Archive for the ‘Life Insurance for Singles’ Category.
Single people may not purchase life insurance because it is seen as an unnecessary expense. They wrongly assume that life insurance should only be obtained for married people. They only consider the money being needed to support the surviving spouse and children with living expenses. However, our culture and family makeups have changed over the [...]
While a person who has family members who are dependent upon them, will feel the greatest need to purchase life insurance, this need may not be as urgent for a single person. Some may even question whether or not a single person with no dependents should even consider purchasing life insurance. After all, a bank [...]
Carefree and loving it, could easily describe the lifestyles of many single people. Vacations to exotic locations and business careers that create global travel, all conjure up envious visions in their married counterparts. Many people do not realize that these very same things can create adverse insurance underwriting and could result in insurance applications being [...]
There is not one single, correct response to determining the amount of life insurance an individual may need. Typically, one should purchase life insurance amounts equivalent to approximately 15 times their current income. Lifestyle, health, and income should be taken into consideration before purchasing life insurance. While many formulas for purchasing life insurance exist, it [...]