Nobody enjoys thinking about their own death, but then death is a definite eventuality for everyone.

Irrespective of how secure your family’s financial situation is today, it makes sense not to underestimate the importance of having sufficient insurance for the lives of the earning members of your family.

Death of a loved one is a very traumatic experience and it is really very unfair and thoughtless to add the anxieties of huge financial problems to that pain.

Make sure that your family is well protected from a financial meltdown in the event of the death of an earning member by having sufficient life insurance cover.

When it comes to life insurance, it is best to get it early. Don’t wait till the worry about mortgages and other financial burdens pile up. It is best to start the life insurance cover before the pressure of family life begins. If you have missed the bus, it is never too late to get the required insurance cover.

Life is not cheap, but fortunately cheap life insurance is available. Picking the right insurance is however not so easy.

There are many companies out there, each with many types of policies and options. Most people have a portfolio of different types of policies to obtain the right cover for their needs.

The best way to get information that will help you decide about the insurance options that you have is to get cheap life insurance quotes online.

You can then experiment with the type of policies and durations available and arrive at a blend that will give you sufficient cover while keeping the premiums manageable. Let us take a quick look at some of the more popular policies available.

Term life insurance:

This type of insurance covers the person for a fixed number of years. Many people prefer this kind of policy to obtain a large insurance cover during their working years. This makes sense because that is the time when a person’s death will have the maximum financial impact on their family.

The insurance cover ends when the term ends or the person dies, whichever comes first. The following types of term insurance policies are available:

1. Annual renewable term insurance:

The policy is valid for one year from the date of purchase and can be renewed at your option till a particular age is attained. The premium usually increases with increasing age due to the increased risk of death.

2. Renewable term insurance:

The policy is initially for a certain number of years. At the end of the term, you have the option of renewing it for another term irrespective of your health situations at that time. Since this kind of policy has an increased element of risk for the company, their premiums are usually higher than the annual version.

3. Level premium term insurance:

In this type of policy the premium is constant for the duration of the policy.

4. Decreasing term insurance:

This kind of policy is designed to provide cover to pay for a specific liability like a mortgage or a long term loan in the event of the death of the insured person. The death benefits under the policy decrease each year as the liability decreases.

5. Increasing term life insurance:

This can either be a part of the policy conditions or could be a rider added to a policy. Basically it means that in the event of the death of the person during the policy term, in addition to the policy value, the premiums paid for the policy will also be returned.

Whole life insurance:

Whole life policies cover the insured person till the end of their lives. There is no fixed end date. Unlike term insurance policies, whole life policies have an investment component or cash value which accumulates over time. Premiums are constant and distributed over a number of years. Such policies usually have provisions for loans.

Universal life insurance:

This policy is a special type of whole life insurance, which gives some flexibility regarding the insurance cover and cash value components.

As you can see there are a number of life insurance cover options, and with different companies having different type of products aimed at different needs, the choices can be astounding.

It makes great sense to get cheap life insurance quotes online which will give you a better idea about the life insurance options available to you.

There is a defined moment when many of us start to consider getting life insurance to protect family members and loved ones. It could be after a child birth or a catchy insurance commercial that tweaks your interest. When this moment strikes, the first thing most people do is get a quick online quote to understand their ballpark rates. A more detailed assessment follows afterwards. Some elements of this assessment are intuitive (age, health condition, smoking status, occupation, etc.). There are, however, some other surprising assessment criteria that underwriters also consider. Such as…

1. Driving History: Yes, your driving history matters, not only for your auto insurance premiums but also your life insurance rates. If you had a DUI accident in the recent past, you will likely experience significant higher quoted rates than somebody who has a clean driving history. Remember that smaller offenses fall off your driving record after three years (for insurance purposes).
2. Be Happy: Having a history of depression can hijack your life insurance premiums, almost doubling them. Happy people experience less health issues and stress, and thus represent lower risk for insurance companies.
3. Policy Date: The policy’s starting date can be sometimes adjusted (also called backdating), meaning that in some cases you can benefit from lower premiums (based on your younger age; if you turned 50 this week but backdate your policy to last month, for example). Obviously you will need to pay all the premiums starting from the backdated time point, but you can benefit from a lower rate going forward.
4. Dangerous jobs (e.g. stuntmen, bomb squad member) can mean higher risk for your life and thus lead to higher insurance premiums. Do you think that your job is dangerous?
5. Payment frequency: Paying for a life insurance policy on an annual basis saves insurers administrative costs, and they reward you with lower premiums than if you’d paid for your insurance monthly. In this case, though, you’d need to plan carefully because a big annual charge can create a significant hole in your household budget if you forget about the annual premium.
6. Travelling (to dangerous destinations): Some destinations are more dangerous than others and some are very dangerous (war zones, areas with known history of kidnapping, etc.) Consult an insurance broker or your agent to understand how your future plans can impact your insurance coverage. Your policy can be declined or you might be able to get a life insurance policy, but it would explicitly exclude the time you are abroad. In some cases, a simplified issue no medical life insurance policy is a solution since it does not ask travel questions. It is important to know, though, that a simplified issue policy is more expensive than a standard one and its coverage is typically limited to $50,000 – $300,000. You can test this out by getting an anonymous simplified issue no medical life insurance quote via one of numerous insurance online platforms.
7. Sports (extreme): Being involved in extreme and/or dangerous sports, especially professionally, can impact your life insurance premiums (for example: sky diving, cliff diving, scuba diving). Similarly to getting insurance while travelling to dangerous locations, you need to understand which cases are not covered by your life insurance policy.
8. Private pilot licenses: This one usually falls into a category of dangerous hobbies – licenced pilots (only private) might experience higher insurance rates. When calculating insurance premiums, an insurer will consider both the pilot’s age and experience. This information will probably not asked during the initial quoting process, but will be required during the detailed assessment later.
9. Your citizenship: If you are not a Canadian citizen or resident, you will not be able to apply for a Canadian life insurance policy.
10. Your income: Insurance companies can decline your life insurance policy if your household income falls below a particular threshold, typically $30,000. The reasoning behind this is so insurance does not stretch your budget beyond its capabilities. Note that you should still speak with a broker to create a detailed future plan for insurance protection, and brokers that are also financial planners can help you triage your upcoming financial expenses to best manage your needs. It’s a good idea to check with your insurance broker, if your income might be an issue, before submitting your application. Remember, that once you have been declined for a life insurance application, it may impact your next applications since some insurers include in their surveys, “have you ever been declined for a life insurance application?” Similarly to a pilot license, this question might be not be included in initial quote questions, but will be asked later by your insurer.

As you can see, many aspects outside of your health impact your life insurance quote and policy. You should remember that underwriting rules (application assessment) are different across insurers and thus, it is advisable to work with an insurance broker who deals with numerous life insurance companies and can share his/her expertise with you as you navigate through this complex process.

It’s no secret that the majority of Canadians today don’t really understand the life insurance policies they own or the subject matter altogether. Life insurance is such a vital financial tool and important part to your financial planning that it is incumbent upon you to have a basic level of understanding.

Here are 3 quick pitfalls that are important to be aware of.

Incomplete Details In The Application

All life insurance contracts have a two-year contestability clause which means the insurer can contest a submitted claim within two years of the application date if material information was not disclosed during the application process. If you have forgotten to note a relevant fact in your application pertinent to the claim it is possible that your claim could be denied. Fraudulent acts such as lying in the application would not only have a claim denied but possibly also have your policy rescinded entirely. It goes without saying that one should always be truthful when completing a life insurance contract or any insurance contract for that matter. A copy of the original application often makes a part of the policy and generally supersedes the policy itself. Having-said-that, each insured has a 10-day right to review their policy once they receive it. In that time period if you feel the policy is not up to the standard you thought it to be, you can return it to the company and all premiums paid would be refunded

Buying The Right Term Coverage For Your Situation

This process should first start with a question: “What do I need the insurance for?” If your need is to cover a debt or liability then perhaps term is best however, if your need is more long-term such as for final expenses, then permanent or whole life would be a better fit. Once you have established your need you’ll then have to decide what type of coverage you want; term or permanent.

Term contracts are the simplest to understand and the cheapest because there is an “end” to the policy; generally 5, 10, 15, 20 sometimes even up to 35 years. If the policy is renewable an increased premium will be required come the end of the term and this is often a big shock to the client’s bottom line. As an example: a 35 year old male, non-smoker with a 20-year term and 300k benefit may pay anywhere from $300 to $400 per year in premiums. When this policy renews at age 55 his new annual premium could go as high as $3,000 per year! Most people don’t understand this and come term end are devastated, generally unable to continue the policy. It is recommended that your term program have a convertibility clause so that you have the option of converting your term life into a permanent policy. You can exercise this right at any time within the term of the policy without evidence of insurability. Taking a term policy without a convertibility clause should only be done when making your purchase for something of a specified duration. Also, the short side to term life is that it does not accumulate any value within the policy whereas permanent/whole life does.

Permanent/whole life is a very complex from of life insurance because it has both insurance and investment aspects to it. These policies are most beneficial because you have value built up in the policy and you are covered until death however, they are much more expensive than term insurance. An option that you can consider is a permanent policy with a specified term to pay it. Using our previous example, you could have a permanent policy that has a 20-pay term meaning you will make premium payments for the next 20 years and after that you will have your policy until death without ever making another payment towards it. It is very important to understand the variables along with your needs before you make your purchase.

Buying Creditor Life Insurance vs. Personal Life Insurance

One of the biggest misconceptions people have is that their creditor life insurance is true personal life insurance coverage and will protect their family in the event of their death. Far too often consumers purchase these products, generally found with their mortgage and credit cards, by simply putting a checkmark in a box during the application process agreeing to have the plan. It sounds like the responsible thing to do but many families are left in paralyzing situations come claim time. Creditor life insurance, such as mortgage life insurance, is designed to cover the remaining debt you have. Making timely mortgage payments is ultimately declining your remaining balance. Creditor life insurance also declines as your debt declines. Keep in mind that the lender is named as your beneficiary in your policy so consequently, upon death your remaining balance on your mortgage or credit card is paid to the lender, not your family. In a personal life insurance policy you choose the beneficiary and upon death the full benefit amount is paid to the beneficiary of your choice.

Personal life insurance is a great asset to have for a large number of reasons. When you buy life insurance your buying peace of mind but, you must have your situation properly assessed and be sure that you are clear on exactly what it will do for your family.

Games have always been popular among children and adults at par. With the introduction of high tech instruments and technologies, many technical games have come into existence. These games, popularly known as online games, are different from the traditional games which required a board or pitch and single or multiple players.

Online games – An introduction

These games are defined as a technology or a mechanism which connects players available in the computer network or on the Internet. These games are generally played by a single player. It needs a form of computer network like the Internet or an equivalent technology. These games can vary from easy text based to intricate graphics and virtual worlds. Many such games are associated with online communities, which make online games a type of social activity.

The rise of Flash and Java has led to an Internet uprising where websites provided their own on-demand activity in form of videos, audios and other. Today, there are separate sites that offer games online. The popular online games include World of Warcraft, Lineage II and Final Fantasy XI. To play these games one needs to pay some monthly fee and subscribe to their services. However, games like Guild Wars can be played by paying no such monthly fee. Some of these online sites that offer games get on-site sponsors. Some games like RuneScape, which is made by Artix Entertainment and Mabinogi, allow people to play for free.

The dot-com bubble burst which occurred in 2001 resulted in decreasing success of online gaming websites as they solely depended upon advertising revenue, which faced extreme adversity. However, some sites have been able to survive during the fluctuating market by counterbalancing the advertising income loss. They used the substance as a cross-promotion tool which shifted the web visitors to other websites owned by the company.

Online game types

There are many variations of computer games which are played online. These include first-person shooter games and real-time strategy games. These multiplayer games are played over a modem or any local network. Some good examples of these internet based games include Age of Empires and Microsoft Ants. As the online gameplay is getting bigger, many people are getting interested in them and therefore, their popularity is also increasing.

Some popular online games crowd the open source networks like Dreamcast, PlayStation 2, Xbox and Nintendo GameCube. While games like Phantasy Star Online can be played in private servers, other games like PC, Macintosh, Dreamcast and GameCube players share one server. Games like Quake III, 4×4 Evolution and Need for Speed: Underground can be played using the same server.

Besides, there are browser games which uses web browser as a client. Gradually, with the development of graphics technologies like Flash and Java, more complex games got introduced. They became increasingly popular as “Flash games” or “Java games”. Some games like Frogger and Pac-Man were released in the 1980s. Another variety of online games is MMOG or Massively multiplayer online games.

These online games can be any person’s favorite pastime, but these games can also be addictive.

Term life insurance is extremely popular. If looking for insurance, do you understand the top features of term life insurance or the way it is different from other kinds of insurance? Continue reading for info.

What’s Term Life Insurance Used For?
People usually delay buying life insurance simply because they believe it is more than their budget can handle, plus they often overestimate just how much it’ll cost you. However, term life insurance is definitely an inexpensive method of getting the policy that you’ll require.

You might have heard term insurance known as short-term insurance coverage. It is because term life insurance policy offers coverage for a certain time period, or a specified “term” of years. If you were to die in the period specified by your policy, then a death benefit will likely be paid out.

But what can term life be utilized for?
Term life insurance can be used as a variety of objectives. A few common ways to use term life insurance may include:

• To replace your earnings if you were to die suddenly
• Help your loved ones cover one last expenses as well as hospital bills
• Leave your family with sufficient money to pay off financial obligations like a mortgage
• Ensure your kids are left along with money to help pay for school
• Provide needed coverage for a small child according to the divorce settlement
• Can be utilized by businesses for key person insurance policy or buy/sell contracts

Whole vs. Universal: Creating a Permanent Choice
Whole life as well as universal insurance are both regarded as permanent policies. Which means they are created to last your whole life and does not expire after a certain time period so long as required premiums are paid. Both of them have the possibility to build up cash value with time that you might have the ability to borrow against tax-free, unconditionally. Due to this feature, premiums might be greater than term insurance.

Universal Insurance Benefits
Universal Insurance can give you many different payment choices, such as a flexibility of changing your death advantages, along with the potential to build up cash value with time. Here is how:

• Since there’s a cash value element, you might be able to skip premium payments so long as the cash value is sufficient to cover your needed expenses for your month

• Some policies might permit you to decrease or increase the death advantage of match your particular circumstances**

• In most cases you might borrow against the cash value that could have accumulated in the policy

• The interest you will probably have gained with time accumulates tax-deferred

Whole Insurance Benefits
Whole life policies provide you with a fixed level premium that will not increase, the potential to accumulate cash value with time, along with a fixed death advantage for the life of the insurance policy. Additionally:

• Any cash benefit growth is tax-deferred

• Whole life may permit you to make withdrawals as well as loans against the policy

• Whole life provides the ease of budgeting for any regular as well as consistent premium payment each month

Understanding Important Differences
The flexibleness that the universal life policy offers is a key differentiator over whole life. Because of this, universal life insurance premiums are usually lower during periods of high rates of interest than whole insurance premiums, often for the similar amount of coverage.

An additional key difference would be how the interest rates are paid. As the interest paid on universal life insurance is usually modified monthly, curiosity on a whole life insurance policy is usually adjusted yearly. This might mean that during periods of rising interest rates, universal insurance policy cases could see their cash values increase at a rapid rate than others in whole insurance policies.

Many people may prefer the set death advantage, level premiums, and also the potential for development of a whole life policy. However, for individuals who would rather have more flexibility as well as choices with regards to their permanent insurance, then universal life may be the better option.

Choosing The Best Policy for You
Despite the fact that whole and universal life policies have their own special features as well as benefits, both of them focus on supplying your family along with the money they will need whenever you die. By working with a professional insurance agent or company consultant, you’ll the policy which best meets your individual requirements, budget, as well as financial targets.

Life Insurance Companies differ in their “underwriting philosophy” when it comes to diabetes. Offering life insurance for diabetics can be risky if the underwriters are not fully trained. Underwriters at the insurance companies that are fluent in underwriting diabetes have the ability to look at all of these factors and determine if the company will accept them as a risk. Moderately controlled diabetes cases would usually merit a “rating” or an increase in the premium, but not necessarily a declination for coverage. If the client with diabetes that is looking for life insurance is not controlled, then there are options – it will just cost them more for coverage!

Diabetic Life Insurance can be obtained no matter how severe the diabetes condition is. If the proposed insured has well controlled diabetes and a history of compliance with what the Doctor reccomends, then the rate for insurance will naturally reflect that. The better the control, the better the rate. Clients with well controlled diabetes have a great chance at getting a lower rate from a regular insurance carrier and would qualify for a policy that is fully underwritten. If, at the other extreme, the client has very poor control over the diabetes, the rate will be higher and the client will have to go with a life insurance plan that guarantees acceptance. This type of life insurance is called “guaranteed issue life insurance”.

Guaranteed issue life insurance for diabetics is more expensive than regular (fully underwritten) life insurance and is only sold as “whole life insurance”. This type of insurance can be advantageous, though, because it builds cash value and is intended to cover the client for their “whole life” as opposed to a “term” period of time. Another provision of guaranteed issue is that the premiums paid into the policy would be paid to the beneficiary PLUS 10% interest if the insured dies within the first 3 years of the policy’s inception. After that 3 year period of time, the guaranteed issue policy would pay the full death benefit to the beneficiary.

Fully Underwritten policies take the client’s full medical records into account. The doctor’s records are ordered, blood is drawn, a urine sample is taken, and a full screening is done to evaluate the client. If the insurance company decides to insure this applicant, it is after the company’s underwriters look at the case. If the client is fully underwritten and passes through underwriting, then they would have more options than just whole life insurance (in the case of those who are in need of guaranteed issue whole life insurance). Term insurance, Universal Life Insurance, Survivorship Universal Life Insurance, and regular Whole Life Insurance would be available to these applicants that are fully underwritten.

When evaluating a client with diabetes, the underwriters at the insurance company take into account whether the client is a type one diabetic (type I diabetic, type 1 diabetic, type 1 diabetes, type I diabetes) or a type two diabetic (type II diabetic, type 2 diabetic, type 2 diabetes, type II diabetes). Another thing that the underwriters look at is whether the client is a juvenile onset diabetic or an adult onset diabetic. And yet Another determining factor is the Hemoglobin A1C level (this is a more comprehensive test, showing the blood sugar levels over about a 3 month period of time as opposed to a quick “snapshot” blood level test).

If the client’s A1C level is below 8, then fully underwritten life insurance may be available subject to the client’s full medical file. If the client’s A1C level is above 8, then guaranteed issue life insurance is a more realistic goal.

One of the things that applicants fear in the case of insulin dependent type 1 diabetics is whether or not their insulin pump will prevent them from getting a life insurance policy. An insulin pump is actually a positive factor where life insurance underwriting is concerned because the client’s insulin level is kept at a constant level.

How often the client monitors their sugar or glucose levels in their blood is another factor. If the client habitually monitors their glucose level, then this is seen as evidence of compliance on the part of the client. If, on the other hand, the client does not monitor these sugar levels, then this could be seen as a negative in the eyes of the insurers and underwriters.

Have there been any low sugar episodes? Have there been any high sugar episodes? Is the client taking glucovance, glucophage, insulin injection, or other type of medicinal treatment? Is the client controlling the diabetes with “diet and exercise”? These are all questions that will be asked during the underwriting process (unless you opt for guaranteed issue).

By the way…ANYONE can get guaranteed issue; you don’t have to be “uninsurable”. Guaranteed issue is available for clients between the ages of 46 and 80 and up to $35,000 in coverage. Again, this is the more expensive type of life insurance and it is advisable that if you CAN make it through an underwriting evaluation, you should try unless you just want to pay more and be done with it!

So what kind of companies will accept clients with diabetes? Personally, I broker only with “A” rated companies that have the right combination of price, customer service, product variety, and recognition in the market. I deal with companies that take clients on a case by case basis as opposed to categorizing them “by the book”. I have fully researched the market, I am in touch with the underwriters personally, and I assure you that these companies have the proper credentials to back up their policies. My clients are provided with full company backgrounds and financial profiles. I deal with several companies that are in the market to insure diabetics. The reason why I am witholding exactly what companies I deal with is because I want to earn your business and represent you as your life insurance agent. Contact Me for a free consultation!

If you’re on the lookout for affordable term life insurance then this article is for you. Contrary to popular belief affordable term life insurance can be a smart decision for a lot of people. In most cases the only drawback regarding term life insurance is the length of the insurance policy. Most insurance underwriters will only carry a term life insurance policy for a maximum of 30 years. With this one drawback there are many consumers who instead opt for a regular life insurance policy, which can also be a cash-value policy. The monthly insurance payments or premiums for this type of life insurance policy are usually more expensive when compared to a standard term life insurance policy. These standard life insurance policies offer a lifetime value and feature a built in savings program. Whether or not that sways you to purchase that type of policy over a term life insurance policy is a decision only you can make.

I will assume you are still interested in the benefits of a term life insurance policy and how easy it can be to actually find affordable term life insurance. The best place to shop for affordable life insurance policies is on the Internet. The ability to instantly and easily compare hundreds of life insurance offerings from many different companies gives you the ability to truly find the most affordable term life insurance policy with all of the features you’re interested in having.

In fact many insurance companies offer websites that are very user friendly and easy to navigate. Best of all you don’t have to worry about talking to an insurance agent that you feel may be interested in only making a sale instead of best serving your life insurance needs. When using online access to view insurance quotes you can quickly compare polices and insurance quotes to see which insurance company offers the best policy for your needs at an affordable price. In order to speed up the process you should have some information about your current state of health readily available. Information such as your current weight, blood pressure, cholesterol level and previous medical history when available will greatly aid in speeding up the life insurance quote process and allow you to receive a more accurate rate in your free term life insurance quote.

There are a few bits of crucial information that can help you lower your current term life insurance rates. For instance if you just had a health checkup (which you should do annually) and can show that you’ve lost weight or decreased your cholesterol level this will allow you to be offered a cheaper term life insurance quote. Additionally if you were a smoker and decided to kick the habit you could be entitled to a decrease in your current term life insurance rate.

Other methods of achieving a lower out of pocket cost for your term life insurance revolve around your actual insurance company. Some will offer a slight discount provided you have a your insurance payment automatically taken out of your bank account. Even more companies offer a substantial savings for each insurance coverage amount increase. Make sure to compare what the rates are between amounts such as $250,000, $500,000 and higher. One thing to consider is your age. As with most life insurance, term life policies are cheaper the younger you are so if you’re debating on whether or not to purchase an affordable term life insurance policy you may want to do so before your next birthday. Finally if you’ve ever had any type of surgical procedure done to treat a major medical condition you may be able to negotiate for a lower term life rate depending on how long ago your operation to treat the medical condition took place.

Finding affordable term life insurance doesn’t have to be a stressful situation. Especially if you’ve taken the time to familiarize yourself with the many ways to effectively lower your insurance costs. One thing is for sure, its well worth your time and pocketbook to do some comparative shopping online in order to find the best and most affordable term life insurance provider.

Life insurance provides money to your family or loved ones if you should die. Life insurance can also help protect the financial interests of a business if a key employee should die. Here, we will discuss the use of life insurance for your family.

Now, no one likes to think about the consequences of their death. Yet, people die of accidents and diseases every single day. Around 2.5 million people in the United States die every year. While diseases lead the list of causes, over 100,000 people die every year of accidental causes.

If you have family members that depend on your earning power, the important question you must ask yourself is, “What will happen to them if I am no longer around to provide for them?”

And, you must ask that question now, before you die of an accident or are diagnosed with a deadly disease. Once you are involved in a deadly accident, it’s to late to obtain life insurance. And, once you are diagnosed with a deadly disease it’s awfully hard to obtain life insurance.

Life insurance can protect and provide for your family in a number of ways:

– Pay off debts

– Provide care and education of your children

– Provide needed money before your spouse can make up for your lost income

=== Life Insurance Can Pay Off Debts ===

Many families live in a home with a substantial mortgage. Your mortgage typically represents your greatest debt. Your income is probably what provides the money to pay your mortgage payment. Life insurance can be used to pay off that mortgage debt if your income is lost.

Millions of families have a large credit card debt. They often cannot pay off their credit cards every month. Those families that seldom pay off their credit cards have an average debt of nearly $8,000. And, many families that declare bankruptcy have tens of thousands of dollars in credit card debt. Life insurance can be used to pay off that credit card debt.

=== Life Insurance Can Help Pay for the Care and Education of Your Children ===

If you are a family with “special needs” children, you may be paying for special tutoring or child care. These expenses will continue beyond your untimely death. Life insurance can help provide for your child’s special needs. This help could continue for quite some time.

A university education often costs $20,000 a year or more. Your savings and investments over the years could help pay that cost. But, if your income stops before those investments can grow to help your children with their education expenses, your children will have less money available to get them through their university education. Life insurance can be used to help provide the educational costs of tuition, books, fees, and living expenses.

=== Life Insurance Helps Your Spouse ===

Your spouse may or may not be able to make up for your lost income. Depending on your spouse’s age or other circumstances, your spouse may:

– Re-marry and gain another source of income.

– Wait until a pension and/or Social Security provides an additional income stream.

– Increase income from employment or entrepreneurial efforts.

Life insurance can help your spouse make the transition from the time of your death to the time of a new income stream. While life insurance sales people often want you consider your family’s lifetime income requirements, this is often beyond what is really required.

You need to consider how large an income stream your spouse needs and for how long before a successful transition to another source of income can be made. The face value of your life insurance can be tailored to help provide the income stream through this interim period.

Typically, as you become older and income from pensions and Social Security are closer at hand, your need for life insurance decreases. And, if you have built up sufficient financial resources, your need for life insurance is almost non-existent.

=== Types of Life Insurance ===

There are two basic types of life insurance:

– Term Life Insurance

– Whole Life Insurance

Term life insurance is simply a contract that calls for you to pay a premium for a certain number of years for a certain face value of life insurance. The length of the contract can vary from 1 to 30 years. If your term policy ends without your death, you receive no benefits. If you die before your policy ends, you survivors receive the full face value of the insurance.

Some term life policies are called “decreasing term” because the face value of the policy decreases over the years. Term life insurance policies are often “renewable” when they expire, allowing you to get another policy of term life insurance without a new physical examination.

Whole life insurance is a long term policy in which you pay premiums that provide for both life insurance and a “cash value” investment plan. When the policy is surrendered, it either pays the face value death benefit (if you die) or the “cash value” of the policy. Often the “cash value” of your policy is determined by a fixed rate of return on your premium payments. After some initial period, you can borrow against the cash value of the policy. The premiums for whole life insurance are higher than for term life insurance.

Whole life insurance is also offered with some variations in premium payments and face value amount. Such variable plans can be called universal life insurance, variable life insurance, or other names.

Several factors are important when considering whole life insurance. You should clearly understand:

– When Cash Value Begins to Build — Often whole life insurance policies do not allocate much of your premium to begin building a significant cash value before you’ve paid into the policy for 10 years or more.

– Rate of Return — The rate at which your policy builds cash value is often below the rate you could get if you invested elsewhere.

You should carefully investigate both term life insurance and whole life insurance plans. It is often wise to consider buying a term life insurance policy and investing the excess of what the whole life insurance policy would cost. That way you would have the benefit of both life insurance and a higher rate of return on your investments.

Overall, you should evaluate your circumstances to determine if you need life insurance. If you need life insurance you should determine how much insurance is appropriate and the type of life insurance policy that would best meet your family’s needs.

Are you looking for some free games to play online ANYTIME? These days, almost everyone has access to the Internet and there are a lot of free online games that many of us are playing in our spare time. So whether you are looking for online weird games to play, or if you are into the classics – you should be able to find them and play them online! Education games for the kiddies are in abundance on the Internet – however, it is strongly advised that before allowing your children to play free online games, you should be checking the legitimacy of the website! It is an idea to download the games yourself, so that your kids can safely play them offline later!

Free Online Games
Free online games are a favourite pastime of a lot of people. There are SO many out there, that you are guaranteed to find something that you will enjoy. So what sorts of games do you like to play? Are you new to the whole online games thing? Are your kids sick of the Nintendo Wii – well give them something different to play! Find some free online games TODAY! But what about you… what about games for adults? – Surprisingly, there are HEAPS out there! Contrary to popular belief, not all of the online games out there are designed for the kiddies! Many free online games are rather mentally stimulating! Online weird games – you know the ones… you usually find out about them from the quirky guy in the office with WAY too much time on his hands! Free online games, Do you know where to find them?

Where can YOU Find Free Games to Play Online Anytime, Day or Night?
So where can you find free games to play online anytime, day or night? Maybe you cannot sleep and are sick and tired of all of those very informative infomercials… What’s that? Oh man, no friends are online on Facebook – BORING! What now? Hmmm, let’s see. Maybe a free online game is in order! If you enjoy multi-player games, you will always have fun, whether day or night – as someone will always be online to play against you!

Do you know what is so awesome about the Net? It never sleeps! And do you know what that means? It means that you will ALWAYS find some free games to keep you entertained – day or night! Instead of losing precious brain cells sitting in front of the TV watching those boring and repetitive infomercials, play some free online games! Sweet, you have found a game… Is the website legit? You do not want to jeopardise you computers safety, or YOUR safety!

How to Find Legitimately FREE Gaming Sites on the Internet!
Now, you need to be a bit careful when playing a game online. For a few major reasons… The number one reason is obviously your safety. You don’t want your computer hacked into, or your kids talking to strangers! You also may find that a lot of websites that claim to be FREE, usually only have a few levels that you can play for free, and then you are charged to download it – or subscribe to it. That is why it is worth checking things like that out! Whoo-hoo, you can play the first 3 levels for free, then what? You get BORED – again! There is no need to stress though! There are legitimate websites that offer entire free games that you can play online – even downloadable!

What sorts of Games can YOU Play Online?
Honestly, there are SO many different genres of games out there – even if you are into weird games, you will definitely be able to find some online weird games! Boy oh boy, will you be able to find some weird games! Try typing it into your search engine of choice! You will probably find a lot of those little obscure games – that are usually highly addictive mind you! If you like role playing games, or strategy games, you will find a lot online that you can play for free! Are you a wordy gamer? Do you like to use your brain? Maybe you like shooting things? Either way, there is bound to be something online that will suit your mood or personality! Awesome and legitimate online free games? Yes, they are out there, if you know where to look! So what are you waiting for… take the time to check it out first! Started looking? How good is it? No more solitaire! Yay! Free online games – you never, ever know what you may find!

Life insurance companies are often regarded as organizations which make money out of the business of death. The significance of life insurance in the lives of innumerable people however cannot be understated. It can be a lifesaver for dependents and loved ones of a policy buyer. Death offers no second chance but life insurance can help to provide financial security to the survivors.

Most individuals buy life insurance policies to secure the future of their dependents in case of their demise, whether premature, accidental, or due to sickness. Life insurance offers a certain guarantee of financial security for the dependents in the event of the policy buyer’s demise.

The dependents of the policyholders are given this sum if the premiums have been given in time. However, in modern times life insurance can be used as an investment option, as a security for loans and for other requirements as well. A life insurance policy purchased discreetly with due caution can be modulated to attend to the various needs of a policyholder.

Life insurance has become significant in a world where social security benefits, pension plans, and family savings become inadequate to answer the financial requirement of the entire family, cover health costs or to retain a certain life style, in case of the demise of the breadwinner.

There are various insurance plans that offer policies to sick individuals who are unable to get insurance anywhere else, although the premiums are high. Insurance companies generally hesitate to insure individuals with high mortality risks. Smokers, diabetics or obese individuals are often insured with double or triple the premiums paid by non-smokers or non-diabetics.

The major kinds of insurance policies are term life insurance and permanent life insurance. There are various variations within these. A term life insurance policy provides death insurance for a specified duration. The initial premiums are very low but get more expensive with each passing year, and in the long run they come to be more expensive. These are generally suitable for young people with short-term requirements like a house loan, a car loan, or educational funding.

The beneficiary amount is given only in case of death of the policyholder in that specified period. The renewal of term policies or conversion to permanent is more expensive.

There are no dividends or cash values gained through this policy, which is purely protection-oriented. Whole life insurance provides security. Initial premiums are substantially higher than the actual price of the insurance, but the premium is later on much lower than for term life insurance. The initial high premiums are used to level out the premium later, and applied to cover the entire life.

Whole life insurance offers dividends and cash values on maturity. Endowment insurance is a variation of term insurance that can be used for purpose of saving, or getting additional income during retirement. Universal life insurance is an offshoot of whole life insurance where the buyer has the flexibility to choose the kind of premium.

Variable life insurance is popular because the premium money is invested in various funds so that it has a potential to reap dividends. Variable universal life insurance accommodates the advantages of both the universal and variable life insurance. Single-purchase life insurance enables an individual to buy the policy at once. Survivorship life insurance is done jointly by two individuals.

There are various kinds of other insurance plans with numerous variations offered by different companies. Apart from consulting experts in securing the best policy suiting your individual needs, one should weigh the options, consider the kind of coverage required or insurance needed, the ability to pay premiums, and the duration of the requirement.