Know about Life Insurance

5 KEY QUESTIONS TO ASK ABOUT YOUR LIFE INSURANCE You may have purchased life insurance years ago and never looked back. “Life is dynamic,” he says. “Some of the reasons people have life insurance is to replace income or to fund goals that you expect to fund if you are living and working. But when you die, that income goes away and so does the money to fund some of those goals.” five questions every person should ask about their life insurance coverage: Do I have the right type of coverage? There are two types of life insurance: term and permanent. Ramassini says with term insurance, there is an even exchange. You pay a premium and if you die within a certain period of time, a death benefit will be paid out. He notes that once this type of insurance expires, it gets more expensive as you get older. Permanent life insurance typically provides both a death benefit and a cash value. Part of the premium will go to the cash account, while another part will go to a death benefit. The cash value can be invested in different ways. But unlike term life insurance, permanent insurance does not expire as long as you keep paying the premiums. Ramassini says you should take into account your health when deciding which plan is right for you. Read more at http://starhealthdevarajan.com/news/612 for Insurance related Services call 98401 77017 Devarjan