10 Things You Need to Know About Life Insurance in General Life Insurance
We all know that Life Insurance is a great way to protect your family now, and even help plan for your family’s financial future. As with all insurance products before you buy any kind of life insurance policy is it best to do a little research, so you can understand what kind of life insurance is best for the needs of you and your family. In no particular order here are 10 tips that will help you …
Permanent Life Insurance – Choosing the Best Policy in How to Choose Life Insurance?
Permanent life insurance was designed for individuals who felt that investing their funds into a term life insurance policy wasn’t quite right for them. If you pay on term life insurance for a given period of time, and you do not die, that money simply disappears.
It’s like car insurance – you pay to insure your car, but you don’t get any money back unless you actually get into an accident.
Permanent life insurance offers an investment vehicle that goes along with …
Investment News Finds Cash Value Life Insurance “Better than Gold” in Life Insurance News
There isn’t a lot of faith in Wall Street among the general public these days, particularly in light of the recent lows, and the overall economic downturn of the two last years.
But at the Huffington Post an “alternative investment” with greater performance potential than gold has received the thumbs up – cash value life insurance.
Gold, usually the standard of stable investments, isn’t as wise a choice as some would believe. In fact, according to the article, gold has actually underperformed Treasury …
Bank Sued over STOLI Scam in Life Insurance News
Recent news in the life insurance market has featured some disturbing stories regarding the manipulation of elderly Americans by scam-artists intent on taking out STOLI policies, or Stranger Oriented Life Insurance policies, and using them to cheat insurance companies out of millions of dollars.
Stranger oriented life insurance policies allow someone who is not related to you or closely affiliated with you to take out a life insurance policy to be paid upon your death.
Originally these policies were designed for businesses and investment groups whose financial well being depended …
Life Insurance Investments in Fast Food Get Attention in General Life Insurance
Much has been made of the revelation last week that many life insurance companies have invested in fast food restaurants and companies.
Harvard Medical School conducted a study that examined the investment of millions of dollars by life insurance companies into Burger King, McDonald’s, Wendy’s, and more.
Critics are arguing that such investments are inappropriate, since eating in fast food restaurants is generally perceived to be unhealthy.
But the criticism being raised misses an important point – life insurance companies are also investment vehicles, and it …
Seniors and Life Insurance Scams in General Life Insurance
In recent news a Florida man has been arrested for taking millions of dollars from senior citizens in a life insurance scam.
What’s disturbing about this case, aside from stealing the hard earned money of senior citizens, is that he wasn’t a door-to-door salesman.
This scam artist worked for a financial group.
So why do seniors need life insurance, and how can they make sure they don’t get scammed by creeps like that?
Actually, there are several reasons why seniors would want life insurance. Some of them want to leave …
CNN Money Questions Whole Life Insurance in Life Insurance News
Many buyers are confused about the difference between traditional term life insurance, and permanent or whole life insurance. They’re not sure how to choose, particularly since there are several variations on whole life insurance as well.
CNN Money addresses these same issues in their article “5 things to know about permanent life insurance.”
Their advice is sound, though we do have to question the first point: “It’s more coverage than most people need.”
On the contrary, most people who purchase whole life insurance do so because they want more …
Many Life Insurance Benefits Go Unclaimed in Life Insurance News
In the news this week, a potential law in Ohio would create a statewide database designed to help people claim life insurance benefits that are sitting unclaimed.
It isn’t that life insurance is terribly difficult to claim – most insurance agencies are happy to pay the death benefit required of them. It’s simply that many beneficiaries don’t know about the insurance settlement that is rightfully theirs.
In fact, according to an article at MedCityNews.com, there are millions of unclaimed life insurance proceeds out there in America that …
AIG Plans to Sell AIA to Prudential in Life Insurance News
American International Group, Inc. (AIG), under the legal counsel of Debevoise & Plimpton LLP, announced plans to sell American International Assurance (AIA), world’s leading pan-Asian life insurance group, to Prudential plc (Prudential). The transaction, comprising of sale of all the companies of the AIA Group functioning in 15 geographical locations across Asia Pacific, is valued at almost $35.5 billion; including $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities, and $2.0 billion in face value of preferred stock of …
Dave Ramsey recommending what Life Insurance you should get in General Life Insurance
This video had a lot of people talking in youtube, and it got some people angry =)
Below is the question that was asked to Dave Ramsey:
Many people have a long term need to life insurance. How can you recommend a term policy to everyone? Don?t you feel like you?re giving them bad advice? Their term life insurance will likely expire when they need it the most.
And he adds:
I recommend term life insurance because the rest of it is garbage, a ripoff. Let’s …