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The Most Common Term Life Insurance Riders

April 14, 2013April 21, 2014 Guest Author

Life insurance is one of those things that everyone knows they should have but only a precious few of us take the time to go about getting. The immediate benefits of life insurance are obvious; it helps to protect our families and loved ones financially in case the unfortunate should happen, but what many people do not realize is that there are a number of riders that are either included in most insurance policies, or are cheap to add on that provide ample benefits. Below are four of the riders…

Life insurance maintains its importance in families with dependents

October 27, 2012April 30, 2013

The protection provided by this coverage is still an important element of financial planning. Despite the changes in the life insurance industry and the economy that continues to struggle, the coverage is maintaining its value for families that depend on the income of the policyholder. These policies provide families with a way to replace income that suddenly ceases if the earner should die. In order to take full advantage of life insurance, families should discuss the topic and make certain that they choose the form of the coverage that is…

Life insurance is being rediscovered as important to financial planning

August 25, 2012April 30, 2013

This shaky economy is encouraging consumers to take a second look at the coverage. For the last several years, the popularity of life insurance has been shrinking, reaching the lowest points that it has seen in decades, but with the state of the current economy, financial planners are beginning to turn their gaze back toward this coverage product and the security that it can offer. Though the policies should not be considered an investment, they do offer planning flexibility. To start, it should be understood that in the majority of…

Life insurance and divorce – what to do with a term policy?

July 23, 2012April 30, 2013

Many agreements require only one spouse keep up coverage. Divorce is can be a messy and complicated experience, particularly when it comes to division of assets and protecting the financial future of any children from the marriage, including the requirements for life insurance. The former spouse with primary support of the children is generally required to maintain coverage. Many divorce agreements will state that the parent who is paying alimony or child support will be required to take continue or to take out a term life insurance policy in order…

Who should buy life insurance?

May 5, 2012April 30, 2013

There is a great deal of information about these policies but consumers often wonder if it’s for them. With all of the information that is currently available about life insurance, and all of the various forms that can be purchased, it isn’t always easy to know if it will be something from which you will benefit. As with every type of product, it can be very beneficial to some people, and yet not to others. In terms of ensuring a family’s financial security, life insurance is typically considered to be…

Do children need life insurance?

March 4, 2012April 30, 2013

There is a serious debate underway regarding whether or not it is appropriate or necessary to buy life insurance policies for children, and if there is any benefit to the purchase. Those who would buy life coverage for their children do so because they feel that they are helpful financial tools that play an important role as a part of a larger savings and investment portfolio. However, others would say that for the majority of families, buying a life insurance policy for someone that young is typically wasteful, since it…

Prudential Insurance reaches settlement with Insurance Departments in seven states

February 8, 2012 Julie Campbell

Seven states have announced that they have reached a settlement with Prudential Insurance Company of America as well as a number of its affiliate companies. According to Michael Consedine, the insurance commissioner from Pennsylvania, there were concerns raised over the practices at Prudential over the death benefit payments for beneficiaries of life insurance policies following an exam performed by several states. However, he went on to say that they appreciate the willingness of Prudential to “to reach a settlement that includes changing its business practices to better locate beneficiaries. This…