For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable. Donald's website is: Life Insurance Hub Also see: Life Insurance Answers
What in fact is a life insurance policy? What is all the hoopla really about? One writer put it this way. "A life insurance policy is just a drop of ink on a piece of paper." There is nothing very significant about that. The important thing to focus on is what this kind of policy does. What does it do for the person who buys this paper with drops of ink all over it? Of course the value of it all depends on what is written on this piece of paper.
Your life insurance contract says that if you should die your family can continue living. It guarantees them a lump sum or a monthly income. It is a guarantee that the mortgage will be paid. It assures you that your children will continue attending the same school and will have the same friends they chose to have. They can still wear nice clothes. They can still go to the ball games even though you are not there. If any one of them plays a musical instrument s/he can continue getting the music lessons. They can still continue having many a fun day.
You have a child that plays great tennis. You plan on hiring a professional coach to help this child get to the big time later on. The best coaches cost big bucks. You can afford it but what if you die? A life insurance policy can guarantee that the cash will be there to pay for this coaching.
When the time comes to go for higher education sufficient insurance proceeds will provide funds for that too.
What of your spouse? Do you think she would like to continue living in the same home? Will she want to change her car regularly? She has got to continue to get your kids to the activities they always enjoyed. She likes to wear nice clothes. She needs cash to do things that most men don't even think about. This drop of ink on this piece of paper can guarantee that she will always have the cash. Isn't this life insurance a great thing?
The children will graduate high school and then enter college. This costs money. They will do just great even after your death because you looked ahead and planned their security. You bought sufficient coverage.
Your life insurance policy may just be a drop of ink on a piece of paper but it certainly is a lot more.
- Related Articles
- Related Q&A
- Life Insurance Policy Provisions - What Your Policy Does For You
- How to choose the right life insurance policy?
- Something the Insurance Policy
- Life Insurance Policy Settlement & Financing of Premium
- Life Insurance: Beneficiaries to Life Insurance Policies Are Crucial
- Choosing A Life Insurance Policy
- Collecting on a Life Insurance Policy
- Leading a Stressful Life Go for Life Settlement
Learn How to Find Cheap Insurance For Your Pet - Low Cost Insurance
By: Bryan Burbank | 25/11/2009So many Americans are pet owners. With being a pet owner comes the expense of giving your pet good medical care. If you compare the number of years your pet lives and the cost of medical care you will realize that taking good care of your pets health can be expensive. You should probably start thinking about your pet like you think about any member of your family and the security that comes from a good health insurance policy. For many years good medical coverage for pets was not available or ve
20 Year Term Life Insurance - So Many Uses For This Policy
By: Donald Lusan | 25/11/2009The 20 year term life insurance policy can be effectively used in oh so many situations. We will look at some of them but first let us define what this policy is all about. 20 year term insurance has a level death benefit for the entire 20 year period. This death benefit can be paid in one lump sum or in income form.
Aetna Health Insurance Company of Arizona Review
By: Rick Lewis | 24/11/2009Aetna Health Insurance Company of Arizona is an excellent choice for Arizona health insurance. Of course, not an insurance policy, the best solution for everyone's
Aetna Health Insurance Quotes Available Online at EasyToInsureME
By: Rick Lewis | 24/11/2009In today’s economic environment people are looking to trim expenses anywhere they can. And, with so much talk about healthcare reform individuals are becoming more involved and aware of the cost and availability of healthcare and health insurance.
Aetna Makes $30,000 Grant to Atlanta Urban League to Support 'Get Body Beautiful' Program
By: Rick Lewis | 24/11/2009The "Get Body Beautiful" program, which kicked off Nov. 1, is an interactive, multi-media program that includes: on-site community fitness classes at local malls and churches;
Dental Insurance - Find Cheap Dental Quotes Online
By: Bryan Burbank | 24/11/2009Dental insurance is something that all of us should but not everybody does. The main reason that so many people do not have dental coverage is because it is expensive and in many cases we only have enough money for health insurance. You can search online today and find affordable coverage so that the next time you go to the dentist you do not have to worry about the cost.
Learn How to Be Covered by Health Insurance After You Have Lost Your Job
By: Bryan Burbank | 24/11/2009One of the most talked about topics today is health insurance. Our nation is facing a crisis with so many Americans not having health insurance coverage. One contributing factor to this is the number of Americans that are losing their jobs due to the recession. In this article I will try to give you some tips how you can have health insurance after you lose your job.
Getting Term Life Insurance – term life insurance
By: Danny | 24/11/2009Trying to figure out the actual definition of term life insurance may end up at something like this: the insurance capable of providing coverage up to a specific time limit at a particular and fixed rate of payment. After the stipulated coverage time, the policy does not exist and there by the client either has to forego the policy or try to get potential further coverage with different payments and conditions.
Universal Life Insurance Explained
By: Donald Lusan | 17/11/2009 | InsuranceConsider universal life insurance. One of the more popular permanent policies is the universal life policy. What is this universal life all about anyway? This policy is permanent insurance which allows for flexibility in premium payments as well as in death benefit amounts. Think of this policy as a savings account with a life insurance policy attached.
Term And Whole And Universal, Graded Premium And Variable life insurance
By: Donald Lusan | 01/11/2009 | InsuranceTerm and whole and universal life insurance are the the types of policies you are most likely to encounter when you set out to get quotes or, in general, examine life insurance policies. There are, however other types that not many people know much about.
Term Life Insurance With No Medical, No Physical, No Doctor Exam
By: Donald Lusan | 25/10/2009 | InsuranceMore and more people are buying term life insurance with no medical, no physical or no exam by a doctor, paramedic or nurse. The convenience of actually printing out your policy there and then seems to appeal to buyers a great deal. The surprising thing is how low the premiums are.
Buying Life Insurance For Family Protection Or Business Protection
By: Donald Lusan | 19/10/2009 | InsuranceBuying life insurance is so very important. It is an integral fundamental in any sound financial plan. The type and amount of coverage you select will depend on why you need to buy your policy.
Life Insurance Types Explained - See Which Policy Fits Your Needs
By: Donald Lusan | 05/09/2009 | InsuranceDeciding which life insurance types to look at depends on each individuals specific need. All life insurance does not fit everyone's situation. Let us examine why a single person would buy life insurance.
Term Life Insurance - Term Life Quotes, Rates, Companies, Policies, Definition, Comparisons
By: Donald Lusan | 30/08/2009 | InsuranceTerm life insurance is favored by a large portion of our population. Let us take a close look at this policy and see why. It may be wise to begin by attempting to define this type of policy. Let us see what it is all about.
Life Insurance With No Physical, No Medical, No Exam, No Health Check
By: Donald Lusan | 25/08/2009 | InsuranceLooking for life insurance with no physical required? Some people choose non medical life insurance because they simply don't have the time or the inclination to go through the rigors of a full medical examination. Others make this decision simply because they don't like to go to the doctor.
A Life Insurance Policy - What Is A Life Insurance Policy Really?
By: Donald Lusan | 20/08/2009 | InsuranceWhat in fact is a life insurance policy? What is all the hoopla really about? One writer put it this way. "A life insurance policy is just a drop of ink on a piece of paper." There is nothing very significant about that. The important thing to focus on is what this kind of policy does. What does it do for the person who buys this paper with drops of ink all over it? Of course the value of it all depends on what is written on this piece of paper.