New York, NY (PRWEB) August 28, 2013
On the heels of an August 26th Insurance News Report article titled How to Save for Retirement in the Midst of Marriage, Mortgages, and Maternity, PageHamster.com worked to impress the value of considering term life insurance as the primary source of life insurance while planning retirement and making household budgets.
In the above article discussing retirement and all of its trappings, the author begins with an admonition to begin a budget as quickly as possible, if one is not already in place. This will assist families in saving money, and being purposeful in spending all incoming money, rather than wondering where money went at the end of the month. Next, the author urges readers to purchase life insurance, arguing that a life insurance policy acts like a savings account, in that it sets money aside for loved ones in the case of an emergency; namely, the unexpected death of a parent or spouse. The author also points out that expenses rarely disappear. While a mortgage may be paid off, other debts may exist, or medical expenses may grow. Having a life insurance policy combats the potential devastation of losing a loved ones income, providing pace of mind and a means of staying afloat after the death of the insured. The author suggests investing in a policy that may build in cash value. Finally, the author urges the reader to consider age when picking a mortgage plan, advising younger readers to choose long mortgage plans, while advising older readers to choose 15-year or less mortgages.
PageHamster.com, in the wake of an article discussing retirement planning and how life insurance fits into that equation, urged readers to disregard life insurance as a means of investing. Instead, Page Hamster requested that readers consider term life insurance, such as Arizona or Idaho term life insurance, as it is strictly regulated and offers the greatest value for the price. Though the author of the article above considered life insurance a means of increasing funds, life insurance should instead be regarded as a means of security, providing the insured with peace of mind regarding finances after he or she has died. Term life insurance will benefit those seeking a reasonable budget, as it offers low premiums for high quality insurance.
Insurance News Report is an online source of insurance news and reviews for consumers and insurance agents alike. The site hopes to provide easy, straightforward navigation for those who may not be familiar with the technical jargon associated with insurance and insurance planning, providing an easy to understand resource for people seeking insurance advice.
Following an article discussing retirement, savings, and lie insurance, PageHamster.com discussed the advantages of term life insurance above whole life insurance, encouraging readers to regard life insurance as a source of security rather than a means of making more money. With this in mind, term life is the better choice between term and whole life, providing the insured with an affordable means of achieving peace of mind.
PageHamster.com is an online resource for financial advice, including personal money management, insurance and retirement planning.