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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Does Life Insurance Cover Death By Radiation Poisoning?

Does Life Insurance Cover Death By Radiation Poisoning?

Radiation leaks from Japan’s earthquake-damaged Fukushima nuclear power plant – and traces of radiation from that leak – traveled across the Pacific Ocean to California’s coast and the event has some Americans wondering if their life insurance policy covers death by radiation. The answer is yes, according to insurance experts. “As long as the radiation-caused death wasn’t a suicide, and even if it was, if the suicide occurred after the policy’s one-year or two-year suicide-exclusion…

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Life Insurance Needs By Age Group – The Infographic

Life Insurance Needs By Age Group – The Infographic

Insurance professional Aimee O’Brien advises consumers of the many different types of life insurance products that can fit a variety of budgets, including products for younger people who are considering a term life policy. O’Brien says unmarried people may want to consider a policy that provides investment income in the longer term. She adds that a life insurance policy could spare someone’s relatives from having to pay their funeral costs upon death. She suggests that…

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What Do I Need to Consider for Life Insurance Planning

What Do I Need to Consider for Life Insurance Planning

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.

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Why Your Credit Score Is Important to Your Life – And Your Insurance Premiums

Why Your Credit Score Is Important to Your Life – And Your Insurance Premiums

A good credit score can help you land that dream job, secure a low interest rate for a car loan or mortgage and even help you qualify for a low life insurance premium.

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Top Tips in 2017 For Buying Life Insurance

Top Tips in 2017 For Buying Life Insurance

Life insurance provides essential financial protection but industry observers estimate that approximately 49 percent of adult Americans surveyed have no life insurance, and many of those who do purchase far less than experts recommend, according to the Insurance Information Institute (I.I.I.). “If someone relies on you financially, you need life insurance,” said Jeanne M. Salvatore, senior vice president and national consumer spokesperson for the I.I.I. “The premiums are very reasonable when you consider the level of protection you receive.” There…

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How to Compare the Best Life Insurance Policies for 2017

How to Compare the Best Life Insurance Policies for 2017

Once you realize you’re behind the eight-ball – and behind the game – when it comes to life insurance coverage, it’s time to play catch up. The reality often sets in right around the moment your first child comes home.  You’re suddenly struck with the realization that there are people I love who depend on my income. That’s some heavy business to consider, and to get it right, life insurance should be an essential part…

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How Does My Debt, Future Plans Affect My Life Insurance Needs?

How Does My Debt, Future Plans Affect My Life Insurance Needs?

Life insurance should only be purchased after consumers understand their financial situations and consider changes the future may hold.

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Are Term Life Conversions An Option If I’m Healthy?

Are Term Life Conversions An Option If I’m Healthy?

Consumers may benefit from term life insurance conversion

Most Americans understand the functions of a term life insurance policy, but many may not know how it can save them money when they convert their policy to a plan that provides coverage for a longer period of time.

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How Can Annuities Protect Against Longevity Risk?

How Can Annuities Protect Against Longevity Risk?

Purchasing an annuity is one way to protect against longevity risk in your retirement.

This risk occurs when individuals approach the end of their savings long before the end of their life. Annuities and other risk-pooling options may help them accumulate nearly 50 percent more than they would on their own, according to the American Academy of Actuaries.

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