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Further
Reading ...
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Cleaners And Our Health
Many people use strong cleaners or acid cleaners to make the house clean and to get hard to clean stains out, but people don’t realize that many cleaners are bad for our health they contain ingredient that irritate the skin and the fumes that...
At Last, the Secret to Painless Hair Removal
Is there such a thing as painless hair removal?
There are several types of hair removal products and systems that we can purchase today, but the biggest complaint has always been the pain of removing unwanted hair especially in sensitive areas...
The Essence of Infidelity
Infidelity affects 8 out of 10 marriages in this country. This is a shocking statistic! What happens between the time the marriage vows are spoken and that first episode of cheating? It’s an assumption, of course, but I don’t think that 80%...
Do You Really Want a Relationship?
With a divorce rate in this country that approaches 50%, and a fairly sizable percentage of marriages that aren’t particularly blissful, it’s difficult to avoid searching for the answer to the battle of the sexes. Would you like to stop searching?...
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Term Life And Whole Life Insurance
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Written By:
Ivon T. Hughes
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Which type of policy is best for you, term or whole life? The answer depends on several factors, including:
Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life policy.
Cash-value insurance is better suited for long term needs, such as planning estate taxes and providing lifetime security for your spouse. Some term policies cannot be renewed past age 70 or 80 and can become costly to renew as you approach that age.
The Cost. If term life insurance is more suited to your budget and you want life time coverage, consider a term life policy which can be converted into a whole life policy. Then you can convert the policy whenever your cash flow or needs dictate. You can also purchase a combination of term life and whole life insurance and gradually shift into whole life insurance over time.
Your Savings and Investment Goals. Whole life insurance can be a good long term investment vehicle, especially because the cash value has the potential to grow tax-deferred. Should you no longer need the insurance but want some extra - continued below ...
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cash, you may surrender the policy and collect the accumulated cash value. Be sure to discuss the tax consequences with your tax advisor first.
As an alternative, you could purchase term life insurance and invest what you save on premiums on your own. Compare the returns you can expect, and remember to take taxes into consideration if you plan to select taxable investments.
So, Should I Buy Term Life or Whole Life Insurance? Term life and whole life insurance both have advantages including immediate family protection. Deciding which type of policy and which features are right for you takes careful consideration and, most times, a comprehensible look at your financial plan. To discuss your life insurance needs and financial requirements, contact your financial professional.
About The Author
Ivon T. Hughes of The Hughes Trustco Group is a licensed Insurance Broker. Author of The Life Insurance Handbook. - Get a FREE Copy TODAY!
Email: info@trustco.ca
Web: http://www.hughestrustco.com
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| _Additional Resources ... |
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Why Do Men and Women Misunderstand Each Other So Much
Joke from a Woman to another Woman "Some husbands are living proof that a woman can take a joke!" Joke from a Man to another Man; "Men are Vain, They will check themselves out in the mirror. However women are ridiculous; they will check their...
Diamond Stud Earrings: Elegant Unisexuality
A diamond stud earring is made up of just one perfectly cut diamond, set in fine gold or silver. The simplicity of the design itself is its own selling point: anything fancier and you could easily fall into the trap of over-accessorizing. A...
Grandpa's Barbecue Sauce
84 oz Catsup 1 oz Chili powder 4 md Onion 1/2 ts Cummin 3 lg Cloves 3 tb Soy sauce 1 c Brown sugar 1 ds Hot sauce 1/2 c Mustard 1 ds Salt 1 c Vinegar 1 ds Pepper Mince Onion and Garlic then saute both lightly. Add remaining ingredients ...
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