Have you put off getting life insurance (or more of it) because you think it’s too expensive? You may want to reconsider when you learn this: Most people believe life insurance costs nearly three times as much as it actually does, according to a new LIFE Foundation and LIMRA study.
Take this example: the annual cost of a 20-year, $250,000, level-term life policy for a healthy 30-year old consumer is roughly $150 a year, but Americans estimate the cost at $400!
Here are 10 other facts from the 2012 Insurance Barometer Study that may surprise you. We’ve made them “tweetable” so you can share: Simply click on the fact you’d like to tweet and the tweet will be generated for you. And be su
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Life insurance is nothing if not personal. It pays money to widows, widowers, children and family members when a loved one dies, to help them continue on financially.
However, we hear a lot of talk from Capitol Hill about the life insurance industry not serving the American public. Few of us, including those on Capitol Hill, understand the true economic benefits the life insurance industry provides Americans. According to the American Council of Life Insurers (ACLI), there is almost $18.5 trillion of death benefit coverage currently in force. That means that $18.5 trillion, yes trillion, would go into the hands of families, if something were to happen to the policyholders.
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Some homeowners make the mistake of assuming that their property could still be covered by their regular homeowners insurance policy even when they have their property rented out by a tenant. This can turn out to be a costly mistake because there are numerous things and risks that cannot be covered by a homeowners insurance policy but can be covered by a landlord insurance policy. These include the loss and damages resulting from tenant misuse as well as the damages that your property sustains if it has been left vacant for over 30 days. Read on to find out about the top reasons as to why landlord insurance is important for rental property owners.
Landlord insurance can give you the peace of mind that regardless of the amount care and concern your tenant has for your rental property, any damages resulting from his or her use would be covered. Full Post…
It is surprisingly easy to save money on life insurance. With the resources of the Internet you can quickly get Get life insurance quotes for many providers in only a few minutes, comparing policies side by side. If you are dissatisfied with your current insurance policy, if you feel that you are paying too much, or if you simply want to increase the amount of coverage you carry, then take a few minutes to research your options.
The amount of life insurance you need will change during your lifetime. When you are young and single you may only need enough insurance cover funeral expenses and any debts you might leave. Full Post…
My first year managing the LIFE Lessons Scholarship Program, I was introduced to Giavanna Ficarra. As I watched her video submission to apply for a college scholarship, I remember feeling so sadden by her story. It brought tears to my eyes to hear that her father, who was a land developer, was shot and killed, leaving behind his three daughters. To make matters worse, he hadn’t renewed his life insurance policy.
Every time I watch it, I’m reminded how life shattering it can be when a parent dies and there is no financial support for those left behind. It’s traumatic enough for teens to lose the most significant person in their life, but then to have to worry about all the financial stresses ahead of them is devastating. Gigi
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I often marvel at how fast my kids (ages 13, 12, 10 and 10) are growing up. When I sort though photos of their early years, it sometimes feels like it was just yesterday that they began to crawl or utter their first words. Of course that’s not the case – but what if it was. What if everything we experienced in our lifetime, from our own childhood, to marriage, kids, retirement and even death was condensed from years into only a few short days?
It may be hard to imagine, but such is the life of a fruit fly. They’re known for their famously short lives. The average life span of a fruit fly is a mere 30 days. So why am I educating you about fruit-fly mortality on a blog intended to shed light about issues related to human mortality? Well…
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We all go through this inertia of saving at a salary which barely manages our living expenses. Nowadays, the situation is going through a tough grind for many who have no or marginal salary hikes in the last couple of years. Plus the inflation seems to be in no mood to sober up. Last year, I did not add a single savings or investment product to my portfolio and moreover I discontinued paying premiums for one of my insurance policies. Mounting expenses at the same income levels just leave us with little choices.
So what does one do when the regular monthly salary doesn’t leave any scope for savings? Well see if my approach can be of any use to you. <
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