Tag: life insurance

Life insurance benefits payouts broke records at $100 billion in 2021

G. Turner
Life insurance benefits - Benefit package

Last year, insurers paid out 11 percent more than they had the year before in the United States. Life insurance benefits payouts in the United States reached $100 billion last year, reaching a record total, according to newly released data from the American Council of Life Insurers (ACLI). The increase from 2020 to 2021 represents the largest jump seen since 1918’s influenza pandemic. The amount paid out in life insurance benefits in 2021 represented a year-over-year increase of 11 percent compared to 2020. That was the largest single year hike…

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5 Types of Insurance and Why You May Need Them

Guest Author

Life has a way of throwing the unexpected at you at the worst possible time. This is where insurance comes in. When you’re paying your premiums, you may wonder sometimes whether it’s worthwhile, but when those emergencies happen, it all becomes worthwhile. The rest of the time, simply having the right policy can be important for your peace of mind. Below are a few of the types you may want to consider. Treatment Abroad Everyone knows that you need health insurance, but this can still mean high medical costs. For…

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What Gen Z Should Keep In Mind When It Comes to Insurance

Guest Author

Navigating the murky world of insurance can be intimidating at best. However, when you’re a member of Gen Z and you’re still trying to figure out the whole “adulting” thing, trying to figure out which types of insurance you need and how to get it can feel downright paralyzing.  The good news is that getting insured is probably not as complicated as you think. You just need to know how to figure out what policies are right for you. Life Insurance It can be hard to think about your own…

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5 Great Reasons to Buy Life Insurance

Guest Author

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

Guest Author

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

Logan B.
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

Guest Author

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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