Wednesday, August 25, 2010

ART Life Insurance vs. Level Term Life Insurance

Knowing the difference between annual renewable term life insurance and level term life insurance can help consumers understand the differences in term life insurance. ART or annual renewable term insurance is the lowest costing life insurance but cost is only fixed one year at a time and follows a predetermined schedule provided by each life insurance company. The price also changes annually. In contrast, level term life insurance provides fixed premiums and fixed face amounts for the “term period” that you select: 10 year, 15 year, 20 year, or 30 year. Another important distinction is that term life insurance does not provide cash value savings

Newsad Insurance Services is a proud supporter of Life Insurance Awareness Month September 2010.

Monday, August 16, 2010

Universal Life Insurance

A great way to save money is to purchase life insurance. One type of life insurance is universal life insurance, which is a form of whole life insurance. Universal life insurance blends whole life insurance with term insurance and offers a competitive interest rate and guarantees. Where else can you currently earn 4.5% interest and have full access to your money?

Universal life insurance, like other types of insurance, should always be purchased from an agent or broker.

-Tom Newsad
Newsad Insurance Services

Monday, August 2, 2010

What Is The Purpose Of Life Insurance?

Financial advisors as well as some insurance advisors tell clients that insurance should generally be used for 2 purposes:

• The first purpose is to cover all final expenses including debts and funeral and burial costs
• The second purpose is to ensure that your family will be able to continue to maintain their lifestyle once you are gone

These are 2 primary reasons to purchase life insurance and should be talked through with a financial advisor or life insurance agent if you have questions about or are considering purchasing life insurance.

Life insurance can be a simple low cost alternative to providing for the future of our loved ones if we do not accumulate enough wealth to do so during our lifetime. Purchasing a life insurance policy can be a key element in estate planning and a legacy for surviving beneficiaries such as spouses and children.

For additional information, contact Tom Newsad at or Tom is a Grange Life Pacesetter agent serving Trenton, Middletown, Oxford, Franklin, Liberty Township and surrounding areas in Ohio, Kentucky, and Indiana.