Tips for a Lower Whole Life Insurance Premium

Tips for a Lower Whole Life Insurance Premium

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.

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Report: Consumers Stuck With Outdated Life Insurance Information

Report: Consumers Stuck With Outdated Life Insurance Information

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.

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What Is a Life Insurance Clean-up Fund?

What Is a Life Insurance Clean-up Fund?

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.

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The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

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…

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Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

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.

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Why Do I Need Whole Life Insurance if I’m Younger than 40?

Why Do I Need Whole Life Insurance if I’m Younger than 40?

Whole life insurance is becoming a more popular investment with buyers under 40, according to a recent report from a major provider.

According to the company, consumers under 40 are turning to whole life policies rather than other investment vehicles. The poll showed 74 percent of respondents who bought this type of protection said they wanted financial security as quickly as possible. Another 76 percent said they had a desire to get rid of debt with haste.

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How Bank Investment Program Managers Sell Insurance

How Bank Investment Program Managers Sell Insurance

Banks that want to succeed in selling life insurance to customers may consider making sure they have a plan tied specifically to these products, according to a recent report from LIMRA.

According to the study, financial institutions that had specific life insurance goals for sales representatives outperformed their counterparts that did not. Scott Stathis, managing director of Kehrer-LIMRA, says setting goals for employees provides an “undeniable” return.

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