shopify analytics ecommerce

Family Protection

Life Insurance Applied

Family protection is what comes to mind when people think about buying life insurance. The fact is if there were no wives and children there would be no life insurance.

Family, more often or not, is what it is all about. The before tax income of a "middle income" family, in the united states, today is about $68,000, and the average income of a two parent family is approximately $102,000.

Compare Low Cost Term Life Insurance Quotes From Highly Rated Carriers - Apply For Up To $10,000,000 Coverage - Save Up To 70%

It is also estimated that it costs over $260,000 to raise one child in this country.

Over and above these costs is the cost of a college education for a child. What of basic living expenses of the family, home improvement costs, saving in a good retirement plan, the cost of vacations and the cost of maintaining a good automobile or two.

These costs can add up to a considerable portion of your income. The important thing to bear in mind is that these expenses remain even after the death or disability of the breadwinner. Family protection life insurance as well as disability insurance is therefore a must for all families.

Plans Used For Family Protection

Let us examine the types of life insurance you can use to take care of your family protection needs.

  • Whole Life, Universal Life And Variable Life Insurance Policies

    Whole life
    and other permanent life insurance policies such as universal life insurance and variable life insurance are used by many to take care of their family protection needs. Variable policies are sold by agents with an N.A.S.D. license in addition to a life insurance producer license.

    These policies provide death benefits that would provide lump sums or monthly incomes to the families of the bread winners. One of the incentives to use permanent life insurance is the cash value that a permanent policy provides. This cash value can be used, for example, to pay college costs or even to assist with retirement income. The premiums for these policies are much higher than those of term life insurance policies.
  • Term Life Insurance In All It's Forms

    More often than not people buy term life insurance to cover their family protection needs. The reason they choose term is that term life insurance costs less than permanent life insurance and as a result they can buy more death benefit.

    The policy bought more often than not is the 20 year term life insurance policy. It is fairly inexpensive, thus provides ample death benefit. Term life policies have no cash value. People who buy term policies have a tendency to invest in mutual funds, money market plans, and may be 401k plans with their retirement needs in mind.

    Whatever family protection plan you invest in it is imperative that you give serious consideration to the purchase of life insurance as well as disability insurance. Think about it; what would happen if the income of the breadwinner is no longer there. Yours may be a family situation where both parents work but, if one income earner died suddenly, would there not be some hardship likely to befall the survivor ? After all, the expenses still continue on won't they?

    Estate Taxes have been repealed but not completely as yet so, if you are wealthy, you could lose up to 40% of the value of your estate to taxes. A good Life insurance policy could pay those taxes for you, thus leaving your estate in tact.

Can you think of anything more important than your Family's Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save. Click Here To Learn More

Home Explanation Of Term Life Insurance Affordable Life Insurance Quote Low Cost Life Ins Family Protection Temporary Insurance Life Insurance Policy Online Cheap Term Life Ins Decreasing Term Life Insurance Quotes Affordable Life Insurance Policy Low Cost Term Life Insurance Burial Insurance 5 Year Term Life Insurance 10 Year Life Insurance 15 Year Term Life Insurance 20 Year Term Insurance 25 Year Term Life Insurance 30 Year Term Life Insurance Life Insurance Quote Online Variable Universal Life Insurance Viatical Settlements Waiver Of Premium Whole Life Insurance Explanation Accidental Death Benefit Accelerated Death Benefit Graded Premium Life Insurance Straight Life Insurance Limited Payment Life Insurance Single Premium Life Insurance Joint Term Life Insurance Return Of Premium Term Life Incontestability

Copyright © 2004 - 2019 LifeInsuranceHub.Net. All Rights Reserved.

Protect Your Family With Up To $1,000,000 No Exam Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Affordable Life Insurance - Term And Permanent Life Insurance

    The amount of spendable income an individual has helps determine what is affordable life insurance.

    Read More

  2. Personal Life Insurance - Present And Future Needs

    You have been hounded by life insurance agents from your senior years in college. You just didn't see the need to buy personal life insurance.

    Read More

  3. Term Life Insurance With No Medical - Non Medical Term Insurance

    Some people don't understand how you can buy term life insurance with no medical required. They are under this illusion that in order to issue such policies the premiums have to be higher than the nor

    Read More

  4. Term Life Insurance No Exam - Term Insurance No Medical Exam

    Term life insurance no exam necessary. These days, it appears that, everyone wants to buy term life insurance.

    Read More

  5. Best Term Life Insurance - Best Term Insurance Coverage

    Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…

    Read More