How long a term for term life insurance?

Secrets to determining how long you'll need life insurance coverage.

Agents like to talk about policies you can keep throughout your life. What they sometimes won't tell you is that you don't need life insurance coverage throughout your life.

The secret to buying a policy with the right term is figuring out how long you need to be insured. You start by estimating when your children will be out on their own and no longer in need of your financial support.

So if your children are 3 and 5 now, you'd probably want a policy that covers you at least until the youngest is 22, so that's about a 20-year term. But this depends somewhat on your age as well.

Say you also want to cover your spouse for your lost income until what would be your normal retirement age, 65, and you're only 35 now. Then you would want a 30-year policy.

Keep in mind that insurance gets very expensive as you leave your 50s. So you may pay more to cover yourself until 65, even if you lock in a level-premium, 30-year policy when you are 35. Coverage past age 70 or so may be unattainable.

Life insurance is not a substitute for a retirement plan. You want to plan so that you'll have enough to live on when you retire, and you won't have to keep paying insurance premiums.

There are exceptions, however. People who start families late in life, or who have complex estate-planning issues, may well have a need for life insurance beyond the customary retirement age.

One more thing: Steer clear of so-called mortgage insurance policies, which pay off the balance on your mortgage if you die. The problem is that you are paying for a steadily declining amount of coverage, as you pay down your mortgage. It's best to include the mortgage payments in your calculations when determining how much coverage you need.

How much life insurance coverage to buy

 you're going to buy life insurance, make sure you've got enough.

There is no simple answer to how much coverage is enough.

Some financial planners say you need enough insurance to replace five to seven years of your salary. If you have young children or significant debt, you should bump up your coverage so you have enough to replace as much as 10 years of your salary, they say. That would mean a person making $50,000 a year should have anywhere from $250,000 to $500,000 worth of coverage or more.

Remember, the sole purpose of life insurance is to replace your income in case you die, so that your dependents can maintain their current lifestyle.

Factors to consider include whether the surviving partner will have child care expenses if one partner is out of the picture. Do you have other assets on which to draw? Will your children be out of the nest soon? These, and many other factors, influence the decision on how much coverage you need.

Buying a whole-life policy doesn't necessarily mean you are fully insured. Because of the investment component of whole life, the policies are much more expensive than term. Don't simply buy less coverage, as it defeats the purpose of buying insurance in the first place: to cover dependents.

Strategies for buying life insurance

Getting the right life insurance policy at the right price can be incredibly easy or very difficult.

Life insurance is a highly competitive business, in which the salesforce depends almost entirely on commissions.

Insurance companies pay fat commissions for selling whole-life policies; perhaps 80% of your first year's premium goes to the agent. Commissions for selling term-life policies amount to roughly the same percentage of first-year premiums. But since whole-life premiums are much higher than premiums for term-life policies with the same death benefit -- they can be five to ten times more -- agents make much more money selling a whole-life policy than they do selling a term policy.

It's no wonder, then, that agents push whole-life policies as if their livelihoods depend on it, because, well, they do. If whole-life policies were beneficial to consumers, our story would end here. The fact is the vast majority of those who need insurance should buy term.

Today, the annual premium on a $500,000 term policy for a healthy, nonsmoking 40-year-old male might be about $500. The same policy for a healthy woman, aged 30, might cost about $260 annually.

Not long ago you couldn't buy term policies with level premiums for periods of more than 10 or 15 years. Today you can easily find 20- and 30-year term policies.

Agents will argue that whole-life policies are superior because you can keep them the rest of your life and build up cash in them tax-free, which can then be borrowed.

That's true, but they don't tell you about the high fees and commissions built into whole life as well as surrender charges (if you want to cancel the policy) that often leave you with little or no cash value five and even 10 or 15 years after you take out the policy.

The point of a tax-free buildup of cash just isn't that powerful anymore, given the proliferation of IRAs, 401(k)s, and other tax-advantaged savings vehicles that have tiny commissions, much higher yields and complete portability.

So stick with term, and do your investing elsewhere.

Types of life insurance policies

There are two basic kinds of life insurance policies: whole life and term insurance.

Whole-life policies, a type of permanent insurance, combine life coverage with an investment fund. Here, you're buying a policy that pays a stated, fixed amount on your death, and part of your premium goes toward building cash value from investments made by the insurance company.

Cash value builds tax-deferred each year that you keep the policy, and you can borrow against the cash accumulation fund without being taxed. The amount you pay usually doesn't change throughout the life of the policy.

Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return. To get a higher return, these policies generally don't guarantee a certain rate.

Variable life and variable universal life are permanent policies with an investment fund tied to a stock or bond mutual-fund investment. Returns are not guaranteed.

The other type of coverage is term insurance, which has no investment component. You're buying life coverage that lasts for a set period of time provided you pay the monthly premium. Annual-renewable term is purchased year-by-year, although you don't have to requalify by showing evidence of good health each year.

When you're young, premiums for annual-renewable term insurance are dirt cheap - as low as a few hundred dollars per year for $250,000 worth of coverage.

As you get older, premiums steadily increase. Level-premium term has somewhat higher - but fixed - premiums for longer periods, anywhere from five to 30 years.

Choosing the right life insurance

1. All policies fall into one of two camps.

There are term policies, or pure insurance coverage, and the many variants of whole life, which combine an investment product with pure term insurance and build cash value.

2. Insurance is sold, not bought.

Agents sell the vast majority of life policies written in the U.S. because the life insurance industry has a vested interest in pushing high-commission (and high-profit) whole-life policies.

3. Whole life is expensive.

Policies with an investment component cost many times more than term policies. As a result, many people who buy whole life often can't afford an adequate face value, leaving themselves underinsured.

4. Whole-life policies are built on assumptions.

The returns quoted by the agent are simply guesses - not reality. And some companies keep these guesses of future returns on the high side to attract more buyers.

5. Keep your investing and insurance strictly separate.

There are better places to invest - and without the high commissions of whole-life policies.

6. Buy enough term coverage to fill your needs.

Life insurance is no place to skimp, especially with generally low rates.

7. Match the term of the policy to your needs.

You want the policy to last as long as it takes for your dependents to leave the nest - or for your retirement income to kick in.

8. Buy when you're healthy.

Older people and those not in the best of health pay steeply higher rates for life insurance - so buy as early as you can, but don't buy until you have dependents.

9. Tell the truth.

There's no sense in shading the facts on your application to get a lower rate. Be assured that if a large claim is made, the insurance company will investigate before paying.

10. Use the Web to shop.

Samsung galaxy S4 buy or not??

Without going into too much detail, let’s have a.......
look at some of the main pros and cons of the
Samsung Galaxy S4. To put these into context,
we’ll draw some brief comparisons with its main
competitors – the HTC One and the Sony Xperia Z
– where appropriate. Some of these factors alone
could be enough to influence a buying decision
and certainly worth considering if you’re
interested in buying the S4.
For more detailed comparisons you may be
interested in some of the other Samsung Galaxy
S4 vs HTC One content that we’ve posted.
Samsung Galaxy S4 Pros

Removable battery –

this is a big plus – it gives the opportunity to
manually power the phone down should it freeze,
facilitates accessories such as the Galaxy S4 flip
cover (which replaces the back cover to clip to
the handset, thus adding less bulk than other
cases) and also enables a third-party extended
battery to be attached if/when it’s released. The
HTC One and the Sony Xperia Z do not have
removable batteries.

Repairability –

early reports have suggested that
the Galaxy S4 should be very easy to repair should
the situation arise. This is in stark contrast to the
HTC One, which was given the lowest repairability
score possible by iFixit.

MicroSD slot –

for some the inclusion (or lack of)
expandable storage can make or break a purchase
decision. The inclusion of a microSD slot with the
S4 gives the opportunity to expand the storage by
64GB. The Xperia Z can also take a microSD card
up to 64GB, whereas the HTC One does not have a
slot at all.

MHL 2.0 – Less wires when connecting the S4 to a
TV. Using MHL 2.0 means that an external power
source (microUSB charger) is not required to
power the MHL adaptor, making it more
convenient to connect and more portable. The
Xperia Z and the HTC One do need the MHL cable
to be powered.
Smaller and Lighter than the competition, but
still manages a 5″ display. It’s only ~15g lighter
than the One and the Z, but beats both with its
dimensions measurements as well.
Newer version of Android – All three handsets
run Jelly Bean, but the S4 runs Android 4.2.2 out
the box whereas the others run 4.1.2. There isn’t
a huge difference between the two versions so not
too big a factor to consider, but is perhaps
indicative of Samsung being quicker to update its
handsets to the latest version of Android.

Wireless charging - a nice feature but not all that
important in terms of functionality. It’s also worth
noting that additional accessories are required
(release date awaited) so it is not offered out of
the box.
Accessories – overall the S4 has the most diverse
range of accessories compared to other handsets.
However, it should be mentioned that Samsung
has disappointed customers in the past by delaying
or not fulfilling accessory promises. Wireless
charging for the S3 as announced but never
released, for example. The situation looks better
this time around though and some stock of
protective accessories such as cases has already
started to arrive.
Built in TV remote – A useful, but not essential
feature to have. This is also included with the HTC
One.
Eye tracking – The S4 has several eye tracking
features included which are its main differentiator
when it comes to software.
Multi window (split screen mode) - another
software element that is unique to Samsung
handsets. It was first introduced with the Galaxy
Note II, but is now included with the SGS4. This
feature enables you to view two apps at once,
which is particularly useful for web browsing,
checking email and reading through documents.
Officially there are only certain apps that work
with multi window, but there’s a hack for the Note
2 to force the feature for other apps, so there will
likely be one for the S4 as well.
AirView - the ability to preview content by
hovering a finger over it – no need to touch the
screen. Hovering over the S Planner (calendar),
images, videos and more will activate the content
as though it’s been clicked.
[image name=samsung-galaxy-s4]
Samsung Galaxy S4 Cons
Not IP57 rated - Usually we wouldn’t look at this
as a disadvantage as it’s only been available in
smaller, bulkier handsets. However, now that Sony
has included it with its
Xperia Z flagship, it warrants a mention alongside
similar devices such as the S4.
Small internal storage (16GB) - This isn’t a huge
problem as microSD storage can be used (up to
64GB), but many users would prefer a large
internal storage as well. Samsung often announces
larger memory variants of its handsets (32GB and
64GB), but in the past availability of these has
been poor. The Xperia Z has the same memory
options as the S4, whereas the One has only 32GB
internal.
Price - It’s the most expensive Android handset
out there and significantly dearer than the Z and
the One.
Design - aesthetically the S4 isn’t as pleasing as
the HTC One and its plastic design feels less
premium than the aluminium of  the One. It
should be noted however that plastic does have
advantages from an industrial point of view, such
as being more flexible and not heating up so much
compared to metal. The S4 also looks similar to
the S3 and other Samsung Galaxy handsets.
Sound – The sound on the Samsung Galaxy S4 is
good, but won’t be as good for music playback
and recording as the HTC One, which has dual
front facing speakers and a dual membrane in the
microphone for recording. See this comparison
between the One and the S3 for reference.
Conclusion
Hopefully this has given you a rough overview of
some of the main pros and cons of the S4. There
are many more comparisons that can be drawn
between the S4 and other devices, especially
when it comes to software, so please feel free to
point out in the comments any that you feel to be
of particular significance.

Health Insurance: Need Or Necessity

Including various other insurance policy, medical health insurance protects a person financially. With medical health insurance, a person safeguard by yourself as well as your family in case you or maybe someone close needs medical care, that could possibly be very costly.

Regardless of whether that you are wedded or maybe single, have got kids or maybe simply no kids, you should buy inexpensive medical health insurance. It offers you the particular relief connected with learning a person and your household will probably receive the attention you need.
What if a person don’t have got medical health insurance?

Should you don’t have got medical health insurance, you will need to cover the healthcare from the unique wallet in the time assistance. Medical could be costly—often quite a few 1000s of dollars for the considerable illness. A simple wellbeing strategy aids make certain that, should you or maybe someone close needs medical care, very easy produce a economic crisis. In addition, it aids guarantee you will receive the top quality healthcare that you'll require, at any given time.

It’s unattainable to foresee the professional medical costs. Many several years, the professional medical charges can be low. But should you turn out to be i'll, the costs could possibly be quite high. Should you have medical health insurance, lots of the charges usually are included in this insurance company (a 3rd party payer), certainly not by a person. Receive a free, no-obligation offer with medical health insurance on your own, your household, or maybe someone close, and you might possibly be astonished on exactly how inexpensive it may be.
Will you be a newly released grad or maybe fresh adult?

Many latest graduates and over 16 neglect to understand why they need medical health insurance. They check out independently as "healthy, inch and insurance plans for needless price. This can be a very unsafe state of mind with possibly harmful economic penalties

Never inside our existence usually are many of us defense to incident and personal injury. This really is accurate even when you're fresh. Sports-related accidental injuries, vehicle accidents, and health problems necessitating medical assistance could happen on any kind of age group. When getting started within your job, a person shouldn’t consider raise the risk of obtaining the burden of an huge medical bill as you acquired hurt or maybe sick and tired and didn't have got medical health insurance.
Medical health insurance protects the economic potential

Medical health insurance is usually a fundamental building block inside route to a sound economic potential. Recent grads along with other over 16 can be certainly not included in parents’ medical health insurance. They should be invest in wellbeing insurance—even a new short-term coverage until eventually there're protected under a good employer’s plan— so that you can safeguard independently and be sure they can afford the attention they need, at the least regarding an accident or maybe considerable illness.

PC TRICKS AND TIPS

You may have noticed that everytime you open my computer to browse folders that there is a slight delay. This is because Windows XP automatically searches for network files and printers everytime you open Windows Explorer. To fix this and to increase browsing significantly:

1. Open My Computer
2. Click on Tools menu
3. Click on Folder Options
4. Click on the View tab.
5. Uncheck the Automatically search for network folders and printers check box
6. Click Apply
7. Click Ok
8. Reboot your computer

create a folder without name

1. Select any folder
2. Right click on it,press rename or simply press f2
3. Press and hold alt key while holding alt key type no. 0160 from numpad
4. Press enter and nameless file and folder will be created

use numpad not simple horizontal number keys

 Shutdown Your Pc in 3seconds..

You can shutdown your computer within 3seconds.. yes it is possible.. simple trick
follow the steps:

1.press Ctrl+Alt+Del. It opens task manager.

2.Go to shutdown Tab.

3.Now Press and HOLD Ctrl key and then click TURN OFF option.

NOW YOUR COMPUTER WILL TURN OFF WITHIN FEW SECONDS

CALL UR FRIEND WITH HIS NUMBER::!!!!!

Hello Friends after "Make Free Phone Calls From PC to mobile for free" hack today I am sahring With you a extremely Nice Prank or you can simply say Hack i.e "How To Call Your Friends From THeir Own Cell Number".
Mobile hack to call your friends:

1. Go to http://www.mobivox.com and register there for free account.
2. During registration, remember to insert Victim mobile number in "Phone number" field as shown below.
3. Complete registration and confirm your email id and then login to your account. Click on "Direct WebCall".
4. You will arrive at page shown below. In "Enter a number" box, select your country and also any mobile number(you can enter yours). Now, simply hit on "Call Now" button to call your friend with his own number.
5. That's it. Your friend will be shocked to see his own number calling him. I have spent last two days simply playing this cool mobile hack prank.