They call it the “new annualized premium,” and according to the Life Insurance and Market Research Association, premiums climbed 5 percent in the last quarter of 2016. That increase resulted in a 3 percent increase for the whole of last year, and the data comes from LIMRA’s Fourth Quarter Retail Life Insurance Sales Survey. Ashley Durham, an associate research director at LIMRA Insurance Research, says the U.S. life insurance market has benefitted from steady growth…Read More
It’s no secret that many insurance fraud schemes involve murder, illicit activities, and mountains of debt. And of course, many involve idiots. Yes, people have been known to attempt the dumbest feats to get a quick payout, oftentimes getting caught in the process and facing probation, hefty fines, and time in the slammer.Read More
You’ve read the stories; some billionaire leaves an entire estate to their favorite dog, without leaving their kids a dime. While your first reaction might be, “oh, well, they are rich and eccentric,” what if you wanted to leave your favorite furry friend ALL of your worldly possessions? If a “regular” person had a decent-sized life insurance policy, could he or she leave it all Fido?Read More
When determine how much life insurance to purchase, you can use either the Human Life Value Approach or the Needs Approach to help make your decision.Read More
There are many benefits associated with getting a life insurance policy as a young adult.
One main benefit to purchasing life insurance at an early age is price. When a person is young and healthy they are likely to get a less-expensive quote on their life insurance policy.Read More