Most Popular:

  Advertising on the Internet
  Creating a new Identity
  Overnight Delivery Services
  SPAM, Scams, Malware, Hoaxes, Urban Legends & False Information
  Web TV

BUY INSURANCE ONLY WHERE IT IS NEEDED

Another common misconception is that it is a good idea to buy insurance for every family member, including your children. True, life insurance for children is relatively cheap, but that is because of their minuscule mortality rates. Therefore, most of the premium for universal insurance (also called wholelife, cash-value or variable insurance) goes into a tax-deferred savings account.

However, keep in mind that most of the first year's premium goes to pay the agent's commissions. After that, expenses consume at least ten cents of each dollar. What is left earns only about that which a Certificate of Deposit (CD) in a bank would earn. And there is much more flexibility with a bank CD than life insurance.

The best way to approach the insurance issue is to insure only the heads of household who are the wage earners for the family. Inexpensive term insurance would be a better value. For example, $250 in universal insurance buys only $18,000 worth of coverage. With term insurance it would cover $250,000 worth of insurance. Then set up an automatic savings plan for your children's education.


Disclaimer & Product Information:

The text and documents contained in these reports were compiled from a number of different sources, representing many different viewpoints. For that reason, no claims of content accuracy or other legal issues is made. Also, some of these reports were written several years ago, so the information contained in them may be slightly out of date.

No warranty is expressed or implied. These reports are sold and distributed "as is". The reader is advised to seek legal counsel before starting any business or implementing any ideas contained in these documents should the reader need such advice.

Most of the information in these reports applies to people living in the United States. Some of the information MAY be applicable to other countries as well.

There is no copyright on the information in these reports. Permission is granted to reprint, distribute by any means or even resell these reports.

© Copyright 2017 About-The-Web.com - About/Contact