Term Life Insurance on Your Business PartnerWritten by Ivon T. Hughes
Life insurance is something we often take out to protect our family and our loved ones, but that's only one example of how life insurance can save us in unhappy circumstances. Businesses also need protection and those with partners realize that if a business partner were to pass away, business itself could be jeopardized. Not only does work that partner provide in company need to be replaced, but so do their other valuable contributions.Term life insurance on your business partners provides best answer. Term life insurance works well because it provides coverage for a specific time period with higher coverage amounts which require lower premiums. This low cost life insurance option could help you keep your business going in event of a partner's death. The money from term life insurance policy could be used to pay off outstanding business loans, hire replacement workers or even to help deceased's family in their time of need. In past, many people dreaded making their own life insurance purchases, so they have never considered taking out a policy on their business partners. Today, however, ability to get a term life insurance quote online without having to deal face to face with life insurance company's agents, makes entire process simple from comparison to purchase.
| | Are you paying too much for your mortgage insurance?Written by Ivon T. Hughes
Most of us, struggling to make our mortgage payments, realize importance of financially securing our home and our lifestyle by putting in place some life insurance. Your bank or lending institution does too! They will usually require that loan amount be covered by life insurance to protect them in unfortunate situation of you dying before loan is paid.The problem is that most of us are so excited about buying our new home, we quickly checkmark box to indicate that we want mortgage life insurance without checking market to see if you are paying too much. For smokers or unhealthy individuals, this type of creditor insurance can be an excellent value. For vast majority of us, healthy, non-smokers, will likely get a better rate by shopping market.
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