Whats your excuse for not having life insurance?
If your excuse is: Im young and in good health, so I dont need to think about it, yet
… then Tara Newby would probably disagree with you. Her husband, Preston, was just 24 when he died, leaving her a widow with two small children. Watch her story here.
If your excuse is: Im a stay-at-home parent, so were better off just buying insurance on my spouse who works
… then Nicolas Virgen has a message for you. He says that purchasing life insurance for his wife, Teresa, a stay-at-home mom, was the best decision they ever made. Wat
No exam insurance can be pretty easy to get in today’s world. It used to be that most life insurance policies, especially after age 40, were obtained after a rigorous medical examination. If the policy was large enough you would need more than one examination which may include blood or urine tests. People are taking better care of themselves and as a result life insurance companies issue policies after you answer a few questions truthfully about your family history and your medical history. They issue a no exam insurance policy, sometimes right there online.
These no exam life insurance policies are really designed for the person who is very aware of their need for life insurance but really doesn’t have the time to get a medical examination done.
Genworth Financial just released a study finding that too many Americans who need life insurance coverage are uninsured, putting their families and futures at risk. According to the 2011 Genworth Financial LifeJacket Study, single parents across all income levels with children living at home have the least insurance for their needs, potentially leaving their children with few or no options when faced with an unexpected death. Listen to Tracy Basdens story if you want to see what happens to the children in these situations.
The research project found that 69% of single parents with children living at home constitute the highest percentage of uninsured Americans compared with married parents with children in the home (45%).
The Genworth study also found that only 49% of the U.S.
Hearing the spiteful and snide remarks, I’m always amazed at how some couples remain married. It’s not that they have never thought of divorce, they probably think about it daily, the glue to keeping these unions of unhappiness together is the power of the mighty dollar. It’s a fact of NZ marital life, separate and your dollar you once owned, now becomes 50 cents. In losing one problem, you gain another. You get to keep the house …. only now you have twice the mortgage.
Divorce is never pretty, and there always seems to be one party that comes out the other side better off. So you split the assets 50/50 but ultimately the winner is that person whom is able to generate more wealth due to their profession or other circumstance. The los
Life Insurance Settlement. Over the years I have paid many a claim upon the death of my clients. Everything always goes smoothly for me in these cases. The carrier usually wants proof of death and they also want to be assured that the beneficiary is who s/he claims to be. When a beneficiary calls to let me know of the death of an insured I always try to make it to the funeral. I also set up an appointment to help them get paid as quickly as possible. I advise them of the requirements of the life insurance company at that point.To make certain that I don’t miss anything I confirm everything with the claims department of the company before I go on the appointment.
Here are some additional life insurance articles which have been published on other sites. I hope you find them informative.
Term Life Insurance Explanation Whole Life Vs Universal Life Insurance Life Insurance Waiver Of Premium And Accidental Death Benefit Riders Mortgage Term Life Insurance Term Insurance Or Permanent – Is There Really A Contest? Read full post…
Watching the news about events happening in Japan has been disturbing. The damage left by the earthquakes in Japan, as well as the utterly unbelievable images of the tsunami literally sweeping entire cities and villages away in an instantthese events present lasting mental images to me. Homes, cars and people also were literally washed away in an instant. The damage and destruction will take years to clean up and rebuild. Some people may never recover.
Close your eyes for just a moment and transform that mental image from the tsunami/earthquake damage to an image of what happens to a family or a business when the breadwinner dies unexpectedly or becomes disabled.
What is the definition of a universal life policy? About 20 years ago the life insurance industry was concerned more than usual the “buy term and invest the difference” advocates. As a result the actuaries went to work, not only to improve term life insurance policies, but also to come up with viable combinations of investment instruments and term life insurance. Together with variable life the universal life insurance policy was born. The definition of a universal life policy is as follows. Universal life is a term life insurance policy with a saving element attached. It is even more flexible than a whole life insurance policy in some ways in that the death benefit, premium and savings element can be changed at any time to fit the desires and financial situation of the policy owner.
As I was contemplating a post for this blog, my thoughts kept returning to the tragedy that the Japanese have suffered following the tsunami that swept over cities and towns, taking with it countless human lives. And while talk of death is not foreign to this blog, given the nature of the topic we cover, it seems that the only appropriate post is one that expresses heartfelt sorrow for all those who were unable to escape the waters consuming path. We send condolences to the people of Japan for their loss and offer our support.
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