Life Insurance Articles

Like all types of insurance policies, life insurance pays a benefit when a certain event cues it. Unlike all other kinds of insurance, however, this event will definitely happen at some point. You may not ever experience a theft of your home’s contents or a devastating fire, but as the old adage insists, there is [...]

Like all businesses, life insurance companies are in the marketplace in order to turn a profit. This is true even though the business model of such firms touches upon the sensitive issues of life and death. In order for life insurance firms to operate, however, they must continue to be solvent. This means they must [...]

Senior citizens and others approaching that phase of their lives frequently wonder if they should continue to maintain their life insurance policies. Those who do not possess life insurance at all may wonder if they should go ahead and purchase such a policy. According to James Miles, who works for the Society of Actuaries as [...]

A coalition of 19 different States has persuaded the Prudential Group to change its practices with regard to unclaimed property. The Prudential Group is one of the biggest issuers of life insurance policies in the nation. The federal district of Washington, D.C. was also instrumental in the agreement. Steven Grossman, who serves the State of [...]

With the arrival of the New Year comes an annual ritual engrained in American culture: New Years Resolutions. Many New Year’s resolutions center around health and fitness issues, with a large number of Americans telling themselves that they will definitely exercise more or consume a more healthy diet. Relatively few Americans take advantage of the [...]

The traditional method of securing a life insurance policy is to call up a number of different firms and have lengthy conversations with agents representing the various products available. In many cases, this requires lengthy sessions of playing “telephone tag” since agents will often need to call back at a more convenient time – only [...]

Whole life insurance, also known as permanent life insurance, typically has two components: a death benefit intended to provide financial resources for the loved ones you will leave behind when you die, and a cash value component that grows along with the years. This second component is the one that people with life insurance need [...]

More Americans are buying life insurance. This finding is the result of a research study conducted by the Medical Information Bureau (MIB), which functions in cooperation with major life insurance companies in North America to collect and coordinate data on a wide range of issues related to the industry. In November of this year, the [...]

Life insurance regulators in New York have succeeded in getting insurance companies doing business in the state to look through their financial records in search of life insurance policy holders who may have died. Under normal operating procedures, the families of those who have died inform the company of these deaths, after which death benefits [...]

Many people who purchase life insurance neglect to pay attention to the fine details of their policies. This is quite unfortunate because many life insurance plans contain useful features that may be overlooked. These features can provide key assistance in a variety of situations and can prove to be of great use to a policy [...]

Individuals interested in purchasing long term care insurance should begin looking to the private market since action in the U.S. House of Representatives this week has made it more likely that President Obama’s proposed federal version of the coverage will soon be eliminated. House Republicans have begun efforts to have the long-term care insurance program [...]

Most life insurance companies behave in an above-board and ethical manner, but some of the “bad apples” are currently under investigation by the Attorney General of New York State. The State Comptroller is also participating in the investigation, which concerns millions of dollars that possibly should have gone to policy beneficiaries but were withheld. The [...]

The two most common kinds of life insurance in the United States are term life and variable life. Although each individual’s personal circumstances are different and require careful thought, some investment advisers are cautioning people about misunderstandings that can arise when variable life insurance is not fully understood. It differs from term life insurance in [...]

It is a common practice in the United States for businesses and government agencies to provide some kind of life insurance benefit to their employees. Such a benefit is even standard in some professions, such as a public school teacher. Because of this practice, whole segments of the American population may feel that they already [...]

When times are tough, the temptation to economize can be almost overwhelming. In today’s uncertain economy, Americans are increasingly engaging in a variety of strategies for saving money, cutting corners in ways that range from making their own laundry detergent to recycling cans and bottles rather than throwing them away. Most of these measures to [...]

In years past, it was common practice for life insurance policies to include exclusions. An exclusion is a statement on the part of the insurer that the policy benefit will not be paid under certain kinds of circumstances. These circumstances would traditionally revolve around dangerous activities that carried with them some likelihood of death; insurers [...]

The generally recognized purpose of a life insurance policy is to provide financial benefits to those that the deceased leaves behind. This has the side effect of creating peace of mind both in the one who purchases the policy and in the beneficiaries of that policy. In some states, however, investor groups are beginning to [...]

One of the main disadvantages when opting for a life insurance coverage program that requires no physical exam is the inevitable higher costs of your monthly premium. Coverage will obviously cost more when the person is analyzed for risks and potential health problems. Due to the fact the company is taking the risk of automatically [...]

What are the differences between Whole life insurance and Term life insurance, the purely basic explanation? A Whole Life insurance policy; by other familiar terms which include Whole, Variable and Universal. Usually include some type of on-going investment. These include stocks, money market funds, bonds and similar investments. Enabling this type of Life Insurance Policy [...]

Research is a vital part of investigating which type of life insurance coverage is right for you. This helps you know more confidently what is the right amount of life insurance necessary to maintain your spouse or families current lifestyle in the case of unforeseen incidents or tragedies.