Tag Archives: Best Life Insurance
Don’t leave making a Will too late
Making a will is one of the tasks that people tend to put off most. Also, it’s one of the main reasons why millions of dollars worth of assets left by loved ones don’t end up in the right hands. Don’t leave making a Will too late.
None of us like to talk about death and I can understand why. However, failing to make a Will can leave those left behind with significant problems and stress. Extra stress not needed at what is already a tough time.
You have spent a lifetime working hard to accrue wealth and property. Surely you want to have a say in who receives what when you die?
Joint Term Life Insurance Explained
First of all, what is “Term Life Insurance” ?
Term Life Insurance is where you take out a policy to cover a death of the insured for a set period – the Term. To have Joint Term Life Insurance Explained, we have to talk about a few more topics. These are typically used by people who may have a mortgage, or other large repayment commitment. These people require coverage to make sure that payments are covered in the case of death. Once the Term insurance is finished you do not get any funds in refund for not making a claim. In addition, there is no surrender value.
Once you stop paying the premiums on a joint term policy,
Hobbies That make your Life Insurer Squeamish
Things like smoking or having a high risk job will affect your life insurance policy – namely the premiums will be higher in relation to the risk you take. Most people, however, do not think of their hobbies when they take out a policy. What hobbies may make your Life Insurer squeamish? Some activities that you perform as a hobby in your spare time will make your insurance company very nervous. An obvious example; having “skydiving” as a weekend hobby will affect your policy. It will cost you a lot more than someone who doesn’t go skydiving as you have a greater risk of being killed while enjoying this hobby.
Failure to inform your life insurance company of a potentially dangerous hobby could result in the company not paying out in the event of a death while partaking in that hobby,