By: Dave Carter
Life insurance is a way to provide financial security to your family after you pass away. For many, life insurance is a necessity, as costs of funerals or even medical treatments during life can drain funds that might otherwise have been used to provide security to the surviving family members. Deciding on life insurance is very important and should not be taken lightly. That being said, deciphering all the technicalities of a policy can be difficult, particularly to the many of us who don’t have any type of legal training.
Anyone who provides for a family should look at life insurance. You simply never know when an accident, a freak occurrence, or just plain health will cause you to die, possibly much younger than anyone would have expected. If you provide for a family, or even just a spouse, you should look at life insurance, since it may not only help cover funeral costs (which shock many people who have never had to deal with them) but also provide money to your family after you die. The amount of money they receive is dependant on how large a life insurance policy you choose to purchase. The money that your policy leaves them can help to pay the mortgage (or rent), run the household, and ensure that your dependents are not burdened with debt from the funeral. Another thing to seriously consider: there is no federal income tax on life insurance benefits.
The best place to start is to figure out what exactly your family’s needs would be if you were to suddenly pass away. Make sure to include expenses for the funeral, estate taxes (if you own property), and any medical bills, as well as any ongoing expense like utility, retirement savings, food, car, etc. This will give show you why a policy might be in order for far more than you would otherwise originally consider. Many people do not realize what their actual expenses over several years would be. There is no true way of deciphering a tried and true method of figuring out how large a policy you should take out. Several insurance companies recommend aiming for an amount that is roughly equivalent to six or seven times your annual income.
One real thing to watch out for is what type of life insurance you receive. Almost all life insurance is either considered “permanent insurance” or there is also “term insurance.” Term insurance provides protection for only a certain period of time, while permanent insurance provides life time protection—but there are benefits and drawbacks to both. Do your research to figure out which one would work best from you and go from there.
Article Source: http://www.articlecube.com
Title: Popular character actor Ben Gazzara dies in NY (AP) Link: click here Description:
AP - Ben Gazzara, whose powerful dramatic performances brought an intensity to a variety of roles and made him a memorable presence in such iconic productions over the decades as the original "Cat on a Hot Tin Roof" on Broadway and the film "The Big Lebowski," has died at age 81.
AP - Actor and filmmaker Zalman King, who became known for his erotic work after writing and producing his breakthrough film "9 1/2 Weeks," has died. He was 70.
AP - George Esper, the tenacious Associated Press correspondent who refused to leave his post in the last days of the Vietnam War, remaining behind to cover the fall of Saigon, has died. He was 79.
AP - "Soul Train" host Don Cornelius was the arbiter of cool, a brilliant TV showman who used his purring, baritone voice to seduce mainstream America into embracing black music and artists.
AP - Mike Kelley, the daring and influential contemporary installation artist who counted the band Sonic Youth and artist Paul McCarthy among his collaborators, has died, police said Wednesday. He was 57.
AP - Church leaders called on parishioners Wednesday to pray for the soul of retired Cardinal Anthony Bevilacqua, who led them for more than 15 years but was also an uncharged central figure in a child sex-abuse case that involves the alleged shuffling of predator priests.
AP - In an era when Beyonce and Jay-Z are music royalty, when Barack Obama is the nation's chief executive, and when black stars in the cast of a TV show are commonplace, it may be hard to grasp the magnitude of what Don Cornelius created once he got his "Soul Train" rolling.
AP - Poland's 1996 Nobel Prize-winning poet Wislawa Szymborska, whose simple words and playful verse plucked threads of irony and empathy out of life, has died. She was 88.
AP - Celebrities react to the death of "Soul Train" creator Don Cornelius Wednesday:
AP - Ian Abercrombie, a veteran British stage and screen actor whose TV roles included Elaine's boss Mr. Pitt on "Seinfeld" and the voice of Chancellor Palpatine in "Star Wars: The Clone Wars," has died. He was 77.