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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The Indianapolis 500 and Planning For the Unthinkable

The Indianapolis 500 and Planning For the Unthinkable

The 101st running of the Indianapolis 500 is set to kick off on May 28, and during the most storied race in motorsports, the cars and drivers cover 200 laps of the 2.5-mile track at blistering speeds in excess of 200 miles per hour. They rip along a course which remains very nearly the same as it was the year it was constructed back in 1909. At a capacity of 250,000 permanent seats, Indianapolis Motor…

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How Does an Irrevocable Life Insurance Trust Work?

How Does an Irrevocable Life Insurance Trust Work?

An irrevocable life insurance trust is when the trust is the owner of the insurance policy, which keeps the proceeds of the life insurance out of the taxable estate. Also, gifts can be made to fund the premiums, which will ultimately reduce the taxable estate. After your death, the trust’s assets – also known as the insurance proceeds – are available to your beneficiaries income-tax-free.

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How Does Depression Impact Your Life Insurance

How Does Depression Impact Your Life Insurance

Nearly ten percent of the adults in the U.S. have reported issues with depression, and the Centers for Disease Control and Prevention say nearly one-half of those diagnosed with depression have also been diagnosed with an anxiety disorder. Women are also more likely to suffer depression than men, but with the proper treatment and lacking other health complications, buying life insurance should be affordable. Keep in mind that a history of long-term hospitalizations or time…

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Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

SOC 2 is a certification established by the American Institute of Certified Public Accountants (AICPA) to evaluate companies regarding their Trust Services Principles and Criteria. The process involves testing companies for security, availability, processing integrity, confidentiality and the privacy of their data management systems. It’s become an industry standard for cloud-based technology companies and the certification is held by such tech heavy-hitters as Amazon Web Services and Google, and it validates the security of their…

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Your LifeQuotes.com Life Insurance Shopping List

Your LifeQuotes.com Life Insurance Shopping List

When you take on the task of shopping for term life insurance, it comes down to finding a company you can trust. What’s the correct amount of insurance coverage? What’s a reasonable price? Well, here are the smart questions you should ask – Your LifeQuotes.com life insurance shopping list. What do you need your policy to achieve for your and your family? Ask yourself what it is you want your life insurance to do. For…

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Do I Really Need Life Insurance? Yes. Yes They Do

Do I Really Need Life Insurance? Yes. Yes They Do

Deciding whether or not you need to insure your life is a simple matter. When you’re young and carefree, you may look at life insurance as yet another outlay of cash you can do without. It’s a particularly important decision if you have a family dependent on you for income and their financial future. Having life insurance isn’t just a matter of providing for your funeral expenses. It’s much, much more subtle than that. Life…

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Survivorship Life Insurance and Estate Taxes

Survivorship Life Insurance and Estate Taxes

For couples who wanted to help their children avoid federal estate taxes, 2010 was a good year to kick the bucket. But you don’t have to die to reap the benefits of survivorship life insurance. Survivorship life insurance is also called “second-to-die” life insurance, and it pays out benefits once a second spouse dies. The basic premise is that those proceeds can be used to provide for children who might inherit Mom and Dad’s business,…

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Why Don’t You Own Life Insurance

Why Don’t You Own Life Insurance

By: Todd Halterman You Don’t Own Life Insurance? Think Hard On That Choice If you’re one of the many who don’t own any life insurance policies, you have lots of company, so why don’t you own life insurance? A J.D. Power Household Insurance study says just over 44 percent of consumers actually do own an individual life insurance policy, and that means nearly sixty percent don’t. One sensible reason for purchasing a life insurance policy…

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An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An in-force illustration is the only way to gauge the potential future performance of a policy by using actual values and current assumptions (i.e., actual interest rate, current mortality and expense factors) to produce a current policy illustration. It allows you to compare past (actual) performance with anticipated performance.

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