There are just certain basics about life insurance that you should know but may be unsure of what to ask. It’s just a plain fact. Most of us don’t like to face up to the subject of our own deaths, but death is an integral part of a human life. In order to protect our families, we need to give at least some thought to the subject of where life insurance fits into our legacy….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
Generally, companies will start to waive the premiums for a policy when proof indicates that the insured’s disability has gone on for at least 6 months in a row.Read More
Roughly 56 percent of Americans say the economic downturn has made it more important to have life insurance, compared to just nine percent who believe the need has diminished, according to a survey released by the nonprofit Life and Health Insurance Foundation for Education (LIFE Foundation). In addition, over the past year more people appear to have added to their life insurance coverage than have lost or reduced their coverage.Read More
When it comes to life insurance, the need may be clear but the details can seem a little murky. What are the differences between types of coverage? How much do you need? When do you need it?Read More
Though consumers may enjoy a number of recreational activities during the winter, some are more dangerous than others, which could prompt people to make sure they have proper life insurance coverage.Read More
A survey by the LIFE Foundation shows that 93 percent of Americans think it’s important for most people to have life insurance, and yet nearly half of those surveyed said they don’t have enough coverage.Read More