How You Can Use a Life Insurance Policy for Charitable Donations

How You Can Use a Life Insurance Policy for Charitable Donations

You already know that having the proper life insurance policy also means having long-term financial protection, but what you might not know is that those policy proceeds can be used for charitable donations as well. In a guest column in the Lafayette Advertiser, life insurance professional Georgianna Latino notes that policyholders can name selected charities as beneficiaries of their policies – and benefit from tax deductions as well. Latino details how your life insurance policy can…

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If I’m Single and Working, Should I Purchase Life Insurance?

If I’m Single and Working, Should I Purchase Life Insurance?

Those who may be the least inclined to have a life insurance could be in the position to benefit the most from the financial security a policy can offer.

A new report “Basic Economic Security Tables for the United States” on family economic security released by the non-profit organization Wider Opportunities for Women (WOW) details the challenges that many Americans face in covering their basic expenses and what type of income it would take to save for their futures.

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How life insurance prepares policyholders for the unexpected

How life insurance prepares policyholders for the unexpected

Some recent medical trends offer additional insight into why even younger and healthier people should consider investing in life insurance policies to secure long-term financial stability for their families.

For example, the group Extending the Cure, which works to help improve the effectiveness of antibiotics, recently highlighted a study which found that 48,000 people in 2006 died due to sepsis and pneumonia generated by hospital-acquired infections. This resulted in about $8.1 billion in added health costs for the year.

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