Is Life Insurance Worth It?

Is Life Insurance Worth It?

Protecting what matters most was the focus of a recent survey done by financial services firm Edward Jones and nonprofit consumer-education organization Life Happens in December 2018. Not surprisingly, the survey found that 81 percent of Americans believe their family is their most valuable asset, but less than half (41 percent) are protecting their family with an individual life insurance policy. One third of the over 2,000 Americans surveyed (32 percent) indicated that life insurance is either a low priority or no priority item when starting a family

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Could Childhood Obesity Lead to an Early Death?

Could Childhood Obesity Lead to an Early Death?

Obesity is a condition that can seriously shorten one’s life span while also resulting in higher life insurance premiums – especially if it contributes to certain pre-existing conditions such as heart disease or diabetes.

However, a recent study suggests that the dangers of obesity can start to manifest themselves long before adulthood, which is one more reason why parents need to do what they can to promote a healthy diet and ensure their children get plenty of exercise.

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Special Insurance Considerations for Dependents

Special Insurance Considerations for Dependents

Children and spouses are just one group of dependents that may require cash proceeds from a life insurance policy. Age and direct ties to your family are a couple things to think about if the worst should happen to you.

Distant relatives, ex-in-laws, foster children, and child support for any illegitimate children may also require additional streams of cash, notes Edward Graves, author of “McGill’s Life Insurance.”

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How Autism Spectrum Disorders Affect Life Insurance

How Autism Spectrum Disorders Affect Life Insurance

Every day, millions of Americans living with autism and their families face difficult challenges that many of us will never fully understand. Even when applying for life insurance later in life, the severity of autism spectrum disorders can affect acceptance and premiums. The Centers for Disease Control and Prevention recently reported that 1 in 68 children in the United States has been identified with ASD. It is clear that autism affects the lives of millions…

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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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