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The One Mistake Most Seniors Make When Choosing Final Expense Insurance

The thought of our own mortality becomes more prevalent. You may start to think about what will happen to your loved ones when we're no longer around.. This is why, many seniors opt for final expense insurance to ensure their end-of-life expenses are taken care of. However.. There's that one mistake that most seniors make when choosing final expense insurance that can leave their loved ones with more burden than relief.     The mistake is... choosing the cheapest option available without considering the coverage and benefits included.   Many seniors are on a fixed income and want to save money wherever they can, but this mentality can backfire when it comes to insurance.   Cheaper policies often have lower coverage limits and fewer benefits, which means loved ones may…

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3 Reasons why you still might need life insurance… don’t make regrets make memories…

If you are single, with no children, and just starting out in your career, do you really need a life insurance policy? Maybe so, if: You have parents or other relatives who may need you when they’re older.You have a significant amount of debt.You want to leave a legacy, or at least not impose on others, after you’re gone. Of course, there are other financial priorities early in adulthood, not the least of which are building a budget, setting up an emergency fund, and establishing a retirement plan. And many young adults are focused on growing wealth as quickly as possible as well. Life insurance could be considered of lesser importance in comparison. And for some, that may be true. But for others, maybe not. To be sure, a close look at…

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How a lapsed in life insurance policies can hurt you…

Want to void the protection and security you gained when purchasing a life insurance policy? Let it lapse. Simply put, a lapse occurs when premium payments on a life insurance policy are missed and, depending on the type of insurance, the cash value is exhausted. “Lapse” is shorthand for a “lapse in coverage,” which means the policy will no longer pay a death benefit for the insured person. At the other end of the spectrum is a paid-up policy, where all the premium obligations have been met and the policy remains in force for the rest of the insured’s life. We have a 76-year-old example below. Lapse procedures A lapse doesn’t necessarily mean immediate termination of a policy. Life insurance policies often have a grace period after a missed payment…

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illinois health plans

Illinois health plans In hard-pressed times like these, it is prudent to invest in EIB&P Insurance Services health plans rather than spending your hard-earned money in medical care. Though there are many insurance companies that claim to provide the best and the most affordable Illinois health plans, but only a handful of them seem to provide what they had promised. So it is difficult for a common man to pick up the right health plan for himself or for his family. Thankfully, there is one company named that provides customized Illinois health plans for individuals as well as families. These plans can be easily availed. Elaborate Information: With the help of the Instant Quote Search Engine, an individual can browse through a number of health plan options and shortlist the…

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Numismatics – Why Not Market Money?

Numismatics – Why Not Market Money? February 2011 Usually, I do not recommend a particular company unless it will help you with your own business.  However, a recent migration of my most respected top earners in the network marketing industry to one company caught my attention.  Naturally, I opted in to find out what was so attractive about this particular business. My story was one where I had done well with several nutritional distributing companies on the idea that if the product was effective, I would not only gain income but also the health and energy necessary to get the business going.  This sounded good in concept but did not work out in the real world.  In an MLM, at a certain point, the bottom line has gone wide.  In…

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New Home-Based Business Checklist

So, you've decided to take the plunge and start your ownhome-based business.  Congratulations!  You're on your wayto true financial independence. Protect your business andyour livelihood by making sure you have paid properattention to the following: 1.  Cash Flow Do you have the adequate working capital to support yourbusiness (to support you!)during its early stages?  Have youstarted your business part-time while continuing to workfull-time to make sure it is a viable income producer foryou and that income is adequate for your needs?  DON'T giveup your day job until you can give an unequivocal YES tothese questions most opportunities are best severed by training. 2.  Business Licensing Have you obtained all the necessary licenses and registrationsfor your business?  Are you working with someone that is a leader in the industry you're looking…

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