Most Americans tuck their life insurance policies away after purchasing them. These papers rarely come out of their storage spots for review. However, it is important for all Americans to review these documents periodically. The reason for this is because life’s changes may require alterations in life insurance coverage. When people get married, have a baby or buy a house, they must change their policies. Even a change in salary is enough to warrant a review. When main earners start making more money, their families become accustomed to a different style of living. They may upgrade their cars and take … Read Full Post
Online shopping has become an American pastime, and can be an exciting adventure. For nearly everyone, it is enjoyable to receive surprising new packages and offers in the mail. But would you want your insurance coverage to be a surprise? You may want to ask yourself some essential questions before making the decision to buy insurance online: What questions should I be asking before making the purchase? Am I certain about exactly what coverages I need? Have I researched the insurance company, and are they legitimate? Will the personal information I provide online be secure? Will there be real savings … Read Full Post
Most people know the importance of insurance protection. You don’t want to be without it when problems strike. What many don’t realize, however, is that protecting themselves with insurance isn’t a once and done event. You don’t wear the same pants you did when you were five years old because, besides no longer being in style, they simply don’t fit. A homeowner’s policy purchased when your house was furnished with bean bag chairs and bar stools is no longer going to “fit” once you’re lounging on Italian leather sofas while watching television on your wall mounted plasma screen. Life is … Read Full Post
According to A.M. Best, an insurance rating company, less than 50% of U.S. households have life insurance outside of what’s provided by their employer. This statistic begs the question – why have so many individuals abandoned their life insurance needs? There’s not a one-size-fits-all answer to such a question, but there are a couple of common contributing factors. One factor is the alleged product misrepresentations cited in class-action lawsuits against several life insurance companies. Another factor is that much of the media focus today is centered around individuals living much longer than previous generations and the resulting need to adequately … Read Full Post
Our November monthly newsletter is out and we highlight Annuities, Umbrella Coverages and Homeowners Policies & Jewelry. Annuities: A Guaranteed, Safe, and Reliable Investment Option Financial markets have a tendency to capriciously fluctuate with little predictability. Meanwhile, due to the fact that annuity income is considered guaranteed, safe, and reliable, it can provide greater financial stability for one’s retirement years. For those unfamiliar with annuities, these are contracts between an insurance provider and yourself. You agree to fund the annuity. It can be funded with a lump sum of money that you might have or through a regular payment to … Read Full Post
