Why Should I Consider a Life Insurance Policy Replacement?

Why Should I Consider a Life Insurance Policy Replacement?

A life insurance policy is a financial asset, which needs to be reviewed on a regular basis to ensure you are getting the value you expect, in exchange for the premium dollars you pay to the life insurance company. Your policy could be affected by a change in personal preference, the issuing company’s financial condition or increased competition in the insurance industry. In some instances, replacing your pre-existing policy with another one may be more beneficial for you, but it is a very big decision to make.

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What Should I Know About My Insurance Adviser?

What Should I Know About My Insurance Adviser?

Information about an insurance adviser can be found at the state’s Department of Insurance in which they are licensed to sell and service insurance. Additional information can be found at the National Association of Insurance Commissioners (NAIC) and the Financial Industry Regulatory Authority (FINRA), if applicable. All the information found of these three sources can give you a better understanding of your adviser’s professional background.

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What Is a Risk Based Capital System?

What Is a Risk Based Capital System?

Risk Based Capital (RBC) is a risk assessment tool to help determine the status of an insurance company, which is used by insurance commissioners. RBC was designed to identify inadequately capitalized life and health insurance companies and provide guidelines for regulatory intervention before a company becomes insolvent.

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Principle-Based Reserving Impacts Insurance Policy

Principle-Based Reserving Impacts Insurance Policy

A task force created by the National Association of Insurance Commissioners appointed a new subgroup to study the impact principles-based reserving would have on the life insurance industry.

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What Happens To Unclaimed Life Insurance Money?

What Happens To Unclaimed Life Insurance Money?

Legislation would require life insurance companies to really research their records to distribute the money to the rightful beneficiary.

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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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You’re On the Clock – You Changed Your Mind About Your Insurance Policy

You’re On the Clock – You Changed Your Mind About Your Insurance Policy

After purchasing a life insurance policy, there is a “free-look” period that allows consumers to cancel their policies and get a full refund without a penalty.

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What Kind of Auto Insurance Do I Need?

What Kind of Auto Insurance Do I Need?

Purchasing car insurance can be tricky, especially when it comes to understanding what a policy covers and the amount of coverage needed to best fit your needs. If you neglect to buy it, your finances could be jeopardized – especially if you’re involved in a costly car accident. Plus, in most states, it is illegal to drive without it.

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Top Ten Qualities of a Good Life Insurance Agent

Top Ten Qualities of a Good Life Insurance Agent

Don’t shoot for a hamburger style approach unless you like fast food but it is not the best for long term health.

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