Top Tips For Buying Life Insurance

Top Tips For Buying Life Insurance

Buying life insurance may be something you view as complicated or a hassle. Yet, follow these top tips for buying life insurance and you will find it a much easier experience. There are two major types of life insurance policies: Term and Whole Life. Term insurance is a form of life insurance that pays out only if the death occurs during the “term” of the policy, which is usually anywhere from one to 30 years….

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Are You Ever Too Old to Buy Life Insurance?

Are You Ever Too Old to Buy Life Insurance?

Are you ever too old to buy life insurance? The older you are, the more expensive coverage will likely be. But that doesn’t mean you are uninsurable. 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…

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Is Estate Planning in for a Shakeup Under the Trump Administration?

Is Estate Planning in for a Shakeup Under the Trump Administration?

The Trump presidency has said they would phase out the tax exemption on life insurance interest for high-income earners. This would throw a major wrench into the gears of many existing estate plans. Some insiders say they’re convinced that Donald Trump’s presidency might provide a healthy spur for the global insurance industry, and shares in several of the segment’s largest firms have shown signs of outperforming the market on the heels of the US election….

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Unclaimed Property—The Battle Heats Up as Three Insurers File a Lawsuit against an Auditing Firm and a State

Unclaimed Property—The Battle Heats Up as Three Insurers File a Lawsuit against an Auditing Firm and a State

Verus Financial LLC (Waterbury, CT) audits insurance companies on behalf of state treasurers about unclaimed property held by the companies. Michael Frerichs is the Illinois State Treasurer. United Insurance Company of America (Chicago, IL), Reserve National Insurance Company (Oklahoma City, OK), and Reliable Life Insurance Company (St. Louis, MO) are among several companies in the Kemper group and are referred to here as “Kemper.”On October 26, 2015, Kemper filed a lawsuit in an Illinois state…

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Banks Can Sell Life Insurance to Their Clients

Banks Can Sell Life Insurance to Their Clients

Banks that want to succeed in selling life insurance to customers may consider making sure they have a plan tied specifically to these products, according to a recent report from LIMRA.

According to the study, financial institutions that had specific life insurance goals for sales representatives outperformed their counterparts that did not. Scott Stathis, managing director of Kehrer-LIMRA, says setting goals for employees provides an “undeniable” return.

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