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Getting life insurance coverage is a great approach towards protecting your family in case of hapless eventualities like terminal illnesses or even bereavement. If you are well prepared ahead of time for these unforeseen and in case of death inevitable circumstances, you are rest assured the your mortgage will be paid off, your kids tuition will be taken care of and generally your other expenses are going to be covered depending on the agreement of the type policy you choose. The life insurance coverage provides an assurance that in the event of a misfortune, your family’s welfare is in safe hands.

Buying life insurance at a younger age translates to paying lower amount of premium since the risk factors like health are lower. I Read more…

02/14/12

According to a recently conducted survey by the LIFE Foundation, just 2 percent of American adults reported they planned to purchase life insurance in the next 30 days, but when those surveyed were told they only had 30 days to live, the number increased to 62 percent.

Americans usually avoid securing a life insurance policy because they believe they will have time to purchase it in the future, but a tragedy could happen at any time.

“The reality that millions of Americans refuse to admit is that its never a question of if they will die, but when that day will come,” said Marvin Feldman, president and CEO of the LIFE Foundation.

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02/08/12

According to the MIB Life Index, applications for individually underwritten life insurance in the United States showed stability in 2011.

The MIB Life Index has now shown stability three years in a row compared with five years ago, when the industry saw year-over-year decreases.

“The stability that its shown in this difficult economy bodes well for the industry, as its an affirmation that people really recognize a need for life insurance,” said Lee Oliphant, CEO and president of MIB Group.

A strong December in which figures were up 5.8 percent year-over-year contributed to statistics showing positive numbers. With the number of seniors increasing in the U.S.

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S&P announced in a report this week that it would be maintaining its stable outlook for the U.S. life insurance industry. This announcement should help insurers breathe a sigh of relief after the credit ratings agency announced that it issued credit rating downgrades for multiple banks on Tuesday.

Life Insurance Industry Classified as Stable

S&P, New York, published a report this week called U.S.

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WINDSOR, Conn. and ARLINGTON, Va., July 27, 2011 /PRNewswire/ — It has long been said that life insurance is a product that is sold, not bought. Yet a new study finds that Americans’ preferences for purchasing life insurance are shifting towards direct buying methods. While two thirds of consumers (64 percent) still prefer to buy life insurance from an insurance or financial professional, that number is down from 1996, when 8 in 10 (80 percent) preferred to buy the product face-to-face. Today, more than one in four adults (26 percent) prefer to purchase life insurance direct via the Internet, mail or over the phone.

“‘Obviously, the Internet has fundamentally changed consumers’ buying practices over the past 15 years,” said Marvin H. Read more…