I was listening to a personal finance podcast the other day, and the question was raised again about what kind of life insurance someone should buy. The host went on for the next couple of minutes talking about how everyone should “buy term and invest the difference.” Now I’m a fair person, and I admit [...]
The economics of life insurance relate to human life value, which in turn pertains to human capital. Human capital is a person’s income potential over their lifetime as well as additional factors such as fringe benefits, monthly expenses, and savings growth rate. The human life value concept is the primary reason for insurance and the [...]
It’s a new year, and that’s the time when many people make resolutions to change their lives for the better in the coming months. Many of the changes you might be considering can also be ways to save money on your life insurance. Of course, there are the usual ways that most people would think [...]
In the December issue of Employee Benefits Advisor magazine, a survey of 4,500 employers found that 2010 will be a good year for your employee benefits in lots of ways. Most employers remain committed to keeping their benefits plans robust, offering medical and dental, vision, life insurance, short and long term disability insurance.
Here are the [...]
According to the MIB Life Index, life insurance applications in the U. S. are on the rise, with November showing some of the biggest increases in the last two years. That’s a good thing for the life insurance business, of course, but it points to some very good things that are happening in the economy [...]
There’s no question that for many people, money is tight these days. And when you’re low on options for increasing your income, your thoughts may turn to that life insurance policy that you’ve been paying on for so many years. You could sell it in what’s called a “life settlement,” but is that the right [...]
There’s an old saying that goes, “there are two kinds of people in the world: those that divide the world into two types of people, and those that don’t.” You have to love the logic of Aristotle, even when it sounds funny, like that old saying does. But a recent Gallup poll did divide people [...]
ING – one of the largest financial services groups based in Europe with a significant presence in the United States, announced plans to split its banking and insurance/investment management operations with the goal of selling off its insurance operations over the next few years.
ING is selling its insurance business to gain approval from European competition [...]
Too often, you have been advised to buy term insurance and invest the difference in the stock market for better return. Even though this sounds convincing on paper, it lacks verifiable facts, ignores feasibility of continue investing in stock market and demonstrate ignorance of life insurance tax advantage. When you calculate long term compounding tax [...]
Most of the time we view life insurance as an expense - especially the term insurance but the greatest strength of life insurance is the ability to pay a specified amount on the death of an insured. For what can be a relatively small amount of money each year, your beneficiaries (your family and loved ones) can [...]
Subscribe to Blog RSS
Add to Technorati Favourites
