[...] For some people, the benefit is worth it. But for most of us, it makes sense to buy a term policy and keep our investments separate from our life insurance. But either way, the Consumer Boomer article provides a good summary of how the various types of coverage work. If you’d like to get quotes for your particular life insurance needs, we’re be happy to help.

The first quarter of 2010 has seen an sharp increase in the number of life insurance policies purchased, compared with the first quarter of last year. It does make sense that after the economic problems of the last couple years, that people would be more focused on managing risk now than they were before the recession. Term life insurance is especially appropriate now for risk-averse clients, as it is an inexpensive way to provide financial security for one’s family, without concerns about stock market volatility. [...]

[...] For some people, the benefit is worth it. But for most of us, it makes sense to buy a term policy and keep our investments separate from our life insurance. But either way, the Consumer Boomer article provides a good summary of how the various types of coverage work. If you’d like to get quotes for your particular life insurance needs, we’re be happy to help.

[...] Permanent life insurance is a good option for some people. But if you choose to purchase it, make sure that your decision is based on independent research or advice from a qualified professional who does not have a vested interest in your decision. The premiums – and thus the commissions – are significantly higher on permanent life insurance policies; if the person advising you to opt for a permanent policy is also making a commission based on the policy you buy, you might want to get a second opinion.

[...] For some people, the benefit is worth it. But for most of us, it makes sense to buy a term policy and keep our investments separate from our life insurance. But either way, the Consumer Boomer article provides a good summary of how the various types of coverage work. If you’d like to get quotes for your particular life insurance needs, we’re be happy to help.

[...] Permanent life insurance is a good option for some people. But if you choose to purchase it, make sure that your decision is based on independent research or advice from a qualified professional who does not have a vested interest in your decision. The premiums – and thus the commissions – are significantly higher on permanent life insurance policies; if the person advising you to opt for a permanent policy is also making a commission based on the policy you buy, you might want to get a second opinion.

[...] Roy Bubbs, President and CEO of Hooper Holmes, noted that life insurance carriers spend an average of $500 to underwrite an application, and he believes that his company’s product that reduce that amount by half. My guess would be that it will also speed up the underwriting process, much as the electronic application process for health insurance policies reduced underwriting times for some policies from weeks to days over the last decade. [...]

[...] If you have life insurance through your employer, be sure you know how much coverage it provides and how far that would go. If you need to add additional life insurance coverage, a basic term policy of 20 or 30 years will probably do the trick. Premiums are based on age at issue, so the younger you are when you get your policy, the less you’ll pay for the life of the policy. And since life insurance policies are medically underwritten, the healthier you are, the better rate you’ll get. The time to make sure that your family is protected is today.