When it comes to making use of your money, life insurance is often the last thing on your mind. The truth is that most people dread purchasing life insurance. These kinds of policies carry an uncomfortable connotation: best-case scenario, life insurance is just one more bill you pay, but the worst-case scenario is that you’re dead and your family is… Read more →
Life Insurance and Taxes
Unfortunately for many, the tax deadline is approaching. Full of complexity and difficult-to-read text, tax season has innumerable individuals banging their heads against the wall in frustration. It brings with it added work; but hopefully it brings with it a positive return as well. You may be asking yourself how tax season pertains to your life insurance policy and whether or… Read more →
Term vs Whole Life Insurance
Life insurance is incredibly important when it comes to making sure our loved ones are left behind in safe hands in the wake of our death. However, the nuances between the varierty of insurances available can often make one’s head spin. It is for this reason that I will address some of these nuances in an attempt to make the… Read more →
AIG Fights For Its Life Insurance
AIG (American International Group) has been embroiled in a court case with their life insurance company, Coventry First, since last week. Stating that Coventry has been overcharging them for years, AIG is seeking reparations in the amount of $1.76 billion for damages, and the potential harm visited on the accounts of elderly employees. Accusing Coventry First of not only artificially… Read more →
The Truth Behind Life Settlments
Life Settlements As people age, life changes, and so does your need for a life insurance policy. Usually taken out at a time where one hopes to protect their spouse, and/or their growing families, or perhaps to help make mortgage payments, the need for said protections disappear as time goes on. Children grow into adults, mortgages are paid off, spouses… Read more →