Why Should You Use Life Insurance?

There are many types of insurance programs that might be available in an organizations compensation & benefits package. These insurance plans include term life insurance, universal whole life insurance, accidental death & dismemberment, and long and short term disability insurance. Some of the plans may be purchased in conjunction with other plans and others may be better as stand alone policies. Each employer may also have regulations on how and when the policies may be used. It is important to understand the rules and costs of each policy before purchasing one.

"Insurance is a legal contract that protects people from the financial costs that result from loss of life, loss of health, lawsuits or property damage."(Nielson.) This protection is given to the customer in exchange for a monthly payment to the company. This is a legal contract which is known as a policy, binds the customer to the insurance company for the duration of the policy. Insurance, whether it be life, health or auto, helps customers feel safe from everyday risks that can happen in life. Most insurance is optional, although some states enforce a law that automobile insurance must be purchased in order to register a car. Automobile insurance is very important. It helps the policy holder to protect their car

In fact, if you are like most Americans, you may several term life insurance policies. You may not even realize you have them. These are often accidental death policies that only pay if die of an accident. Sometimes, they are more strictly defined, such as "while flying."

As health coverage for Americans continue to rise, what are the tax penalties for those who are not enrolled.

Life insurance is a type of coverage that pays benefits upon a person's death or disability.(Answer, 2009) This will financially

All my life I have been provided with a medical card just in case I need it. For the most part every time I went to the doctors is when I feel ill or getting a regular checkup. Sometimes I go there to get a refill on my asthma inhaler. I was living a pretty comfortable life knowing if anything happened to me I would have something to at least get treated by a doctor. Another thing is to visit a dentist to keep my teeth clean I do appreciate them telling me what's happening with my teeth. Every time I went my gums were pretty healthy and they tell me what I need to do at home to keep them that way. Now in 2012 I started having blurry vision and needed to go to the eye doctor. These are the things necessary for us to live longer.

Insurance allows people, organizations and different elements to ensure themselves against significant potential misfortunes and money related hardship at a sensibly reasonable rate.

When you buy your house, it is important to make it insured. In the first place it is your investment. Making your house insured gives you peace of mind for the future.

Obviously when it comes to automobiles, having car insurance is essential, especially when most states require some sort of it. However, it’s for your own good because if one were to get an automobile accident. It costs a lot of money simply to replace the damages in the vehicle typically, meanwhile, if you hit another car and/or it causes injuries, the chances are that you’d go bankrupt or put you in a bad financial situation. So, the key is to have car insurance, especially since most states require you to follow the financial responsibility law.

When you decide to purchase a term or a whole life insurance policy, the type you choose should be based on the financial needs of your family. Although both life insurance policies provide a payout if you pass away that covers the cost of college tuition, mortgage payments, and daily expenses, there are major distinctions between two types. The team at Davies-Barry Insurance, in Juneau, AK, discusses the differences between term and whole life insurance.

Health insurance is something every person should have as it helps cover medical and surgical expenses. If a person were to lose an arm or a leg, insurance would help pay for the cost of a prosthetic or surgery to repair the arm or leg. Most insurance companies offer subsidies such as vision and dental plans to assist with anything in regards to your eyes or teeth. There are a very few insurance companies that do offer a hearing plan, but most of those companies are private insurance companies. (Gandal)So, what about a person that is born with hearing loss or loses their hearing? Insurance companies do not consider hearing aids as something people need.

The reason for life insurance is to safeguard the most valued asset a young investor has, human capital. The investor is protecting his future earnings against lifetime uncertainty. In the event of passing away, the insured’s heirs or dependents will be given a sum of money to replace the wages he provided. Commonly, policies are bought to hedge against the mortality risk, “so human capital affects both optimal asset allocation and demand for life insurance.” Mortality risk is hedged by life insurance because the more human capital an investor has, the more life insurance he will need. This is perfect because of the negative 100 percent correlation the consumption (alive) and bequest (dead) state have with one another.

Consumer perception for life insurance ..................................................................................................... 15 Consumer buying behavior for buying life insurance policy....................................................................... 15  Need ................................................................................................................................................ 15 Page 3

As this research is focussed on limited group and a limited area space it is not enough to study

Irish Insurance Companies offer different policies. This is one of the reasons people consult experts before choosing any agency.