Archive for the Featured Category
August 10, 2010 | Featured, Rates | Wayne Rodriguez | No Comments
2010 was a much improved year for America’s insurance industry after suffering through 2009, which was a terrible year. During the last few years, write offs in the insurance industry occurred in record amounts. Overall this helped to push insurance rates down. Tough competition and company consolidations were also prevalent, which helps reduce rates as well across the board in order to attract and keep customers. It appears at this point that the worst is behind us. Over the next several years consumers can expect to see life insurance rates rise along with other costs.
Unfortunately during tough economic times life insurance is considered a luxury that many people will go without. With the economy stabilizing in recent times, many people have renewed their life insurance. This corresponds with life insurance rates rising over the next several years.
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August 2, 2010 | Featured, Term Life | Wayne Rodriguez | No Comments
We received this question from one of our readers. I am 33 years old and make approximately $150,000 per year. I need to plan for my retirement, and I’m starting from scratch. Someone who is close to me would like to sell me a life insurance policy that features a cash value as a way for me to save. Is this my best option?
Well my first question is what to you mean by someone close to you? Are you talking about a co-worker, acquaintance, friend or relative? Whoever this person is, my first suggestion is that you distance yourself, at least in terms of your finances, with this person.
The reason for this is because when you are trying to save and invest for your retirement, your starting point shouldn’t be life insurance. In terms of your options, life insurance should be way down on your priority list, if at all.
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February 8, 2010 | Featured | Pamela Spencer | No Comments
Borrowing money is a routine and often essential way to do business in America. Businesses often collateralize their loans with certain assets like inventory, equipment or real estate. Or in some cases the collateral may be more indirect such as company profitability, management integrity, and general business assets. The smaller a business is, the more that management integrity comes into play. This is usually the business owner, the single driving force of the person. He or she is who the lender will be looking at as the essential way that a business will have the ability to repay their loan as well as the interest. But what if the business owner dies?
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February 4, 2010 | Featured | Pamela Spencer | No Comments
When it comes to insurance policies, life insurance is certainly one of the more powerful forms of insurance that an individual can have. Unfortunately trying to decipher a life insurance contract can be a difficult process. There is also not any easily accessed collection or database of insurance laws encompassing all states that is readily available. Because of this lack of knowledge a lot of misconceptions and misinformation regarding who is eligible to buy life insurance and the amounts and types that are allowed are fairly common.
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February 1, 2010 | Beneficiary, Featured | Pamela Spencer | No Comments
When it comes to choosing the beneficiary for your life insurance policy, you have the ability to name whomever you want. However, there are a few things you should consider before you actually name your beneficiaries on your life insurance policy documents. For one thing, you need to be name specific. Simply stating “my spouse”or “my wife” could put you at risk of an ex-spouse or partner trying to claim benefits after a divorce.
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January 28, 2010 | Featured | Pamela Spencer | No Comments
It was a compelling and simple pitch, and it came right after the new year with all those well intended resolutions still fresh in many people’s minds. The pitch was $1 will buy $50,000 worth of life insurance. If you were thinking about getting life insurance, then the email you received from Oklahoma City-based Global Life and Accident Insurance might have caught your eye.
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January 25, 2010 | Featured, Young People | Pamela Spencer | No Comments
If you were to ask if single people without dependents need to get life insurance, most people would say no. However as with most financial decisions, things are just not that black and white. If you are a 30-something single person living alone and have no children it might seem like a big waste to buy term life insurance. Who are you going to leave your money to after all? You don’t the issue of having any children or a spouse depending on your income. That is very true, however there is a very interesting fact regarding life insurance that place people who put off buying it at a big disadvantage.
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January 21, 2010 | Featured | Pamela Spencer | No Comments
If you plan to ever buy life insurance, either whole life or term, chances are you will be required to take a medical exam. Medical exams for insurance are typically conducted by paramedicals. These are health professionals that are licensed. Often paramedicals are independent contractors that insurance companies hire to visit you in your home.
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January 18, 2010 | Featured | Pamela Spencer | No Comments
Usually employers offer their employees job benefits as a way of not only enticing people to come to work for their company but also to retain their employees. Benefits such as vacation time, health insurance and life insurance are all benefits that employees are attracted to and also expect these days. When it comes to life insurance, relying too much on what is provided by your employer may be detrimental and not sufficient to meet your individual and family needs. There are several reasons why the life insurance that is issued by your employer may not meet all of your needs.
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January 14, 2010 | Featured | Pamela Spencer | No Comments
Many people have charitable goals they would like to achieve. We want to repay our debts to society for all the benefits we have received as well as give back to organizations who have given so much to us and to others. Many of us might feel a little frustrated. We might want to make a significant contribution but feel we can’t afford it. There is a common misconception that the only meaningful charitable giving is done by the wealthy. However, that isn’t always true.
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