Term Life Insurance Vs Bank Mortgage Insurance

By Ivon T. Hughes

Possibly most people today are aware of the great difference between term life insurance and bank mortgage insurance. People know that the bank owns the insurance (you don't) you have to pay for it (they don't) they are the beneficiary (your heirs are not) and it goes on and on.

Term Life Insurance

But apart from those good reasons, remember also that most bank mortgage life insurance is a lot more expensive. But it is not only more costly in dollars, it is also a lot more expensive in human anguish.

Term Life Insurance Comparison

Take your own situation or the situation of a friend that fits this scenario. Married with children, one spouse dies suddenly. The family has the normal comittments of daily living expenses all of which continue.

But what does the bank do, if you have bought their plan and not term life insurance? They pay off the mortgage but leave no money for the family's every day needs!

If this couple had bought term life insurance, the survivor would have the money to continue to pay the mortgage as well as being able to look after the family.

Term Life Insurance Continues

Again, assume there had been a term life insurance policy and the mortgage had been obtained at favorable rates. Compared to today, it would have been very financially advantageous NOT to pay off the mortgage. Because now, if the survivor needs to take out another mortgage to continue the same standard of living, interest rates are higher along with the monthly payments.

You need to think carefully about term life insurance and bank mortgage insurance.

- You the owner and not the financial institution, own the insurance policy

- Your policy is created specifically for your needs

- You, not the bank, decide if you wish to cancel

- You choose your own beneficiary; the bank is not the beneficiary

- You don't have to worry about your term insurance premiums increasing

- You decide whether to continue with the insurance if you sell the house

- Your policy is renewed up until the end of the period you select not what the bank selects

- Your policy amount remains the same, but not the banks policy

- You choose how to spend the money instead of the bank

- You can keep your policy even if you move the mortgage

- You pay less! You will pay as much as 40% less for your term life insurance policy.

About the Author: Ivon T. Hughes of The Hughes Trustco Group is the author of the Life Insurance Handbook: How To Get The Best & Cheapest Life Insurance available FREE to all new subscribers at: http://www.hughestrustco.com


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Term Life Insurance Cost – The Least Expensive Life Insurance

By Jessica Farrell

Of all the various life insurance options, term life insurance policies are most often the least expensive and the most commonly purchased life insurance policies.

Term life insurance policies are the least expensive life insurance policies. This is because you are purchasing life coverage only when you purchase a term life insurance policy, whereas with other life insurances, such as whole life insurance, you are also purchasing an investment component. Many whole life insurance policies call these investments “retirement savings,” but there are many other ways to save for retirement without having to choose a life insurance policy that may not be the best for you. Since you are not paying for anything but life insurance with a term life insurance policy, term life insurance is less expensive than any other life insurance option for the coverage offered.

However, term life insurance is not the most practical policy choice for you if you are seeking coverage for the duration of your life and/or seeking an investment component. Term life insurance policies do not accumulate guaranteed cash values, nor do they assist with estate planning the way whole life insurance can. Another downfall is that term life insurance is not available to people above age 50 at the same less expensive premiums that apply to younger people. At this point, a whole life insurance policy may be the better option.

When you start planning your purchase of a life insurance policy, the first thing you should do is figure out exactly what kind of coverage you need (do you want to be covered for life, or for the next fifteen years?), how much you can afford or are willing to pay (how much money can you afford to spend on your life insurance?), and what kind of perks, if any, you would like your life insurance policy to offer (are you looking for a life insurance policy that will offer accumulated cash value and other investment options?).

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Low Cost Life Insurance Quote

You Hate It, You Need It, So Get It Now And Why, Low Cost Term Life Insurance Quote

By Steve Madigan

Life insurance is something that we all need, something that every financial expert will tell you to never go without. The key is to find the life insurance at the best rate. This is something that can eat up so much of your extra time, which no one has any of these days. But if you had someone to do the work for you, to help you get a low cost term life insurance quote. This is all done while you are sitting at the computer.

All from one place

You will receive a low cost term life insurance comparison all from one source. You will have the agents with the lowest rates contact you for more details and be able to answer any questions you may have.

Online quotes

Another benefit of getting a low cost term life insurance quote online is one that we all dread. You will be able to get a quote for low cost term life insurance without a physical. There is a time saving and stress preventing benefit right there.

The quickest way to get a quote, computer

Getting a low cost term life insurance comparison is valuable to you in helping you to find the best company, with the name you trust, and the best rate possible. All of this with the ease of inputting some information that will be needed in order for the company to give you this quote as accurately as possible. You may also want to get a low cost whole life insurance comparison while you are doing your checking and comparing. This way you can weight the differences and make the best choice and select the best low cost policy for your situation.

Provide some basic information

You will need to give your name, address and phone number where you can be reached if you are interested in obtaining a policy from the source. You will also need to provide your date of birth, and brief health information. You will need to provide the standard information needed to see what you will qualify for. For instance, if you are a smoker, then you will be quoted for a different rate than a non-smoker.

Get Insurance when you are Young

If you are older, your rate will be different than if you were in your twenties. Getting a low cost term life insurance quote is advisable when you are young. Your rates are much lower and will remain lower throughout your term than someone in their forties. You should also be able to find low cost senior life insurance policy from one of the companies online. Your goals will be different as well. Your financial needs will differ greatly to someone that is thirty years older and more established.

Do it Now, without a Physical

You want to greatly consider it advisable to get a low cost term life insurance without a physical because your rate will be much higher if you do have a physical and you have some health issues. These health risks are determined by a physical and will include things such as your cholesterol, blood pressure, etc. This will determine whether you will even be accepted by the Life Insurance Co. that has requested the physical. So this is the best way to go all the way around.

You will be able to get the best low cost term life insurance quote at Insurance Life Company. This site will provide you with the very best resources available to provide you the best low cost term life comparisons for you and your family. You will be able to get information to help you determine your specific needs and circumstances. Get inside information on the life insurance market, how it affects you and your finances. Visit Insurance Life Company for the best rates available for low cost term life insurance.



About the Author: You need to get life insurance, not for you, for your families protection when you are gone. Visit Term Life Insurance Premiums and get quotes from many of the top companies at one time.



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