Trans4mind Home Page
~ A Journey of Self-Discovery ~

Explore Article Library


Why Should I Even Bother To Buy A Life Insurance?

By Derek Gardner

Numerous economic experts believe life insurance to be the basis of sound economic planning. It is in general a cost-effective way to take care about your loved ones after you are departed. It can be an important instrument in many ways.

Income substitute

For the majority of people, their main financial asset is their capability to make a living. If you have people depending on you, then you need to think about what would happen to them if they suddenly do not have your income to count on. Income from a life insurance policy can help complement retirement income. This can be particularly useful if the benefits of your surviving other half or family partner will be reduced after you pass away.

Pay your debts

Think of life insurance so that your loved ones have the money to pay for the funeral, credit card debts unpaid and medical expenses not covered by health insurance. And further, life insurance can be used to pay off the house loan, as extra retirement savings and assist pay college education.

Charitable donations

If you have a favourite aid organization, you can assign some of the money from your life insurance to go to them.

Okay, you get the picture - you need a life insurance!

How much life insurance do you need?

To make a decision about how much life insurance to get, you need to find out what your goals are in buying this coverage. Try to find answers for the following:

Should I spare my loved ones for the funeral costs and other outstanding debts?

Am I worried that my wife or domestic partner will not be able to continue to pay off the mortgage?

Do I have dependents who count on my income?

What about college savings for my children or retirement savings for my spouse if I die?

Dependents

If you have children, or your other half does not work outside the home. Or maybe your aging parents life with you, and you financially take care of them. Then you have dependents. Are your loved ones capable of paying the mortgage without your financial contribution? Either way, your loved ones will no longer have your income to help them pay the bills and keep their lifestyle after you are gone. You will have to buy enough insurance to provide for their future.

Your family may also need extra money to make some changes after you die. They may want to move or your other half may have to go back to school to be in a better position to help support the family.

No dependents

If you are young and want to have a family in the future, you might also want to buy a life insurance now so that you can lock in a good rate.

Just because you do not have dependents, does not mean you do not have responsibilities. You may be concerned with not being an economic burden to others when you die. You may also want to leave some money behind to your family, friends or a charity. You should buy enough coverage to pay outstanding debts, tax liabilities and funeral expenses.


AND EXPLORE...

Addictions
Astrology
Careers & Employment
Communication
Creativity
Dating
Depression
Diabetes
Diets
Divorce
Education
Environment
Ethics
Exercise
Family
Goal-Setting
Grief & Loss
Happiness
Health
Kids & Teens
Leadership
Love
Marriage
Meditation
Nutrition
Organizing
Parenting
Psychology
Public Speaking
Relationships
Schools
Self Help
Self Improvement & Motivation
Sexual Relations
Spirituality
Stress Management
Travel and Leisure
Women
Writing


From our extensive site, you'll find good info on many topics using this search:

Want to renew your life?

Our online, interactive video workshops present the most effective methods of holistic personal development...
Start off with a Free Life Assessment and a Free Consultation...
 

Have a question about Trans4mind Training?

Frequently Asked Questions
What Are Our Fees?
Email Peter Shepherd

Support your personal development with these popular and effective hypnosis downloads...

  • Public Speaking Fear ~ Banish speaking anxiety and nerves with hypnosis.
  • Motivate Yourself to Exercise ~ Build a powerful exercise habit that you can't break.
  • Get Rid of Fear & Anxiety ~ Stop worry and apprehension wrecking your life.
  • Self Esteem ~ Break the negative trance of low self esteem and give yourself a chance in life.
  • Create Your Own Reality ~ Use the power of your unconscious mind to transform your life.
  • Deeper Self Respect ~ Use hypnosis to connect with your true inner worth.
  • Detach From Fear ~ Tune out nervousness and anxiety with hypnosis.
  • Improving Concentration and Focus ~ Learn how to discipline, direct and command your mind to improve your performance.
  • Exercise Motivation ~ Give you powerful keys to getting back on track with your exercise - and staying there.
  • Overcoming Shyness ~ Provides an invisible security blanket allowing you to develop social ease and overcome shyness.
  • Quick Confidence Booster ~ An audio hypnosis session that's specifically designed to get you (quickly!) back on track.
  • Stop Negative Thoughts ~ Learn powerful hypnotic techniques to stop negative thoughts before they start.
  • Overcoming Procrastination ~ Let hypnosis help you get on with what you need to do, when you need to do it. Let nothing hold you back.
  • Think Thin ~ Use hypnosis to re-train your brain and lose weight naturally... that's how to get and stay slim.
  • Fall Asleep Fast ~ Relearn how to fall asleep fast and enjoy a good night's sleep.
  • The Next Level ~ Designed to radically boost your performance in any field. It's based on a technique used by top athletes and other successful people to help them make a big stride forward.
This is our selection of favorites, but there's a session for every need! Choose from over 800 Hypnosis Downloads...
Search now on an issue that interests or concerns you...
 

Welcome to the New Wave in Meditation Technology

Click here to learn more about the iAwake Profound Meditation Program
The iAwake Profound Meditation Program
is a way of enhancing your meditation practice, making meditation not only easier and more enjoyable, but also more efficient and effective.
Profound Meditation provides the smoothest, deepest, richest, most profound meditation experience available anywhere...
Here is a link to a free 20-minute track from iAwake Technologies - a sample of the type of tools that will deepen your meditation immediately and help you quickly become a successful meditator. It's the opening track of iAwake's flagship product, the Profound Meditation Program, called the iAwake Experience...
Learn More and Download the iAwake Experience
We think you'll find this technology a tremendous aid on your transformative journey of becoming your best and most creative self - and you can get started today!
And here's a fantastic resource for self-education...

The World of Inspiration eLibrary

World of Inspiration
A treasure trove of personal development wisdom

Step inside. Just like a real library, there are thousands of quality eBooks presented on three "floors" and in different "rooms." To purchase your $15 Lifetime Membership to the World of Inspiration eLibrary, click the following button:

Payment is made through our secure transaction agent, PayPal.
The transaction is in the language and currency of your choice.
"I want to just say 'WOW!' This collection is probably the best money I ever spent! I've already received many times over in personal enrichment after just 9 days. I've had a past metaphysical background, but even newcomers to this material will really benefit. Thanks again." ~ J.S. (Pennsylvania, USA)
"The collection is everything which you promised. And more! A superb contribution to the good of the world. Many thanks indeed." ~ R.P. (Georgia, USA)
"Just a short note of thanks for the library. I've only had membership for several days now but I already feel this is perhaps the most interesting compilation I have yet seen. Worth far more than the price of admission. The browser linked structure works well and makes it easy to manage such a large storehouse of information. It is rarely that I find something I like as much as this or that I feel strongly enough to write a note like this." ~ P.W. (Minnesota, USA)
Copyright © 1997-2016 Trans4mind Ltd