Ivon T. Hughes's Profile
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Ivon T. Hughes's articles
You don't want to leave your family unprepared for what will happen to them financially if you do not get sufficient life insurance coverage. So planning today can provide the income your family will need if you are no longer here. Following are some reasons to consider life insurance from a company that will be there for your family. Every person and every family have their own reasons for life insurance, but the need for protection is at the base of all the needs. Life I...
Posted: 2007-04-28
Category: Finance
One financial product that is significantly cheaper than things like gas and food these days is term life insurance. It is estimated that term life premiums have fallen 30% or more in the past 10 years. Can you imagine buying gas at the same price you paid 5 years ago? It doesn't get any better than that. Why Is Term Life Insurance Cheaper? As people are living longer term life insurance companies will have fewer claims in any given period. Add in competition and you wi...
Posted: 2007-04-22
Category: Finance
Life insurance should be a part of your overall financial planning. While some life insurance policies can be used to help you achieve your financial goals, others just provide protection. But whichever type you choose, it is important you understand your needs and the options available so you get the best value for your life insurance coverage. How Much Life Insurance? First, determine how much coverage you'll need and how much you can afford. Now these 2 items may not...
Posted: 2007-04-22
Category: Finance
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 m...
Posted: 2007-03-30
Category: Finance
A life annuity is a financial arrangement that allows a life insurance company to provide a series of future payments to an annuitant for a certain sum of money. The payment stream based upon the life expectancy of the annuitant is of unknown length but generally guaranteed to continue for a certain number of years. Also it is possible to have a joint contract so that the payments stop upon the death of the second of two annuitants ( i.e., a joint and last survivor life an...
Posted: 2007-03-15
Category: Finance
A life annuity is an investment which converts the lump sum of your RRSP's or non registered funds into an income for the rest of your life. When it comes time to consider buying a life annuity, you have a number of choices. Retirement Income Planning Most companies have a long history of providing a range of options to secure your income in retirement. You can select the most competitive ways to make the best use of your pension funds, whether registered or non regi...
Posted: 2007-03-01
Category: Finance
What subject do people really hate to talk about? Accounting? Taxes? No, that would be life insurance. The topic of buying something that you hope will not use soon, can really stress some people. Recent polls suggest most people are under insured or over insured. If that is the case, how do you make sure you have what is right for you? How do you make sure that you have the life insurance coverage you need? How Much Life Insurance Is Enough? There are online calcul...
Posted: 2007-02-19
Category: Finance
Disability insurance is one of the most cost effective ways to cover your expenses if you become unable to work. Although it's also known as disability income protection or disability income insurance by the companies that issue these policies, it is still the same type of policy. Your Disability Life Insurance Premiums When you apply for disability life insurance, there are several factors that will influence your premium; Occupation: The more dangerous your job is,...
Posted: 2007-02-07
Category: Insurance
Term life insurance has many advantages. Many people don't bother to insure themselves because of misunderstandings about what term life insurance can do for them. Let's examine some of the major reasons why people hesitate to buy term life insurance or indeed any type of life insurance. Term Life Insurance Fable #1: They work at home: Home workers still have to replace a paycheck and cover expenses in the event of death. They also still have to consider childcare and t...
Posted: 2007-02-07
Category: Finance
In our last article we discussed common thinking of why people choose not to be insured. The previous issues were working at home, being young and healthy and having the mortgage paid. Again we will see that term life insurance is adaptable to your needs. Term Life Insurance Fable #4 If life insurance is cheap, it's not good : sorry, no deal. Term life insurance is purchased for the length of time the mortgage needs to be paid or to replace an income. If the life insur...
Posted: 2007-02-07
Category: Finance
When you discuss your life insurance needs with a broker, are you sure you are asking the right questions or do you feel that you are still confused? Let's take a look at the function of life insurance and see if yours is working for you. The Four Reasons To Have Life Insurance It provides security in case the main breadwinner in the family dies. It provides money for charitable causes It could pay future estate taxes It could also provide a pension If you...
Posted: 2007-02-04
Category: Finance
Group life insurance is a policy that insures employees for group life insurance, disability insurance and other coverages. Many jobs offer this coverage to their employees, which helps them to receive benefits without any large cost to themselves. What exactly does this benefit bring and is worth it? Why Do Employers Offer Group Life Insurance? One of the reasons this policy works for your employer is because it can reduce employee sick leave by providing rapid medical...
Posted: 2007-02-01
Category: Insurance
Although disability life insurance covers ourselves and our loved ones during good and bad times, it can be a very dry subject. We have therefore compiled a quick list to make understanding disability life insurance easier. Disability Life Insurance Tip #1 Buy Only What You Need: Make sure you have enough coverage if you ever have to make a claim. And be sure to keep policies up to date with any salary increases you get. Disability Life Insurance Tip #2 Increase ...
Posted: 2007-01-30
Category: Insurance
If you are in your 40's and 50's, there is great news when it comes to competitive term life insurance rates. Let's take a look at how your situation could affect your life insurance rates. Use Competitive Term Life Insurance To Reassess Your Needs Couples who think that they no longer need to look for competitive life insurance prices after their children reach 18 years of age, may want to check current market prices. Many term life insurance policies are purchased to ...
Posted: 2007-01-30
Category: Insurance
Every year check your finances to make sure your money is invested properly and that you have adequate life insurance. We've all read the articles and brochures but, with the changing nature of the product and an individual's changing needs, it is always worthwhile to make sure your life insurance is working for you. Life insurance plays a big part in a person's financial picture. The same thinking applies to your investments. Do You Have Life Insurance At Work? A comm...
Posted: 2007-01-28
Category: Finance
