Posts Tagged ‘Life Insurance’
Posted by Dakota Levey Oct 10, 2011 No Comments »
Life insurance is an important part of financial planning. However, many adults have a hard time finding affordable rates. Many times this is due to age or health. Sometimes it can also be because of the individuals occupation. Sometimes a fatal disease puts an individual at high risk. Whatever the case, several individuals find they are unable to purchase life insurance through traditional means. These articles give ideas and strategies to help these people purchase life insurance at affordable rates. If you fall into one of these groups or know someone that falls into one of these groups, read these articles.
- Why Seniors Choose Whole Life Insurance Instead Of Term Learn why seniors choose whole life insurance plans instead of term policies.
Posted by Dakota Levey Sep 23, 2011 No Comments »
Most life insurance policyholders have spoken to their beneficiaries about their policy, but are lax in updating policy information, according to a new survey.
A total of 84% of policyholders said they have spoken about the policies in place, while 54% of respondents said they talked about face value, 47% said they spoke of who the beneficiaries are and 20% explained who the life insurance agent is, according to the Nationwide Financial Services survey, released in conjunction with Life Insurance Awareness Month.
About 91% of policy owners say their beneficiaries are aware of being designated on the policy, according to the poll of 805 life insurance policyholders was conducted by Harris Interactive.
About 20% of policy owners have not provided their insurer with up-to-date contact information for their beneficiaries.
Posted by Admin Sep 14, 2011 No Comments »
Every person will meet his maker one day. Having a life insurance enables the person to provide a designated beneficiary with a sum of money upon his/her death. People of all ages require life insurance as it will cover the expenses of death. Life insurance is a must for elderly people as the probability of their imminent death is relatively high. Elderly life insurance has many benefits that keep the elderly comfortable.
There are plenty of life insurance policies for the elderly to choose from. Choices can be made based on the various benefits offered by the various policies. Read more…
Posted by Admin Jul 29, 2011 No Comments »
Life insurance policies protect you, and the death benefits replace your life value if you die. However, these assets can be affected by legal methods. Whole life insurance policies can’t be touched by creditors if you end up getting sued. You can also use whole life insurance as collateral. This is better collateral than many standard options out there as it appreciates value through the years. You can even borrow from the policy.
Limited-payment Life Insurance
Limited payment life insurance works such that one pays premiums for a fixed number of years and enjoys the policy’s benefits for the rest of their life after that. T Read more…
Posted by Dakota Levey Feb 28, 2011 No Comments »
If you are approached by a life insurance agent and asked to consider canceling your current life insurance policy in order to purchase a replacement policy there are a few things you should know first. Learn how to understand the changes that may affect your life insurance policy and the warning signs to watch for.