Tips for Shopping Health Insurance and Life Insurance Online
If you've found your way here, you've no doubt decided you need
to purchase a new insurance policy or add to your existing level
of insurance. It can be a little confusing deciding just what
you need. So let's cover some of the most popular types of
insurance.
Critical Illness Insurance Heart disease, stroke and cancer are
just a few of the critical illness that bring a chill to your
spine when you are diagnosed. The good news is that with the
advances with modern medicine many illness that even recently
were almost always fatal can now be treated and life goes on as
normal. However, in a worst-case scenario, critic
al illness insurance helps you cope with the expense of your
illness while you are treated and helps your loved ones to go on
unencumbered by the financial burden left by a long illness
should you lose the battle.
Disability Insurance One of the most popular forms of
supplemental insurance, Disability Insurance pays you a
percentage of your income as a benefit should you become
disabled. You use these benefits to help with out of pocket
expenses not covered by your major medical policy and to pay
your household bills while you recover from a temporary
disability or a lump sum payment or a life long benefit in the
case of a permanent disability.
When shopping for a Life Insurance quote, Term Life Insurance
and Whole Life Insurance are the two most popular choices. Let's
explain each of these:
Whole Life Insurance When shopping for a Whole
Life Insurance quote you will find that, the policy remains
in force during your entire lifetime as long as the premiums are
paid. The type of life insurance also builds what is commonly
called a cash value that you borrow under certain circumstance
after a period of time.
Term Life Insurance When shopping for a Term Life Insurance
quote keep in mind that this insurance will cover you for a
specified time only such as five years. Your premiums do not
increase during the term of your policy but will likely increase
once it is time to renew the term. Term Life Insurance does not
build a cash value.
Term life is generally cheaper if you are younger in age and a
good starting point for a safety net for a young family until
you're ready to invest in long-term whole life insurance.
Now you're fully informed to make the right choices as to just
what new or additional insurance to choose for yourself and your
family.