As a culture, Americans have been taught that there is one way to avoid the detrimental health effects of cigarette smoking: don’t smoke. However, a new study has found that more children are being exposed to tobacco smoke even if they aren’t lighting up themselves.Read More
It’s a sobering fact that many Americans do not have adequate life insurance. According to a September 1, 2010 State Farm report, 68 million people are not covered, though it’s possible the number is much greater.Read More
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 familyRead More
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.Read More
Have you really thought about who will take care of your children needs in the event that something happens to you? Its not just about life insurance but a thorough estate planning portfolio.Read More
As a result of surveyed single mothers, many felt that their children would not be taken care for any significant amount of time financially. Life insurance was out of the question.Read More
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.”Read More
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…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
And what about children who have special needs and are permanently disabled. This is a very individual decision depending on what the child needs but it can be a lifelong situation and important to talk with a financial planner that offer the best results.Read More