5 Great Reasons to Buy Life Insurance

Buying Life Insurance

If you are young, healthy, and single, do you need life insurance? Maybe not, but as soon as you are in a relationship with someone else or have a child, things change. Purchasing a life insurance policy can be one of the most important things that you do for your loved ones. Protect Your Dependents One of the main reasons to get life insurance is to protect your dependents. If anything happens to you, a life insurance policy is one of the considerations for end of life planning and can…

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Insurance Considerations for End-of-Life Planning

End of life plane - will

End-of-life planning does not only consist of decisions that family members can make once they pass away. End-of-life planning involves scenarios that many people can find themselves in but don’t necessarily plan for ahead of time. One example is succumbing to a coma. Let’s say a grandmother suffers a terrible fall in her home, and while being transported to the hospital, she falls into a coma.  Because she is unresponsive, how should the physician proceed? Do her children want her removed from life support after a certain amount of time?…

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International Monetary Fund warns of rising life insurance rates

Life insurance rates - Breaking News

The IMF cautioned that if a sharp bond yield rise occurs, then insurers may be forced to liquidate investments. Life insurance rates are on the cusp of a huge spike if there is a sudden rise in bond yields, leading to an extreme circumstance that could lead insurers to liquidate as much as $1 trillion in investments in the United States and Europe, according to a warning from the International Monetary Fund (IMF). The IMF released this caution in its Global Financial Stability Report. According to the IMF in the…

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Life Insurance and Alcohol: What You Need to Know

Life Insurance and Alcohol What You Need to Know

If you have had issues with alcohol that are on record with either your health, driving or legal records, your insurance rates and options may be affected. Questions on your life insurance question specifically cover alcohol use because alcohol abuse can cause health issues. What should you know about the relationship that exists between life insurance and alcohol? Today, take some time to get a better understanding of this issue. How Could Alcohol Affect Your Life Insurance? Whether or not you have been diagnosed with alcoholism or specific alcohol-related medical…

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Michigan Senate adopts Life Insurance Awareness Month resolution

Life Insurance Awareness Month - Michigan Flag

Sponsored by Senator Lana Theis, it recognizes September as a time to learn about the benefits. The Michigan state senate has adopted a Life Insurance Awareness Month resolution sponsored by Senator Lana Theis. The resolution recognizes September as the time for state residents to learn about policies. Michigan’s Senate recognized September as Life Insurance Awareness Month, a time in which residents are encouraged to learn about these policies, their premiums, and the way in which their families may benefit in case the worst should happen. The goal is to help…

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Getting Life Insurance for Your Family’s Sake

Getting Life Insurance for Your Family’s Sake

There are all kinds of insurance you can get. Generally, there are no laws stipulating that you get any of them. There are a few exceptions, such as minimal insurance policies you require to drive a car in some states, along with your driver’s license and registration. Because you don’t have a legal requirement to get most insurance types, you can try to get along without them. However, doing so can prove to be disastrous very quickly. For instance, you can injure yourself, and if you don’t have health insurance,…

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3 Large Life Purchases That Require Forethought

3 Large Life Purchases That Require Forethought

Even the things in life that are assumed still require some forethought. Often thinking ahead is something that can also enrich your overall experience since you have given yourself and anyone else involved time to weigh pros and cons, and also save money if needed. Acting on impulse can be exciting sometimes but for some of life’s larger events you might have regret if you simply act on adrenaline. Like anything, finding a balance between impulse and planning is going to yield results that suit your bigger picture as well…

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