Why Is It Important to Keep Life Insurance Policies up-to-Date?

Why Is It Important to Keep Life Insurance Policies up-to-Date?

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.

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How Should I Plan for Retirement?

How 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.

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Do I Need Life Insurance If I’m Single With No Children?

Do I Need Life Insurance If I’m Single With No Children?

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…

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What Are the Best Practices for Organizing Your Financial Holdings

What Are the Best Practices for Organizing Your Financial Holdings

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.

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Health Insurance Coverage Options After a Job Loss

Health Insurance Coverage Options After a Job Loss

Should you loss your job or employer-provided health insurance, there are multiple options available to you and your beneficiaries.

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How to Obtain Life Insurance When You Have Heart Disease

How to Obtain Life Insurance When You Have Heart Disease

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.

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How to Determine How Much Life Insurance You Need

How to Determine How Much Life Insurance You Need

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.

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What Does My COBRA Policy Cover?

What Does My COBRA Policy Cover?

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.”

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Eight Cost-Cutting Life Insurance Factors

Eight Cost-Cutting Life Insurance Factors

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.

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