Posted on: Monday, March 12th, 2012 by jcliff

No one likes to think about divorce as they are shopping for life insurance with their spouse, but unfortunately it is responsible to consider all possibilities when choosing a policy and a beneficiary.  The WomensDivorce.com website offers some basic information to consider when you are facing a divorce.  You not only need to consider existing life insurance, but many divorce provisions will include a stipulation that the supporting spouse should carry a life insurance policy to guarantee the children will be provided for in the case of a supporting parent passing away.

You may be asking …

Posted on: Friday, March 9th, 2012 by jcliff

The economic situation in our country is one of the most talked about during this election year.  Presidential candidates are trying to convince the voters that they have a plan to rebound the crisis and lower the national unemployment rate, which hit 8.3% in recent months.  In the meantime, many are struggling to pay bills, keep a roof over the heads of their family, or even put food on the table, leaving them feeling trapped and out of options.  However, according the Fox Business article, “Out of Work? Consider Tapping Your Life Insurance Policy for …

Posted on: Tuesday, March 6th, 2012 by jcliff

Earlier today, John Hancock’s Life Insurance Underwriting department announced enhancements to their HealthStyles program for their customers.  This plan has been very successful as they aim to benefit applicants with favorable health and lifestyle factors.  This crediting program allows for more affordable life insurance rates for people following healthier lifestyles.  The enhancements will further improve this program and make it more appealing to a wider group of people.

After years of research by John Hancock Life Insurance, the HealthStyles program allows underwriters to offer discounts to more clients under a broader range of lifestyle behaviors.  The …

Posted on: Monday, February 27th, 2012 by jcliff

Many people today have never heard of longevity insurance, but it is something everyone should understand.  This is a relatively new insurance product and not all annuity suppliers understand how it works.  It’s basically an annuity where you make a lump sum payment and your money is held for a particular period of time.  If you are still living at the end of this pre-determined time, you receive annuity payments for the rest of your life.  It can be seen as risky if you pass away before the end of the period and receive no …

Posted on: Wednesday, February 22nd, 2012 by jcliff

Recently, the country’s largest provider of employee insurance benefits, UNUM, announced that they will no longer offer group long-term care insurance to new customers.  Clearly, there is a great need for these services, which prompted MedAmerica Insurance Company along with LTC Financial Partners, LLC (LTCFP) to announce their broad suite of LTC products, which will be available to employees at reduced underwriting and multi-life discounts.  According to the article, “MedAmerica and LTC Financial Partners Announce a Broad Suite of Long-Term Care Insurance Products for the Workplace,” found on marketwatch.com, the LTC insurance industry is going …

Posted on: Monday, February 20th, 2012 by jcliff

Life insurance is an important part of your financial plan at every point in life, but the type of policy you carry should be adjusted to match the stage in life you are in at any given time.  Many factors need to be considered when deciding what attributes your life insurance will possess.  Are you single or married?  Do you have children?  Do you have a mortgage?  Do you have any savings?  It’s important to be aware that your life situation will change and your life insurance policy may need to change as well.

Your life …

Posted on: Thursday, February 16th, 2012 by jcliff

“Life is short” is a saying many refer to when trying to make a big decision.  Should I buy this new fancy car? Why not, life is short! I’m not sure I can afford to take the European vacation I’ve been dreaming about.  Is it worth it? Sure, life is short after all! However, people don’t usually apply this cliché to another, very important decision.  Should I buy life insurance? And the answer is absolutely, because life is truly too short to gamble with the protection of your loved ones.  A recent survey conducted by …

Posted on: Monday, February 13th, 2012 by jcliff

As Valentine’s Day approaches it’s time to reflect on the truly important gifts we can give our families.  When it comes to showing how much you care about your loved ones, it can be best expressed through protection.  All expressions of love are important, but life insurance is a gift that can be given to your family to show love and offer a serious safety net to keep your family financially sound.  People purchase life insurance because they love their family, and they want to make sure they will be okay if something tragic were …

Posted on: Thursday, January 5th, 2012 by jcliff

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 …

Posted on: Wednesday, December 28th, 2011 by jcliff

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, …

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