Tag: life insurance

Life insurance will be experiencing higher premiums for term policies

Julie Campbell
Life Insurance News

In an environment with low interest rates, the cost of the coverage is on its way up. According to the data that has been released by an online life insurance comparison agency, term policies are becoming more expensive and are slightly more difficult to find than they used to be. This news comes after a decade in which prices had been consistently plummeting to record lows. However, the latest research from IntelliQuote has shown that the premiums that are being quoted for term life insurance policies increased by an average…

Read More

Life insurance policy on Jessica Simpson to be split between divorcing parents

Julie Campbell
jessica simpson life insurance

The massive policy first made headlines when it was discovered that it was taken out in secret. Jessica Simpson’s father, Joe Simpson, first made life insurance headlines when it was discovered that he had taken out a major life insurance policy on his daughter. Now, that coverage will be split in the divorce between Joe and Tina Simpson. If he had intended to be able to keep the life insurance to himself, he lost that opportunity as assets are being divided in his divorce proceedings. Now that the couple has…

Read More

Life insurance often considered long term care coverage alternative in Maine

H. Cutner
Elderly selling their life insurance to get pay out

A new bill in the state could offer consumers a more affordable form of LTC coverage. Seniors living in Maine and who are reliant on the MaineCare program, which is currently strained for cash, may find that a new opportunity is opening up to help them to obtain long term care coverage – which is traditionally quite expensive – through life insurance policies, should lawmakers decide to pass a new bill. This bill does have a notable amount of support already and is currently under debate in the Legislature. The…

Read More

Life insurance based strategies for retirement could benefit from Obama IRA cap

H. Cutner
Annuities retirement strategy pennsylvania insurance commissioner

This type of planning could become more advantageous if the President’s plan moves forward. Retirement planning strategies based on life insurance could receive a considerable boost if the pitch that President Obama has made to cap IRAs at $3.4 million is able to move forward. Individuals who have a large amount of money within their retirement accounts could benefit most. The reason is that those individuals would be able to withdraw funds from those accounts, pay the taxes that would be applicable to having made the withdrawal, and then purchase…

Read More

The Most Common Term Life Insurance Riders

Guest Author
insurance benefits teacher

Life insurance is one of those things that everyone knows they should have but only a precious few of us take the time to go about getting. The immediate benefits of life insurance are obvious; it helps to protect our families and loved ones financially in case the unfortunate should happen, but what many people do not realize is that there are a number of riders that are either included in most insurance policies, or are cheap to add on that provide ample benefits. Below are four of the riders…

Read More