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, May 3rd, 2012 by jcliff

Sales of life insurance policies are at an all time low, and recent research indicates that cost is a major factor keeping consumers away.  Many insurers are attempting to reverse this trend by developing affordable yet effective products so that more Americans have access to this crucial coverage.  Colonial Life and Accident Insurance Company is doing their part as they recently launched their new group term life policy, available to many individuals via their workplace.  A recent Market Watch press release, “Colonial Life Launches New Group Term Life Product,” detailed the new product.

The company is …

Posted on: Monday, April 30th, 2012 by jcliff

According to the LIMRA press release from April 24th, approximately 75% of all Americans have confidence in life insurance companies.  The new study from LIMRA points out that this number jumps to 90% when looking at Americans who own individual life insurance.

LIMRA found that consumers who have directly or indirectly seen life insurance make a difference in someone’s life, were much more likely to feel confident in life insurance companies when compared to consumers who had no experience in the matter.  Robert Kerzner, president and CEO of LIMRA, says this study further confirms that life …

Posted on: Friday, April 27th, 2012 by jcliff

A recent press release from BusinessWire announces that A.M. Best Co. has given The Northwestern Mutual Life Insurance Company and its subsidiary, Northwestern Long Term Care Insurance Company (NLTC) a financial strength rating of A++ and an insurer credit rating of “aaa”.  This is considered a superior rating for the insurer.

In addition to this rating, A.M. Best also affirmed the debt rating of “aa” on the outstanding $1.75 billion 6.063% surplus notes due 2040 of Northwestern Mutual.  All of the ratings are stable and the outlook is good.  These ratings are reflective of Northwestern Mutual’s …

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: Wednesday, April 25th, 2012 by jcliff

We wrote a previous blog entry about the troublesome amount of life insurance proceeds that go unclaimed each year, and most of this is on the shoulders of the insurance companies.  The consumer does have some power over this though.  We all know it’s important to advise your beneficiaries of what you have set up with their name as a funds recipient, but that doesn’t always happen.  If you are like some of the thousands of Americans who think they are owed some life insurance, but are not sure how to go about checking, there …

Posted on: Friday, April 20th, 2012 by jcliff

MetLife is most well known for their quality life insurance which offers a wide array of options for a variety of customer demographics.  But the company has a lot more to offer and some of their products may surprise you.

MetLife has a solid dental insurance plan, Metlife Dental, which provides a detailed website going over dental options and benefits.  You can even view and manage benefits online as well as locate participating dentists and download dental claims.  They offer advice on oral health, choosing a dentist and dental insurance products.

There is also an …

Posted on: Thursday, April 19th, 2012 by jcliff

Every six years, LIMRA, a research group focused on the insurance industry, conducts and releases a survey regarding insurance trends in America.  The most recent report detailed several disturbing trends in the life insurance arena, including the fact that life insurance ownership is at a 50 year low, with about a third of U.S. households going without this safety net.  Industry leaders found this to be surprising as prices for policies are cheaper than ever before.  In the Chicago Tribune article, “An inexpensive life insurance policy can avert financial disaster,” by Gregory Karp, LIMRA CEO, …

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