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 …

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 …

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 …

Around the age of 50, many people start to see their term life insurance policy come to an end.  This is a great time to sit time and take a serious look at what kind of policy you should get in this new stage of your life.  Do you renew your term life insurance policy, start a permanent policy such as whole life insurance, or do you skip life insurance altogether and focus of saving?

The answer to these questions will depend greatly on your unique circumstance and what you desire for your financial future. …

I came across an interesting article about how families often get in the midst of a feud after a loved one has passed away.  The scenario involves one family member holding a life insurance policy’s crucial information hostage as a way to get part of the proceeds.  This would generally happen when someone is offended that no money was left to them.  It may seem far fetched, but according to Lynette Khalfani-Cox’s article on Fox Business, this “happens all the time”.

Michael Hartmann is the founder and CEO of FindYourPolicy.com, and he says this situation is …

Metropolitan Life Insurance is one of many insurers offering a flexible option for life insurance.  For MetLife specifically, the name of their unique plan is called Variable Universal Life Insurance.  According to their website, this is a form of permanent life insurance that offers flexible terms and more investment opportunities.

MetLife’s Equity Advantage Variable Universal Life insurance policy offers their customers the chance to capitalize on everything one can gain in life insurance.  The terms are flexible and can change within limits to meet individuals’ needs.  The death benefit, timing and the amount of premiums …

More financial advisers are steering their clients towards life insurance as a saving mechanism since government bonds are offering low rates.  Unlike term life insurance, permanent life insurance does not lapse, and it offers a unique way to save for retirement while still have a death benefit.  According to the article “In a Volatile Market, Some Turn to Insurance Instead of Bonds” by Paul Sullivan on NYTimes.com, the rate of return on permanent life insurance is 3-5% but in addition to this, the money passes onto beneficiaries free of income tax and owners can actually …

The standard term life insurance quote may be perfect for many people, but it may not be just right for some professionals and business owners.  According to the article on Fox Business by Timothy R. Fussell, indexed universal life insurance policies could be the perfect option for today’s professionals and business owners to fulfill their retirement needs.

Fussell sites the indexed universal life insurance policy perfect for professions such as doctors, attorneys or CPAs.  As a professional, they often operate as a P.A. and are taxed as a sole proprietor, an S corporation or a …