Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

As more families continue to struggle to pay bills, the number of those choosing to forgo individual life insurance has increased. The Trends in Life Insurance Ownership study by LIMRA reveals that less than half of American households have life insurance.

When paying bills is difficult, it may seem like paying for life insurance isn’t a necessity. However, those who are just getting by may be the ones that need life insurance the most. If something were to happen to the breadwinner in a family, many would not be able to make ends meet.

Read More

Am I Too Old To Purchase Life Insurance?

Am I Too Old To Purchase Life Insurance?

When it comes to age and life insurance premiums, the relationship is directly proportional: The older you are, the more expensive your policy will likely be. But just because your premium increases with age doesn’t mean the likelihood that you’ll be denied coverage increases as well. As with most insurance policies, rates depend on individual factors like health, family history, policy type, your age and occupation. Ultimately, a person’s health – not their age –…

Read More

The Indianapolis 500 and Planning For the Unthinkable

The Indianapolis 500 and Planning For the Unthinkable

The 101st running of the Indianapolis 500 is set to kick off on May 28, and during the most storied race in motorsports, the cars and drivers cover 200 laps of the 2.5-mile track at blistering speeds in excess of 200 miles per hour. They rip along a course which remains very nearly the same as it was the year it was constructed back in 1909. At a capacity of 250,000 permanent seats, Indianapolis Motor…

Read More

Forbes Says You Need Life Insurance, so Listen up and Find It Here at the Best Price

Forbes Says You Need Life Insurance, so Listen up and Find It Here at the Best Price

What’s not to like about buying life insurance? Okay, so the list is long. It’s  not fun. The process is packed with details and hurdles to overcome. The payoff for your good works happens when you’re dead. So…ouch. But when Forbes speaks, people listen, so listen up. They say buying life insurance “is an essential part of life and a crucial element of sound financial planning.” Forbes says the key is to move before you’re…

Read More

How Does an Irrevocable Life Insurance Trust Work?

How Does an Irrevocable Life Insurance Trust Work?

An irrevocable life insurance trust is when the trust is the owner of the insurance policy, which keeps the proceeds of the life insurance out of the taxable estate. Also, gifts can be made to fund the premiums, which will ultimately reduce the taxable estate. After your death, the trust’s assets – also known as the insurance proceeds – are available to your beneficiaries income-tax-free.

Read More

Can Taking a Selfie Get You A Realistic Life Insurance Quote?

Can Taking a Selfie Get You A Realistic Life Insurance Quote?

Insurtech. It’s taking an ancient industry down some brand-new pathways and into uncharted territory.  Now a small number of life insurance companies are testing “facial analytics” and “facial recognition” aimed at estimating your life expectancy and the current state your health. Here’s the idea: A potential customer looking for life insurance coverage takes a selfie, uploads it an insurance company, and then facial analysis software compares thousands of sectors on your face to arrive at…

Read More

Finding Unclaimed Cash – Apps to Recover Life Insurance Benefits

Finding Unclaimed Cash – Apps to Recover Life Insurance Benefits

The Georgia Insurance Commissioner says there are millions of dollars in unclaimed insurance benefits waiting to be claimed, and now their office has an app to help find the beneficiaries. The new Lost Life Insurance Policy service will help Georgians search to find out if they’re owed unclaimed benefits. This sort of app is also available nationally as the NAIC has recently launched their new Life Insurance Policy Locator as part of the total effort by state insurance…

Read More

How Does Depression Impact Your Life Insurance

How Does Depression Impact Your Life Insurance

Nearly ten percent of the adults in the U.S. have reported issues with depression, and the Centers for Disease Control and Prevention say nearly one-half of those diagnosed with depression have also been diagnosed with an anxiety disorder. Women are also more likely to suffer depression than men, but with the proper treatment and lacking other health complications, buying life insurance should be affordable. Keep in mind that a history of long-term hospitalizations or time…

Read More

Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

SOC 2 is a certification established by the American Institute of Certified Public Accountants (AICPA) to evaluate companies regarding their Trust Services Principles and Criteria. The process involves testing companies for security, availability, processing integrity, confidentiality and the privacy of their data management systems. It’s become an industry standard for cloud-based technology companies and the certification is held by such tech heavy-hitters as Amazon Web Services and Google, and it validates the security of their…

Read More
1 2 3 4 5 7