Why should I buy life insurance? There is only one reason: that in the event of your untimely ability to support your dependents financially, you have planned for their future. There are two main approaches, Protection and/or Investment Protection policies are designed to provide a benefit, lump sum, or regular payments to the ‘beneficiaries’ normally spouse or children in the event that the ‘insured person’ is unable to continue earning to support them. This may be due to premature death or accidental injury, the specified ‘event’. The most popular form of protection policy is Term Insurance i.e. when the ‘event’ occurs within a specified time, e.g. 15 years. This allows you to adjust the...
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There is always something you need to do. Something to check off the to-do list. Americans are busy and when you finally get free time, life insurance is typically the last thing you want to think about. Let’s discuss why you shouldn’t avoid buying affordable term life insurance. Most of the popular online life insurance sites say they offer free information and quick quotes, but they make you enter so many personal details before seeing any prices that you’re ready to throw in the towel before you ever see any estimates. This turns most busy people away from looking any further for life insurance and many forget about it all together. Quotacy wanted to make a change. We...
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Life insurance is not just for young people. In fact, as we grow older, we may have more we need to protect with life insurance. While age is a major factor in the cost of life insurance premiums, it is possible for life insurance for seniors over 70 to be a good value. Why Seniors Over 70 Still Need Life Insurance These days, with seniors living longer and healthier, many seniors are still working at 70 and retirement may not be in their near future. There are many reasons baby boomers and seniors may need life insurance. Here are some of the more common ones: Provide income replacement. Provide an income for a special needs child. Protect a spouse and/or family. Protect children or...
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We all want to protect the ones we love. Unfortunately, our budget can sometimes limit our ability to put adequate financial safeguards in place… or so you might think. If you believe that life insurance is out of reach financially, you might be surprised to hear that this doesn’t have to be the case. The truth is, there are lots of affordable, flexible life insurance options available to you. We’re here to tell you that you may not have to make sacrifices to protect you and your family. Understanding affordable life insurance options If you want to find suitable cover on a budget, you need something that matches your family’s needs and circumstances. You need to get to know what’s on offer...
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New product offers simple and flexible cash payment solutions SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has introduced a new Final Expense Whole Life Insurance policy that consists of a cash payment your beneficiary can use for more than just funeral service costs. Unlike pre-need burial or funeral insurance, this policy can be used to pay unsettled medical bills, credit card balances, or for any purpose your beneficiary chooses. It is available to applicants 50-80 years of age, and can be purchased at a lower price than similar existing products. "For 113 years, SBLI has focused on filling the insurance gap that exists for many families and doing so in an...
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A new life insurance service has been launched offering grandparents the chance to get permanent whole life insurance for grandkids. Grandkids Insurance offers whole life insurance for children between the age of 0 and 18, making it ideal for grandparents in the California and Texas areas who want to ensure grandkids don’t miss out on life insurance. Grandkids Insurance offers final expense whole life insurance for children aged between 0 and 18 when it is most affordable with low premiums. This whole life insurance for grandkids comes with a variety of benefits. For example, the insurance provides permanent lifetime coverage so long as premiums are paid on time and up to date. In...
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{{vm.title}} 25 {{ vm.title }} {{ vm.siteSelectorList.flyout.cell1.heading }} {{ site.countryLocale }} {{ vm.siteSelectorList.flyout.cell1.global.countryLocale }} {{ vm.closeTabLabel }} The disability income claims analysis covers the five-year period from 2014 to 2018 and involves extensive data collection and examination of 71,000 new and closed claims for insurance policies purchased through financial advisers, from 10 insurers. FSC CEO Sally Loane said Australia continues to have the most up-to-date industry claims data which is unsurpassed anywhere else in the world for its granularity and timeliness and this focus on data will only continue going forward. “A key aim of the...
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DENVER--( BUSINESS WIRE )--Today, Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced a new strategic partnership with AXA to leverage Western Union’s global omni-channel platform to deliver affordable life and disability insurance offerings to consumers in France, sending money via www.westernunion.com to 10 African countries. The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time. The initiative highlights the broader potential opportunities of Western Union’s strategy to leverage its unmatched global reach and omnichannel capabilities, and offer an ecosystem providing...
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Finding Affordable life insurance coverage with cerebrovascular disease Most people think of cerebrovascular disease as someone that has had a stroke or mini-stroke. By definition, cerebrovascular disease is a disease that occurs in the blood vessels of the brain. Typically the oxygen supply to the brain is cut off. Often, the most common causes of cerebrovascular disease is high blood pressure and plaque buildup in the arteries to the brain. Many times a brain scan such as a CT and/or MRI must be done to confirm that a stroke or some cerebral event occurred. Signs and symptoms that a stroke or event may have occurred include: weakness, numbness, headaches, dizziness, nausea, vomiting,...
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4 reasons that make term insurance a must-have 4 reasons that make term insurance a must-have The lifestyle that we lead today is vastly different from only a decade ago. The dangers surrounding our lives have also increased significantly. It has become exceedingly crucial to purchase an insurance policy for protection against them. A standard and affordable life insurance policy is term insurance, which provides substantial coverage amount for a specified period at minimum premiums. There are different types of policies made available by term insurance providers to suit varying requirements. When you buy policy online, you must analyze and pick the plan that appropriately satisfies your...
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