Why You Need Life Insurance

Bobby Mobini
Why Do I Need Life Insurance?
Insurance is seen as a necessity to ensure a continuation of your family income, should the income provider pass away or become disabled. You might think that insurance would be less important as the value of your investments and other assets grow. In fact, very often the opposite happens. You build an increasing tax liability as your wealth increases or as you build your assets. Insurance can become an important vehicle for reducing your income tax burden. The primary purpose of life insurance is to provide for dependents on death of a primary wage earner, but life insurance can also serve as an outstanding tool for transferring wealth to the next generation. There are a variety of life insurance products specially structured to provide targeted benefits, including: *Term endowment insurance *Whole life insurance *Children's plan *Pension plan *Unit linked insurance plans Insurance can also be used effectively as an investment vehicle. Proper planning can help minimize the drain taxation can have on your business or estate. Planning means you choose how your assets get distributed. It involves a step-by-step approach and ensures that you receive only expert advice. The result could be a plan customized just for you. You can use a tax-advantaged life insurance strategy to build a fund that grows on a tax-sheltered basis. You can select the investments and decide how much add when to invest. At a time like retirement, this tax-sheltered fund can be useful to provide a tax-free income. On death, the insurance proceeds and the investment funds are paid to your beneficiary, tax-free. Using insurance can be a cost-effective way of creating a legacy. No wonder insurance is viewed as an important investment for retirees and those approaching retirement.

*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/* Bobby Mobini Flexible, Reliable Health and Life Insurance http://bmobini.mymedicalquotes.com http://bmobini.spaces.live.com Bus: (404)697-9197 Fax: (678)802-6266 */*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*
Why You Need Life Insurance
Many financial experts believe life insurance to be the keystone of sound financial planning. It could be a significant tool in the following situations: Replaces income for dependents If people rely on their own income, life insurance could replace which income for them if you die. The most usually known case of this is parents with young children. However, it could also relate to couples in which the survivor would be monetarily stricken by the income lost through the death of a partner, and to dependent adults, such as parents, siblings or mature children who only to depend on you financially. Insurance to replace your income could be particularly useful if the government- or employer-sponsored reimbursement of your existing spouse or domestic partner would be reduced after your death. Pay ultimate expenses Life insurance would pay your funeral and burial costs, probate and other estate administration costs, debts and remedial expenses are not covered by health insurance. Create a heritage for your heirs Even if you have no other property to pass to your heirs, you could make a heritage by buying a life insurance policy and name them as beneficiaries. Make major openhanded contributions By making a charity the recipient of your life insurance policy, you could make a much bigger donation than if you donated the cash equal of the policy’s premiums. • Pay central “death” taxes and state “death” taxes Life insurance reimbursement could pay estate taxes so that your heirs would not have to settle other assets or take a minor inheritance. Changes in the federal “death” tax rules among now and January 1, 2011 would likely lower the impact of this tax on some people, but some states are equalizing those federal decreases with increases in their state-level “death” taxes. • Create your source of savings Some types of life insurance make a cash cost that, if not paid out as a death advantage, could be borrowed or withdrawn on the owner’s demand. Since most people make paying their life insurance policy premiums a soaring precedence, buying a cash-value kind insurance policy could year a kind of “forced” savings plan Furthermore, the interest accredited is tax deferred (and tax excepted if the money is paid as a death claim).

*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/* Bobby Mobini Flexible, Reliable Health and Life Insurance http://bmobini.mymedicalquotes.com http://bmobini.spaces.live.com Bus: (404)697-9197 Fax: (678)802-6266
xxxx
Different Types of Life Insurance
Getting life insurance is essential if you want to be sure your loved ones and financial interests are covered. Although many young people do not need life insurance, the urgency of maintaining your own policy inevitably rises as you age. It's not unusual for people to amass considerable assets heading into their 50s and 60s, and that means you simply need to account for such moneys in the event of your untimely passing. The good news is that the insurance industry has devised several ways to cover the bases with a reasonable policy, giving you many options to choose from. Term life insurance is one of the most common, and with good reason. Unlike the broad suite of permanent life insurance types, term insurance allows you to maintain far more flexibility in your finances. If you have ever wondered what the difference is, the name says it all: term life insurance is designed to last for only a set period of time. There are a number of advantages associated with this approach, principal among them that it tends to be cheaper than its longer-lasting counterpart. You may also believe your worth or debts will change after a given period of time - again, term life insurance allows you to cap that financial relationship wherever you see fit. Permanent life insurance comes in a variety of types, from whole and universal to so-called survivorship insurance. The most pressing question when determining which type to get may be how you want your money to be invested and used over the length of that policy. Whole life is generally considered the more conservative type, as it maintains a fixed premium rate and involves considerable investments that may or may not be returned to the policy holder in the form of a dividend. All the expenses are fixed, of course, but you may say larger dividends than expected depending on the markets. Universal life insurance works somewhat differently. Instead of flat premiums, you get to choose how much money you put into the investment arm of that policy. Although the carrier still determines when and how to invest the moneys, you can expect higher yield options to pay more in a bull market. Many such policies also include a provision that lets you apply your accumulated cash account against your annual premiums - a boon if you want your money to start working for you. Each of the major permanent life insurance types allows for so-called "variable" iterations as well. For the most part, these offer greater flexibility in terms of the investment decisions that may grow or shrink your account. Savvy investors and anyone who likes to play the market may find more satisfaction and financial benefit in these fluid and adaptive policies. No matter what type of life insurance you choose, the important thing is to provide for the people you will leave behind. Shop around for different estimates and be sure and ask questions about any fine print you may have missed. The devil is often in the details when it comes to insurance.
Affordable Health Insurance - Have You Thought Of These Great Options?
There are things that will make a huge difference on your health insurance rate. However, most of them will require some form of adjustment, commitment and/or research on your part. If you are ready to do these, here are things that will help you save a great deal. 1. You will as well attract a more affordable health insurance rate if you have a healthy routine. The quality of your diet will sooner or later have an effect on your health insurance rate. Removing fats, cholesterol and high carb from your diet will make it easier for you to maintain the ideal weight, live a healthier life and, as a result, attract cheaper health insurance rates. In the same way, you will be healthier and therefore have to see the doctor less if you are committed to exercise up to thirty minutes daily. 2. Even though you are advised against self-medication, there are situations where you shouldn't visit a doctor. Clear examples are viral infections like flu for which your doctor can really do nothing. It's generally known that doctors can't do you much good if you have a viral infection. If your doctor cannot do anything about a health condition then I think it is unwise to spend about $100 to see him or her. Other instances are minor bruises that just simple first aid will handle properly. If you don't know these simple things take out time to read books on them especially if you have little kids. There are many things that you can (and should) handle if you have invested the time to learn and also have a well-equipped first aid box. However, if you don't know what to do, go ahead visit your doctor. But, please, know your limits and be aware that there are situations you must refer to a doctor even if you know what to do. You are not permitted by law to attempt some things except you're a certified medical practitioner even if you know what to do. Having the right balance is necessary in this and such matters. If you do this right you will pay less in health insurance and at the same time not endanger lives. 3. There are individuals who are not eligible for special health insurance for low-income earners and at the same time find it very difficult to pay for regular health insurance. If you're among such individuals, you'll benefit greatly if you get a discount medical card. A discount medical card makes you eligible to use a network of doctors who are contracted to give card carriers health care services at a lower rate. This card is not managed by insurance companies. It is as well a great alternative for individuals who may have a pre-existing health condition that will make them uninsurable with most health insurance schemes or make them get high health insurance premiums. No one is declined for any reason. Just pay your monthly fee and you'll have access to a network of doctors who will bill you less for their services. 4. This shouldn't be a problem for most individuals but we'll still have to talk about it... Apart from the fact that you are putting your life in danger, using banned or unregistered drugs will increase you health insurance premium. And where the use of certain drugs is legally approved, misusing them will also make you spend more on health insurance rates. Self medication should be avoided both for the serious implications to your health and health insurance rates. 5. Believe it or not, your driving culture can have a negative effect on your health insurance rate. Rough driving charges and other traffic offences can effectively add to your health insurance premium. An individual who drives roughly might make a health insurance claim soon as they are more likely to require medical attention. You will reduce your health insurance rates if you cultivate a good habit behind wheels. Sports cars and super bikes will increase your premium since they make you a higher risk. The higher probability of an accident means you could be injured and need to make a health insurance claim.

*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*
Bobby Mobini
Flexible, Reliable Health and Life Insurance
http://bmobini.mymedicalquotes.com
http://bmobini.spaces.live.com
*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*