Theres a crisis in this country of people being un- or under-insured. The majority of adult Americans do not own an individual life insurance policy, according to LIMRA International. I place a bit of the blame on the industry itself, which may have lost sight of the real reason people buy life insurance. Some agents [...]
One common question I hear is, “Can I purchase life insurance on my ex-husband?” In most cases, Yes! But here are the conditions: 1. You Must Prove “Insurable Interest” – You have to be able to prove that you would somehow be financially impacted by your ex-husband’s death. If so, there is a legitimate need [...]
How much life insurance do you need? Most people have too much. This 5-step process can help pinpoint your needs. These were the headlines for an article in The Chicago Tribune on Aug. 12, 2010. While the article itself is relatively reasonable, the headlines are misleading. Most people do not own too much life insurance. [...]
Over the years, Hollywood has woven life insurance into movie plots on numerous occasions, almost unanimously depicting the insurance industry and agents negatively. Insurance fraud schemes, murder plots to collect insurance proceeds, and evil corporations denying benefits to policyholders are just a few common uses of insurance in movie plots. The purpose of this article [...]
Windsor, Conn., June 16, 2010 – African Americans place greater emphasis on the goal of having adequate life insurance and are twice as likely to consider purchasing life insurance for themselves or for someone else in the household compared to the total U.S. p Read more…