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There are two basic types of life insurance: term and permanent. Term insurance is purely life insurance while permanent (aka “cash value” or “whole life”) policies include a savings element.

Benefits of a Term Life Policy:

If you die during the term of your policy your beneficiaries get paid -that s all there is to it. You aren t paying anything extra to fund a savings account or cover investment fees. And because the market is so competitive for term insurance, companies have a huge incentive to keep prices low. With relatively little effort you can compare, shop and assure yourself of a good deal. You pay only for what you need when you need it. You typically need life insurance coverage for a specific period of time (until the kids are out of college, for instance).

Benefits of a Permanent Life Insurance Policy:

A permanent plan can give you access to some or all of the premiums that you have been paying for in a way favorable to your taxes. (more...)

Whether traveling for a short period of time or living overseas for an extended stay it s a good idea to have medical insurance overseas. Most plans no matter how comprehensive in ones native land are basically useless when in another country. Since the whole idea of insurance is to make sure that contingencies are covered, it s a good idea to get a health insurance policy that will be applicable in another country.

What A Policy Should Include

When looking for a policy that will hold you in good stead during your overseas jaunt there are the usual variables in coverage to consider as well as others. By virtue of being in a different country than your native land issues may arise that wouldn t at home. One of those is evacuation. What if you need to be transported back to your native land and that can t be facilitated in any way other than through a medically induced evacuation. Such an event would be extremely expensive if you had to pay for it out of pocket. Just something to keep you eye (more...)