Those heading back to the workforce from retirement may be able to invest their earnings in a life insurance policy.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
The words “life insurance” mean “death benefits” to most people – a useful tool only after a policyholder has died. Many don’t realize the important benefits a life insurance policy can provide while the policyholder is still alive. “Cash values available through permanent life insurance can provide funding to supplement retirement income,” said State Farm Insurance spokesperson, Angie Rinock. “Cash values through permanent life policies grow at interest rates that are generally guaranteed by the insurer.” A policyholder can also take out…Read More
If you or another income-earning family member died today, what would your family’s financial situation be like? It’s not a pleasant subject to consider, but the knowledge that there are funds to help cover your family’s daily needs and costs provide a small comfort. One way to ensure your family’s survivors have immediate cash after a death is thorough and proper planning, as well as life insurance, says Edward E. Graves, author of McGill’s Life…Read More
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
Due to industry trends and an aging population, the life insurance industry has changed its way of selling and marketing insurance to consumers whose needs have changed.Read More
The cash your family receives from a policy’s death benefit can provide the resources needed to lessen the financial weight that comes from death-related expenses.
The amount needed for these costs depends on your individual situation. Large hospital, medical, home care, or rehabilitative bills can drain a family’s resource before death even occurs. The cash from life insurance proceeds can help replace these losses so death-related expenses don’t plunge your family into a financial sinkhole, according to McGill’s Life Insurance author Edward E. Graves.Read More
Many workers planning for retirement are turning to annuities to ensure a steady flow of income to supplement savings and Social Security benefits. Individuals should examine the different types of annuities and payout options before making a decision.Read More
The LIFE foundation offers eights different scenarios where having a life insurance policy could be extremely beneficial, if the policyholder were to unexpectedly pass away.Read More