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 [...]
BEAMALIFE COMMENTARY: The hybrid aspects of guaranteed universal life insurance are the simplest and most reliable ways to obtain financial security for the rest of your life.
Life insurance needs will change but it is best to keep life insurance policy instead of dropping the coverage when you grow older. When an individual ages, a permanent policy becomes an increasingly important asset, because a person’s insurability tends to decrease over time. A term policy provides temporary coverage, but relying on term insurance [...]
Employees often think that insurance offered by their employers is cheaper than purchasing individual plans. Certain types of insurance are cheaper when purchased through a group plan including Health, Disability, Long-Term Care and, in some cases, Life Insurance. If your employer provides free insurance, you should certainly accept it. However, if you are in good [...]
I came across this very interesting report over the July 4th weekend and thought I should share it with our readers. We mostly receive positive comments about companies, but we should be aware about the negative side as well. This is just for your curious reading–your feedback and actual experience with these companies will be [...]
The National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) is a voluntary association composed of the life and health insurance guaranty associations of all 50 states, the District of Columbia, and Puerto Rico.
When an insolvency involves multiple states, NOLHGA assists its state guaranty association members in quickly and cost-effectively fulfilling their statutory obligations [...]
It depends on what the medical condition is. Your opportunity to obtain additional life insurance later in life will depend primarily on your health. A life insurance company will also consider your age, occupation, whether or not you smoke, any dangerous hobbies, and the amount of insurance you want. If you’re healthy, the life insurance [...]
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