People often think that you only need to buy life insurance if you have kids. After all, a rite of passage for many young married couples is to buy life insurance once they get ready to try getting pregnant for the first time. While it’s true that life insurance is an important way to provide for your children’s future in the event that you don’t live long enough to see it, buying life insurance is almost always a good financial move as part of a couple’s overall financial plan, whether or not that couple has children.

Read the full post on 3 reasons to buy life insurance before having kids.

If you are over the age of 50, you may not be aware that you may be able to sign up for a term life insurance policy. As time progresses, it’s normal to start thinking about the economic prospects of your loved ones. Term life insurance for senior citizens may help to deal with some of these issues.

Life insurance for seniors may help cover costs in the future that your retirement funds may not cover, such as:

Read the full post on Term Life Insurance for Senior Citizens.

• pay off a loan
• cover estate assessments
• have enough money to cover final expenses
• transfer a business

Here at MyInsuranceExpert.com we get a lot of questions from customers who are trying to decide how to choose the right life insurance policy for them. One of the questions we hear fairly often is: “Can a term life insurance policy be cashed in?”

The short answer is No. You may like the long answer better, but put simply, term life insurance does not have a cash value, and so it cannot be “cashed in.”

Read the full post on Can a term life insurance policy be cashed in?.

Lots of people want to know what to do with their life insurance in the event of a divorce. If you have a policy on your life, you might not want that money to go to your ex-spouse (for a variety of reasons). Here are a few considerations for buying life insurance after divorce (or changing your life insurance beneficiaries after divorce):

Read the full post on Life insurance after divorce – do’s and don’ts of naming beneficiaries.

It often makes sense for people to buy life insurance later in life. For example, many people get divorced and re-married in their 50s and 60s. Many people are forming blended families with stepchildren, and/or starting new families at age 40 or later. None of these situations are like the traditional example of a 25-year-old married couple buying life insurance before they have their first baby.

If you are part of a couple that is marrying later in life, or living together and sharing expenses without being married, then it might make sense for you to approach life insurance in a new way.
Here are a few examples of occasions where it makes sense to buy life insurance later in life:

Read the full post on 3 occasions to buy life insurance later in life.

Warren Buffett is one of the world’s greatest investors, and he has a quote about his philosophy of buying investments: “Price is what you pay. Value is what you get.”

This means that a low-priced stock is not always the best value – and a high-priced stock might still have a lot of room to grow.

Just as Warren Buffett takes this “value” approach to buying stocks, you should also think about “what you pay” and “what you get” when it comes to buying life insurance.

We hear all the time from customers who call asking for the cheapest life insurance we can find.

Read the full post on Buying life insurance like Warren Buffett.

Whether you’re married, living together, engaged to be married, or just starting down the blissful path of romance, every couple in a serious relationship knows that personal finances are just another part of building a happy life together.

Once you’re in a committed relationship and you’re sharing rent, a mortgage or other monthly bills, you need to give some thought, along with the happy realities of love, to protecting yourselves from life’s possible disasters.

Read the full post on How much life insurance does a couple need?.

It seems like everywhere you look, someone is trying to get you to buy life insurance – whether it’s online, TV ads, billboards, bus signs, newspaper ads, grocery store coupons or direct mailings, there are many other companies (and individual life insurance sales agents) on the market selling life insurance. With so many other choices out there, why should you trust MyInsuranceExpert.com to help you buy life insurance?

Read the full post on Why use MyInsuranceExpert.com to buy life insurance?.

Most feel that they have a pre-destined checklist to complete before their “younger days” are over. I don’t have to divulge into details, but this list oftentimes this involves adventurous activities and slightly risky behavior that would otherwise be taboo in your adult life.

But here’s an item usually never inherently found on a youthful checklist; buying life insurance.

This is is one of the best things to “do while you’re young.” If you’re a young couple just starting out in life, you usually don’t want to spend a lot of time thinking about death and dying. (And that’s perfectly natural and healthy – spending too much time thinking about death can be a sign of depression.)

Read the full post on Get it while you’re young (life insurance that is).

One of the most important health questions that people get asked when they apply for life insurance is, “Have you used a tobacco product in the last 12 months?” If you answer “Yes,” that means that in the eyes of your life insurance company, you qualify as a smoker, and that means that your life insurance company is going to expect you to pay a higher life insurance premium than you would have to pay if you were a non-smoker.

Read the full post on Want to find low-cost life insurance? Stop smoking..