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: 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: Sunday, November 27th, 2011 by jcliff

UPDATE 2/22/2012 – The current economic state is affecting seniors’ need for life insurance.  More seniors have massive amounts of credit card debt and not enough savings for their funeral.  If you are a senior or are close to one, take a closer look at your actual need for life insurance during this challenging economic time.

Many may question the need for senior citizens to obtain a life insurance policy.  With their children grown and expenses paid for, would these monthly premiums be a waste of money?  Unfortunately, this is not the case for …

Posted on: Monday, September 5th, 2011 by jcliff

The Gerber Life Insurance Company knows how important it is that consumers are fully educated on the benefits of life insurance and understand exactly how insurance in general works.  The National Association of Insurance Commissioners looks to help consumers through preparation and they offer a Guide to Understanding Insurance which is specifically tailored to help Americans find the best insurance product for them and their families.

On the Gerber Life Insurance website, there is a breakdown of some simple steps to follow to understand insurance.  The first recommendation is to determine how much life …

Posted on: Monday, July 11th, 2011 by jcliff

Life insurance should be a priority for anyone looking for financial security for their family if they happen to pass away.  No one knows this better than Marcia Brixley, who shares some simple tips for anyone considering purchasing life insurance in her article “How to Choose the Right Life Insurance Policy” on the Forbes website.

Brixley breaks down her advice into the top ten tips for new buyers of life insurance.  These tips are:

Shop around for multiple quotes for term and whole life insurance
Avoid insurers that do not fully disclose the terms of a policy …

Posted on: Saturday, July 2nd, 2011 by jcliff

Many Americans think of life insurance as an option for the breadwinner in the family.  It makes sense to get life insurance for every member of the family.  We are always putting our family first, and insuring each family member ensures everyone is protected in case of a tragedy.

Life insurance is just as important for a spouse who stays home.  A death benefit for this type of individual can go towards childcare, housekeeping, taking time off of work and funeral expenses.  This makes sense because spouse’s really work together to make the family unit work …

Posted on: Sunday, June 26th, 2011 by jcliff

Whether you’re in the market for Ohio life insurance or California life insurance, Americans across the nation continuously question the need to carry life insurance policies.  Research shows that less and less people are choosing to carry a policy for themselves and loved ones.  According to the American Council of Life Insurers, the United States had 197 million life insurance policies in place which accounted for one policy per person, since many people carried more than one policy.  Now in 2011, …

Posted on: Friday, May 6th, 2011 by admin

A very interesting article on the Guardian Life Insurance Company website “Your Human Life Value May Be More Than You Think”, gives some valuable, and surprising information on Human Life Value.  Many Americans have no idea what this means, but it’s important to know.  Human Life Value can be defined as the present value of future income that you plan to earn for your family including other value you plan on contributing, minus taxes and consumption.  This is measured through your expected retirement date.

The article goes over in detail how to calculate your estimated …

Posted on: Wednesday, April 27th, 2011 by admin

Metropolitan Life Insurance offers great information on various major life events, not only to help with the transition, but to provide a checklist which often involves reevaluating life insurance needs.  Getting married is a major life event that many individuals will encounter at some point in their lifetime.  Carrying on a wedding can be one of the best days of your life, but planning and collaboration are important to ensure a smooth transition and proper preparation.

Sticking to a budget is one of the more challenging aspects of combining two households.  First and foremost each …

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 …