Player View Grid View 1. These are just a few things that have all been spotted in Guanabara Bay, the sailing venue for the Olympic Games.
But is life insurance something that you truly need, or is it merely an inconvenience shoved under your nose by a salesperson? While it may seem like the latter is true, there are actually many reasons why you should purchase life insurance.
Reasons to Buy Life Insurance As I grew older, got married, started a family, and began a business, I realized that life insurance was indispensable and fundamental to a sound financial plan. Over the years, life insurance has given me peace of mind knowing that money would be available to protect my family and estate in a number of ways, including: For this reason, additional coverage is absolutely essential while my kids are still at home.
He has the same needs due to the risk that I might dieand he simultaneously purchased insurance on my life. To Pay Off Estate Taxes Estate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Use of insurance for this purpose is most common in large estates, and uses permanent rather than term insurance to ensure that coverage remains until the end of life.
The proper amount of insurance allows your family to continue their lifestyle, even though your income is no longer available. The actual amount that you should purchase depends upon your present and probable future incomes, any special circumstances affecting you or your family, and your existing budget for premiums.
Whole Life or Term? Some people prefer to drive Cadillacs or Mercedes, which come with all of the electronic gadgets that make driving safe and as easy as possible. Others prefer less customized makes, equally reliable to their more expensive cousins, but requiring more hands-on attention.
The investment characteristic of the insurance means that premiums are generally higher than a similar term policy with the same face value. After all, whole life insurance is intended to cover your whole life. Term insurance, on the other hand, is a stripped-down model of life insurance.
There are no excess premiums to be invested, and no promises or guarantees beyond the end of the term, which can range from 1 to 30 years.
The annual premium for term insurance is always less than whole life, lacking the investment component, but your premiums will rise often substantially once the term period expires. Both types of life insurance policies or one of their derivatives have benefits and drawbacks; both have their place depending upon the needs, desires, and financial objectives of the purchaser.
A knowledgeable professional insurance agent can help you decide which type of policy is best for you depending upon your circumstances. But whichever you select, be sure that you have enough coverage to meet your objectives in the short term and the long term.
During my lifetime, I have spent thousands of dollars in premiums for life insurance of both types and I have never regretted a single penny of the expense. Final Word Some people mistakenly believe that life insurance is a scam.
Such naysayers compare life insurance protection to gambling, and forgo the protection entirely. It could be today, tomorrow, or 50 years into the future, but it will happen eventually. Life insurance protects your heirs from the unknowable and helps them through an otherwise difficult time of loss.
Do you have life insurance? Why or why not?As America becomes increasingly diverse, prospective love tourists have the ability to sample foreign dishes without having to book a flight to the country where they came from.
Most people don’t fly all the way to Brazil just for a couple of days. Instead, many try to cover a large chunk of the country. For that reason, there’s a lot of preparation that must to go into packing. In case you needed any more convincing, here are 10 reasons why you should visit Rio de Janeiro at least once in your lifetime.
Rio de Janeiro is one of the only places in Brazil that visitors can go to a favela, and the south zone of the city has several options. The safest of them all is Vidigal that holds parties at the top of the. Do you really want to delete this prezi? Transcript of Why you should NOT go to the World Cup in Brazil.
Why you should NOT go to the World Cup in Brazil Economical Development of the host country World Cup in ECONOMICS Total cost .
May 01, · Show of hands if you've ever stayed up way too late texting with friends, catching up on TV shows, or scrolling aimlessly through Pinterest or Reddit. With Brazil being the home to the best soccer team in the world, you can be rest assured that soccer is an integral part of a staple diet here.
Brazil and its residents take the sport super.