The most common reason for purchasing a life insurance policy is income replacement. For the rich, payment of estate taxes is another major purchase motivator. The basic life insurance policy provides coverage for death by any cause, at any time, in any place, except for suicide within the first two policy years (one year in some states). Life insurance is designed to protect named beneficiaries against the sudden loss of income being provided by the…Read More
When a woman becomes a mother everything in her life changes. Suddenly the world revolves around the welfare of her child. While mothers are nursing cuts and scrapes, whipping up an amazing home-cooked meal for their families or providing counsel to their daughter’s broken heart after a breakup, they could be prone to neglecting their own health and well-being. Here Are 12 Major Health Risks for Women 1. Heart Disease. Coronary artery disease or heart…Read More
Although life insurance deals with everyone’s final destination, there are cases where buying a policy has extended someone’s life by alerting them to an unknown medical problem.Read More
In the course of a year, people could get a job promotion, buy a new car or house or welcome a child. They could tie the knot or finalize a divorce, win the lottery or send a child off to college.Read More
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
On the last Monday in May of each year, Memorial Day honors American military personnel who gave their lives for their country, and because a member of the armed forces can be deployed at a moment’s notice, securing his or her family’s financial future can be an added challenge.Read More
A new LIMRA study says consumers expect transparency from a life insurance purchase, and they want that transparency to follow the same path as it would when they buy other retail or travel products. According to this latest study, consumers want simple-to-understand terms and a glossary of terms to help them make informed decisions. They’re also seeking clear and accurate ways to compare companies and products, and they want the ability to make a quick…Read More
If your grandfather was an alcoholic does that mean that you’re destined to be one as well? What about your mother and aunt who have both been diagnosed with breast cancer? Your genetics determine more than the color of your eyes and skin, they present a detailed map that illustrates familial traits, ticks, and in some cases, the odds of being stricken by a serious illness.Read More
Forbes offers the advice that you need life insurance. And when Forbes speaks, people listen, so listen up. Forbes says 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 forced to make the smart move. “Most people procrastinate until there is an important life event that pushes them to buy it,” says author Kristin O’Keeffe Merrick. She adds…Read More
Purchasing life insurance is an important piece of a person’s financial pie and needs to be carefully thought out, considering your family’s financial future could be hanging in the balance should you die.
Here are some common mistakes people make when buying life insurance coverage and how to avoid them.Read More