How Are Life Insurance Rates Affected by Lifestyle?

How Are Life Insurance Rates Affected by Lifestyle?

Participating in extreme sports or having a dangerous hobby may satisfy a thrill-seeker’s need for a good rush. But, it will dramatically decrease their chance of getting an affordable life insurance rate. It is expected that they will pay two to three times more in life insurance than someone who lives a less dangerous life.

Read More

Differences Between Individual and Group Life Insurance

Differences Between Individual and Group Life Insurance

Something can be said for following the crowd, at least when it comes to group life insurance. But if you’re young and healthy, you may find that the cost of an individual life insurance plan can be far less than a group plan.

Read More

How Long Will You Live?

How Long Will You Live?

The American Council of Life Insurers defines life insurance companies grouping individuals into pools in order to share the financial risks presented by dying prematurely, needling long term care or becoming disabled.

Read More

What Happens If I Don’t Pay My Life Insurance Premium?

What Happens If I Don’t Pay My Life Insurance Premium?

Economic difficulties can mean that people have a harder time keeping up with their life insurance premium – especially when factoring in other crucial financial needs like paying the mortgage and staying on top of monthly credit card bills. An “insurance premium” is a sum of money an individual or business pays for an insurance policy. The insurance premium, considered income by the insurance company once it’s earned, represents a liability in that an insurer is…

Read More

How Should I Track My Life Insurance Policy?

How Should I Track My Life Insurance Policy?

For people who have chosen to invest in life insurance as a way to guarantee their family’s long-term financial stability, there are some important steps to follow that go behind remembering to keep up with monthly premiums.

Read More

Could My Genetic Makeup Prevent Me from Buying Life Insurance?

Could My Genetic Makeup Prevent Me from Buying Life Insurance?

If your grandfather was an alcoholic does that mean that you’re destined to be one as well? What about your mother and aunt who have both been diagnosed with breast cancer? Your genetics determine more than the color of your eyes and skin, they present a detailed map that illustrates familial traits, ticks, and in some cases, the odds of being stricken by a serious illness.

Read More

Green Burial Less Expensive, More Environment-Friendly

Green Burial Less Expensive, More Environment-Friendly

Death is going green. A growing number of people are eschewing traditional end of life rituals for simpler, more environmentally friendly, and in many cases, less expensive green burials. Some casket manufacturers and funeral directors are responding to the trend.

Read More

What Kind of Life Insurance Do I Need If I Have a Family?

What Kind of Life Insurance Do I Need If I Have a Family?

People who are interested in protecting their family with a life insurance policy have a variety of things to remember when exploring their coverage options. For example, it’s crucial to determine whether a whole or term life insurance policy is in a family’s better interests.

Read More

You Need Specialty Life Insurance to Cover Yourself if You Work a Risky Job

You Need Specialty Life Insurance to Cover Yourself if You Work a Risky Job

If danger is part of your job, then you might want to buy insurance to decrease how risky your life is. We’re not talking about signing up for a basic insurance policy work provides, then skipping along to your hazardous occupation. We’re talking about contacting a high-risk specialist, and buying some individual life insurance and disability insurance to protect your family if you die before winning employee of the month.

Read More

How the Life Insurance Industry Impacts the Economy

How the Life Insurance Industry Impacts the Economy

The life insurance industry provides financial assistance to families experiencing major life events. In 2010, the industry paid $365 billion to policyholders covered by life insurance and annuity policies.

Read More
1 2