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 …

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 …

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 …

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, …

American Family Life Insurance is sponsoring an exciting and inspirational contest through the Jingle Dreams contest.  By sharing a big dream for 2012 on the Jingle Dreams website, you could win a weekend of inspiration and fun in Indianapolis including tickets to the Biggest Game on Earth, the Super Bowl Gospel Celebration and more.

It’s simple to enter this contest.  You just have to dream big and tell American Family Insurance your dream in a special way whether it’s through video, song, dance or acting.  You can upload the video on their website to share …

Hartford Life released an interesting study on their blog website.  New research reveals that retirement may be even better than expected for some seniors according to Beth Tracton-Bishop.  Hartford conducted the study with MIT AgeLab and they found that many retirees would have liked to retire sooner than they did.  The good news is that 77% of the respondents claimed they are happier now than they were before they retired.  This is exciting for everyone who plans on retiring someday in the future.  Gives us something to look forward to.

The Age of Opportunity study …

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 …

You may be familiar with A.M. Best, which is the leading provider in ratings, news, data and financial information for consumers.  Were you aware they are one of the leading raters in the life insurance industry?  This is useful to know as you begin shopping around for life insurance quotes, whether it be for term life insurance or whole life products.

The A.M. Best website provides A.M. Best generated information on life insurance directly.  The economic up and down cycles drive the level of life insurance activity, revenue and income causing some volatility.  Common …