Posted on: Tuesday, May 15th, 2012 by jcliff

Becoming a parent for the first time is an exciting and usually overwhelming time.  There is so much to think about from the nursery, feeding, baby showers and parenting classes.  But one important aspect that is often overlooked during this busy time is changing life insurance needs.  Before having children many people do not carry life insurance, but bringing a new life into the world that you are completely responsible for may change your outlook.

Life insurance is an important financial tool to help your family in the event of your death.  This becomes even more …

Posted on: Monday, May 14th, 2012 by jcliff

American Family Life Insurance is a household name and they have a lot to offer their customers.  But you still have to ask yourself if it’s right for you and your family’s particular situation.  It’s important to gain a financial foothold in the event of your death and American Family can be a great option to help secure your future.

American Family offers three types of life insurance policies including term life insurance, whole life insurance and universal life insurance.  Their term policies are very common and offer temporary protection to help with large bills such …

Posted on: Friday, May 11th, 2012 by jcliff

Woman’s Life is a community of women focusing on life insurance products to best suit their needs.  The Woman’s Life National Cause helps women find the quality products they deserve and one such product is called Intuitions 20 Pay Whole Life.

The purpose of the Intuitions 20 Pay Whole Life program is to provide insurance protection with premiums that only last for twenty years.  By paying into this type of whole life insurance policy, it provides coverage that is paid up for life after 20 years of payments.  Even if health deteriorates and becomes a factor, …

Posted on: Thursday, May 10th, 2012 by jcliff

Until recently, there have been four main categories of life insurance available: term, whole, universal, and variable.  There are benefits and disadvantages to each, but by weighing them, along with personal situations and goals, a person can purchase a policy that suits their needs and provides financial protection for their loved ones.  But, like any other industry trying to make it in our current economy, product developments in life insurance are crucial, in order to keep up with the demands and desires of consumers.  Many people are interested in low-cost death benefits, flexibility with their …

Posted on: Wednesday, May 9th, 2012 by jcliff

If you are sending your child off to college this fall, you probably will not be making life insurance decisions with them.  Life insurance is not typically included in the slew of benefits universities offer their students.  So, do parents need to consider buying a life insurance policy for their college student?  That can only be answered by you and your family alongside your financial advisor, but recognize that many college students do have coverage.

According to the article “Life Insurance Not Common for College Students” by Jeff Sturgeon on Roanoke.com, less than half of people …

Posted on: Thursday, April 26th, 2012 by jcliff

Sales for life insurance policies are at a 50 year low, and results from a recent survey may explain why.  LIMRA, a worldwide agency dealing with research, consulting, and professional development in the insurance world, teamed up with the nonprofit LIFE Foundation, which strives to educate the masses about life and health insurance, to complete the latest study.  As part of the survey, participants were asked to estimate the annual cost of a 20-year, $250,000, term life insurance policy for a healthy 30-year old consumer.  Many Americans estimated the price tag to be around $400, …

Posted on: Sunday, April 15th, 2012 by jcliff

If you are a veteran and looking for quality life insurance, you may have come across some road blocks.  If you have a pre-existing condition or are over the age of 50, you could be facing higher life insurance rates, and some veterans can’t find a quality policy at all depending on their situation.  Luckily, the Department of Veterans Affairs may be able to help qualified individuals find veterans life insurance.

According to the Department of Veterans Affairs website, life insurance policies are available to US veterans and can offer additional help finding supplemental coverage.  Public …

Posted on: Thursday, April 12th, 2012 by jcliff

There are certain situations in which some find themselves asking, “Do I really need life insurance right now?” Whether you’ve reached an age when it doesn’t make sense to continue paying into your policy any longer, or if you’re having a hard time keeping up with the payments and could really use that extra cash monthly, considering closing out your current life insurance policy is an option that many ponder.  I recently read an article in The Ledger, (a newspaper out of Lakeland, Florida) that addressed this very issue.  Author Jim Miller tackled this …

Posted on: Tuesday, April 10th, 2012 by jcliff

Do you need life insurance if you are single?  This is a very common question among single individuals.  It feels unnecessary to some because no one is directly relying on their income for financial support, but there are some reasons why single people should at least consider a quality life insurance policy.

One of the most common reason single people benefit from life insurance is to have funeral costs covered in the event of their death.  Young people generally are not aware of how expensive a funeral can be, but it can be thousands …

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

As more and more insurers bow out of the long-term care industry and rumors of premium hikes come to fruition, many consumers are becoming skeptical of the products.  But the undeniable fact that most people need such coverage is keeping the ball rolling.  According to a Genworth survey completed last year, the average annual cost of a private nursing home room runs about $77,000.  And that rate increases approximately 5% a year.  Home health care can cost even more, leaving many Americans feeling vulnerable and wanting to secure funds for this stage of life.  Kiplinger …

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