Drivers of Life Insurance Purchase Behavior

Drivers of Life Insurance Purchase Behavior

“More than a third (35 percent) of households would feel the financial impact within one month, if the primary wage earner died,” reported LIMRA blog Key Findings for the 2018 Insurance Barometer Study published April 10, 2018 by Maggie Leyes regarding the findings from the LIFE Foundation (Life Happens) and LIMRA International Inc (LIMRA), two associations who work to further the advancement of insurance and financial servicing matters.

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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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Women Undervalue Their Impact On Family Fiscal Health

Women Undervalue Their Impact On Family Fiscal Health

Whether they work inside or outside the home, women contribute to their family’s economic well-being. Unfortunately, many of them undervalue their contributions and don’t consider what will happen to their survivors when they die. According to the Insurance Information Institute, 43 percent of adult women have no life insurance. Even those that are insured have insufficient coverage, carrying roughly one-fourth of the amount that would likely be needed by their life insurance policies’ beneficiaries.Women who are a family’s…

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What Kind of Life Insurance Do I Need If I Have a Family?

What Kind of Life Insurance Do I Need If I Have a Family?

People who are interested in protecting their family with a life insurance policy have a variety of things to remember when exploring their coverage options. For example, it’s crucial to determine whether a whole or term life insurance policy is in a family’s better interests.

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Why Should I Get Whole Life Insurance?

Why Should I Get Whole Life Insurance?

It seems to be a common theme of ordinary whole life coverage that each benefit helps supply another one.

The entirety of a contract provides lifelong protection. Due to the length of time you are covered, the regular premium payments can be spread out so that you can pay them at a lower cost. These level premium payments then allow for the policy to accumulate a reserve of cash that can be used at a later time to take out a loan on a house or pay for college tuition.

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Risk-Taking Will Affect Life Insurance Rates

Risk-Taking Will Affect Life Insurance Rates

Applicants who are older, have health problems, smoke, or have a hazardous hobby or job will probably pay more.

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Mothers Day gift of life insurance: Tony’s story

Mothers Day gift of life insurance: Tony’s story

Not only that, he still felt responsible to take care of the extras for his adult daughter who sometimes needed a lift chair to get up and down the stairs, constantly adding the medical adjustments to his home as necessary. But his house was old, dated and needed so much repair.

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Insurance for Women Over 50

Insurance for Women Over 50

Middle-aged people don’t necessarily want to think about who is going to take care of them when they can no longer take care of themselves. However, insurance experts advise that age 50 is the best time to start thinking about weighing your options when it comes to long-term care.

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Is life insurance cheaper before I get married?

Is life insurance cheaper before I get married?

Many younger adults may question whether life insurance is a necessity at their age, especially if they are paying down student loans and trying to build savings for their financial future. What many may not realize is that life insurance is an important component of their future and that of their families.

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