Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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Report: Consumers Stuck With Outdated Life Insurance Information

Report: Consumers Stuck With Outdated Life Insurance Information

Many are basing the purchase of life insurance on old assumptions. Some, as they age, feel it is a waste of money, thinking they have enough assets and they are healthy. But life happens all the time and unfortunately, we better be prepared for it. Inevitably, true stories bubble to the surface and there are many of them to share.

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Who Benefits the Most From Life Insurance?

Who Benefits the Most From Life Insurance?

The decision of whether or not to purchase a life insurance policy should be weighed as heavily as other long-term financial investments, because the decision will affect those you leave behind.

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What Kind of Insurance Do I Need If I’m Getting Married?

What Kind of Insurance Do I Need If I’m Getting Married?

Newlyweds traditionally receive advice from friends and relatives on the secrets for a successful marriage. Even though life insurance is an especially important consideration for newlyweds, any tips on protecting their financial future seem to go begging in these heartfelt conversations. The experts say that in general, individuals should purchase policies that amount to at least five times their current salary, but that figure should be balanced against a couples’ long-term goals. Newlyweds should meet…

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How Important Is Life Insurance to Good Financial Planning?

How Important Is Life Insurance to Good Financial Planning?

Life insurance is the cornerstone of sound financial planning. It provides financial security for your loved ones when you die, so picking the right life insurance company is an important decision, according to the Insurance Information Institute (I.I.I.). “The goal is to find a financially stable company with a solid reputation for customer service,” says Jeanne M. Salvatore, vice president for consumer affairs at I.I.I. “With nearly 1,500 insurers offering policies, life insurance is a…

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The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…

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What Kind of Life Insurance Do I Need If We’re Expecting a Baby?

What Kind of Life Insurance Do I Need If We’re Expecting a Baby?

Many couples are aware of the importance of making sure they have enough money socked away in savings and retirement accounts as part of their long-term financial plan. Throw a baby into the mix and things like life insurance quickly become a necessity for any family.

Clothes, furniture and diapers are all easy things for soon-to-be parents to put on their “must buy” list, but purchasing adequate life insurance and getting other legal documents in place are even more important.

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Study Finds That Improvement Needed In Financial Planning Age Groups

Study Finds That Improvement Needed In Financial Planning Age Groups

Northwestern Mutual completed a study that surveyed over 2,000 respondents on the state of financial planning in America – including behaviors toward money. The study found that while 70 percent of “Highly Disciplined” planners feel ‘very financially secure’ – vs. 51 percent of “Disciplined” planners – just 34 percent of Informal planners and 17 percent of non-planners feel the same about their security. Highly Disciplined planners who are retired are much more likely than non-planners to…

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Should I Change My Life Insurance Strategy After My Children Move Out?

Should I Change My Life Insurance Strategy After My Children Move Out?

Many couples may question whether they should change their life insurance coverage once their children have left home and become self-sufficient, but before making any decisions, policyholders should take a number of factors into consideration. Policyholders should compare the amount of debt they currently owe to the amount they carried when they initially took out the policy. If the ratio is the same, it may benefit them to maintain their current policy, the Osceola Sentinel-Tribune…

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