Understanding Special Needs Planning Planning for the future of a loved one with special needs requires careful consideration, especially when it comes to financial security. Life insurance can play a pivotal role in ensuring that your family member receives consistent support, even in your absence. It offers a financial cushion that can cover costs related […]
Why Life Insurance? Many young adults overlook the importance of life insurance, often dismissing it as an unnecessary expense at an early age. In reality, only about a third of Gen Z and less than half of Millennials have life insurance coverage. This lack of awareness stems from common misconceptions like the belief that it’s […]
Source: Genworth’s CEO Aims for 2025 Long-Term Care Insurance Launch | ThinkAdvisor
Since November is National Long-term Care awareness month, I wanted to provide you with some valuable information on how to effectively discuss long term care with your clients. Long term care is an important topic that many individuals overlook until it becomes a pressing issue. As insurance agents, it is crucial for us to educate […]
Cash Value Life Insurance as an Investment “Cash value life insurance is a good long term investment” “Whole life insurance returns dividends in excess of seven percent” “Indexed universal life lets you accumulate money tax deferred and withdrawal at retirement time tax free” Truth or Hype The downside details that are downplayed, not mentioned, or […]
Heart attacks and life insurance Is it possible to get life insurance for someone that had a heart attack? There are now several life insurers that will make favorable offers: sometimes as good as a standard rate for life insurance. At it’s most basic, a heart attack (myocardial infarction) is when heart muscle cells become […]
Price matters, but is that all that matters? Consumers of term life make their buying decision based mainly on price, but there are a few other things to consider. With so many products similarly priced maybe consumers should look at the other features that might be important to them. Let’s look at a few features […]
Long Term Care and Chronic Illness Accelerated Benefit Riders What are these riders designed to do? These riders are designed to provide early access to the death benefit in the event that the insured is chronically ill or has severe cognitive problems. The idea is that the money can help pay for extra care. The […]
What happened to all those term policies you sold in the last 10 plus years? Term life insurance is bought more than any other life insurance. Some purchasers may only want it for the term period they selected. But many may want to continue coverage past the selected level premium period. For many purchasers this […]