How Your Life Insurance Needs Vary Throughout Your Lifetime

How Your Life Insurance Needs Vary Throughout Your Lifetime

Married couples generally need more life insurance than single people, but it’s necessary for everyone to have at least enough life insurance to cover his or her final expenses. As you may expect, the amount of life insurance you’ll need will probably change throughout your lifetime. and your life stage will also determine how long your (recommended) term period should be, how much insurance you should purchase and the type of policy that best suits…

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Women Undervalue Their Impact On Family Fiscal Health

Women Undervalue Their Impact On Family Fiscal Health

Whether they work inside or outside the home, women contribute to their family’s economic well-being. Unfortunately, many of them undervalue their contributions and don’t consider what will happen to their survivors when they die. According to the Insurance Information Institute, 43 percent of adult women have no life insurance. Even those that are insured have insufficient coverage, carrying roughly one-fourth of the amount that would likely be needed by their life insurance policies’ beneficiaries.Women who are a family’s…

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How Long Will You Live?

How Long Will You Live?

The American Council of Life Insurers defines life insurance companies grouping individuals into pools in order to share the financial risks presented by dying prematurely, needling long term care or becoming disabled.

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What Is A Life Insurance Contestability Clause

What Is A Life Insurance Contestability Clause

Understanding Life Insurance Contestability The ‘contestability clause’ in a life insurance policy specifies a short window in which insurance companies can investigate – and deny –  potential claims. It could impact you, and at the very least, you should know the ins and outs of how it works. The contestability period runs for two years in most states and one year in others, and it begins as soon as a policy goes into effect. If the…

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New Rules Certain to Impact Your Financial Planning and Life Insurance Strategy

New Rules Certain to Impact Your Financial Planning and Life Insurance Strategy

Should you buy life insurance to bolster or provide for your retirement savings? Recent news from the Department of Labor about a fiduciary rule scheduled to take effect on June 9 will impact your financial planning, so the simple answer is likely “yes.” Labor Secretary Alexander Acosta says that, while the Trump administration used an executive order to delay the rule, it’s now back on the table and could be implemented. Acosta wrote an op-ed…

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How Are Taxes Impacted By An Insurance Company Monetary Settlement

How Are Taxes Impacted By An Insurance Company Monetary Settlement

There are certain tax consequences that come from getting a monetary settlement, which need to be addressed when preparing your annual income tax return. Policyholders eligible for compensation are usually given several options – depending on their life insurance company. The tax ramifications will also depend on the method you choose.

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What Can Trump Do To Medicaid Without Congressional Support

What Can Trump Do To Medicaid Without Congressional Support

After the Senate fell short in its effort to repeal the Affordable Care Act, the Trump administration is poised to use its regulatory powers to accomplish what lawmakers could not: shrink Medicaid. President Donald Trump’s top health officials could engineer lower enrollment in the state-federal health insurance program by approving applications from several GOP-controlled states eager to control fast-rising Medicaid budgets. Indiana, Arkansas, Kentucky, Arizona and Wisconsin are seeking the administration’s permission to require adult…

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What Is An Attending Physician Statement

What Is An Attending Physician Statement

When a medical exam and questions is part of the life insurance application this is a standard way to obtain information from a doctor or medical facility.

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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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