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: Sunday, November 20th, 2011 by jcliff

Aetna life insurance offers quality guidance for their customers.  An important topic that all policy holders should understand is the beneficiary.  Aetna needs to know who your beneficiary is so that can pay proceeds of a life insurance policy to the appropriate person if need be.  If you do not list a beneficiary of the designated beneficiary dies before you, they will pay your group life insurance payout to the beneficiary provision for the group policy.

When applicable, it’s a good idea to list multiple beneficiaries.  This way, if one is unavailable, there are other …

Posted on: Wednesday, September 14th, 2011 by jcliff

UPDATE 3/31/2012 – Not only can young adults benefit from carrying life insurance but so can teens and younger children.  GerberLife is an example of a company focusing on life insurance products for the youth.  They offer lifelong protection for children that can help build security as they enter young adulthood.  

Do young adults need term life insurance?  This is, of course, a question that is left up to the individual and will vary from person to person.  In general though, term life insurance for young adults can be a ticket to financial …

Posted on: Sunday, September 11th, 2011 by jcliff

UPDATE 4/14/2012 – While this blog entry does mention negotiating life insurance rates as a myth, there could be some opportunity to get lower rates from your insurer.  If you do your homework and learn there are more affordable options out there for your life insurance needs, letting your current provider know this could prove to be beneficial.  The life insurance industry can be competitive, and there is a chance your agent will have options available to offer you to try and keep your business.  It can’t hurt to try, and if there …

Posted on: Sunday, July 31st, 2011 by jcliff

Most big life insurance companies such as Hartford Life or Aetna Life Insurance offer a wide variety of life insurance products to best suit each stage in life.  This is good news for retirees who may not need or want the typical term life insurance policy that many adults carry.  This doesn’t necessarily mean you should go without any life insurance in retirement, but you do want to re-asses your situation and financial needs whenever you have any major life change, especially retirement.

It seems relatively obvious why you may need life insurance when you …

Posted on: Tuesday, May 24th, 2011 by admin

Apparently there is an old saying that life insurance isn’t for the dead, it’s for the living.  That’s what Aetna Life Insurance was taking into consideration when they developed their unique Essentials program.  Aetna Life Essentials is not just life insurance.  They offer death benefits and in addition to this they have multiple resources to use while you are living which makes a lot of sense since you are using your money to pay for these benefits now.

There are four main parts to the Essentials program which first involves help with financial planning.  They …

Posted on: Friday, April 15th, 2011 by admin

If you are one of the millions of Americans with a life insurance policy through your employer you may be wondering if this coverage is enough to keep your family safe?  What is life insurance and are supplements necessary?  Why would someone need them if they already have a policy?  These are some questions you should have the answers to before you start looking for additional life insurance.  Whether or not you need to supplement your existing life insurance policy is up to the individual but it’s important you understand your plan and your …