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Tom Fischer is a Life Insurance Specialist in Scottsdale, Arizona.

Tom Fischer is a Life Insurance Specialist in Scottsdale, Arizona.

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Published by tomfish444
Tom Fischer is a Life Insurance Specialist in Scottsdale. Purchase life insurance in Scottsdale, keeping in mind that life insurance does not insure lives. Seat belts insure lives. A life insurance specialist in Scottsdale can insure a standard of living, a way of life dependent upon continuity of income that will someday stop.
Tom Fischer is a Life Insurance Specialist in Scottsdale. Purchase life insurance in Scottsdale, keeping in mind that life insurance does not insure lives. Seat belts insure lives. A life insurance specialist in Scottsdale can insure a standard of living, a way of life dependent upon continuity of income that will someday stop.

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Published by: tomfish444 on Feb 16, 2012
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 ==== ====Tom Fischer is a Life Insurance Specialist in Scottsdale. Purchase life insurance in Scottsdale,keeping in mind that life insurance does not insure lives. Seat belts insure lives. A life insurancespecialist in Scottsdale can insure a standard of living, a way of life dependent upon continuity ofincome that will someday stop.http://arizonafinancialplan.com/life-insurance/  ==== ====Many of us buy life insurance because we want to make sure that our loved ones, especiallydependents, remain financially secure after we die. Income replacement is the No. 1 reasonpeople buy life insurance. Non-earning caregivers also have an important - and often overlooked - economic value thatshould be covered by life insurance. Life insurance is also purchased by those interested in achieving specific business or estate-transfer goals. There are many types of life insurance policies depending on your goals, and there are huge pricedifferences among different companies offering identical coverage. Policies are available fromhundreds of life insurance companies in the United States. Most financial planners recommendthat each family income provider carry no less than 10 times their annual income in life insurance. Here's an orderly way to go about shopping for life insurance: 1) Assess your needed life insurance amount.. 2) Decide on the most appropriate policy type for your goals. 3) Choose possible companies by setting high standards for financial stability ratings. 4) Shop until you find the best price. 
 
5) Look at ways to get the best possible life insurance rate. Life insurance is a long-term proposition, so you should pay particular attention, at time ofpurchase and throughout the life of the policy, to the financial stability ratings of your life insurancecompany. Ratings indicate a company's ability to pay claims. Assessing your life insurance needs The first step in life insurance planning is to analyze your life insurance needs - meaning theeconomic needs of dependents left behind. A great way to determine your coverage needs is touse an online calculator like Insure.com's Life Insurance Needs Estimator Tool. Before purchasing a life insurance policy, consider your financial situation and the standard ofliving you want to maintain for your dependents or survivors. For example, who will be responsiblefor your final medical bills and funeral costs? Would your family have to relocate or otherwisechange their standard of living after losing your income? The assumption of immediate death isnecessary to determine the current life insurance needs for a family or individual. Add in the longer term financial needs of the remaining family members, such as: children'sexpenses, income for the surviving spouse, mortgage and other debt payoffs, college educationfunds and an additional emergency fund. Because life insurance needs change over time, your life insurance amount should be reevaluatedperiodically. We recommend a review at least once every five years or whenever you experience amajor life event such as a change in income or assets, marriage, divorce, the birth or adoption of achild, or a major purchase such as a house or business. In theory, you should have a declining need for life insurance as you age because fewer peopleremain dependent upon you for income support. Exceptions would be protecting a business entityor paying taxes on a large estate for heirs. If the purpose of buying life insurance is to pay estatetaxes, then you'll need permanent life insurance, which is in-force as long as you live and paypremiums. Policy choices Life insurance policies[http://www.insure.com/quotesmith/controller?REF=99998&reqid=qstermindex&redirx=x]are divided into two main types: Term life insurance, which provides only death protection without any side funds or "cash values"(offering the least expensive cost per $1,000 of death coverage purchased). 
 
 Permanent life insurance, which has "cash value" accounts in which a return-on-investmentcomponent becomes an often complex and expensive part of the policy (most expensive cost per$1,000 of coverage). Term life insurance The simplest of all life insurance to understand and the cheapest to buy: Term life insuranceprovides death benefit protection without any savings, investment or "cash value" components forthe term of the coverage period. Term life insurance is available for set periods of time such as 10, 15, 25 or 30 years. With "annualrenewable term life," your policy automatically renews each year and premiums increase as youget older. Choose "level term insurance" if you want your premium to stay the same for theduration of the policy. Also available is "decreasing term insurance," where premiums remain levelbut your death benefit declines over time. This is good if you want to cover only a specific debt thatdecreases, such as a mortgage or business loan. As long as you pay your premiums, the company cannot cancel you. Term life insurance is a popular choice because of the long rate-guarantee periods and becauseof the ability to get a low cost life insurance policy. However, if you get to the end of your policyterm and still need life insurance, you'll need to shop for a new policy, which will then be pricedbased on your older age and health status. Choosing an initial rate-guarantee period is easy: Match the period of time your dependents needyour income to the available rate-guarantee periods. For example, if your children are young andyou have decades to go on your mortgage, try 30-year term life. If your children are leaving thenest and your home is paid off or nearly paid off, 10-year term might fit the bill. Other policy provisions that drive the popularity of term life insurance are guaranteed renewal andguaranteed convertibility. Guaranteed Renewal. Before you buy a term life policy, ask the agent or company to confirm toyou that the policy contains a guaranteed renewable option, which grants you the right to continuecoverage beyond the initial rate-guarantee period without a medical exam. This feature, found inmost term life policies sold today, is extremely important should you become sick and uninsurabletoward the end of your rate-guarantee period. For example, say that you've been paying $800 per year on a $500,000, 20-year level term lifepolicy and develop cancer near the end of the 20-year period, thus making you uninsurable.Assuming that you want to continue the coverage, a guaranteed renewable clause would allowyou to continue the coverage beyond 20 years on an annual renewable basis without an exam,albeit at a much higher annual premium of, say, $8,000 in year 21, $11,000 in year 22, and so on. 

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