Q&A with John Wiscaver

Some women want spouse to get life insurance for Valentine’s Day

Q: This Valentine’s Day, 40 percent of women wish their spouse or partner had life insurance, according to a survey by the Life Insurance and Market Research Association. Who really needs life insurance?

A: Many people may think they don’t need life insurance, because they’re young, healthy and/or nothing bad will ever happen to them. Even if you live what you consider a “safe” life, accidents do happen, and it’s better to be prepared than to not have coverage when you and your family need it most. Think about debt that your spouse might be responsible for in the event of your death, including mortgage payments, auto payments and medical bills. If your job or lifestyle puts you at a greater risk of injury or death, you should consider getting a more extensive life insurance policy. If you have children, you should consider opting for life insurance that covers all members of the family. Financial expenses that result from death or injury can put unnecessary stress on an already emotionally distraught family. In addition, insuring children will guarantee their ability to have life insurance as adults, regardless of any health conditions that may develop down the road.

Q: What options are there?A: There are two main types of life insurance policies: term and permanent. Term policies are set for a finite period of time. If you pass in the time period set up by your policy, the insurance company pays the death benefit to your designated beneficiaries. Permanent policies, including whole-life and universal life insurance, are designed to last until your eventual passing and can be significantly more expensive than term policies. Also, you should update policies based on your current and future needs. If you have recently gotten married or started a family, it may be time to update your policy to ensure all of your loved ones are covered.

Read More: Source

Posted 2:00 PM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Medical Quote
Medical Quote
Vision Quote
Vision Quote
Dental Quote
Dental Quote
Long Term Care Quote
Long Term Care Quote
Life Insurance Quote
Life Quote
Medicare Quote
Medicare Quote
Find Us on Facebook  Follow Us on Twitter  Connect with Us on LinkedIn   Watch Us on YouTube   Find Us on Google  Folllow our Blog




Please note that we cannot bind insurance via email, fax, or voicemail. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used are not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for coverage details.
WHAT ELSE CAN WE HELP YOU WITH?
Simply fill out the form and someone will respond to you
3761 Bernard Street | Bakersfield, CA 93306
Powered by Insurance Website Builder
Refer A Friend Back To Top
Back To Top