The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…

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What’s The Best Way To Choose a Life Insurance Adviser?

What’s The Best Way To Choose a Life Insurance Adviser?

Any adviser selling life insurance and/or annuities must be licensed with their state’s Department of Insurance, which can vary greatly from state-to-state. Contact information for each state’s insurance department can be found here. With insurance departments, the resources and compliance can sometimes be more relaxed in some states than others. An insurance department’s website can be a valuable source of information. On most websites, you can research whether or not an insurance representative is licensed…

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Does Life Insurance Benefit Me While I’m Alive

Does Life Insurance Benefit Me While I’m Alive

The words “life insurance” mean “death benefits” to most people – a useful tool only after a policyholder has died. Many don’t realize the important benefits a life insurance policy can provide while the policyholder is still alive. “Cash values available through permanent life insurance can provide funding to supplement retirement income,” said State Farm Insurance spokesperson, Angie Rinock. “Cash values through permanent life policies grow at interest rates that are generally guaranteed by the insurer.” A policyholder can also take out…

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How a Life Insurance Policy Can Protect Your Assets

How a Life Insurance Policy Can Protect Your Assets

A Genworth survey indicates that Americans still don’t have as much life insurance as they should, but college-educated adults tend to be better protected. Genworth’s LifeJacket Study points out a significant gap between the amount of life insurance most Americans own and what they may actually need to fully protect assets. “Closing this coverage gap and bringing consumers to the table is one of our highest priorities,” said Janet Deskins, Genworth senior vice president for…

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What Is Premium Financing In the Life Insurance World?

What Is Premium Financing In the Life Insurance World?

Premium financing has been around for years in the life insurance industry and has been heavily promoted, especially among wealthier clients. This arrangement involves an outside – third party – lending sources like a bank or hedge fund paying the premiums on a life insurance contract. The unique characteristics of premium-financing arrangements are: · The loan is assumed to be renewed until death. · The insurance proceeds are relied upon to be sufficient to repay…

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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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How Safe Is Patient Data? Molina Healthcare Suffers Security Breach

How Safe Is Patient Data? Molina Healthcare Suffers Security Breach

Molina Healthcare, a major insurer in Medicaid and state exchanges across the country, has shut down its online patient portal as it investigates a potential data breach that may have exposed sensitive medical information. The company said Friday that it closed the online portal for medical claims and other customer information while it examined a “security vulnerability.” It’s not clear how many patient records might have been exposed and for how long. The company has…

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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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Does Domestic Violence Qualify as a Pre-Existing Condition?

Does Domestic Violence Qualify as a Pre-Existing Condition?

Insurance companies have a number of preexisting medical conditions that increase risk. Whereas most preexisting medical conditions are illnesses that directly impact the mortality of an individual, several politicians and advocacy groups question whether some insurers have taken these clauses too far. In the past, some insurance companies believed that a victim of domestic violence brought the same health risks to the table as those with pre-existing medical conditions such as diabetes and heart disease….

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