Term-life doesn’t offer the investment features of other types of life insurance, but under a return-of-premium (ROP) policy you’re able to invest in something unique.Read More
For some, planning an insurance policy can be a lot like shopping for groceries on a budget. You’ve got enough to purchase the essentials, but you have to think carefully when it comes to buying any additional non-essentials.Read More
We’ve all had times in our lives when we didn’t feel at the top of our game. Maybe it was due to a job loss or the death of a family member; there are numerous reasons for feeling down.
However, according to the National Institutes of Mental Health, for 26.2 percent of Americans age 18 and older this feeling of hopelessness is due to a diagnosable mental disorder. That is approximately 14.8 million adults suffering from a major depressive disorder and about 40 million adults suffering from anxiety.Read More
You’ve read the stories; some billionaire leaves an entire estate to their favorite dog, without leaving their kids a dime. While your first reaction might be, “oh, well, they are rich and eccentric,” what if you wanted to leave your favorite furry friend ALL of your worldly possessions? If a “regular” person had a decent-sized life insurance policy, could he or she leave it all Fido?Read More
In addition to the value of term life’s renewability provision, these types of policies may also contain the option for you to exchange your term life policy for a permanent plan.
Not only do you get more permanent protection but you can also do it without any evidence of insurability, explains Edward Graves, author of “McGill’s Life Insurance.”Read More
Middle-aged people don’t necessarily want to think about who is going to take care of them when they can no longer take care of themselves. However, insurance experts advise that age 50 is the best time to start thinking about weighing your options when it comes to long-term care.Read More
Upon first inspection, reentry term life insurance may seem like an attractive option for certain groups of people.
In a nutshell, reentry term life provides two different premium schedules and charges a lower premium based on mortality rates. For a younger person in excellent health, reentry term can provide an affordable option for life insurance.Read More
It’s a sobering fact that many Americans do not have adequate life insurance. According to a September 1, 2010 State Farm report, 68 million people are not covered, though it’s possible the number is much greater.Read More
As an employee, you might feel that employer-provided group life insurance covers all your family’s death benefit needs. It’s tempting to rely solely on group coverage because you may feel there’s no need to spend the money on extra coverage.
This type of thinking can be dangerous beyond the old phrase of “it’s never a good idea to put all your eggs in one basket.”Read More