Making Sense of the Value of Term Life Insurance

What is the Purpose for Life Insurance?Term Life insurance protects your family by paying benefits in the event of your death. When you purchase this, you make a legal agreement with the insurer or insurance company declaring that you pay your insurance every month and the insurer will pay your beneficiaries upon death.A few people dislike the thought of life insurance, yet it is an important means of guarding your family against financial burden that can occur from estate taxes upon death.The Two Types of Life InsuranceThe two main kinds of of this are: term life and permanent. Term life and permanent insurance have their own particular kind of coverage for you and your family.The most straightforward type is term life insurance. Term covers your loved ones for a certain amount of time (also known as a term). Term policies last from one to thirty years. Term policies do not provide savings and give a death benefit once. Term policies give benefits for the time the policy holder pays premiums. The premiums are the total amount of the insurance and are split into monthly payments that have been estimated for the whole duration of coverage. A three year term policy would have a total of thirty six monthly premium installments.Permanent insurance provides a return on investment at a later period along with a death benefit. Premiums are higher for permanent insurance than term due to it having a long term savings plan. The usual kinds of permanent insurance are: whole, universal, and variable universal.Comparing Term and Permanent Life InsuranceTerm insurance is great for people who are on a budget and need protection for a certain period of time. Term provides more protection at less of a cost. Individuals with various obligations such as a mortgage, kids, loans, etc. may find this type of insurance beneficial. Getting enough term coverage for your needs can take care of these costs and others. If you need to purchase coverage when your term policy expires, bad physical condition and your age will affect premium rates.Permanent is more costly, but provides many benefits along with a premium that remains the same as you get older or if your physical condition worsens. Generally, permanent increases in value and gives the insured the ability to use funds as the investment grows.Whole or ordinary life insurance is the usual type of permanent insurance. Whole insurance has an initial cost and premiums that remain the same for the lifetime of the policy. The premiums have to be paid on time. A universal life policy allows you to pay your premiums according to your schedule and allows payments in nearly all amounts. You can adjust the death benefit amount based on your requirements.Variable life insurance policies have cash value as well as a death benefit. The policy’s value is affected by how well the investments are doing. If the investments you choose do well, you receive a higher death benefit and monetary value for the policy. A few policies have a minimum death benefit that remains unchanged by the performance of your investment.Variable universal insurance has the features of variable and universal life insurance. It is flexible like a universal policy, but is risky and has the potential benefits of a variable policy.Choosing a Life Insurance Company and PolicyWhen purchasing a policy, here are some crucial points to keep in mind. Look around first prior to purchasing a life policy. You can purchase insurance right from an insurer online or on the phone. It is more cost effective to buy online than from an insurance sales person due to the commission they receive (also known as a load) when a policy is sold.Hundreds of insurance companies provide policies, making the life insurance industry a competitive one. This competition can be an advantage to the buyer due to it being helpful, but at times is a disadvantage as a result of all the options available from various companies. Finding a policy can be less effort if you keep four things in mind when you make a decision: rates, budget, service and stability.Rates – Life insurance is an extremely competitive industry with rates fluctuating widely between companies. Search for three to five polices that have the right rates for you and the coverage you need.Accountable Budget – When you choose these policies, make certain that the premiums are affordable for you. There is no point in purchasing a policy that is not within your budget.Provided Service – There are two things that can be done when figuring out the value of each company’s assistance. When working with a sales person, you will be looking at how well the person assists you when discussing the advantages of purchasing certain policies. Are your questions being answered plainly? Are they knowledgeable? Are they sharing all necessary information?When thinking about three insurance sales persons or companies, you can observe each one’s capacity in answering your questions and providing their full consideration. Evaluate possible companies and insurance sales people. Be sure to check a company’s background through the state insurance department to find if they or any of their sales people have received complaints.Safety – An insurer’s financial strength and capacity to make approaching fiscal obligations are united together. It is imperative to check that the insurer will meet your death benefit.These four steps will help you to consider each insurer, sales person, and policy. Ultimately, you will be able to make an educated decision.Your employer can be a great source to help you find life insurance within your budget. A lot of companies have attractive group rates on term life insurance.How Much Do You Need?A few individuals believe that there is no such thing as too much life insurance. It is a safe practice to purchase a minimum of five times your annual income. A lot of policies have a double indemnity clause. A double indemnity clause gives your beneficiaries double the amount of your death benefit upon sudden death such as an accident or catastrophic occurrence.When considering how much you will need, go over your annual expenses, great debts (like mortgages), and long duration or prospective payments (like education expenses). If your death benefit allows for huge debts, and covers a year of living costs and investments or shielding for long duration or prospective payments, you have the right amount of protection.Last, it is important to think about what you expect from your insurance policy. Do you need coverage for a certain amount of time and a big death benefit, or do you need a long term financial plan from your life insurance? Thinking about and finding answers to these questions go a long way towards getting a policy with a perfect fit.

Homeschooling Methods: From Charlotte Mason to Classical Education

Homeschooling? Unschooling? Charlotte Mason? Waldorf? Part-time? Full-time? The variations within homeschooling can be overwhelming. But don’t worry — it’s not as scary as it first seems.Consider these common curriculums and educational philosophies used by homeschoolers. This is by no means a comprehensive list, but does cover many major programs and should help you feel more comfortable deciding what kind of homeschooler you are.Unit StudiesIn unit studies, one subject is intensely focused on at a time. This can teach the ability to both compartmentalize and synthesize information. Examples are doing an in-depth study of the presidents of the United States, or spending the month before a vacation to the ocean studying the sea and weather patterns. Unit studies can also use a child’s interests to study a broader subject; for example, studying fashion trends through the ages in order to see how major events in history affected day-to-day living.Charlotte MasonThe Charlotte Mason method is based on the work of British educator Charlotte Mason. She believed that “education is an atmosphere, a discipline, and a life.” She believed that atmosphere makes up one-third of a child’s education, that cultivating good habits makes up another third, and that children should be taught living, practical ideas rather than dry facts.WaldorfWaldorf education aims to educate the whole child, “head, heart, and hands.” Waldorf tries to encourage a genuine love of learning in each child and incorporates arts and activities to create students who are able to create meaning in their lives without external help.MontessoriThe Montessori method focuses on student-directed learning that aims to support a child’s natural way of learning. Montessori involves one-on-one attention and teacher observation and emphasizes all five senses rather than just the visual and auditory senses used in reading, listening, and watching.Multiple IntelligencesMultiple intelligences education is based on Dr. Howard Gardner’s eight areas of intelligence and learning styles: linguistic, logical-mathematical, spatial, bodily-kinesthetic, musical, interpersonal, intrapersonal, and naturalist. Each individual has strengths in one or more of these intelligences, and the multiple intelligences method involves discovering those strong areas and teaching through them (for example, a student strong in bodily-kinesthetic, or touch-related, knowledge will be most likely to learn by doing, whereas a linguistically-strong child will learn best through reading, writing, and playing with words).Classical EducationClassical education utilizes three age groups or learning periods, called the “grammar period” (which focuses on the building blocks of education, memorization, and and rules of basic math, phonetics, etc.), the “logic stage” (when cause-and-effect relationships are explored and the child is challenged to ask “Why,” engage in critical thinking, and synthesize ideas), and the “rhetoric stage” (when the student learns to use language to clearly and powerful explain his/her ideas, and begins to focus on areas of knowledge that draw his/her interest; this stage can sometimes involve internships, apprenticeships, college courses, and other forms of higher/specialized education).Thomas Jefferson EducationThomas Jefferson Education, also known as “Leadership Education,” also follows three periods: the “foundational phases” (which focus on core values and love of learning), “educational phases” (which teach study skills and discipline; at this stage students engage in a mentor-guided program such as an internship or setting and reaching a personal goal), and “applicational phases” that exist after formal schooling and last the rest of the student’s life (during which the student focuses on contribution to community, and acts as a mentor or community leader). Thomas Jefferson education focuses heavily on love of learning, commitment to values, and seven keys to great teaching.Accredited Curriculum/Long-Distance/Internet SchoolingThis type of homeschool, sometimes referred to as “public school at home” is highly structured and uses state-approved curricula that mirror the curricula being used in public schools. The parent acts as teacher and there is usually a satellite teacher or mentor that the student reports to. Examples include K12.com, LUOnlineAcademy.com, and various university-affiliated high school programs such as Penn Foster High School and BYU Independent Study.Delayed SchoolingThis type of schooling follows the belief that children are not ready for formal schooling until the ages of 7-9. This approach encourages play and natural curiosity in the early years and moves toward more formal learning as the child reaches age 7 (with flexibility depending on the child). This philosophy, though sometimes challenged, is becoming commonly accepted even in some mainstream schools, particularly in the U.K., and is fairly common among unschoolers.Principle ApproachThe Principle Approach to education, which is based on the writing of Rosalie J. Slater and Verna M. Hall, looks at all subjects and information through a Christian worldview. The Bible is used as a major textbook and the student creates notebooks that incorporate both school material and his/her thoughts and meditations. The Principle Approach uses “the 4 Rs,” Research (finding God’s word and identifying religious principles), Reasoning (discovering cause and effect relationships), Relate (applying information to the student), and Record (writing down or otherwise recording the student’s applications and impressions).Faith-BasedSimilar to the Principle Approach but more flexible and not specific to any belief system, faith-based homeschooling incorporates both secular and religious knowledge, and religious beliefs and the family’s values are worked freely into learning and discussions. Though this intermingling is a natural side effect of being homeschooled in a religious household, faith-based education more obviously connects academic knowledge to religion. Spiritual beliefs and experiences are considered as or more important to the child’s education as secular knowledge, and the parent actively seeks to incorporate religious beliefs into the student’s curriculum/educational experience.Learning CentersThough not often used full-time as a replacement for public or private school, many homeschoolers find it useful to supplement their curricula with courses and/or tutoring at learning centers such as Kumon, Sylvan, and Huntington. These centers can be especially useful as a student approaches college, as many of them offer ACT and SAT prep courses.As always, homeschooling is a deeply individual individual matter that should be altered to fit your family. As long as your homeschooling method works for you, keep it, love it, change it as needed, and enjoy the adventure.

Ten Online Resources For Writers and Other Lexophiles

Lexophilia is defined as “the love of words.” It’s a neologism, a newly invented word. It comes from two Greek words – lexis (meaning words) and philia (meaning fondness).Writers, readers, lexophiles and anyone doing research can find a wealth of free information on the internet.   Here are ten sites that will help you find just about anything you might need to look up.  1. Rhymezone.com is my dictionary of choice. It’s a quick and easy way to find words but it’s so much more. You can find synonyms, anonyms and homophones. Use it to write poetry. It will return words that rhyme with yours. Want to see your word used in a famous quote – no problem. It will return pictures, documents and multimedia related to your word. And you can customize it to select your most used functions by default.  2. Bartleby.com is one of the most comprehensive references on the web. Here you will find everything from encyclopedias to inaugural addresses of the presidents of the United States. Looking for quotations, Bartleby has more than 87,000 contemporary and classic quotes. The Elements of Style, The Columbia Gazetteer of North America, The Holy Bible, both Old and New Testaments, are only a small part of what’s offered.  3.  Urbandictionary.com is a slang dictionary with words related to urban cultures and street slang. Over 3,000,000 definitions have been submitted since 1999  4.  Acronymfinder.com is the world’s largest and most comprehensive dictionary of acronyms and abbreviations. They’ve been online for ten years and their unedited sister site acronymattic.com has another three million acronyms and abbreviations.  5.  itools.com gives quick access to some of the best internet tools. Search tools will help you find anything on the web. Look up or translate words with Language tools. Use the Research Tools to find information about any subject. There are Financial Tools that will convert currency and Map Tools for driving directions.   6. Gutenberg.org is the web site of Project Gutenberg, a library of electronically stored books that are available free. It was started in 1971 by Michael Hart and has been worked on by hundreds of volunteers. There are over 25,000 free books in the online catalog. There is also an offline catalog that can be downloaded.  7.  Refdesk.com is a portal to much of what the World Wide Web offers. It lists a vast assortment of informative and educational sites. Desktop resources include area codes, zip codes, calculators, Old Farmer’s Almanac, newspapers, lottery results, sports, tax prep guides and more.  8.  effingpot.com/index.shtml is an American’s Guide to speaking British. Seven sections – Slang, People, Motoring, Clothing, Around the House, Food and Drink and Odds and Sods – contain over one thousand words and expressions that differ between the US and the UK.  9. Cliffsnotes.com/WileyCDA/ offers free cliff notes on literature, writing, math, science, test prep and information on college grants and scholarships.  10. And for nonverbal gestures signs and body language I highly recommend ChangingMinds.org.