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
Consumers may benefit from term life insurance conversion
Most Americans understand the functions of a term life insurance policy, but many may not know how it can save them money when they convert their policy to a plan that provides coverage for a longer period of time.Read More
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.Read More
Once upon a time, the majority of middle-income Americans who reached retirement age looked forward to maintaining their lifestyles with a combination of Social Security, company pensions, and their own hard-earned savings. Above all, most of those retirees were concerned about leaving an inheritance to the next generation.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