Why Is It Important to Buy Disability Insurance?

Why Is It Important to Buy Disability Insurance?

Many unexpected life events can render consumers incapable of earning the income needed in order to provide for their family.

Purchasing life insurance coverage can protect against the financial consequences of a death, while disability insurance may help your income endure short- or long-term injuries. A recent report by research organization LIMRA indicated that many consumers are not taking precautions against the latter.

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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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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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