How Are Life Insurance Rates Affected by Lifestyle?

How Are Life Insurance Rates Affected by Lifestyle?

Participating in extreme sports or having a dangerous hobby may satisfy a thrill-seeker’s need for a good rush. But, it will dramatically decrease their chance of getting an affordable life insurance rate. It is expected that they will pay two to three times more in life insurance than someone who lives a less dangerous life.

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Don’t Let Your Unwanted Life Insurance Policy Lapse. Sell it!

Don’t Let Your Unwanted Life Insurance Policy Lapse. Sell it!

Rising healthcare costs may make it difficult for retired individuals to stay current on other payments.

Some turn to their mortgage loans or insurance premiums for relief, eliminating any investments they don’t deem necessary. Those considering this approach should reevaluate their options, according to a recent report by the Napa Valley Register.

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What Should I Consider When I Replace My Life Insurance Policies?

What Should I Consider When I Replace My Life Insurance Policies?

Consumers should consider several things before replacing their life insurance policies such as their current insurability. In fact, the Illinois Department of Insurance provides a detailed list of considerations to take into account.

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Who Benefits the Most From Life Insurance?

Who Benefits the Most From Life Insurance?

The decision of whether or not to purchase a life insurance policy should be weighed as heavily as other long-term financial investments, because the decision will affect those you leave behind.

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Should I Change My Life Insurance Strategy After My Children Move Out?

Should I Change My Life Insurance Strategy After My Children Move Out?

Many couples may question whether they should change their life insurance coverage once their children have left home and become self-sufficient, but before making any decisions, policyholders should take a number of factors into consideration. Policyholders should compare the amount of debt they currently owe to the amount they carried when they initially took out the policy. If the ratio is the same, it may benefit them to maintain their current policy, the Osceola Sentinel-Tribune…

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How Can I Cash In My Life Insurance Policy When I’m Older?

How Can I Cash In My Life Insurance Policy When I’m Older?

It’s called a “life settlement” and it’s one way seniors can cash in on their life insurance policies. Those who no longer want to pay premiums or have any need for the coverage are often able to demand higher prices when selling their life insurance to an investor rather than their insurance company. Policies sold by those approaching the end of their lives are particularly valuable, according to a recent report by NBC.

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Online Life Insurance Quote Searches Gaining Traction As Economy Faces Challenges

Online Life Insurance Quote Searches Gaining Traction As Economy Faces Challenges

Despite uncertainties in politics and the economy – and low interest rates – the U.S. life insurance industry continues to remain strong if faced with an uncertain future. A report from Moody’s, Life Insurance Industry – US: 2017 Outlook: Low Interest Rates, Business Shifts Changes Outlook to Negative, while it predicts some potentially tough times for insurers, it does include some good news for families looking towards life insurance to protect their loved ones. The report…

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Think You’re Too Young for Life Insurance? Think Again

Think You’re Too Young for Life Insurance? Think Again

There are many benefits associated with getting a life insurance policy as a young adult.

One main benefit to purchasing life insurance at an early age is price. When a person is young and healthy they are likely to get a less-expensive quote on their life insurance policy.

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How Does My Debt, Future Plans Affect My Life Insurance Needs?

How Does My Debt, Future Plans Affect My Life Insurance Needs?

Life insurance should only be purchased after consumers understand their financial situations and consider changes the future may hold.

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How Many Retirement Accounts Should I Have?

How Many Retirement Accounts Should I Have?

Financial planning requires more than just diligently putting money away in a savings account and living a frugal lifestyle. Those who are serious about their financial well-being would be wise to invest their money in various retirement accounts and life insurance. Having a range of investments can help ensure financial security.

Data from Fidelity Investments shows that while some people are being smart with their finances and putting money away in 401(k) accounts, others are actually borrowing against them.

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