Tag Archives: online life insurance quote
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,
Life insurance is a difficult subject, it is a decision we all have to make, and a thing we all should have. Whether it be a simple policy that will pay out when we die so that our families are not overly burdened by our passing, or an investment for our retirement. The industry is full of difficult language, clauses, contracts, exceptions and fees. It is a minefield waiting to catch the unwary, and one that some people dread to walk upon.
That’s why we have insurance broker, and life insurance agencies. They are there to make the minefield seems a little less perilous, safer to walk through. They are there to make sure that you connect with the policy that suits you best,
Choosing Life Insurance Beneficiaries
Nobody likes to think of dying, but as it is a fact of life it must be given consideration at some stage in your life. Typically, people will start to think about life Insurance when they start families or relationships. Other reasons are if they enter into agreements where they require security in the event of their death. Choosing life insurance beneficiaries could be difficult.
What Should I Take Into Account
Who are the beneficiaries going to be is an important one. Does any money paid out go automatically to your spouse, children or bank? If you are in a stable relationship, but not officially married, does your partner automatically receive payment?
We have all seen where people have died and their families have hit the headlines while battling among themselves.