Posted by Matthew Reimann | Posted on 09-01-2012
The organization representing state insurance commissioners is promoting life insurance as an “overlooked” potential source of immediate funds.
Adam Hamm
“In tough economic times, people look everywhere — an IRA or 401(k), credit cards, even under their mattress — for emergency cash,” according to a National Association of Insurance Commissioners statement.
A recent NAIC survey found that 63% of consumers have life insurance, yet it is often forgotten as a source of revenue.
When thinking about everyday finances, life insurance is not top of mind for most Americans, said Adam Hamm, NAIC vice president and North Dakota insurance commissioner, in the statement. According t
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Posted by admin | Posted on 26-10-2011
As a senior citizen, it is not that difficult to obtain elderly life insurance for yourself. The key is to look hard and make comparisons before finally settling on life insurance which is suitable for you. Like all types insurance, there are many types of coverage options which might vary in suitability.
Basically, when it comes to elderly insurance coverage options, there are three main types of insurance which you can choose from. The three main types of insurance coverage for the elderly are immediate benefit burial insurance, graded benefit burial insurance and term life insurance. Read more…
Posted by Matthew Reimann | Posted on 09-10-2011
The string of three straight months of increased application activity for individually underwritten life insurance was broken in September, and an industry expert is forecasting a “rollercoaster” ride in the future.
The 3.4% slide in September not only was the worst decline in the year, but it erased most of the years gains in application activity, according to the monthly MIB Life Index. The years activity through nine months is off 0.6%, compared to the same period in 2010, despite unusual growth in the June through August numbers.
“This summer’s retrench puts the industry on track to finish the year off less than 1% year-over-year, a relatively good performance in light of a moribund economy,” said Lee B. Oliphant,
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Posted by admin | Posted on 01-07-2011
The need of a life insurance policy would be to make the family financially independent and secure during the absence of the family head. This is quite necessary when the various liabilities such as mortgages, bank loan etc. have to be paid off by the sole bread winner of the family. The security against risks to life and savings to money are major benefits of these covers. There are mainly two types namely term life and whole life insurance. The term life policy requires the payment of a fixed premium each month and the life is secured for a particular time period. Read more…
