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 insuran
[ read more » ]July 19, 2009 | Featured | Pamela Spencer | No Comments
If you are not very familiar with life insurance matters, you may get overwhelmed and confused with all of the different phrases, terms and policies out there. There are several different kinds of life insurance, including term life and whole life.
Read MoreJuly 13, 2009 | Featured, Whole Life | Pamela Spencer | No Comments
Life insurance is actually a contract in which the involved parties, the insured and insurer, agree that the insured will pay insurance premiums for a stated period of time, and in exchange for this the insurer will pay a death benefit to the insured’s beneficiaries in a case where the insured dies. Whole life insurance is a type of life insurance that can also be classified as an investment.
Read MoreJuly 6, 2009 | Featured, Whole Life | Pamela Spencer | No Comments
When it comes to life insurance issues there is lots to think about. One of the important things you really need to consider is your will, as well as how your closest kin are represented in your will. Usually a beneficiary will be listed on your whole life insurance policy in the event of your death. However, if your policy is considered an asset and the beneficiary listed on your insurance policy is not the same person who receives your assets, a problem could arise with your life insurance proceeds. It is important that when you are dealing with your life insurance that you make sure that you will matches the information in your insurance policy.
Read MoreJune 28, 2009 | Featured, Term Life | Pamela Spencer | No Comments
There are many reasons why some people choose term life insurance instead of permanent or whole life insurance. Term life insurance is also called term assurance and is the first type of life insurance that was ever developed. Term life insurance does not build any cash value, so it isn’t relevant as an investment for financial planning or retirement planning purposes. What term life insurance does provide is coverage during a certain stated time period.
Read MoreJune 19, 2009 | Featured, Whole Life | Pamela Spencer | No Comments
Once you have made the decision to purchase whole life insurance, it’s time for you to begin looking for an insurance policy that will not only be the best deal for you, but fit your needs as well. To ensure that you completely understand the insurance policy you are purchasing and end up with the best deal, there are questions you need to ask your insurance agent or company.
Read MoreJune 9, 2009 | Featured | Pamela Spencer | No Comments
A lot of life insurance information is targeted for men. Men have traditionally been the most frequent purchasers of insurance, and in particular, life insurance. However women also need life insurance, and for the same exact reasons that men do. Women also need to be able to pay their mortgages, replace lost income, have money available for funeral expenses, and provide the necessary long term security for their families. Life insurance is a form of protection, and a majority of women are not adequately protected. More and more women are purchasing life insurance, but those that do have life insurance often do not have sufficient coverage.
Read MoreJune 6, 2009 | Featured | Pamela Spencer | No Comments
How much insurance you need is likely the first thing that comes to mind when you are trying to decide which life insurance policy you should purchase. There is no doubt that life insurance is very important. The financial difficulty on your family could be a devastating problem if you come up with too little. If you have too much coverage, you will end up paying higher than necessary premiums for a policy you will hopefully never need to use. Finding out exactly how much coverage you need is the key to a good life insurance policy.
Read MoreMay 30, 2009 | Featured, Medical | Pamela Spencer | No Comments
You may be surprised to learn that it is usually extremely easy to find a life insurance policy if you are young and healthy. The insurance companies know from experience that the odds are tilted in their favor that they will never be required to payout on someone of a young age. Also, they recognize that it is easy for young people to pass most medical exams, and it is an overall easier process to get insurance when you are young and vibrant.
Read MoreMay 20, 2009 | Featured | Pamela Spencer | No Comments
Obtaining a life insurance policy is something many people don’t give much thought. None of us like to think we might die prematurely, but as we all know the nature of life is that it is unpredictable. The question you need to ask yourself is, if you were to die unexpectedly would your family have the financial means to support themselves?
Read MoreMay 9, 2009 | Featured, Whole Life | Pamela Spencer | No Comments
Many people have questions about whole life insurance policies. Here are answers to some of the more frequently asked questions.
1. What are the differences between whole life and term insurance?
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