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: 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: 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: Saturday, March 31st, 2012 by jcliff

LifeGoesStrong.com is an NBC affiliated site designed for “mid-lifers,” or those in the 45-65 age group, focused on providing information related to technology, home, work, family, and such, as it relates to its readers.  Recently, they published an interesting article, “Term Life Insurance: Right for You?” that addresses a common question amongst this demographic; do I need life insurance and what type should I purchase? The author received expert advice on this topic from the CEO of Goldman Group, Marvin Goldman, of Little Falls, New Jersey.  Goldman has been a financial advisor for over …

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

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 …

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

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 …

Posted on: Saturday, December 3rd, 2011 by jcliff

The standard term life insurance quote may be perfect for many people, but it may not be just right for some professionals and business owners.  According to the article on Fox Business by Timothy R. Fussell, indexed universal life insurance policies could be the perfect option for today’s professionals and business owners to fulfill their retirement needs.

Fussell sites the indexed universal life insurance policy perfect for professions such as doctors, attorneys or CPAs.  As a professional, they often operate as a P.A. and are taxed as a sole proprietor, an S corporation or a …

Posted on: Wednesday, November 16th, 2011 by jcliff

UPDATE 2/29/2012 – Based on a Yahoo.com article, a smoker is generally someone who has had nicotine products in the last three years, or even someone who has an occasional celebratory cigar.  Be careful when you are answering this question on your life insurance application because if they suspect any fraud, the insurer may cancel your policy altogether.  Check with the insurance company on their specific definitions if you are unsure how to answer.

November 17th is the Great American Smokeout, where people come to together to urge smokers to quit their habit because of …

Posted on: Saturday, November 12th, 2011 by jcliff

Choosing a life insurance policy can be stressful, especially if you think you are locked in to a certain policy forever.  The good news is that you can convert your term life to a permanent life policy giving you more flexibility.  If you try to get a State Farm life insurance quote, you may stumble across their life insurance informational page which shares some benefits of switching your policy if you wish to do so.

State Farm mentions four major benefits to converting to a permanent life insurance policy.  One thing is that a permanent …

Posted on: Wednesday, November 9th, 2011 by jcliff

With women living longer then men, they are often left as widows after their husbands pass away.  This time is devastating and extremely stressful.  Not only are widows dealing with the emotional side of the loss, they are often times hit with huge financial burdens they are not prepared for.  Ron Lieber wrote “For the Recently Widowed, Some Big Financial Pitfalls to Avoid” on The New York Times website sharing some money pitfalls every widow should avoid.

With traditional gender roles, men are often times handling much of the financials leaving widows at an even bigger …

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