Tag: life insurance premiums

Life insurance savings can be achieved through weight loss

Health Insurance Report on obesity

Premiums drop among policyholders with a healthy, maintained BMI. As weight plays an important role in an individual’s health, it is taken into consideration by the majority of life insurance companies and therefore becomes a factor that policyholders can often control to help to keep their premiums to a minimum. Many insurers consider weight to be an important factor to be calculated into their rates. If an individual is overweight or obese, life insurance carriers will frequently charge what is known as a “loading”, which is an amount above and…

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Life insurance is being rediscovered as important to financial planning

New York Homeowners Insurance Rules

This shaky economy is encouraging consumers to take a second look at the coverage. For the last several years, the popularity of life insurance has been shrinking, reaching the lowest points that it has seen in decades, but with the state of the current economy, financial planners are beginning to turn their gaze back toward this coverage product and the security that it can offer. Though the policies should not be considered an investment, they do offer planning flexibility. To start, it should be understood that in the majority of…

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Report shows consumers think life insurance is almost three times more costly than it is

Julie Campbell
Life insurance

A study performed by LIMRA and the LIFE Foundation has revealed many consumer misunderstandings of life insurance coverage. LIFE Foundation and LIMRA released a report based on the findings of a joint study that has shown that consumers have many misunderstandings about life insurance – such as its cost – and that this might be deterring them from seeking to obtain coverage that could be very beneficial to them. The participants in the survey were requested to provide their best guess as to how much a 20-year level-term life policy…

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What options are available for life insurance after being diagnosed with breast cancer?

Julie Campbell

Awareness, early detection, and ever-improving medical treatments are allowing a growing number of women who have received a breast cancer diagnosis to survive the disease and live long and full lives. However, due to this complication to their medical histories, it can make these breast cancer survivors assume that there won’t be any life insurance options available to them that will help to protect their families. For some, a diagnosis of breast cancer has meant a significant increase in life insurance premiums, even after treatments have been successfully completed for…

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Life Insurance Awareness Month: LIFE Foundation may have trouble convincing consumers life insurance is worthwhile

S.Vagus

September is Life Insurance Awareness month and many insurers have been launching campaigns to attract new clients. Many people often put life insurance in the back of their mind because the issue of death is both sensitive and uncomfortable. Because of the unsettling nature of the subject, a great number of people go without life insurance, justifying their decision with the intention of getting coverage in their latter years. Accidents, however, are unpredictable and life itself is notoriously fickle. Given that life can come to a sudden, unavoidable halt at…

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