Raleigh, NC, July 1, 2008 - Each year, more than half of a million people in the United States die from heart attacks and, according to the May 2008 Ipsos survey of American financial attitudes, thirty percent of these people do not have a life insurance policy. The lack of a life insurance policy leaves family and loved ones to assume the funeral costs of the individual who died, which can amount to more than five thousand dollars at today’s rates.
“As troubling as it can be to think about, the fact is that death can come suddenly and unexpectedly for many people. Top on everyone’s mind these days is Mr. Tim Russet of Meet the Press who passed away two weeks ago at age 58 from a heart attack. My thoughts go out to his family, of course, and I hope that they had a life insurance policy in place, but what if they did not? Who would have paid the thousands of dollars in funeral costs? How would the family and loved ones have continued to cover their ongoing living expenses without his income?” asks Reilly O’Neal, founder and president of QuoteRetriever.com, an online insurance marketplace.
Life insurance is a protection that you put in place while you are living to spare your family and loved ones unnecessary financial strain once you have passed. Life insurance policies are issued to applicants aged eighteen years or older and the most common type of life insurance, level premium term life, has level premiums for a specific period of time called a policy term. During the term, the insured, or policy holder, agrees to pay a premium, typically a low, monthly sum of money, to the insurance company. In the event of the policy holder’s death, the insurance company pays a predetermined death benefit, a sum of money that may be used to cover funeral costs and ongoing living expenses, to the specified beneficiaries, who are the family members and loved ones that are listed in the life insurance policy.
With six distinct types of life insurance policies available, knowing which policy to choose is confusing. The key to finding exactly the right policy to suit your needs today and in the future is to work with a licensed insurance specialist or advisor whom you trust and who will help you retrieve and compare a variety of insurance quotes.
“It can be an overwhelming process when you first consider purchasing life insurance and that’s one of the reasons that we have policy comparison charts available on our website, QuoteRetriever.com. But, even with all of that information out there to get you started, I don’t recommend diving into the process on your own. Work with a trusted representative, such as the licensed professionals we have on staff at QuoteRetriever.com, because they can help you obtain quotes from over one hundred insurance companies and then help you determine which is the best quote for your unique needs,” says O’Neal.
Be sure to prepare your family for a stable future in the event of your death: allow them to grieve for your passing when the time comes, instead of getting caught up in financial worries for the future. When you need help navigating this path, visit the QuoteRetriever.com website and contact one of their professionals to walk through the process, because 5 minutes spent today could spare a lifetime of suffering for your family and loved ones tomorrow.
About QuoteRetriever.com, LLC Founded in 2004, is headquartered in Raleigh, North Carolina and is a nationwide insurance brokerage company working with more than one hundred and fifty highly rated carriers and partners.
For more information, please contact:
T. Reilly O’Neal,
President/ Founder
877-306-2146 ext 100
reilly @ quoteretriever.com
http://www.quoteretriever.com/
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