Hey guys,

I tried a new thing today called pickle ball. It's an awesome sport, and to my surprise, lots of seniors play it! So it's perfect for me. Thought you might be interested, it's like badminton and ping pong combined, it's great. www.pickle-ball.org got me interested and lists all the rules, sure you could find other sites too. Let me know what you think about the sport.

Andrew

A life insurance policy is basically a mutual agreement between your insurance carrier and you. You agree to pay a certain amount of premiums for a stipulated number of years. In return, the insurance company agrees to pay your beneficiary a certain amount of benefits if you should die during the tenure of the contract. This is the dynamics of term insurance which is the most basic and most affordable life insurance you can opt for.

Whole or permanent life insurance includes an investment factor. It attracts customers because premiums paid accrue interest after a period of time. This interest is then added to the death benefit. However, because of the investment factor, whole life policies are more expensive than term life policies. There is debate on whether the investment factor in a whole life policy is really worth it. If you were to invest the difference between paying for term life and paying for whole life, the interest you accrue on that amount through a long-term investment plan would be greater than what a whole life insurance policy would pay you. Using a life policy as an investment is something you should consider carefully as there might be other options available that could make your money work harder for you.

Coming back to the basics, death benefits are what life insurance is all about. If you have someone who depends on your income, you need life insurance. Insurance is not complicated. It is a means of making up for the economic loss a family would experience if an earning member died. This means, after your death, your family would have enough money to afford a comfortable lifestyle. Ideally, your death benefits should be able to cover any debts, the mortgage and other priority expenses such as college education for your children or a daughter's wedding. When you deviate from the simple purpose of term insurance, purchasing a life insurance policy tends to become complicated and more expensive.

There are several types of term insurance policies you could consider: