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Many are wondering what is better between the two; whole life or term insurance. Well, I for one believed that term is useless, but I was wrong. The whole life insurance is not actually needed and can be a waste of time and money. Of course there are some cases that it may be a good policy, but mostly, people will benefit more on the term insurance.

One good case for getting whole life rather than term insurance is when there is a disabled child in the family that will need life long care. Once the parents die, the child might be left on their own. A whole life policy will ensure that this child gets the care they need throughout the rest of their life span. Though term insurance can do this, it is probably a better idea to get the policy that will be in effect until the day someone passes on. Even if arrangements have already been made, it might still be smart of have the added protection of this type of policy.

In other instances, term insurance is all anyone needs. This money can pay funeral expenses, and it can also give a family some money in the event that something happens to a parent at an early age. Accidents happen, and though we dont like to think about it, having term insurance for this reason is always a good idea. If someone has no children, it might not be as important, but when children or a spouse are involved, insurance is something that is needed to protect them.

Term insurance can go for a few years or on up. Some policies are renewable as time goes on, but once the children have grown and a good retirement account has been established, it might not be necessary to keep the term insurance at all. This will be a judgment call of course, but it is not going to be the sole source of income if someone were to die early. Some who are of a charitable mind will have term life with the benefits going to charity until the day they marry or have children. Others find that they have a great policy at work, but they should remember this probably only covers death that happens on the clock. They need something more than that for their family.

I am not meaning to be too harsh here on the topic of insurance but I am just stating a fact that even my own insurance broker related to me.By it’s very nature, “insurance” is kind of a boring topic with not a lot of emotional appeal, but it’s up to us to change that.

One of the problems of an average wage earner in America is the health care costs. Some people are lucky to have employer-paid health insurance, but most people are not. If worse comes to worst, you bet you can expect your bills to reach hundred of thousands of dollars plus other prescription medication costs.

Despite government incentives in the form of tax breaks to promote affordable health insurance for small business employees in group plans, few employers have availed themselves of this option. It’s simply too expensive. Small business owners are already strapped and the tax breaks offered don’t measure up.

It is so much difficult to choose between eating and being insured.The fact that there is no cheap health insurance. You can go bankrupt while paying a costly medical emergency.

If your income falls at or below the poverty line, you may qualify for affordable health insurance. Most states have Federally funded programs which pay for medical treatment in the case of life threatening conditions. You then are allowed medical treatment on a level that sustains life, but are disallowed certain procedures afforded a person with full coverage. Premiums are determined on a sliding fee scale, depending on household income and the number of persons in your family. Such premiums do fit the description of affordable health insurance, but are lacking in the quality of care you receive.

In 2006, the Feds required State agencies to cut their health care insurance by a certain percentage. However, the States complied in an offhand manner such as the dental services were for emergencies only. At that time also, the adminstration ordered the VA to cut dental funding to Vietnam vets for the sake of Iraq war vets. That left the Vietnam vets no choice but to remove their own teeth with a pair of pliers.

With a new crop of candidates aspiring to the Presidency, affordable health insurance is a hot issue. This rich nation should address the issue of affordable health insurance with more than lip service. All of our citizens deserve decent health care without regard to income.