Free Insurance Guide

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.

Read more…

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…

Sun Life Financial Inc., a Canadian company with a large presence in Wellesley, said it is debuting Sun Care Whole Life, a single premium whole life insurance policy with a linked benefit that owners can apply to long-term care costs, including costs for in-home care, assisted living, and nursing home facilities.

In a press release, Sun Life cited government data that indicates that 70 percent of people over 65 will eventually need long-term care, often for daily activities such as eating, bathing, or getting dressed.

Sun Care Whole Life “may provide a long-term care benefit equivalent to as much as three to seven times the value of the policy owner’s single premium, depending on factors such as the riders selected, age, gender, and smoking status,” Sun Life said.
Read more…

When a person asks you the benefits of life insurance, the first thing that would most likely come to your mind is the death benefit. In the case of Term Life Insurance, death benefit is the only thing it has to offer. However, with whole life insurance, there are actually living benefits apart from death benefit. There are advantages of whole life insurance policies which are made available to you when you are alive as long as you pay the premiums, which are set at a fixed rate.

Then you might ask, what are the advantages of all life insurance? One of it includes that your annual costs, the premiums, do not increase over time. Read more…

Deciding what type of life insurance to purchase can be challenging to those who want to make sure they buy the very best coverage for their family. The two main types of coverage to purchase are term and permanent. Which is the best choice for you? Since making the right choice depends on your circumstances, lets take a closer look at how you might decide.

The Difference between Term and Permanent Insurance

First lets take a look the two types of coverage. Term life insurance is a predetermined sum of money people pay to cover their death if occurs during the specified period of time.

Read more…