It is fairly easy to understand why so many people at age 18 to 34 do not think they need life insurance. When you are younger, most of your energy is focused on yourself and your personal situation and goals. The older you get and the more your situation changes, so does your point of view. Marriage and children make a huge differences, as well as mortgage, and you start realizing that it is not about just you anymore.
When buying a life insurance policy, you have two options when it comes to how your beneficiaries receive money. One way is to get the whole amount all at once, tax free. Another way is to get the death benefits over a period of few years. This option will cost you less in premiums, but check with the company what the regulations are about tax ramifications.
Insurance agents suggest to visit your primary care physician before shopping for a life insurance policy. All standard forms of life insurance require a medical exam, so it is important to make sure that any issues you had and resolved are updated properly. For example, if you have been a smoker or overweight and changed your habits for the better, you want your profile to have that updated info so you could be rated better.
For many retirees, the idea of giving up their family home is a tough proposition to accept. But according to Steven Sass, a research economist at the Center for Retirement Research at Boston College, that’s exactly what’s needed for many individuals to afford retirement.
“People have a serious behavioral resistance to touching their savings or home equity in retirement,” Sass told CNBC. “We think a lot more retirees need to think about using their house for income.”
According to the latest University of Michigan Health and Retirement study – conducted in 2010 – the average household entering retirement has a net worth of just over $300,000, including their home.
When shopping for life insurance, be honest about your health and any conditions you have. Don’t waste your time by tiptoeing around the topic, because if this specific company will not offer you coverage, there are others that will. Just because your got turned down by one carrier, it doesn’t mean that you will not find a policy that will be just right for you.
Before deciding on a health plan, check to see their network requirements. Some plans demand that you see an in-network provider only, and that can be very limiting. Examine their providers list to be sure that you have enough options that are convenient for you if you need to see a doctor, a specialist, and which hospitals you can go to. Look at the locations and zip codes, and you can make a few calls to double check that the doctors you are interested in will except that insurance.
Many often skip breakfast, saying that it’s because they are too busy. But, doing this one innocent thing has a lot of impact to how your day will go. When skipping meals it becomes much easier to overeat because your hunger goes out of control. Therefore it is important to snack during the day but choose your foods wisely. Regardless, snacks are not instead of the proper three meals which you should have daily.
Creating a healthy lifestyle is not as hard as some may think. It does involve some preparation and thought, but it is definitely doable.
- Make it a habit to be active
- maintain a healthy body weight
- eat a variety of foods and plenty of fruits and vegetables
- watch your portion sizes and eat regularly
- do not eat too much saturated fat, sugar, and salt