It is commonly understood that purchasing a life insurance policy is a good decision, especially when supporting a family.  It can provide a certain peace of mind, that should something happen to you, your loved ones will not experience financial hardship.  There are several different options to choose from and the cost of a life insurance policy can vary, but in general, a policy quote is figured with age, gender, and overall health in mind.  It is understandable why a life insurance company may hesitate when writing a policy for someone who is in poor …

Bankruptcy is being considered by millions of Americans during these tough economic times, and many are wondering what will happen to their life insurance proceeds if they choose to file.  Depending on your circumstances, your life insurance proceeds could be safe from bankruptcy laws, but there are exceptions that do apply and you should definitely talk to a professional about how your unique scenario will impact your life insurance policy.

You will first need to determine what type of bankruptcy you will be filing.  There are three main types that the general public tend to turn …

I came across a unique life insurance program that is specifically tailored for children and young adults.  It’s called Globe Life Insurance and it seems to have a lot of great benefits.  It begs the question if you really need a life insurance policy for your child, but this will be an individual decision you make with your family and financial advisor.

Basically, Globe Insurance is a whole life insurance policy that provides up to $30,000 in life insurance coverage for younger people.  It’s a pretty easy way to establish their financial foundation while they …

There are several challenges facing the life insurance industry in 2012, but executives also see opportunities they plan on taking advantage of according to the press release found on MarketWatch.com.  LOMA completed interviews of top executives in the life insurance industry about their predictions on sales, distribution, technology advances, regulation, and social media for the year 2012 and their outlook was generally positive.

The interviews were collected and for LOMA’s annual industry forecast which is published in their monthly publication, Resource Magazine which does happen to be award-winning.  These interviews offer insight into what challenges the …

Most people will experience financial hardship at some point in their life and when you start to feel the crunch you may start reviewing your monthly bills and begin a cutting back process.  While this is wise in many cases, there are circumstances where you may want to keep paying some bills just to keep your financial strength in tact.

Since each individual has their own unique situation, it’s important to ensure you are consulting with a professional before making any big decisions about your bills.  You may want to think twice about cutting back on …

Once you have chosen a life insurance policy, you must make the important decision of naming beneficiaries.  The most common beneficiary named, on average, is a spouse.  If there is no spouse, or you already have them named on another policy you may consider adding your child as a beneficiary.  But is this even an option?  In general, it is an option but it will vary depending on the insurer.

For Aetna Life Insurance specifically, they do allow children to be named as beneficiaries but there are some cases where the life insurance proceeds will …

According to the website, OhioMeansInsuranceJobs.com, Ohio is a leading insurance location with companies throughout the state supplying all forms of insurance, including Ohio life insurance.  With approximately 256 insurers located in Ohio, the state ranks 7th in the nation in insurance industry employment.  The insurance industry is one of Ohio’s main employers, supplying jobs to over 100,000 people with an average salary of $50,000 plus, and wages totaling over $5.9 billion.  Ohio has around 86,000 licensed resident insurance agents and about 164,000 non-resident agents based on statistics from the Ohio Department of Insurance.

The …

The Wall Street Journal came out with some interesting information earlier this week in their article “Are You Owed Life Insurance” by Leslie Scism.  State regulators estimate that about 1 billion dollars are sitting on the books of life insurance companies.  They believe some money has been sitting there for decades.  This poses an important question; who does this money belong to?

State regulators, treasurers, comptrollers and attorneys are working together to probe into the books of life insurance companies and determine exactly what is being done with this money.  They want to make sure …

We’re in the midst of the 2012 holiday season and New Years is just around the corner.  With New Years Day comes New Year’s resolutions and there is no better time of the year to reevaluate your life and make adjustments to better your lifestyle.  Whether you want to improve your health, diet, or financial situation, a resolution can give you the structure you need to succeed.

Financially speaking, there are many aspects of one’s portfolio that could be improved.  Life insurance is a major component of one’s financial situation and it should be evaluated regularly, …

Minnesota Life Insurance, a Securian company, has a unique method of helping their customers prepare for retirement.  They offer a “retirement GPS” program on their website which guides customers through the entire retirement process.  This is in huge demand as many people feel unprepared for retirement or are in retirement and feel like they are drowning.  By taking the right precautionary steps, anyone can be on the road to a smooth and successful retirement.

Retirement GPS is an educational program from Securian Financial Group that offers a wide array of resources and retirement support.  They …