Term Life Insurance For Hazardous Occupations

Those who choose to really live life on the edge need to make sure they have adequate life insurance coverage as the risk for losing their lives goes up dramatically. One of the biggest aspects that underwriter’s evaluate when choosing to grant coverage is an individual’s career choice and their overall choice of regular hobbies. If an applicant is of greater risk to a carrier, premiums are higher and possibly issued for a certain number of years. An applicant could be subject to review upon renewal. The bottom line is that applicant’s who risk their lives regularly will pay a higher premium than the average person as rates are tailored according the average person.


Term Life Insurance for those with Hazardous Occupations

For some people, regular participation in hazardous activities is not a matter of hobby but is their livelihood. Many people count extreme activities as their primary source of income, such as pilots, aviation or scuba diving instructors or mountain climbing guides. Top professional surfers, race car drivers and motocross riders depend on their thrilling professions to make a living. Unfortunately, all these people can expect higher life insurance premiums.

These professions, however, do not necessarily mean unreasonable term life insurance rates. You can still get affordable coverage if you obtain necessary licenses and take all the classes you can to make you experienced and prove that you are safe. For example, commercial airline pilots are not subject to extra fees. It is best to inquire about a carrier’s necessary requirements so that you can meet them before applying for coverage. To obtain an online term life insurance quote visit http://www.equote.com/li/termlifeinsurance-quote.html.

Participants of Extreme Sports

Many thrill seekers like to engage in extreme sports. Some common extreme sports include, skiing, snowboarding, skateboarding, dirt biking, hang gliding, mountain climbing and scuba diving. Other more extreme sports are bungee jumping, parachuting, and hang gliding.

Insurance companies are not “all or nothing” in their regulations. For example, most people do not regularly participate in the more novel extreme activities like bungee jumping and parachuting. Those activities are generally reserved for milestone events such as birthdays or anniversaries. In other words, premiums are not going to be affected by trying something once.

To be fair, most life insurance companies will charge a flat “extra” on your premium to cover the risks incurred for regularly participating in extreme sports and activities. This flat extra will usually double the average rate. As you get older, however, your rates could nearly triple – as age is always a factor in underwriting policies anyway. As you age, most people start slowing down in any regular extreme sport participation. In that case, immediately contact your provider and your rate will drop effective immediately.

Another possibility of obtaining cheaper term life insurance is if you asked to be covered for everything except the extreme sport in which you regularly participate. For example, if you regularly scuba dive, you would be covered for any death occurrence except in the case that you die while scuba diving. It seems extremely fair to be covered and paid for everything except the excluded activity you list. For more helpful information on term life insurance go to http://www.equote.com/li/termlifeinsurance.html

The best way to find the best possible coverage if you regularly participate in extreme sports or activities is to shop around for insurance. Premiums that cover adrenaline junkies can vary significantly between carriers. If you are involved in a relatively new high-risk sport, many companies may not have developed their rate policies for that specific activity. On the other hand, other carriers may be charging way too much since they are one of the few to cover it.

If you love extreme sports or your profession involves putting your life at risk more frequently than most, be sure you shop around and compare rates before buying a life insurance policy. Educate yourself as much as possible about your sport or activity. For instance, if there are licenses you can get, it is wise to obtain them. Take any class you can that will make you more experienced in that activity.

Author: Sharon Taylor is a professional writer for http://www.equote.com eQUOTE Life Insurance. eQUOTE is an excellent online resource providing online quotes for http://www.equote.com/life-insurance/term-life-insurance.html term life insurance to families in 42 states.

Buying Life Insurance: A Checklist

Life insurance can be an effective tool to make certain and protect your family’s financial future. It has been acknowledged universally as a method by which the breadwinner can substitute risk and uncertainty with timely aid for the family in case of their unfortunate death.

Since a life insurance policy will replace your lost income after your death, it is important to choose the right kind of policy. Hence, it is essential to find a company that will cover your insurance with the right amount, and at a reasonable price.


Need for a life insurance policy:

There are several reasons for an individual, specifically a breadwinner, to make out a life insurance policy. To assuage your concern for your family in case of your death, most life insurance policies offer various death benefits that take care of your family after your death:

1. For example, a member of your family may have some special needs. You can buy a life insurance policy that will act as an emergency fund in the event of your untimely death.

2. If you want to make sure that your child gets quality education even after your death, a life insurance can also work as a fund for your child’s education.

3. An insurance policy will ensure the maintenance of your family’s standard of living.

4. Your family can also use it to clear personal and business debts, after your death.

Duration of insurance coverage:

Before buying a policy it is advisable to ensure the duration for which you want life insurance coverage. You can take online help to decide the coverage duration.

Need for a checklist

After you decide on your specific need, and the duration of your life insurance policy, you can begin looking for a suitable policy. It is prudent to prepare a checklist before buying, as this will ensure that you end up purchasing the right policy.

The checklist must include various factors on which you can assess insurance companies, which includes various criteria set by insurance companies too. Here are a few pointers:

1. Before buying a life insurance policy, it is advisable to ensure that you have all medical information regarding your health, because most companies expect that, depending on your age and the duration of insurance coverage.

2. It’s a good idea to compare various life insurance companies on the basis of quotes that they have to offer. You can take the help of the Internet to compare the quotes based on your choice of insurance product and your age.

3. You can also take help from a broker through the telephone or the Internet and clear all your queries.

4. Once you decide on a particular insurance company, it is important to ascertain the company’s financial strength and stability.

5. It is also advisable to gather information about the options for renewal that various insurance companies offer, because some companies charge high premiums if you renew your policy.

6. Some insurance companies charge a penalty if you cancel your policy, so make sure that the company you choose does not demand a penalty on cancellation of policy.

7. You may also want to make some changes in your policy in due time, as your insurance needs can change with time. So, when you purchase your insurance policy find out if there is an age limitation for any kind of conversion of your policy, and whether the option of moving into a better policy is there.

Author: Joe Kenny writes for the UK personal finance sites http://www.ukpersonalloanstore.co.uk and also http://www.cardguide.co.uk

10 Year, 20 Year And 30 Year Term Life Insurance

Let us take a look at the 10 year, 20 year and 30 year term life insurance policies.

You know, you have a bunch of great policies that the public can choose from, however, for some reason there are certain ones that just stand out. They tend to stand way above all level term life insurance policies. Sometimes I wonder why. Don't misunderstand what I am saying here, the 10 year, 20 year and 30 year term life insurance policies are great policies but so are the 15 year and 25 year term life policies.


20 Year Term Life Insurance

Why would the breadwinner of a family consider the 20 year term first? I guess the choice depends on the point in time that this person decides to buy. In some cases there is a new baby in the family, perhaps the first child. These young people are so overjoyed at the presence of this newborn they just want to do everything possible to protect their new bundle of joy. 20 years sounds like a good period of time to plan for so off they go and buy their 20 year term life insurance policy. A 25 year or a 30 year term life insurance policy probably would have done just as well but they choose the 20 year policy.

30 Year Term Life Insurance

Why would one choose a 30 year term life insurance policy. Keep in mind the 3 most outstanding term policies are the 10 year, 20 year and 30 year term life insurance policies. I think that people buy the 30 year term life insurance policy because they simply choose to look further ahead. These people look as far ahead as the college years. They want to be assured that the children are well protected right up until graduation from college. Sometimes they plan to have sufficient cash to give each child a start after graduation as well.

Business people often choose the 30 year term life insurance policy over the other policy types as they want to do their insurance buying now and not think about it any more for a while. They should rethink their insurance needs every year but at the outset they choose the 30 year term anyway.

Some of the buyers examine the 10, year, 20 year and 30 year term live insurance policies and choose the 30 year policy because they are acutely aware that if a shorter term was chosen they may outlive their policies. They may still need insurance thereafter and possibly may not qualify for it.

10 Year Term Life Insurance

The 10 year term life insurance policy is usually chosen for one of 2 reasons. It is quite inexpensive thus more people can afford it. They buy this policy intending to buy one for a longer period of time sometime in the future. If they are unable to qualify for the new policy in the future the life insurance company may allow them to convert to a permanent policy. This, of course, would be by contractual agreement. Buy buying the 10 year term policy they at least have the coverage now. They can feel more secure.

The other reason why the 10 year term policy may be chosen above the others is that the purchaser is buying his or her first policy later on in life. Your youngest is now a teenager and you are aware that you are getting older. The 10 year policy will guarantee that this child will have sufficient cash to help him or her through high school and college.

The 10 year, 20 year and 30 year term life insurance policies are great policies. Give them some thought when you feel you need some life insurance.

For additional information on 10 year, 20 year and 30 year term life insurance go to: http://www.lifeinsurancehub.net/termlifeinsurancequotes.html

Author: For more than 40 years Donald Lusan has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable.

Donald's website is: http://www.lifeinsurancehub.net

How to Find an Affordable Life Insurance Policy Online

You want to buy life insurance to protect your family in case of your death, but you don't want to spend more than you have to. Fortunately, the Internet is a great source for finding an affordable life insurance policy.

Finding Affordable Life Insurance Online

To help you find an affordable life insurance policy online, start by signing on to an insurance comparison website. Such websites will give you fast access to affordable life insurance quotes from numerous A-rated insurance companies.

On the best sites, you'll also have access to licensed insurance professionals who can answer your questions and help you choose an affordable life insurance policy that's right for you and your family. (See link below.)

When you get to the insurance website, you'll complete a form with information about your ...

* Desired insurance coverage * Job * Hobbies * Health and medical history

So the insurance website can match you with the best companies and provide you with accurate quotes, it's important that you complete the form accurately, completely, and honestly. If you don't admit that your hobby is skydiving and you later die in a skydiving accident, your family may not receive the death benefit you wanted them to have.

Insurance Tips

There are some ways you can make your online life insurance policy more affordable:

* Find out if you can save money by paying your premium annually instead of monthly.

* Don't get more life insurance than you need. As you decide how much life insurance you need, take into account any life insurance benefits you have through your job and any Social Security benefits your survivors might receive. * If you want the investment benefits offered by a whole life policy, look for a no load policy, which will be more affordable.

* If your health isn't the best, work on improving it. Stop smoking, begin an exercise program, lose weight, or do whatever else you need to do to improve your health.

Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to get an affordable life insurance policy quote online and see how much you can save. You can also get more insurance tips there.

About the Author

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on how to find an affordable life insurance policy online.

- baLooT Inc 2007 -

Baby Boomers and Long Term Care Part II

In my previous article, "Baby Boomers and Long Term Care Part I" , we discussed why baby boomers should consider long term care insurance. With the rising cost of medical expenses, long term care expenses and much longer life expectancy, most of us are going to be faced with some kind of long-term care crisis. This article lists look at a couple of things in a little more detail. What is long term care and who needs long-term care.

What is long-term care?

Long-term care is needed when a person can no longer perform the activities of daily living. The activities of daily living are eating, dressing, bathing, toileting, continence and transferring. These "ADL's" usually are caused by chronic illness, a disability due to aging or an injury. Long-term care insurance is also needed in the case of severe cognitive impairment. This includes Alzheimer's, dementia and other brain disorders.

Who needs long-term care?

Anybody could need long-term care at any point in their lives. Approximately 40% of people receiving long-term care are between the ages of 18 and 64.

· More than half of the US population will require long term care at some point in their lives.5

· One out of five Americans over the age of 50 is at risk of needing long term care in the next 12 months.5

· For couples 65 and over, there is a 75% likelihood that one partner will need long term care.6

· 60% of people over age 75 will need long term care and need care for approximately 3 years.7

· There's a 68% probability that people age 65 and over will become disabled in at least two activities of daily living or of being cognitively impaired.8

In my next article, baby boomers and long-term care part three, we will look at the cost of long-term care without long-term care insurance.

Source:

1 Americans for Long-Term Care Security, www.ltcweb.org, August 2000.

2 The Wall Street Journal, June 2000. www.wallstreetjournal.com

3 Business Week www.businessweek.com

4 AARP. Beyond 50: A Report to the Nation on Independent Living and Disability, 2003. www.research.aarp.org

For More InFormation Click Here: More Information

About the Author

Terry Stanfield is SEM consultant with over 15 years of sales and marketing experience. His company, Clickadvantage, manages PPC and SEO efforts for his lead generation and ecommerce clients. For more information go to http://www.clickadvant.com today.

- baLooT Inc 2007 -

Baby Boomers and Long Term Care (Part I)

Baby Boomers Need to Consider LTC Insurance

Long Term Care and LTC insurance is an important issue for baby boomers, their parents and me. The reality of long term care is at the forefront of our minds because of the news and TV. We must ask ourselves what impact an unexpected illness or accident would have on our finances. What is long-term care who needs it and how much will it cost. Before we look at these questions let me share some fun facts about getting "older".

1. Over 40% of all Americans over the age of 65 will spend some time in a nursing home due to a prolonged illness or disability.

2. One year in a nursing home can cost $36,000 to $60,000. Currently, the average cost in a long term care facility in America is $41,000 per year. The average cost of a visit by a home health aide is $52. Daily visits would cost you almost $19,000 per year. Skilled nursing at home, to administer medication or oxygen, for example, five days per week for a year would cost you an average of $94 per visit, or $24,440 per year.

3. Health care plans and Medicare combined pay only about 3% of the costs of long term care. State Medicaid programs rescue only those families who descend to the poverty level. The rest comes out of pocket - nest eggs, funds earmarked for retirement, life savings - or from a long term care insurance policy.

4. In 1983, Medicare began a new program called the Prospective Payment System. Instead of reimbursing hospitals for the actual cost of treating patients, this program now pays a set fee according to 467 Diagnostic Related Groups, or DRGs. Once a patient reaches the arbitrary number of days in the hospital, Medicare payments stop regardless of the individual patient's actual condition or the need for continuing care.

5. 70% of people who are older than 65 will need long term care services.

6. 77 million Americans will turn 50 over the next 18 years. That's 1 person every 7.5 seconds.

7. 43% of individuals age 65 will enter a nursing home sometime in their lifetime, with 50% staying an average of 2.5 years.

8. The national average cost for 1 year in a nursing home is approximately $41,000; in larger cities from $50 to $60,000 annually.

9. 50 percent of all couples and 70 percent of single persons are impoverished within one year of entering a nursing home.

10. For every person receiving care in a nursing home, there are 4 people receiving care outside a facility.

11. The annual cost to companies for lost productivity from elder care responsibilities is $17 billion a year or $3,142 per employee.

12. By 2020, 1 in 3 workers will provide some type of elder care.

Sources: Life Insurance Selling, December 1992 CBS News - Census Bureau New England Journal of Medicine, February 1991 American Association of Homes for the Aging, 1989, Leimberg, 1992 HIAA, "Long Term Care -- Needs, Costs and Financing (1992) Leimberg's "Think About It" Stephan R. Leimberg, JD, CLU (November 1992) U.S. Administration on Aging, July 1991 USA Today, July 19, 1994 Wall Street Journal, July 19, 1995 USA Today, July 19, 1994 Long Term Care Conclusion

Most of us would never dream of not having home owners insurance, health insurance (that's another issue) or auto insurance. After looking at some of the facts and family medical history, the conclusion seems clear that as baby boomers, we must give this a serious look. The challenge for us is too learn as much as we can about long term care so that we can have options and not be caught off guard by an unexpected illness that could wipe out our retirement or add an undue burden on our families.

For More Information About long term care Click Here: More Information

About the Author

Terry Stanfield is SEM consultant with over 15 years of sales and marketing experience. His company, Clickadvantage, manages PPC and SEO efforts for his lead generation and ecommerce clients. For more information go to http://www.clickadvant.com today.

- baLooT Inc 2007 -

10 Important Things to Remember When Buying Life Insurance

It is always better to find out vital information about life insurance prior to buying cover. This ensures that you obtain the best cover your money can buy.

10 facts about life insurance are:

1. Research the market: It is nearly always preferable to investigate all the cover available and to be clear about the monthly fees before deciding. A great place to source this info is online.

2. The sooner the better: Do not procrastinate in buying a life insurance policy. The best time to purchase a policy is when you are young and in employment. This will give you a choice of great policies.

3. Do not get too much: Try to have just the correct amount of insurance that is within your budget. Getting too much cover will attract increased costs which is unnecessary.

4. Always tell the truth: Never try to misguide when completing the insurance application. If you are discovered hiding facts, such as smoking, the insurance provider may terminate your plan.

5. Stay healthy for lower costs: Health conscious individuals pay the least expensive fees. But, habits like cigarette smoking, too much alcohol, intake of drugs and obesity can make your premium sky high.

6. Never pay unnecessary fees: The fees of some insurance coverage are high due to the fact they also incorporate the commissions of the broker. To prevent this, go with an insurance company that offers policies sold direct.

7. Monthly fees can cost more: One way to keep costs down is to avoid monthly costs. You should therefore go for bi-annual or annual premiums, which are discounted.

8. Check your cover from time to time: You should check your cover when there is a major change in your circumstances, like the birth of a child or your children starting university. Occasional reviews help you to ensure that you are paying the right fees, and that you have the right level of cover.

9. Do not rely upon your employers insurance cover: Most employees are provided with company insurance by their employers. But this may be insufficient for your requirements. Additionally, the group insurance policies get cancelled when you depart the company and because of this can not be relied upon.

10. Higher cover could be cheaper: With life insurance, monthly fees get less expensive as you go for increased cover. As such there is nothing wrong in increasing the coverBusiness Management Articles, if your budget will allow it.

Don't leave it to chance. Get financial protection for your family with life insurance from Protected .

Source: ArticlesFactory.com

- baLooT Inc. 2007 -

Farmer Insurance - Don't Bet the Farm, Shield Yourself

Farming is a massive operation. Having farmer insurance is most necessary when you consider all the risk involved in owning and running a farm. Farm insurance can help protect you from the loss of a bad crop or the unforeseen disaster of the loss of a heard. Tragedy strikes at inconvenient times, but thankfully there is protection available.

Regardless of whether you inherited your farming business through your family, or decided to take the plunge and start a farm, the costs involved are enormous and the loss of a crop due to frost or hail can be devastating. Farmer insurance acts as protection against complete financial ruin if the unforeseen happens. Not only are crops and animals at risk, but the equipment needed for operation is also very costly. The term 'farming' encompasses many types of farm operation; thankfully there is farmer insurance available for each source of revenue.

Farmer insurance covers many potential incidents. Not only does it cover many accidents that may occur on the farm, but it guards against possible litigation. For instance, a consumer could purchase a jar of your jam, get ill and then decide to sue your business. Farmer insurance not only helps cover you in this instance, but will represent you in court if need be. A common policy coverage also involves accidents while operating your farm equipment or performing farming duties. When you stop to think about it, there truly are many ways that a farm is endangered to liability.

Available Farmer Insurance

Before choosing farmer insurance there are factors that must be considered. The most important issue is the type of farm that you operate. Also, how is business commenced? It may be best to write a list and include how many people you employ, the amount and types of equipment that need to be insured and possible liabilities that worry you. The following is a general list of items that need to be insured when operating a farmer.

Crop Insurance: Crop-yield and crop revenue are big concerns to farmers. Since the outcome of the crop determines the livelihood of the entire farm, coverage for the crop is paramount. Farmer insurance generally covers loss due to natural causes. This may include bugs, pests and hazardous weather.

Farm Contents: Most farm equipment is quite costly and can run into the hundreds of thousands. You will want insurance that lists specific equipment individually and provides comprehensive coverage for your equipment. Some policies also cover loss of livestock because of electrocution.

Theft: Theft coverage is not limited to stolen machinery. Often time's theft on a farm involves livestock including cows, sheep, goats and hogs.

Employers Liability Insurance: If a farmer has one employee, he or she will need liability insurance. The employee needs not to be full-time, they can be an occasional work-hand, but accidents happen and this insurance will cover many potential liabilities.

Fatal Injury of Livestock: Many companies offer farmer insurance that covers the loss of an animal either while on the farm or even while in transit. If an animal dies coverage generally is available for a maximum amount per animal and a maximum per accident. Even working dogs, such as herding dogs, may be covered if fatally injured.

Sheep Coverage: This item helps to cover veterinary bills and loss of sheep due to injury or death.

Business Disruption: Farmer insurance will help protect a farmer when business costs either increase dramatically or profits are suddenly down due to unforeseen incidents.

Shipment of Goods: Your strawberries are safely on their way to market and boom, they're gone. A loss of income due to crop damage while in transit is protected with this coverage. Loss of livestock is not covered under this coverage since animals are covered separately.

Personal Accident Coverage: If an accident that leads to injury occurs on a farm, this coverage protects against this. As a farmer you are entitled to a settlement if an injury occurs that effects your ability to run the farm as needed.

Personal House and Contents: The farmer's residence and any additional buildings are covered. If specifically stated, the contents of the home may also be covered.

Summary:

When the protection of farm equipment, livestock and crops are in question, Farmer insurance must be purchased. Farmer insurance will safeguard against financial ruin due to unforeseen occurrences. Common coverage includes loss of income due to theft, crop failure and the death of livestock. A farmer's personal home and contents are often included with this insurance. Farming is an important line of work and there is insurance available to help protect not only the farm, but the owner.

Copyright - baLooT Inc. 2007

Life insurance is a type of insurance wherein the insured pays a premium for a period (often lifetime) and the life insurance company provides insurance coverage against the risk of death.


Life insurance is a type of insurance wherein the insured pays a premium for a period (often lifetime) and the life insurance company provides insurance coverage against the risk of death. There are many types of life insurances or assurance (in the UK) available today.

Basics: There are 4 parties in any life insurance policy. The policyholder is the one who is buying the policy, the insured is the one against whose death the policy is made, the insurer that is the insurance company and finally the beneficiary is the person who will get the proceedings of the life insurance policy. It is mandatory that the policyholder should have a legitimate reason for insuring a person’s life.

Types of Life Insurances:

1. Temporary Life insurance. This policy is also called term life insurance that has coverage for a fixed period of time. The policyholder needs to pay a premium for a fixed period of time for which the insurance company provides insurance coverage. This type of policy does not accumulate cash value.

2. Permanent Life Insurance. This type of policy provides coverage till the policy matures. A policy is said to mature when the person reaches a fixed age or dies. The policyholder needs to pay premium for the entire period. This type of policy accumulates a cash value. The policyholder can withdraw or borrow the money or surrender the policy to receive surrender value. There are 3 types of permanent life insurances.

2.1 Whole life insurance. This has a level premium and corresponding cash value. Upon death of the insured, the beneficiary receives the death benefit only and not the cash value. The policy owner can borrow loans on the cash value.

2.2 Universal life insurance. This has a flexible premium and gives higher internal rate of return. The policy has a cash account depending upon the premium. The surrender value equals the cash account balance.

2.3 Variable Universal life insurance. This is similar to universal life insurance with cash account. However the money is invested by the insurance company in mutual funds for a greater return. Hence there is higher probability of increase of cash account but the risk of reduction in cash account is also present.

Life Insurance Explained

Sponsored by: http://www.balootisme.com

Life Insurance - Helpful Tips For Getting A Cost Effective Policy

Many things factor in with getting a cost effective life insurance quote and policy. It is wise to take some time out and do some important research first. With online access, it is much easier today than it used to be. There are many affordable life insurance offers on the Internet that would greatly benefit the beneficiaries we love. Taking the time out to educate yourself can be well worth your while.

Finding a life insurance policy is something that we should not rush into. There are some things we should learn about a cost effective life insurance policy, to be able to come up with a decision that would be the most cost effective. Here are some helpful tips in getting a cost effective life insurance policy.

When choosing a cost effective life insurance policy, price should not be your only consideration. The lower the cost of the life insurance, the better for us, of course. But, there are more things about cost effective life insurance programs than just the price.

The life insurance policy you are considering should be offered by a company that has proven credibility and reliability. Nothing beats the assurance of having your life insurance taken care of by a company backed by years of excellent service and proven track record. Be sure to look into the BBB of the life insurance company's you are considering first and be sure there are no unresolved issues.

Looking into the period by which you would pay the life insurance policy should also be considered, and this should be compared with all the life insurance company's you are considering.

The amount that would be due once the life insurance policy has matured, should be of a substantial amount. Some life insurance policies pay up to $250,000 for a 30 year period of a monthly $35 payment you make for the policy. This would be a great offer for a life insurance policy, with the great value of the life insurance policy itself, the realistic time period , and the monthly amount demanded. Be sure to read the fine print, before you sign up with a life insurance policy.

A life insurance policy will not benefit you directly, but a cost effective life insurance policy will benefit your stated beneficiaries upon your demise. You can rest assured that your loved ones will be taken care of financially with the right life insurance policy.

There are many benefits that can be derived from a life insurance policy, if paid out in one large payment. This would be very convenient for the beneficiaries, because of many long term issues that could arise over time.

Most life insurance policies are generally given favorable tax options to you and your loved ones. Be sure to retain an experienced accountant to explain the benefits to you.

When choosing a cost effective life insurance policy, take time out to educate yourself with the important things to consider with life insurance. You will know you have made a well informed decision for yourself and the loved ones in your life.

- baLooT Inc. 2007