This is the place where you'll get up-to-date information on Term life online insurance, including money-saving tips, articles, company reviews and resources to help you learn about term life insurance.
Here's a very interesting article regarding life insurance policies that the heirs cannot locate after you pass away. It happens a lot!
Source: PR NewsWire
Smart Consumers Won't Make Heirs Wait to Locate Lost Riches
While producers of TV shows* are locating long-lost legacies, smart consumers are ensuring that their heirs won't have to wait for a news show to find life insurance, safe deposit boxes, and other assets, thanks to a new registry and reminder service named FindYourPolicy.com. http://www.findyourpolicy.com
According to a recent Dateline NBC story, 1 out of 8 Americans have unclaimed funds amounting to over $30 billion sitting in state treasuries -- much of which is the result of unclaimed life insurance policies. Some estimates are even higher -- the National Association of Unclaimed Property Administrators puts the figure as high as $23 billion every year in unclaimed assets.
Here's a good article for all servicemen and women to help you understand life insurance availability and what might happen if you're not careful.
Source: PRWEB
Life Insurance Site Warns Soldiers of Predatory Practices
- Soldiers in the United States Armed Forces should be wary of predatory and deceitful practices in the life insurance industry. PlatinumInsurance.info, a Web site that offers information on life insurance, has been hearing shameful reports of young service members being sold expensive life insurance polices they didn't need or didn't even realize they had bought. The team at Platinum Insurance would like to warn soldiers to be wary of these schemes.
Life insurance for children offers many benefits that could help protect your child's future.
For instance, childrens life insurance may guarantee your child life insurance protection as an adult, even if they have an accident, join the military, or develop a health problem.
In addition, some children's life insurance plans provide the option of doubling your coverage when your child reaches age 18 or 21.
And, life insurance plans for children may grow cash value within the policy, for your child's future.
A.M. Best Company has been issuing financial strength ratings on life insurance companies since 1906.
Consumers have relied on these financial strength ratings for the past 100 years as a tool for selecting a life insurance company to purchase a policy from.
A.M. Best recognized the following life insurance companies for maintaining an A.M. Best Financial Strength Rating of "A" or better since 1907.
New York Life Insurance Company, MetLife, Northwestern Mutual Life Insurance, Company, and Prudential insurance Company of America.
The good news is that Americans are living longer than ever before, with Americans' life expectancy hitting a record high of 78.1 years in 2006.
The bad news?
Those 50% of Americans who will live beyond life expectancy (it's 80.7 years for women, 75.4 years for men, and varies further based on ethnicity) need to make sure they have enough assets to support their lifestyle should they live a long life.
Keeping Your Beneficiaries Up to Date on Your Life Insurance Policy
When you purchase your life insurance policy, you make a choice as to who will receive the benefits, or proceeds of your life insurance. That person is the beneficiary.
Although you choose a beneficiary when you buy the policy, you should review your choice every few years, as conditions change, and you may want to make a change, or add a beneficiary to your policy.
Pan-American Life Achieves Ranking as No.1 Hispanic Business in Louisiana
Source: Business Wire
Pan-American Life Insurance Company has excelled for the third straight year ranking first among Hispanic companies in the state of Louisiana according to Hispanic Business 500, the magazine’s annual business directory.
In the June issue, the magazine ranked Pan-American Life as 23rd among all Hispanic businesses in the nation and second among the top 10 companies in the finance sector.
Here's a good article from Garden State Life Blog that explains viatical settlements and the sale of your existing life insurance policy.
As fears about the economy worsen and financial liquidity is becoming harder to come by for some, I have started to hear this question more and more lately. In a recent article I addressed the question, can I borrow against my life insurance policy? In this post I'll look at some of the options in regards to whether a life insurance policy can be sold.
There are companies that purchase life insurance policies. They are commonly referred to as life settlement companies. A life settlement company will usually pay the policyholder a flat amount for the insurance policy. In return the settlement company will begin making the premium payments and collect the death benefit when the insured dies.
New Bill Places Increased Restrictions On Senior Life Insurance
Source: NewarkAdvocate.com
New Ohio legislation should make it more difficult to profit off seniors' deaths.
On Wednesday, the governor signed legislation that puts greater restriction on stranger-originated life insurance, the practice in which investors persuade seniors or other individuals with a reduced life expectancy to buy life-insurance policies. The investor pays the premiums, then collects the proceeds when the person dies.
Do you need life insurance? You may if someone depends on you for financial support.
Many people buy life insurance to provide for their loved ones in case they die. The life insurance policy provides money to help your family continue their lifestyle, go to college, pay for living expenses, go on vacation, and provide funds for your spouse's retirement, among other things.
Life insurance gives you the peace of mind knowing you are providing for the future financial security of your loved ones.
HSBC, through Household Life Insurance Company, recently introduced a new Simplified Issue Term life insurance plan. It requires an easy seven question application form to be completed by the applicant online.
If approved, the qualified applicant can sign the necessary documents by electronic signature, pay by credit card or Electronic Funds Transfer, and print out the new policy within minutes.
Coverage is available for term lengths of 10, 15, 20, and 30 years in amounts ranging from $25,000 to $500,000 of coverage. The policies are also convertible to select permanent life insurance products offered by the company.
This new product through HSBC Household Life Insurance Company is the only Simple Issue Term life product currently available in amounts up to $500,000 of coverage.
Why term life? Because, it's usually the cheapest coverage available.
Why is term life cheap? Because it provides you with temporary life insurance for a specific number of years, usually 1-30 years. And, because there is no cash value that builds up in the policy like in whole life insurance.
You pay only for the life insurance. Term life insurance offers the maximum amount of coverage at the lowest prices for most people, especially young families, and people on a budget.
Check Out MetLife's Animated Short Film Explaining Insurance for Consumers
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--June 5, 2008--MetLife, the nation’s largest life insurer and leading provider of employee benefits, continued its 140-year tradition of providing education to consumers when it released a new animated short film entitled "Everybody into the Pool." The film, which features Snoopy®, aims to demystify how insurance works by explaining in layperson’s terms the powerful and efficient financial principle that makes insurance possible and within reach: risk pooling.
Are you just married? If so, it's never too soon to consider life insurance for you and your spouse.
Life insurance can help provide the money your spouse needs to pay off your mortgage, your credit cards, your student loans, or any other necessities of life, if you were to pass away.
Now that you have someone who relies on you for love and support, don't you owe it to that person to protect their future?
Supplemental life insurance offers you the opportunity to add to your existing life insurance coverage.
Whether you have life insurance through your employer, or an existing life insurance policy that no longer meets all of your needs - supplemental life insurance may be able to help.
If you're shopping for life insurance online you may be some what frustrated - with so many choices, and which one will fill your needs?
Did you know, you can now buy life insurance online, from Top-rated insurers? Yes, if you qualify, you may be able to get up to $500,000 of affordable term life insurance for 10, 15, 20, or 30 years of coverage.
1. Find a quality life insurance quote service online.
2. Fill out their quote request form - it usually takes about 1-2 minutes.
3. Instantly receive up to 12 (or more) quotes for life insurance from top-rated insurers.
4. Compare the quotes and financial strength ratings shown on your quote.
5. Ask for quotes with monthly, quarterly, semi-annual, and annual premium payment options. There may be some savings on an annual payment basis.
When reviewing the financial strength rating try to choose an insurer rated "A" Excellent, or better by A.M. Best Company. This should indicate the insurer is financially secure and able to pay their claims.
By comparing quotes from several insurance companies you may save up to 75%, which could mean hundreds of dollars per year in your pocket, instead of being paid to the life insurance company.