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Best Life Insurance 30 Year Old

Written by Scott W Johnson

The best life insurance for a thirty year old is distinct and different from the amount of life insurance that others might need. A simple affordable term policy make be your ticket to financial freedom. Thirty year old consumers can be in vastly different stages of their life and that is why its so important to assess where you are and where are going. Do not make the classic error of not purchasing level term life insurance because you think you are too young to do so.

Best Life Insurance For Young Adults

Written by Scott W Johnson

The best life insurance for young adults is the policy is for those that actually need the insurance and is provided at the lowest cost, with the highest rating, with the most amount of life insurance coverage (for the dollar.) How much and what type of life insurance that you need greatly depends on your life stage. Are you a new parent, graduate student, still living at home, college student, first job? All of these life stages likely have differing quantities and dollars of life insurance needed.

Non Participating Whole Life Insurance

Written by Scott W Johnson

There are two types of Whole life insurance contracts: Participating and Non Participating. Neither is necessarily better and both have benefits and drawbacks. In this short article we review one of the forgotten options of whole life insurance- Non Participating Whole Life. Non par policies receive no policy dividends and are hence often less expensive. Another great benefit of these contracts as opposed to par policies is the ease in which someone can shop for them.

Preferred Plus Life Insurance

Written by Scott W Johnson

What is preferred plus pricing? Preferred Plus is the highest of the standard health classes for term and whole life insurance. Preferred Plus is the best pricing (lowest price) that consumers can qualify for. Consumers that do qualify for this best in class price, would do well to stock up on the most amount of insurance that they can afford to buy at that time. There are so many benefits to this health rating class that it can difficult to summarize them all.

Annual Premium

Written by Scott W Johnson

What is an Annual Premium? Sometimes also called an Annualized premium, it is a mode of payment for various forms of insurance, including life insurance. There exists differences with the modes of premium payments allowed with different types of insurance, such as business insurance and personal property insurance. In the world of life insurance, the annual and monthly payment modes are typically the most popular option.

Infinite Banking

Written by Scott W Johnson

Infinite Banking generally defined as a financial concept whereby consumers buy dividend paying whole life insurance policies and use the policy contract as your bank. Use it for mortgages, auto loans, etc. Rather than using a typical FDIC insured bank, why not take out a loan from yourself? Sounds like a great concept right? The issue is that numerically speaking this is rather hard to do, especially with whole life raters where they are today. Read our short post about the concept of infinite banking and bank on yourself to consider all aspects…

AIG Non Working Spouse

Written by Scott W Johnson

The American International Group, abbreviated AIG, has a terrific term life insurance option for Stay at home parents (Dads and Moms!) If you are a stay at home parent, a non working spouse, then you may be limited to buying the appropriate amount of term coverage that you and your family require. AIG has great and useful limits in this regard and AIG is often our go to carrier in these situations. AIG also offers very fair pricing.

AIG Cholesterol

Written by Scott W Johnson

Our Article about AIG and Cholesterol focuses on just one insurer. This insurer is a solid consideration if you either have elevated cholesterol numbers, HDL ratios, or… take a medication to alleviate this issue. These medicines, the most common of which are called Statins, are important during the life insurance underwriting review process. American International Group is a great choice for numerous reasons including elevated cholesterol related issues.

Children’s Life Insurance Rider

Written by Scott W Johnson

A children’s life insurance rider is an endorsement added to a Parent’s life insurance policy. The costs for these policies often do not make good financial sense. In general child riders make more sense than true whole life insurance kiddies policies, but their somewhat high cost is not necessarily warranted. Most kiddie policy riders include coverage for all the children in a given family. The debate about children needing life insurance is not necessarily settled., WvT has some opinions on this discussion.

Lincoln National Life Insurance Company

Written by Scott W Johnson

With a Financial Strength Rating of an A+, from AM Best, Lincoln National Life Insurance is a division of the Lincoln National Corporation. Their NAIC Number is 65676 and they are based in Indiana. Lincoln National is a terrific option for those that want a highly rated term product at a competitive price. Lincoln offers two different term life insurance policies and multiple Universal options. Consider Lincoln for your term life needs.