Tag: financial planning

How to buy life insurance and broach the topic of death

Julie Campbell
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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ASIAN WOMEN TRAIL MEN IN PLANNING FOR RETIREMENT

Guest Author

Men are taking the lead in decision-making across most aspects of financial planning, according to HSBC’s latest report: The Future of Retirement: Why family matters. Conducted by Cicero Consulting across over 17,000 people in 17 countries, with more than 7,300 from Asia, HSBC’s survey explores changing attitudes towards retirement and financial planning. Sixty-eight per cent of Asian men and 65% of men worldwide say they make all or most of the financial decisions in the household, compared to 58% and 53% of women in Asia and globally, respectively. The only…

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Americans with life insurance feel their beneficiaries are capable of making a claim

Marc

The results of a survey by Nationwide Financial Services, Inc. has shown that 70 percent of policyholders of life insurance feel confident that the beneficiaries of the coverage would be capable of filing the claim when the time comes, and that the majority of those policyholders have made an effort to assist in the necessary preparation. The survey’s outcomes were released for Life Insurance Awareness Month, which is September. According to Nationwide Financial’s senior vice president of Individual Protection, Peter Golato, families can obtain financial security and stability from life…

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Most Asset Based Long-Term Care Purchases Are Over Age 65 – Two Thirds Of New Single-Pay Life+LTC Policy Sales Are Over $100,000

Guest Author

The sale of asset-based long-term care insurance protection grew significantly according to research by the American Association for Long-Term Care Insurance (www.aaltci.org) the national trade organization. According to data gathered from the industry’s leading insurers, premium in 2010 increased 79 percent compared to the prior year. The number of covered lives increased 83 percent. “Asset based or linked products are experiencing growth as they are highly suitable for a very specific consumer,” states Jesse Slome, AALTCI’s executive director. “Financial planners and investment professionals who may not like the more complex…

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Survey shows financial plans should include insurance

According to a Saybrus Partners survey, just under half of the American adults who have received professional financial advising and who have a financial plan have ever addressed the issue of including life insurance as a part of their portfolio. Saybrus Partners is a Hartford, Connecticut-based life insurance partnership company. Among the survey participants who said that they had talked with their financial advisors about life insurance, 15 percent said that the discussion was held over a decade ago. An additional 40 percent had talked about it within the last…

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