How Personal Bankruptcy Can Affect Life Insurance Policies

How Personal Bankruptcy Can Affect Life Insurance Policies

Filing for bankruptcy is usually person’s worst nightmare, but when it comes to protecting your assets (including the value of your), information is key.

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Are There Consequences to Canceling a Life Insurance Policy?

Are There Consequences to Canceling a Life Insurance Policy?

In a down economy where jobs are scarce and pennies are being pinched, some people favor canceling their life insurance policy in order to put that money towards immediate expenses.

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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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Protecting Yourself Against Life Insurance Policy Fraud

Protecting Yourself Against Life Insurance Policy Fraud

The idea of a life insurance policy is to provide for the policyholder’s family should he or she die suddenly, leaving them without an income. However, some unscrupulous characters frequently attempt to game the system to take advantage of the impending death of a stranger, as an example recently published by Bankrate.com demonstrates.

An anonymous consumer, whose brother recently died, wrote to Bankrate expert Don Taylor, saying that a life insurance policy was taken out on him just one month before his death. Because of this, she writes, Social Security has refused to pay off the brother’s medical bills, and his widow and child are in a difficult financial spot.

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Life Insurance Policies for People with Heart Disease

Life Insurance Policies for People with Heart Disease

Women account for just over half of the total heart disease deaths and steps to helping improve your life now will curtail heart disease in the future. The following offers key factors that affect the condition of your heart.

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How can term life insurance be used for personal finances?

How can term life insurance be used for personal finances?

When planning for retirement, life insurance is a useful tool, but not as a means of saving, according to Walter Updegrave of Money Magazine. Instead, life insurance policies should be used to provide for spouses and dependent children in the event of a tragedy.

Updegrave recommends term life insurance, which carries an annual premium that must be paid to the insurance company, in exchange for their guarantee that a death benefit will be paid to a policyholder’s surviving loved ones.

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How do I pick coverage before selecting an insurance policy?

How do I pick coverage before selecting an insurance policy?

People who are in the market for life insurance often find themselves wondering what level of financial protection they should secure for their families. However, even those who have existing policies may find that their life insurance needs change over time

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How missing sleep can increase life insurance rates

How missing sleep can increase life insurance rates

If you have a sleep disorder, the best way to get insurance at an affordable rate is to get treated.

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