Building Secure Futures, One Family at a Time - Seite 2

On the other hand, permanent life insurance policies are ones that do not expire. They protect your loved ones permanently. These plans typically offer more long-term security and may even accumulate cash value over time. While permanent life insurance may initially cost more than term life insurance, they can also be more cost-effective in the long term.

Depending on your responsibilities and financial situation, the best life insurance plan for you may be term insurance, permanent or one of the many other options offered by insurance companies.

Helping You Find Insurance
Many leading insurance companies are making it easier than ever to put life insurance within reach. And some companies have new products for Americans who otherwise might not have easy access to life insurance plans.

Life insurance can also provide an array of benefits to dependents such as:
1. Assistance in paying off debts such as a mortgage, auto loan or credit card
2. Coverage of daily living expenses
3. Help with saving for expenses such as college tuition, weddings or starting a business
4. Paying for funeral expenses

In addition to expanding their coverage to include families who may traditionally be underinsured, major life insurance companies have also worked to develop tools, such as insurance premium calculators, that help you select the type of life insurance that is right for your needs and concerns.

Many companies have commissioned studies that explore the changing demographics, retirement ages, lifestyle habits and compositions of American households and have developed adaptable insurance policies in response. Other insurers have taken steps to diversify their offerings to better fit the needs of customers in developing nations.

MetLife, for example, has developed insurance plans to target traditionally uninsured customers in the United States and abroad. The New York-based insurer now offers prepaid insurance policies at Walmart stores in Georgia and South Carolina, with a first month's premium of just $5. The company has also developed initiatives to increase access to insurance in the Bogotá region of Colombia by selling policies through supermarkets, door-to-door and allowing customers to pay their insurance premiums through their natural gas utility bill.

It may seem complicated and you may not want to think about it while you're in the prime of your life, but life insurance is easier to obtain and less expensive than you might think. There are several helpful tools and information available to help you find sufficient means to provide security for your families and loved ones. Picking life insurance shouldn't be a burden but an easy process. You should be able to enjoy the aging process and eliminate the unknown when it comes to life insurance.

About Family Features Editorial Syndicate
This and other food and lifestyle content can be found at http://www.editors.familyfeatures.com. Family Features is a leading provider of free food and lifestyle content for use in print and online publications. Register with no obligation to access a variety of formatted and unformatted features, accompanying photos, and automatically updating Web content solutions.

Vickie Rocco
[e-mail]
1-888-824-3337
http://editors.familyfeatures.com