There are simple and easy ways to cut down one’s premiums cost for a whole life insurance policy that can benefit both the policyholder and their beneficiaries.Read More
By Emily Miller Father’s Day is a celebration honoring fathers and father figures alike who have had a positive influence in our lives. It’s a day that should be spent not just showering our dads with gifts, but thanking them for all of their hard work and dedication. We should all spend less time worrying about the gift and more time with him. In the long run, it is not about the gifts you give…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
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…Read More
An organization that provides information about the insurance industry is offering consumers tips on things they should consider when planning for their future life insurance needs.Read More
Consumers approaching retirement may be faced with various investment decisions.
Purchasing a life insurance policy is one option for those hoping to ensure their survivors’ financial security. Traditional and Roth IRAs may also be beneficial. However, rolling funds from a 401(k) to this kind of investment may be difficult for some, according to a recent report by the Wall Street Journal, with many employers hoping to hold onto their workers’ savings.Read More
Whole life insurance is becoming a more popular investment with buyers under 40, according to a recent report from a major provider.
According to the company, consumers under 40 are turning to whole life policies rather than other investment vehicles. The poll showed 74 percent of respondents who bought this type of protection said they wanted financial security as quickly as possible. Another 76 percent said they had a desire to get rid of debt with haste.Read More
Throughout our lives, we are faced with numerous life-changing decisions that call us to question our current life insurance situation.Read More
A report released by New York Life reveals that women struggle more financially than men when losing a spouse.Read More
A recent study from LIMRA finds that only 17 percent of American workers currently contribute to a traditional individual retirement account (IRA).Read More