There has always been value in protecting your loved ones, perhaps even more now as the COVID‑19 global pandemic continues to devastate households and put the question of mortality front and center. While life insurance can be an unsettling topic, and it’s not exactly stimulating dinner conversation, it can be a vital stepping-stone to financial health. In fact, life insurance plays a role beyond times of uncertainty and is an evergreen financial tool that may benefit your plans at any age. That’s because life insurance does more than just provide survivor benefits; it is a dynamic tool that can work throughout your life alongside your savings and investment strategies. So, it may be...
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Different Types of Life Insurance Think about what's important to you in life. Maybe you're thankful you have a partner who understands you. Or maybe you take pleasure in watching your kids grow up and become more talented. Perhaps a work promotion lets you use your leadership skills. If your plans work out, you'll help your kids get through college, pay off your mortgage, and enjoy retirement. But the unexpected can happen, and it's a good idea to plan for your family's future. With life insurance, you can lighten the financial burden if you were to pass away unexpectedly. If your needs change and you decide you'll be better off with a different policy, you might not know what to do with...
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The Gender Gap in Life Insurance © Maskot/Getty Images Gender Gap in Life Insurance Life insurance can be an uncomfortable topic, but it is a vitally important one. We live in a world where many of our financial obligations can and do outlive us. Life insurance provides a safety net for our loved ones when we are no longer with them. Insurance expert Laura Adams says, “Having life insurance is critical when your death would cause financial hardship for anyone you leave behind, such as a spouse, partner, child or parent.” Popular Searches When we pass, our loved ones grieve. They grieve while they deal with the financial fallout that so often accompanies the death of a loved one. Not only...
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Exit from variable life and annuity business marks final chapter in divestment strategy TORONTO, July 1, 2020 /PRNewswire/ - Foresters Financial™ (Foresters) today finalized its previously announced sale of Foresters Financial Holding Company, Inc. and Foresters Life Insurance and Annuity Company (FLIAC), its New York -based variable life and annuity business, to Nassau Financial Group, L.P. FLIAC was acquired by Foresters in 2011 with its entry into the asset management business through the purchase of First Investors. The sale represents Foresters exit of the First Investors businesses, following the 2019 sale of its asset manager and broker-dealer to Macquarie Group and Cetera...
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Murder for hire: Woman had stepfather killed for life insurance money, police say Chief: Suspect was sole beneficiary on $750,000 policy Myesha Williams (Volusia County Jail) DeLAND, Fla. – A woman paid someone to fatally shoot her stepfather so she could receive the money from his insurance policy, which had recently been increased from $25,000 to $750,000, according to DeLand Police Chief Jason Umberger. Police said on Jan. 31, 2019, 59-year-old Terrance Gibson was in a vacant lot on Euclid Avenue known as “The Watering Hole” hanging out at a campfire with a group of people when a masked gunman came out of nowhere and ambushed him. After the shooting, the culprit ran away to an area where...
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Like the rest of the world, I heard the news of what had happened in Minnesota about George Floyd’s murder, watching the video on social media. It was one of the most horrifying accounts of police brutality that I have experienced in my lifetime. Just before that, I remember getting pulled over at a stop sign with an older friend sitting in the back, who need the leg room because they had broken leg. I was not speeding, and I am quite sure I came to a full stop. Apparently, the only reason we were stopped was because the police officer just wanted to make sure everything was okay. We kind of had a laugh about it because I was like, “WOW, he must of thought I was kidnapping you”...
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Wink, Inc. Releases First Quarter, 2020 Life Sales Results DES MOINES, Iowa, June 9, 2020 /PRNewswire/ -- Wink, Inc. released the first quarter, 2020 life sales results in its 91 edition of Wink's Sales & Market Report. Wink's Sales & Market Report is the insurance industry's #1 resource for life insurance sales data, since 1997. Non-variable universal life sales for the first quarter were $770.3 million ; down 28.4% when compared to the previous quarter and down 2.5% as compared to the same period last year. Non-variable universal life (UL) sales include both indexed UL and fixed UL product sales. Noteworthy highlights for total non-variable universal life sales in the first...
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SAN DIEGO (PRWEB) June 10, 2020 Ensight, a leading life and annuity digital sales platform, today released the latest findings from its quarterly Trends Report which highlights a dramatic shift in life insurance interest due to the COVID-19 pandemic. As shelter-in-place orders forced life insurance agents to work from home, remote selling utilization increased by 155% in just eight weeks. Social distancing restrictions were among the biggest drivers of a transformation towards digital life insurance sales in more than 20 years. During April’s nationwide shutdown, the Ensight Platform created over 31,000 digital illustrations for remote sales engagements by agencies, producers, and...
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COVID-19 Pandemic Drives Surge In Life Insurance Virtual Sales Meetings SAN DIEGO, June 10, 2020 /PRNewswire-PRWeb/ -- Ensight, a leading life and annuity digital sales platform, today released the latest findings from its quarterly Trends Report which highlights a dramatic shift in life insurance interest due to the COVID-19 pandemic. As shelter-in-place orders forced life insurance agents to work from home, remote selling utilization increased by 155% in just eight weeks. Social distancing restrictions were among the biggest drivers of a transformation towards digital life insurance sales in more than 20 years. During April's nationwide shutdown, the Ensight Platform created over 31,...
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We recently launched two new financial products on the Fincheck platform! This is really exciting because we can now help people make better financial decisions over a wider selection of finanncial products. We're going to start with a Life Insurance education series and follow that with a Funeral Insurance education series. Help us to spread the helpful information to South Africans by sharing this article with your friends! Let's look at the types of Life Insurance you need! 2 Common types of Life Insurance The exact benefits and payout will be determined by the provider of your life insurance, but typically there are 2 types of life insurance options in South Africa. Whole Life Insurance...
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