Life Insurance

The Buzz on Marijuana and Life Insurance

It’s no surprise that lifestyle matters when it comes to life insurance. Diet, mental and physical health, family medical history, age, gender, and occupation—these are all common factors that impact life insurance rates. What happens when you add marijuana use to the mix? The purpose, the frequency and several other factors related to marijuana use matter more than marijuana itself when it comes to the cost of getting life insurance coverage. To Tell the Truth As far as life insurance applications go, honesty is truly the best policy. Life insurance policies are legal contracts between insurers and the insured. As…

Insurance Protection for College Students

College students don’t likely see themselves as someone who needs term life insurance. Getting to class on time, grade point averages, hanging out with friends and keeping up with the latest social media trends are more likely top of mind. After all, they’re young and healthy and any vague thought about an untimely death is scary business and best avoided. Financial experts, on the other hand, advise that term life insurance for college students is extremely important to at least these two categories: Parents who have co-signed a student loan. College students with a family or financial obligations like a…

Why Estate Planning is for Everybody

Estate planning and life insurance go hand-in-hand. Or, as Forrest Gump might put it: they go together like peas and carrots. Thinking about your last will and testament and other end-of-life decisions usually involves thinking about your life insurance needs, too. Unfortunately, avoiding one usually involves avoiding the other – and the majority of Americans are falling short when it comes to estate planning. Do you have an estate plan? Do you have life insurance? If not, here are some compelling reasons to get you going on both fronts. Everyone Has an Estate The popular connotations of the word “estate”…

Questions to Ask When Considering Life Insurance

People often get nervous about shopping for life insurance because it seems complicated. That’s understandable. Sometimes it seems filing taxes may be easier than figuring insurance costs and policy plans. The good news is that there are a lot of sources for helpful tips out there to get you through the process, so do your research. Here are some essential questions you’ll need to consider: Do I Need a Life Insurance Policy? To start, ask yourself a couple questions. 1) Any chance that you’re going to die someday? 2) If you answered yes, are you single with no debts and no…

Consider Life Insurance for Retirement Investment

Life insurance and retirement planning may not seem to have much in common. You think of life insurance as planning ahead for your beneficiaries, while investing for retirement is planning for your own future. Yet, life insurance can be an important part of retirement planning, some financial advisers say.  Consider these points as you weigh the advantages, as well as possible drawbacks, of including life insurance as part of your future retirement investment income. Cash Benefits of Permanent Insurance Permanent life insurance plans – variable, universal or whole life – all include a separate account for your premiums to build cash,…

What You Need to Know About Buying Life Insurance for Grandkids

Becoming a grandparent is an experience like no other. Grandparents are often eager to shower the newest apple of their eye with gifts. More than toys and clothes, grandparents can choose to gift whole life insurance to their grandchildren. It is the gift offering peace of mind and financial benefits throughout the child’s life. What is Whole Life Insurance? Whole life insurance is a type of permanent life insurance that protects the individual for his or her entire life. As long as the premiums are paid, coverage continues. While the coverage amounts and premiums for whole life insurance can vary…

Money Can’t Buy Happiness … Right?

Money can’t buy you happiness. It’s an adage reminding us the important things in life aren’t things. And it’s often repeated in times of financial stress or upheaval. But it’s only true to a point. A 2010 Princeton study by Angus Deaton and Daniel Kahneman found money can buy life satisfaction, for a while. They found emotional well-being increased along with salary until about $75,000 annually. At that point – after necessities like food, clothing, shelter and transportation were no longer everyday stressors – emotional well-being didn’t continue to climb. The upper middle class have as many problems as the…

Stacking Life Insurance Policies with a Ladder Strategy to Save You Up To 49%

Stack Life Insurance Policies Could Save You Up to 49%1 The Ladder Strategy: Precise Tailoring of Multiple Policies to Maximize Coverage When You Need it Most Term Life Insurance is a necessary purchase to ensure your family is protected in the event of a sudden loss of income. You know that already. But as you progress through your career, as your savings increase, your children grow and you reach retirement, your need for life insurance coverage may decrease. Stacking life insurance can help save you real money. The Life Insurance Ladder strategy; The right amount of protection for now and…

Back Up Your Words with Life Insurance

We all say certain phrases that become part of who we are. And even if they aren’t hashtag worthy, others are listening. The meaningful words we use to talk about loved ones and our passions provide a glimpse into who we are and what we value most. But you’ve probably also heard the saying, actions speak louder than words – right? It’s important to stop and consider what we say and whether our actions are aligned with our words. Life insurance is one way to back up what we say about who matters most and what we feel is important. Let’s…

Take Steps Today to Ensure Your Life Insurance Pays Off

If you have a life insurance policy, you have already taken the first positive step toward protecting your loved ones’ financial futures. September is Life Insurance Awareness Month and the ideal time to take the next steps to ensure that you not only have adequate coverage, but that your good intentions will be carried out too. Here are key points you need to know about how to manage life insurance policies and about how insurance is paid out: Check Your Records and Update as Needed Maybe you took out the policy many years ago, during which time your beneficiaries have…

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