Best sellers from


Revealing Life Insurance Secrets: How the Pros Pick, Design, and Evaluate The...
by Richard M. Weber
Amazon Price: $19.55

Risk Management for Financial Planners
by Christine Barlow, Darlene K. Chandler, Kelly Maheu, Susan Maloney, Susan Massmann
Amazon Price: $42.25

Practice of Medical Billing and Coding, The (2nd Edition) (A Real Life Book)
by ICDC Publishing Inc.
Amazon Price: $35.20
Customer Review: Good price for this book. I saved $27 by buying this book through Amazon instead of buying it direc...

The Annuity Advisor 2nd edition
by John Olsen, Michael E. Kitces
Amazon Price: $35.38
Customer Review: Wealth Odyssey: The Essential Road Map For Your Financial Journey Where Is It You Are Really Trying ...

Fast Food, Fast Talk: Service Work and the Routinization of Everyday Life
by Robin Leidner
Amazon Price: $24.25
Customer Review: When all is said and done, American consumers are more alike than they are different. This truth of ...

::: Life Insurance Articles :::

Determining How Much Life Insurance You Need

by Stephen Nelson

When considering life insurance, you’re planning and preparing for an event most of us would rather not think about. But life insurance represents a critical step in managing your personal finances and ensuring your family’s well-being.

The Two Approaches to Setting Life Insurance Policy Amounts

You can use one of two approaches to estimate how much life insurance you should buy: the needs approach or the replacement-income approach. Using the needs approach, you calculate the amount of life insurance necessary to cover your family’s financial needs if you die. Using the replacement-income approach, you calculate the amount of life insurance you need to equal the income your family will lose. Let’s look briefly at each approach.

You need how much?

Using the needs approach, you add up the amounts that represent all the needs your family will have after your death, including funeral and burial costs, uninsured medical expenses, and estate taxes. However, your family depends on you to pay for other needs, such as your child’s college tuition, business or personal debts, and food and housing expenses over time.

The needs approach is somewhat limiting. The task of identifying and tallying family needs is difficult, and separating the true needs of your family from what you want for them is often impossible.

Replacing Income

Using the replacement-income approach for estimating life insurance requirements, you calculate the life insurance proceeds that would replace your earnings over a specified number of years after your death.

Life insurance companies sometimes approximate your replacement income at four or five times your annual income. A more precise estimation considers the actual amount your family members need annually, the number of years for which they will need this amount, and the interest rate your family will earn on the life insurance proceeds, as well as inflation over the years during which your family draws on the life insurance proceeds.

Note: Do remember as you quantify the income you want to replace that Social Security provides generous survivors benefits if you’ve qualified. These benefits can easily total $2,000 a month or more.

Calculating Replacement-Income Amounts with Excel

If you’ve got access to a computer running Microsoft Excel, the popular spreadsheet program, you can use your computer to calculate the amount of insurance you need to replace a specified number of years of income. Suppose, for example, that you want to buy enough life insurance to replace the income from a $50,000-a-year job for 15 years. If you figure your family will earn 5% on the life insurance proceeds should the worst case scenario occur, you enter the following formula into a cell in an Excel workbook to calculate the replacement income life insurance amount:

=-PV(5%,15,50000)

Excel returns the formula result 518,982.90 indicating that you would need roughly $520,000 of life insurance, invested at 5%, to payout $50,000 a year for 15 years.

Two Calculation Tips

If you want to factor in inflation because you’re trying to replace income over a long period of time, you should use a real rate of return rather a regular, or nominal, rate of return.

To calculate a real rate of return, subtract the inflation rate from the interest rate in the formula. For example, if you expect 2% inflation, you could replace the formula shown earlier with this formula:

=-PV(5%-2%,15,50000)

Here’s a final calculation tip: You probably want to round up your number. For example, if the formula provided earlier returns the value 518982.90, you might want to round up this value to $600,000. Or $750,000.


About the Author: Stephen L. Nelson CPA has written more than 150 books. His bestselling book is Quicken for Dummies, which sold more than 1,000,000 copies. His books have sold more than 4,000,000 copies in English and have been translated into more than a dozen other languages. His web site is http://www.stephenlnelson.com

Source: www.isnare.com


Discount Life Insurance

by Matthew Bourne

Life insurance is a type of insurance policy that provides financial security and peace of mind for you, your family and dependants. It is based on the simple principle that should you die during the term of the life insurance policy, the person(s) named in the insurance policy will receive a lump sum or series of payments for the insured amount. If you have a mortgage and/or are the main income producer in the family, a life insurance policy will ensure your family's future is secure as the payment can be configured to pay off all outstanding debts and provide a substantial income for the ones that you leave behind.

Buying life insurance

When buying life insurance it is advisable to shop around for the best discount. Life insurance premiums can vary significantly between life insurance providers, while some providers will even offer discount life insurance, guaranteeing their premiums to be the lowest available on a like-for-like basis. If you want the best discount on your life insurance policy you'll need to look out for special discount offers run by the insurance providers. This may take some time however, and you're not guaranteed that the next discount offer that becomes available will be the right type of life insurance policy for your circumstances.

Alternatively, you should instead conduct your search for discount life insurance online.

Online = discount life insurance

Why is it important to look online for discount life insurance you may ask? Well, the reasons are numerous! It's quick, it's easy and there is a huge amount of choice available on life insurance policies at the click of your mouse. Best of all though, life insurance policies found online are generally cheaper than those found offline. This is because there are fewer overheads involved in processing an online application form for life insurance than there is when a life insurance company processes a paper-based application. The costs incurred by the life insurance company when they advertise on the Internet are also lower than say if they were to advertise on the TV, radio or via newspapers.

Additionally, portals and web sites that provide a comparison between different life insurance policies, some of which will be discount polices, are certainly worth a visit, especially if they provide access to online application forms. Why are they worth a visit? Well, not only will these portals offer you a selection of the lowest priced discount policies available, but you may also be able to pick up a further discount when buying the life insurance policy through the portal.
About the Author

Matthew Bourne has been working in the loans, mortgage and life insurance industry for over 10yrs and is currently working for http://www.loansgalaxy.com/life-insurance/



::: Life Insurance Featured Resources :::

SEARCH RESULTS

Insurance Leads Generation.
Generate quality new leads at a fraction of the cost of offline marketing.

Safety Employment.
Jobs in occupational safety, insurance loss control, health/environmental, etc.

You Aren't Supposed To Know.
A Book of Secrets - Insider info on everything from increasing your Iq to saving on insurance to treasure hunting secrets.

Annuities: The Shocking Secrets Revealed.
Discover the Shocking Secrets that Banks and Insurance Companies Don't Want You to Know. Affiliates Earn 50% of New $97 Upgrade.


::: Life Insurance Information :::


::: Life Insurance News :::

UCO Bk plans foray into non-life insurance-CMD (Reuters via Yahoo! Philippine...
3 Jul 2009 at 6:41am
KOLKATA, July 3 (Reuters) - State-run UCO Bank is planning a foray into non-life insurance by floating a joint venture company by September, its top official said on Friday.

Rel Life Insurance IPO soon? (NDTV)
3 Jul 2009 at 12:58am
Rel Life Insurance IPO soon? Anil Ambani, known for mega size IPOs, is eyeing the insurance sector this time. He wants his six-year old Reliance Life Insurance to list. But this time the younger Amban...

Srei Equipment partners SBI Life Insurance (The Hindu)
3 Jul 2009 at 2:41pm
CHENNAI: Srei Equipment Finance has partnered with SBI Life Insurance to offer loan cover to its borrowers. Under the agreement, customers of Srei Equipment would be offered loan protection under Daha...

Life insurance penetration dipped in 2007: Economic Survey (New Kerala)
2 Jul 2009 at 12:03pm
Chennai, July 2 : Life insurance penetration in India dipped in 2007, first time since the sector was opened up for private players a decade ago, said the country's Economic Survey for 2008-09 release...

BRIEF-Moody's sees stable otlk for Aust life insurance sector (Reuters via Ya...
1 Jul 2009 at 11:48pm
July 2 (Reuters) - Australian life insurance *Moody's sees stable outlook for Australian life insurance sector

A.M. Best Affirm Ratings of BF&M Life Insurance Company Limited and BF&M Gene...
2 Jul 2009 at 2:55pm
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength ratings of A and issuer credit ratings of "a" of BF&M Life Insurance Company Limited and BF&M General Insurance Company Limited .

New York Life Insurance welcomes agent (The Thousand Oaks Acorn)
1 Jul 2009 at 10:37pm
Tina Dickinson is a new agent with New York Life Insurance Company. Dickinson has been in the insurance industry for 20 years and is local to the Thousand Oaks-Westlake Village area.

Unnecessary Life Insurance Policies (AskMen)
1 Jul 2009 at 5:03am
Getting What You Need Out Of Life Insurance There?s an old movie called Double Indemnity . Fred MacMurray is a life- insurance salesman who gets involved with a married babe who wants to knock off her...

Click here for your favorite eBay items
::: Life Insurance Blogs :::



Are We Too Old to Be Climbing Volcanoes?
3 Jul 2009 at 10:40pm
The weight of my backpack at 5:00 AM was brutal: 9 liters of water, 1 sleeping bag, and sundry other camping bits and bobs. And I was one of the lucky ones. Dan carried all that plus an old school ...

All You Need to Know About Life Insurance Leads
3 Jul 2009 at 10:35pm
One thing that you need to be aware of in finding great life insurance leads is that many companies claim to have great leads when they really aren't of any value whatsoever. You need to find out whe...

Life as an Asthmatic Part One
3 Jul 2009 at 10:27pm
There have been many titles and definitions that matched to who I am or was at any specific time. I think even as kids we go through these changes. Of course as a child though we don't think of the po...

When It Is Financially Beneficial To Refinance A Mortgage
3 Jul 2009 at 9:30pm
by Amy Nutt In recent months, there has been a significant drop in mortgage interest rates. This is due in part to the high amount of foreclosures and the housing financial market crisis. Most banks...

Obama Urges Groups to Stop Attacks
3 Jul 2009 at 9:13pm
President Obama , strategizing yesterday with congressional leaders about health-care reform, complained that liberal advocacy groups ought to drop their attacks on Democratic lawmakers and devote th...

Post-traumatic embitterment disorder?
3 Jul 2009 at 8:58pm
My first response is to roll my eyes and mutter, ?Puh-leese.? Some psychiatrists are saying that the bitterness of people when their relationships fall apart is a traumatic event that causes perma...

Car financing
3 Jul 2009 at 8:16pm
Get more from: Recliner Ottomans . There is nothing that can compare to the rush you get when you get your own car and that too for the first time. Before reality hits, it?s like you?ve got immense f...

Michael Jackson?s Last Rehearsal and more updates?.
3 Jul 2009 at 7:34pm
This is footage of Michael Jackson?s last rehearsal before his untimely death. He looked healthy and like the Michael Jackson I remembered. I will remember Michael as he was on stage! UPDATES: ...

July 03. Celebrating the Fourth
3 Jul 2009 at 7:07pm
Posted by Carol on Friday, July 3rd, 2009Filed in A Message From Carol · Add a comment Whenever we get anywhere near the 4th of July?and its permission to begin the light-hearted part of the ...

AFL-CIO pension funds signs $500 million letter of committment on Olympic hou...
3 Jul 2009 at 6:30pm
One has to wonder if a $500 million investment, which to me is quite risky, is in the best interest of the workers who paid into various AFL-CIO pension funds. From the Chicago Sun-Times: This...


Google