Insurance for Workers Overseas in High-risk Professions

Insurance for Workers Overseas in High-risk Professions

Whether you’re headed to Haiti as a volunteer helping to restore the earthquake-ravaged country, or to Iraq as an employee rebuilding its infrastructure, or even off the shores of Somalia as ship crewmember and scuba diving adventurist, you or your boss will most likely be looking at higher premiums — if you can get life insurance at all.

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What Should I Consider When I Replace My Life Insurance Policies?

What Should I Consider When I Replace My Life Insurance Policies?

Consumers should consider several things before replacing their life insurance policies such as their current insurability. In fact, the Illinois Department of Insurance provides a detailed list of considerations to take into account.

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How to Interpret Life Insurance Table Ratings

How to Interpret Life Insurance Table Ratings

Everyone who applies for life insurance is assessed for coverage. Insurance companies provide coverage and premium rates in accordance with an applicant’s risk level. This means that insurance companies will typically place applicants in categories relative to their risk, which involves their health and lifestyle choices. For example, smoking is considered a health risk and will have an impact on which category an applicant will be assigned. Sometimes a person, due to health issues or…

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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 Incontestability Clause of Your Life Insurance Policy

The Incontestability Clause of Your Life Insurance Policy

Regardless of the life insurance policy you decide to purchase, every policy will contain a safeguard called the “incontestable clause” geared towards financially protecting the insurance company. The National Association of Insurance Commissioners Standard Policy Provisions Model Act and the laws based upon it requires that every single policy contains an incontestable clause, which is a provision that makes the life insurance policy incontestable by the insurer after it has been in force for a…

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How Autism Spectrum Disorders Affect Life Insurance

How Autism Spectrum Disorders Affect Life Insurance

Every day, millions of Americans living with autism and their families face difficult challenges that many of us will never fully understand. Even when applying for life insurance later in life, the severity of autism spectrum disorders can affect acceptance and premiums. The Centers for Disease Control and Prevention recently reported that 1 in 68 children in the United States has been identified with ASD. It is clear that autism affects the lives of millions…

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Are Companies Reaching Gen Y When It Comes to Life Insurance

Are Companies Reaching Gen Y When It Comes to Life Insurance

A new report from Prudential Individual Life Insurance asserts that insurance companies have not yet done an effective job of selling their products to Generation Y, but adds that the task may be easier than many think.

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Does Life Insurance Benefit Me While I’m Alive

Does Life Insurance Benefit Me While I’m Alive

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…

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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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Top Answers to Questions About Whole Life Insurance

Top Answers to Questions About Whole Life Insurance

To completely grasp the benefits of whole life insurance, you’ll need to understand the underlying details involve,d and to help you fully understand those issues, we’ve put together a list of answers to the top questions about whole life insurance. According to a study commissioned by the National Association of Insurance Commissioners, less than half of American consumers feel confident about making insurance decisions, and only 2 out of 5 U.S. consumers feel confident about answering…

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