Do you have life insurance? How about medical insurance? A great deal of people don’t. Insurance is vital. The investment may seem like a lot but in reality is not. For someone who is about 30, healthy, buying a 20 year level term life insurance policy, which has a fixed annual premium, would be looking at around 150 dollars-250 dollars a year to secure a 500,000 dollar death benefit. That would only be anywhere from 12 dollars to about 20 dollars a month. Of course this going up depending on age. For a 40 year old, about 350 dollars-450 dollars a year, for a 50 year old about 1,000 dollars a year, and for a 60 year old, the insurance policy would be about 3,000 dollars per year…
Medical health insurance is something we are all concerned with. On average, a visit to the doctor would run us approximately 250 dollars if we didn't have some sort of medical or health insurance. It is a blessing to have medical insurance but with the prices rising, its becoming more and more difficult for families to afford decent medical coverage. From 1999 to present day, medical health insurance premiums have increased by an astonishing 131%, while the general rate of inflation for the same period only rose 28%. That gives you an idea how expensive health insurance is…
The average cost for a family medical health insurance policy offered by an employer is 13,375 dollars this year. According to Kaiser Family Foundation and the Health Research and Educational Trust survey, health insurance is up 5% since 2008, while wages only rose 3%...
Investing in life insurance and medical health insurance should be a priority. Circumstances at times make it difficult to purchase a policy but that is a reason to find interest in politics and vote to appoint a proper representative who will have a favorable outcome to our economy, thus making more favorable on our pockets. Life insurance and medical health insurance has been around and will continue. Perhaps prices will continue to rise;) So this one day will not be news, rather this we already knew. Invest!
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