Tips Life Insurance

Life insurance is one of the most important products for the protection of the family, it knows the differences between each one.

Having family, what concerns us most is their tranquility and ensure their future. For this there are various life insurance, which will help you have the support you need for those unforeseen. In the sale of insurance, there is life insurance which provides a way to secure money for families, businesses, or other organizations that depend on the services or financial strength of the insured.

In case of property protection, life insurance provides liquidity to pay taxes and other related costs. The life insurance death benefit can be used to replace income or services. It can also help preserve wealth.

Life insurance allows you to give your loved ones financial security and the opportunity to live quietly when you are gone, facing risks such as death, illness or accidents.

In the absence of a culture of prevention, it is best to have a life insurance that allows you to offer them a better future and keep them calm, know what they are and their benefits:

Education insurance: allows you to guarantee the professional studies of your children. They are a saving that allow you to guarantee the future and heritage of your children, above all offer to go to a university in case you are not.

Some of these insurances include: death coverage and disability coverage. You can set the term that suits you and the type of currency that best suits your needs.

Retirement insurance: It relies on your savings and gives you benefits to live quietly after your retirement, allow you to ensure a decent life, and without old age economic concerns, you knew that only 2 out of 100 seniors are economically independent

This is due to the lack of foresight in a retirement, health and unemployment are currently the most serious problems facing our country, the elderly.

A person who receives a salary, in the old age only lives with the 17% of his salary that perceived previously.
Protects you in case of disability
Covered by death
And it guarantees your savings for the retirement
Life insurance due to illness or medical expenses: Costs for medical care have increased significantly, medical and hospital services are too expensive to leave out of your pocket.

This insurance is a payroll discount, which allows you to enjoy the broadest protection without having to make heavy disbursements.

Life insurance is not just for you but also for any member of your family.

Life insurance, savings and investment: In addition, being insured this type of insurance allows you to have a savings in the medium or long term and have excellent returns.

The savings plan is an investment with which your savings will generate in a secure way, thus achieving an attractive profitability throughout the term of the plan.

If you are forming a capital for your family, you must protect yourself while you release debts. Even if you fail, these debts will be paid and your family will receive compensation.

There are insurance that offer protection and savings at the time of your retirement; you can count on a guaranteed capital so that you enjoy a life free of economic worries and do the activities that you want.

Life insurance with effective values: They also represent a way to create deferred savings. Cash value is normally used to support the long-term cost of life insurance protection. If sufficient premiums are paid, the cash value can then be used to supplement a retirement or to cover educational expenses. In order to take advantage of these options, you must keep your policy for a minimum of ten years in order to take advantage of deferred growth.

Knowing some of the life insurance that exists in the market, now you must do a comparison with the different insurers, remembering that each handles different amounts, low rates or high rates and insurance names, as well as coverage and benefits.

Life insurance is a very important monetary investment, and you should avoid buying a life insurance policy that is not adequate or discover that you have bought insurance too cheap or too expensive. But if the fear of making a bad decision about your life insurance is stopping you, think that not buying it can be one of the most costly mistakes for your family.

"The information is clear," says Jack Dolan, spokesman for the United States Council for Life Insurers (ACLI), an in-house trade group. "Citizens of the United States do not have sufficient insurance and are not buying coverage in an amount that is appropriate to their needs A report by LIMRA, an insurance research organization, in August 2010 revealed that prices for individual life insurance are the lowest for the past 50 years in the United States: 30 percent of households ( 35 million) do not have life insurance coverage.

Not having an appropriate policy after paying premiums over several years is a terrible waste of money. We asked several insurance experts to tell us what the biggest mistakes people commonly make when buying life insurance and this is what they shared.

Mistake: Extremely underestimate the needs of life insurance for your family and the "value of a human life." Marvin Feldman, the president and chief executive of the nonprofit Foundation for Life and Medical Insurance Education (LIFE), states that people often underestimate considerably the amount of life insurance they should buy. There are plenty of online calculators that can help you, including the LIFE Foundation calculator and Insurance.com life insurance calculator.

ErrorValue a spouse below their price. In addition to underestimating the cost of replacing the income of a working spouse, life insurance buyers often do not give the appropriate value to a spouse who does not work. Feldman states that it takes approximately $ 117,000 a year to replace that person, and "most people do not understand the impact that saves the family when a spouse stays at home.

Error: Buying a life insurance policy with premiums that increase over time. Too often, life insurance buyers find they can not pay premiums that escalate continuously and leave the policy to subside, says Amy Bach, executive director of United Policyholders, a non-profit agency dedicated to insurance education and consumer rights.

Error: Do not carefully examine all types of life insurance available. Dolan points out that "temporary life insurance, for young people in particular, typically provides a maximum return on total life insurance ... However, young people do not appreciate levels of lifetime premiums that include insurance of total life as they only think about short-term benefits.

Total life insurance, with its cash value, also promotes savings
James Hunt of the Consumer Federation of America, a consumer support group, warns that many buyers stop paying cash value policies in the early years of the policy. "This does not mean that cash value policies are not acceptable investments when you have them for at least 20 years and preferably for a lifetime," he says. But when people neglect their total life insurance policies, the "excess premiums paid during their term [life insurance premiums] ... are lost

A LIMRA report of the total life insurance loss index shows that nearly 12 percent of total life insurance policies fall in the first year, 10 percent decline in the second year and almost 7 percent leave in the third year of buying them. By contrast, the temporary life insurance loss index was about 7 percent in the first two years and about 6 percent in the third year.

Error: Buying a complicated cash life value product without understanding its terms and conditions when it is made cash. Even when your financial situation indicates that total life insurance meets your needs, Bach warns that buying a policy you do not understand is a financial mess.

Error: The one that convinces you to finish or reduce --- or do not maximize --- the contributions to your retirement / retirement accounts. Hunt warns that you should avoid deals that reduce your retirement accounts that give you income deductions, such as 401 (k), to be able to pay a cash value life insurance policy.

Error: Misinterpreting prices and this prevents you from buying life insurance. Feldman states that most people think that an insurance