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: 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: Wednesday, February 29th, 2012 by jcliff

A.M. Best Co. recently came out with a report which reviews the life/annuity industry challenges in 2011.  It also previews what’s to come in 2012 for the industry.  Their press release found on Finance.Yahoo.com talks about how the year’s results  were marked by strong regulatory capital, good operating earnings, and constant efforts to improve their numbers.  Life insurance companies felt additional pressure due to low interest rates, which should remain low for the next few years.

Even though there is a slow rate of growth, A.M. Best expects favorable earnings trends for the coming year.  They …

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

I came across a unique life insurance program that is specifically tailored for children and young adults.  It’s called Globe Life Insurance and it seems to have a lot of great benefits.  It begs the question if you really need a life insurance policy for your child, but this will be an individual decision you make with your family and financial advisor.

Basically, Globe Insurance is a whole life insurance policy that provides up to $30,000 in life insurance coverage for younger people.  It’s a pretty easy way to establish their financial foundation while they …

Posted on: Sunday, January 8th, 2012 by jcliff

Most people will experience financial hardship at some point in their life and when you start to feel the crunch you may start reviewing your monthly bills and begin a cutting back process.  While this is wise in many cases, there are circumstances where you may want to keep paying some bills just to keep your financial strength in tact.

Since each individual has their own unique situation, it’s important to ensure you are consulting with a professional before making any big decisions about your bills.  You may want to think twice about cutting back on …

Posted on: Thursday, December 22nd, 2011 by jcliff

Around the age of 50, many people start to see their term life insurance policy come to an end.  This is a great time to sit time and take a serious look at what kind of policy you should get in this new stage of your life.  Do you renew your term life insurance policy, start a permanent policy such as whole life insurance, or do you skip life insurance altogether and focus of saving?

The answer to these questions will depend greatly on your unique circumstance and what you desire for your financial future. …

Posted on: Tuesday, December 6th, 2011 by jcliff

Update 2/7/2012 – If you haven’t received a life insurance quote from The Gerber Grow Up Plan, now is the time.  They have an upgraded online system that is easy to access and very user-friendly.  Check it out.  

New parents across the nation are bombarding with information about what their baby needs and the details can get lost.  One product being pushed on parents is a life insurance product for the child.  This isn’t the right product for everyone, but if you and your financial advisors decide this product would benefit …

Posted on: Sunday, December 4th, 2011 by jcliff

More financial advisers are steering their clients towards life insurance as a saving mechanism since government bonds are offering low rates.  Unlike term life insurance, permanent life insurance does not lapse, and it offers a unique way to save for retirement while still have a death benefit.  According to the article “In a Volatile Market, Some Turn to Insurance Instead of Bonds” by Paul Sullivan on NYTimes.com, the rate of return on permanent life insurance is 3-5% but in addition to this, the money passes onto beneficiaries free of income tax and owners can actually …

Posted on: Tuesday, November 29th, 2011 by jcliff

Individual life insurance premium totals grew about 6% in the third quarter of 2011, and 5% in the first nine months of 2011.  LIMRA’s US Individual Sales report shows this is in large part due to increasing whole life insurance sales over the past year.  The press release from LIMRA found on InsuranceNewsNet.com talks about the various drivers and who is receiving benefits from this growth.

Ashley Durham, senior research analyst for LIMRA product research, says the biggest driver of individual life insurance growth in the third quarter is whole life sales.  Their premium increased …

Posted on: Tuesday, November 22nd, 2011 by jcliff

UPDATE 3/26/2012 – Men are still paying more for life insurance than women, but a recent European court ruling has mandated that insurance companies will no longer be able to use gender when determining life insurance quotes.  This will be in effect in Europe by December 2012.  It will be interesting to see if this trend eventually comes to the United States.

In general, men do end up paying more for term and whole life insurance.  There are many reasons for this, but the bottom line is that life insurance companies see men …

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