Posts Tagged ‘life insurance’
Open Enrollment – Employer Group Life Insurance
For some, open enrollment is going on as employees scramble to make elections for the coming year. I consulted with a client today on their options. The family has been covered under a family major medical plan but his wife has recently returned to work and has been offered a benefit package. The health plan is good and very inexpensive for her [...]
Faking It
Late for your own funeral? Almost . . . MSNBC reports a bricklayer showed up at his own funeral . . . but was very much alive. A Brazilian bricklayer reportedly killed in a car crash shocked his mourning family by showing up alive at his funeral. What family members didn't know was that Goncalves had spent the night at a truck stop talking with [...]
NWML Buys Gold as a Hedge Against Tough Economic Times
Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines. “Gold just seems to make sense; it’s a store of value,” Chief Executive Officer Edward Zore said in an interview following his comments at a [...]
ROP Term Life Insurance Increase
If you are a fan of ROP term life insurance (return of premium) prices are headed up. According to a general agent buddy for several life carriers, premiums on new ROP term life plans will increase 40 - 50% within the next 6 months. Buy now and save.
The Pitfalls of Online Shopping for Insurance in Georgia
Although most of the topics here involve issues about health insurance in Georgia, but from time to time we branch out into other lines of coverage. This is one of those times. I participate in several online forums, including those frequented by consumers. Based on the information provided, I try to help them out by responding to their [...]
Taxing Beyond the Grave
Life insurance proceeds are, with few exceptions, received free of any income tax. But that may change if the Oregon taxer's get their way. "Oregonians who purchase life insurance and annuity products to assure the financial security of themselves and their loved ones would be hit with a tax that undermines their carefully-made financial [...]
Stretching Your Dollars
Need to make every penny count? There are lot's of ways to save money without really trying. From Dollar Stretcher come these tips. I liked using the Wrinkle Free spray's on the market today but didn't like paying the price. So now I make my own. I bought a bottle of liquid spray starch and mixed it with water (at a ratio of one part starch to [...]
Life Insurance . . . DENIED
If you have serious health issues, it might be impossible to obtain a life insurance policy. The exception is a graded benefit plan that only returns the premium if death occurs in the first 2 - 3 years. But once the policy is issued, there should not be a problem, right? Not so fast! Life insurance policies have a contestable period that [...]
Life Insurance Rates Headed North
The cost of life insurance may be going up. A lot. In some cases as much as 40%! And very soon. Some carriers are pulling existing products with long term guarantees off the market. These plans (20 & 30 yr term, life expectancy term, ROP term and well as UL and whole life) will soon be replaced with much higher rates. Run life quotes now. [...]
