Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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Five Basic Types of Life Insurance Policies

Five Basic Types of Life Insurance Policies

When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…

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Would You Like the Best Price On Life Insurance From 50 Companies Instantly?

Would You Like the Best Price On Life Insurance From 50 Companies Instantly?

The most common reason for purchasing a life insurance policy is income replacement. For the rich, payment of estate taxes is another major purchase motivator. The basic life insurance policy provides coverage for death by any cause, at any time, in any place, except for suicide within the first two policy years (one year in some states). Life insurance is designed to protect named beneficiaries against the sudden loss of income being provided by the…

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Study Finds That Improvement Needed In Financial Planning Age Groups

Study Finds That Improvement Needed In Financial Planning Age Groups

Northwestern Mutual completed a study that surveyed over 2,000 respondents on the state of financial planning in America – including behaviors toward money. The study found that while 70 percent of “Highly Disciplined” planners feel ‘very financially secure’ – vs. 51 percent of “Disciplined” planners – just 34 percent of Informal planners and 17 percent of non-planners feel the same about their security. Highly Disciplined planners who are retired are much more likely than non-planners to…

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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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