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If you are thinking about purchasing life insurance, probably the most popular life insurance product is term life insurance. Term life insurance pays a death benefit to the beneficiaries for a set term (period of time). Term life insurance can come in many different terms, usually from one year to thirty years. However the most popular term is for 20 years. Other popular terms are 5, 10, 15, 25 and 30. It should be noted that term life insurance can start at any age, but it usually will end at the age of 80. So if you are 55, the longest term you can purchase is usually 25.

With most term life insurance plans, you pay a set amount at regular intervals throughout the term. The price does not increase and the death benefit does not decrease. This type of term life insurance is called Level Term. There is also a term life product called Decreasing Term. In decreasing term life insurance, the death benefit decreases on a regular schedule, however the payments to the policy stay the same. Th (more...)

One of the most common questions asked by consumers looking to choose auto insurance coverage is how much coverage should I purchase. While every individual is different, there are a few factors that most consumers should consider.

It is important to note that most states require all vehicles that use public roadways to be insured. Each state usually has basic requirements for auto insurance, such as having liability insurance in case you damage someone else s property or injured someone with your vehicle. Adding extra liability coverage should be considered if your state limit is very low. Usually 100K bodily injury with a total of 300K for an entire collision at minimum is advised. If you have assets worth over 300K, you can choose to purchase more insurance to protect you from personal financial loss.

If you lease or have a loan out on a vehicle, you will likely need additional insurance as well. For instance, vehicles on a lease or that have a lien require the owner to not only hav (more...)