the dividend in the form of cash that can be used to make purchases for paid up additions, used to minimize premiums or even used to get interest by keeping it within the policy.

As you can see, there are many advantages of whole life insurance that are quite unique, and which makes taking out a whole life insurance policy really worth your while. There are many experts that can provide counseling as well as advice on how best to go about getting a whole life insurance, and who will be able to explain the benefits to you if you purchase this type of insurance. So, why not get a whole life insurance policy and reap the many benefits that will help you in the future?

Call today for a FREE quote 270-326-8000 ask for Curtis Staggs or go to whole life insurance to get your quote and a free funeral estimate.

Curtis Staggs is a 20 year business veteran. He’s been in the insurance industry since 2003. He’s an independent life insurance agent serving multiple states. If you’d like to learn more about life insurance products call 270-326-8000 to get a free no strings attached teleconference about the benefits of having coverage.

Why Buy Life Insurance?

This persuasive paper is designed to influence you to recognize your need for life insurance, specifically a permanent life insurance product, and some funeral planning. I’ll be using a few of the seven strategies of influence, namely reason, friendliness, and bargaining. I selected these strategies because they’re the ones that I personally use everyday in my business. I’ll use reason, because there’s an abundance of data to support my argument. Friendliness is just good business and bargaining is the nature of the beast. By the end of this paper you will know that you need a life insurance product. That sentence was a demonstration of assertiveness. Now, let the persuasion begin.

Who am I? My name is Curtis Staggs, I’m an independent insurance professional licensed in the states of Kentucky, Indiana, and Tennessee to sell life insurance products and annuities. I started in the insurance industry in 2003 with Allstate marketing their home and auto insurance products. I transitioned into life insurance in 2010 and now I have the honor and privilege to help people make preparations for their family.

First and foremost, the reason you need life insurance is because you will eventually die. I know it’s something that most people don’t want to face, their own mortality, but everybody everywhere will face death at some time. This is an incontestable scientific fact. For thousands of years, maybe more, there are millions and millions of humans before you who have died. Benjamin Franklin said, “In this world, nothing is certain but death and taxes.” This is a truth we all know. This human science experiment has always ended the same way. The evidence is overwhelming. Death is a certainty; the only question is when will it happen? What can we do? We can make preparations for our families and those we love to lessen the financial and emotional burden on them. A little preparation equals a lot of peace of mind.

Unless you have vast resources of capital, life insurance is the most economical vehicle to prepare for the financial repercussions of your untimely death and the costs involved in your final expenses. A life insurance product allows you to shift the risk of financial loss from your death onto the insurance company, so your family does not have experience financial as well as emotional loss. You can use a term policy, which is a policy that expires in a certain number of years, to protect the loss of your income or send your children to college, etc. These term policies allow you to create an instant estate in exchange for a small monthly premium. Term polices are very affordable, especially if you’re in decent health. If you’re protecting the loss of income, I’d suggest that you need a policy roughly 10 times your yearly salary. So, if you earn $50,000 a year, you need a policy with a face amount of $500,000 or more. Again, the downside of term is that they do eventually expire. You can renew, depending on your age at the time, but just know you will be re-rated at your current age and health. Term policies are not usually available to individuals over 72.

The second type of insurance we’ll discuss is permanent insurance. The most common permanent insurance is a whole life insurance policy. Whole life insurance is more costly than term, but for good reason. This type of permanent insurance is exactly what is says it is, permanent. It is with you until the day you die. As long as you pay your premium, it will not expire like term insurance. Your premium rate with a whole life policy will never go up and your benefit, the face amount of the policy, will never go down. No matter what happens with your health or the economy. A whole life policy also builds cash value overtime that you can borrow against. Some people use whole life as a savings mechanism because of these cash values features. Whole life is generally used to protect against funeral and final expenses. According to the Funeral Consumer Guardian Society, an average funeral in Kentucky using earth burial costs $6,000 to $10,000 depending on preferences. A typical whole life policy is written for $15,000 to $35,000 coverage to allow for inflation costs and other final expenses.

Should you choose term or permanent insurance? That’s a great question and there’s a lot of misinformation in the marketplace about this subject. Some want to argue that one type of insurance is better than the other, which is really like saying a hammer is better than a screwdriver. It’s a silly argument; better is defined by what you’re trying to accomplish. It’s really very simple. Do you have a temporary problem or a permanent problem to solve? If it’s a temporary problem like protecting your young children or spouse against the loss of your income then use term. It’s very affordable so get the longest term you can while you’re the youngest and the healthiest. You’ll never be younger than today. If it’s a more permanent problem like protecting your loved ones against the financial costs of a funeral and final expense then use permanent insurance. The truth is most people need both types of insurance at some points in their life. I have a young family, so I have some term insurance while their still at home. I also have a whole life policy because I know some day I will die and I don’t want my loved ones to bear any financial burdens. The permanent problem of death is something that we all face, so everyone needs some permanent insurance. It just makes sense.

Once you’ve dealt with the financial burden, you need to also take a few moments to address the emotional burdens. I’m talking about funeral planning. While you’re still alive you can make some basic decisions about your final wishes so your loved ones do not have to guess what you would have wanted. Write it down. You can obtain final wishes guides from most whole life insurance agents or on the internet. Write down your wishes. What funeral home do you want to use? What music if any do you want played? Do you have a minister of choice? You get the idea. You are doing such a service for the people you love. They won’t have to worry or stress about the little things. This will help your loved ones as much if not more than the financial planning. As I said earlier, a little preparation equals a lot of peace of mind. Prepare today and you’ll find peace of mind too.

I can be reached at 270-339-3672 for a FREE quote.

Life and Health Insurance Foundation. Web. 13 Feb. 2011. .

Funeral Consumer Guardian Society: FCGS. Web. 13 Feb. 2011. .

Debt Management Plan – Obtain Liberty Out Of Expenses

Currently being bound to debt which makes you are feeling just like you imprisoned because of credit card debt is never easy.

Being restless during the night. Praying the collectors don’t get in touch with when your loved ones are around. And determining you may be likely to pay next months light costs by the due date or maybe pay one particular nagging credit cards earlier than it might be past due again really can be a headache.

At one point maybe you have tried out getting in contact with the creditors yourself to attempt to come up with some sort of deal or debt management plan with them. And the truth is always that credits can really care significantly less irrespective of whether you are being affected by your bills. They are in position to bring in more revenue the further you are in debt.

You may have also discovered your interest rates increasing high as your debt slowly and gradually piled-up at the same time. And the soaring interest rates and debt actively works to the credit card companies advantage taking into consideration time for them to pay up.

This is why discussing with creditors to sort out some kind of debt management plan never works…unless you involve some type of expert experience.

And achieving the suitable debt management plan will be the difference between revealing your hard-earned income with credit card companies and you also having the capacity to breathe a sigh of relief when you have gotten eliminate of your debt.

Knowing that your debts are cared for, credit card companies have stopped getting in touch with and you can finally shop anywhere you would like and never have to concern yourself with your card rejected is now possible whenever you reach out for the specialist help that is available to you.

Along with the past you had no option but to pony up the total amount or risk getting taken to court for staying away from your payments. Fortunately now by selecting the most appropriate professional help it is possible to now pay less than what you owe. Which means that you are able to pay off your debts faster and also put more money in the bank for household emergencies or even to spoil yourself a little bit.

At this point it really is up to you either to carry on to let your lifetime spiral out of control because of debt, or you can make utilization of what is open to you so that you can finally breathe and enjoy life like you used to.

Understanding Dependable Debt Management

A large number of people individualstoday have debts, and a number of of them have issues managing these debts, especially those that have several debts to diverse companies. All of us have experienced becoming in financial debt, and people today have distinctive techniques of dealing with this situation. Accountable debt management is really vital for residing in the direction of a debt free lifestyle.

Some people today have exceptional skills in debt management, whilst other people appear to get problems dealing with them. They are unable to obtain a stability in coping with their debts, and in worst cases, individuals today who’ve debts approaching bankruptcy, tend to become lured into coping with fraudulent organizations who supply instant relief from their debts. But this kind of presents ordinarily just worsen the situation and speedily deliver you down to earth. Deciding on the best moves aids considerably with managing debt. Here are a few ideas and tricks that might help with managing your debts.

First of all, maintain a record of money going in and going out, and set up a spending budget based on your salary and every other revenue. Decide in your basic daily requirements, in the exact same time making certain there’s enough left to shell out your month to month costs. When generating your budgeted bills it is paramount which you abide by your spending budget and don’t invest on unbudgeted items. Overspending your price range is the most widespread trigger of financial debt tension. Continuouslystick to your budget program.

When budgeting, reduce all pointless costs, for instance funds for leisure actions can be decreased to a minimal. Some sacrifice will likely be needed to reduce your debt far more rapidly plus the sooner you might be out of financial debt the sooner you’ll be residing a debt-free existence. Only then are you able to loosen up the constrictions you’ve endured, consistentlyremembering to not exceed your price range and as a result getting rid of the necessity to get a future mortgage.

Subsequent, when determining which debts to pay out fairly first pay the ones which are greater in interest prices! Paying the increased interest debts initial first decreased the complete interest charges you might be paying far more rapidly. Then transfer on to the debts with the next highest curiosity expenses and so on, operating your way down to the one using the lowest rate. This system will save a lot more money than starting using the lowest fee ones rather first.

If all of these seem as well complicated for you personally to deal with alone, looking for aid from a debt management company could be a good idea. These types of firms will help you in producing your plans doable plus they typically offer other associated providers like debt consolidation in the event the scenario gets out of hand. Getting said that be particularly careful of debt consolidation as it may well just make the scenario even worse.

Always look for the help of a trustworthy provider.

Variouspeopleand womentoday take unique measures in fixing their issues, but quite simply all of it arrives down to becoming accountable and being in management.