Life Insurance – Buy Term and Invest the rest?
Posted on April 9th, 2010
Term life insurance generally does not accumulate cash value and death. Some people believe that IT investment is cost effective to preserve life, a long-term policy and put the additional money that would cost him his life apart, into one. Their motto is “buy term and invest the rest.” This is the simplification of the message. For example, investing in what? It functions exactly like a particular life to compare policies for more than one term investmentPlan? The truth is that there is a unique insurance product that is always the best for every person and situation.
As a Houston insurance agent my suggestion is to compare products, term life insurance and everything if you want. A good agent should be able to show prices, and discuss the features and benefits of different policies. My belief is that my work shows for clients, which is currently available and features (not trying to sell to a customer on a specific product).
SomeSituations, the contract could be beneficial:
• If you get the maximum coverage for the minimum monthly payment.
• If you only want life insurance for a time. (For example 5 years, until the children alone or 10 years, is paid for the house.)
• Some assets for planning purposes. (Ask your financial adviser)
• If you choose an investment in excess funds thatSense, has an additional advantage over putting in a product life. (For example, if you make available additional, in a 401 plan with employer match your investment) (ask your financial adviser)
• You believe life vs. whole life. We have encouraged all products, there is nothing wrong with buying something just because that’s what you want!
Some situations that could be a long-term policy for a whole life policy:
You want a lifePolitics, or very long-term policy. The total cost can be much lower than the retention of risk insurance for many years. Some people have called this benefit, your policy towards “rent” a long-term policy. (Rent is not really an accurate description of a policy of long-term).
You can either to accumulate the current value of your policy.
You may want or benefit a particular political life. Whole life and universal life energy (flexible policy of life),often have more functions and / or flexibility than term policies.
Some assets for planning purposes. (Ask your financial adviser)
You want to supplement your policy, your income for you or your spouse at retirement. (Not all insurance policies all have this feature.)
They believe in life vs whole life. We have the benefit of all products, there is nothing wrong with buying something just because that’s what you want!
Please with an agent of trust and consult for more informationMake sure your agent explains all the details of the policy you choose. This article is too short to cover everything, and there are a variety of products. Customers in Texas can provide information from my site www.life-Insurance-Houston.com get. You are also welcome to call my Houston office 281-537-2700.
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