Keeping life insurers up-to-date about address or any personal information changes is one of the most powerful things a policyholder can do to decrease the chance of running into problems when making a claim, advised the New York State Insurance Department.Read More
If upon death, you or another income-earning family member has earned a large amount of lifelong income, it’s another near certainty that any survivors will have to pay death-related taxes.Read More
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 More
If you were to ask a single person if they have purchased life insurance, don’t be surprised if they look at you blankly. It’s true that singles who are young and healthy rarely think about their own mortality yet alone life insurance, but here are some sobering facts…Read More
When it comes to planning one’s estate and final expenses, it’s crucial for people to leave behind clear instructions in their will, as well as complete and well-organized information about their assets, life insurance policies and other financial holdings.Read More
Should you loss your job or employer-provided health insurance, there are multiple options available to you and your beneficiaries.Read More
A history of heart disease won’t necessarily flatline your chances of obtaining life insurance at reasonable rates, insurance experts say, provided you have the condition under control and you’re following doctor’s orders.Read More
The standard rules of thumb for purchasing life insurance policies – which tend to be based on income levels – may not be sufficient guidance in every case, according to a report in the Chicago Tribune.
Author and expert Tim Maurer told the Tribune that consumers should consider total life insurance needs by combining four main categories: Final expenses, mortgages and other debts, income replacement, and educational funds. These will vary wildly depending on the number and age of a family’s children, amount of money owed on a mortgage, and overall income level.Read More
In addition to being a shortened Portuguese term for a venomous, hooded snake, COBRA is an acronym with which Americans are becoming increasingly familiar.
According to the U.S. Department of Labor, the Consolidated Omnibus Budget Reconciliation Act became enacted in 1986, and “gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events.”Read More
If you are researching life insurance options, here are some ideas to help maximize your life insurance dollars and getting the best policy for your money. These days life insurance is less expensive than most believe even favoring those with long term illness.Read More