No Medical Exam and Instant Decision Underwriting Available to Seniors
These policies give you a free look period for a full 30 days to examine and accept.
Read MoreIndustry News
This is a thorough collection of Life Insurance industry articles for your review.
Investments of the Secondary Marketplace in Life Settlements
While a growing number of Americans are purchasing life insurance policies, many more are selling such coverage through life settlements, according to the latest AmritaLife Settlement Index.
A life settlement is often a more profitable approach to cashing out on your coverage than selling it back to your original lender. Many investors in such policies are actually insurance agents and receive substantial financial benefits when the policyholder dies.
Read MoreHow to Prepare Financially for the Death of Your Spouse
A spouse’s premature death can have a long-term financial impact on you. Even five to seven years after a spouse’s death, more than one-third (36 percent) of individuals surveyed say they remain financially vulnerable.
Read MoreGuaranteed Universal Life Policies and Estate Planning
If you want to make ensure that your estate is to your heirs instead of to the IRS, consider purchasing a guaranteed universal life survivor (GULS) plan. GULS is a special type of insurance, sometimes called “second-to-die life insurance” designed to provide funds after the second insured dies.
Read MoreLife Insurance Awareness Month
This month celebrate the 11st anniversary of Life Insurance Awareness Month.
Read MoreWhat Taxes Apply to Life Insurance Premiums
The life insurance industry has developed in complexity and diversity over the years. When life insurance policies were originally created, they were insurance vehicles but over time, they’ve also become investment vehicles. Ultimately, all of this leads to a complex tax structure.
Read MoreDrivers of Life Insurance Purchase Behavior
“More than a third (35 percent) of households would feel the financial impact within one month, if the primary wage earner died,” reported LIMRA blog Key Findings for the 2018 Insurance Barometer Study published April 10, 2018 by Maggie Leyes regarding the findings from the LIFE Foundation (Life Happens) and LIMRA International Inc (LIMRA), two associations who work to further the advancement of insurance and financial servicing matters.
Read MoreWhat Is a Rated Life Insurance Premium?
During the underwriting process, an insurance company will determine whether or not you qualify for life insurance and, if so, at what rate classification. At this point, the company may determine that the applied for coverage cannot be issued due to an applicant’s health or lifestyle risks. If that’s the case, the company is likely to offer the applicant insurance on a modified (i.e., rated) basis.
Read MoreHow Should I Plan for Retirement?
In the 1960’s, Bob Dylan sang, “The times they are a changing.” For many of the Baby Boomers who heeded that call, the times have definitely changed, especially the state of the economy.
Read MoreHawaii bans indoor tanning beds for minors under 18
Hawaii joins nine other states that have passed legislation-prohibiting minors under the age of 18 to use indoor tanning beds, which is aimed to protect their health.
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