Life insurance sales placed in suspension at Genworth Financial

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As the firm enters into restructuring plans, it has now ceased the sale of those policies until further notice. Genworth Financial Inc. has now announced the suspension of some of its life insurance product sales, after having posted a Q4 loss for 2015, which meant that it had continued to lose money throughout every quarter of that year. The company is now entering into restructuring plans in order to overcome its considerable financial challenges. As a result of this announcement and as the insurer begins the planning for its restructuring,…

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A New Year and a Happy Financial Plan!

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January is a peak time for most Americans to take time to reflect on their previous year and what they were able to accomplish. Sometimes it’s a good review, and sometimes it isn’t so pleasant. Care to share what things jump off the page from your 2013?  If you’re like most others, the New Year also brings out the willpower for a New You! Goals are set and new habits are formed, from diets and personal life changes to maybe a career change in your professional life. In either case,…

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Life insurance maintains its importance in families with dependents

Life Insurance buying tips

The protection provided by this coverage is still an important element of financial planning. Despite the changes in the life insurance industry and the economy that continues to struggle, the coverage is maintaining its value for families that depend on the income of the policyholder. These policies provide families with a way to replace income that suddenly ceases if the earner should die. In order to take full advantage of life insurance, families should discuss the topic and make certain that they choose the form of the coverage that is…

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Life insurance policies are frequently unclaimed

Life insurance

Policyholders are being advised to take care when naming their beneficiaries. Over the last while, concerns have been growing over the number of life insurance companies that are not paying off the policies to beneficiaries when the policyholders die. The problem is that many beneficiaries don’t realize that they hold this position. Many consumers are failing to tell their loved ones when they take out a life insurance policy or don’t tell them that they are the beneficiaries. This makes it far more challenging for the insurers to make sure…

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How to buy life insurance and broach the topic of death

Life Insurance

Though most people will reach the point that they’d like to consider coverage, knowing how to talk about the subject of death and how to buy life insurance isn’t always an obvious thing to do. After all, the process of trying to assign a financial value to a person’s life is not exactly a comfortable topic. However, what must be kept in mind is that this form over coverage is not designed to reduce the mourning and grief that will occur when a loved one has died, but it is…

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