Clearly, many consumers understand the value of reviewing their needs and potential solutions with the personalized assistance of an agent or advisor.Read More
The members of Generation Y – also called Millennials – who were born from 1980-2000 offer a different perspective than most generations. But one key difference with Gen Y according to LIMRA, is that their parents are key buyers of term life insurance so as to cover college expenses.Read More
Keeping life insurers up-to-date about address or any personal information changes is one of the most powerful things a policyholder can do to decrease the chance of running into problems when making a claim, advised the New York State Insurance Department.Read More
This month celebrate the 11st anniversary of Life Insurance Awareness Month.Read More
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
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.Read More
Many are basing the purchase of life insurance on old assumptions. Some, as they age, feel it is a waste of money, thinking they have enough assets and they are healthy. But life happens all the time and unfortunately, we better be prepared for it. Inevitably, true stories bubble to the surface and there are many of them to share.Read More
Without life insurance or a substantial savings, a clean up fund is impossible to justify. And this is just one category of the life insurance economics.Read More
A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…Read More
As more families continue to struggle to pay bills, the number of those choosing to forgo individual life insurance has increased. The Trends in Life Insurance Ownership study by LIMRA reveals that less than half of American households have life insurance.
When paying bills is difficult, it may seem like paying for life insurance isn’t a necessity. However, those who are just getting by may be the ones that need life insurance the most. If something were to happen to the breadwinner in a family, many would not be able to make ends meet.Read More