Experience, Expertise, and Convenience

After we help you find the best life insurance policy to fit your needs, regardless if it is term, universal or whole life insurance. Insurance Shoppers allows you to apply online in the comfort and convenience of your home or office with our assistance over the phone or email (if you like). Or, if you […]

Gender Neutral Pricing For Life Insurance?

[…] Although the Colorado law banning gender-based premiums passed in 2010 and went into effect in 2011, it only applies to health insurance. Auto and life insurance policies have long considered gender when setting premiums, and they continue to do so.

But that is not the case everywhere. In a far-reaching ruling, the European Union’s high court handed down a ruling this week banning the use of gender-based pricing for all insurance contracts and pension plans. So life insurance premiums (and premiums on all other insurance contracts and pensions) in EU countries will have to be adjusted by the end of this year to reflect unified pricing for men and women.

Given the precedent set by the Colorado law regarding health insurance and now a large international ruling from the EU, it will be interesting to see if we eventually end up with gender neutral pricing for life insurance as well. Time will tell.

Do You Need Life Insurance If You Don’t Have Kids?

[…] If you don’t have children, your need for basic life insurance is going to be considerably less than it would be if you did have children. But a small term policy might be the perfect way to provide a cushion for an adult who relies on you emotionally and/or financially, even if that person is technically capable of supporting him or herself entirely. Life insurance is about peace of mind and creating the sort of life you would like for those who are left behind. With no life insurance proceeds, a surviving spouse might have to struggle to make ends meet, sell the house, or work extra hours during an emotionally wrenching time in order to pay the bills. A small life insurance policy could be the thing that makes the financial aspect of the whole situation easier to bear.

126th Cavalcade Of Risk

Welcome to the 126th Cavalcade of Risk, where we’re showcasing the best in risk-related writing from around the web. As a primary risk-management tool, insurance in all of its various forms tends to show up a lot of the posts, but there’s something for everyone here, so dig in…

Increasing Premiums For Universal Life Insurance

[…] In a reminder that Universal Life insurance (a form of permanent life insurance) premiums are not fixed, a recent class action lawsuit in CA ended with a federal judge ruling that Conseco Life Insurance Co. cannot triple premiums for 50,000 policy holders who have had their policies since the late 80s and early 90s. The courts got involved because the proposed premium increases were so significant, but the complexities of universal life insurance include a lot of flexibility in terms of premiums. […]

Viatical Settlements – Buy At Your Own Risk

This Wall Street Journal article from last week reminds me of the advice we hear about things that sound too good to be true. Viatical settlements or “life settlements” are arrangements in which investors (or intermediary companies) purchase existing life insurance policies from people who they think (hope?) will die within the next few years. The investors then continue to pay the premiums on the policies until the original policy owner dies. […]

Disability And Long Term Care Riders On Life Insurance Policies

One of the advantages of permanent life insurance is that there are all sorts of riders that you can purchase along with the policy. Two that could be particularly useful are available through The Hartford: The LifeAccess rider and the Disability Access rider. The LifeAccess rider aims to take the place of a long term care insurance policy for people who have life insurance but not a separate long term care policy. The Disability Access rider provides a safety net for people who don’t have short term disability insurance coverage (the rider does not provide long term disability coverage). […]

Term Life Insurance Sales Lower In Second Quarter

[…] Term life insurance policies are a lot less expensive than permanent policies, so for people who needed to buy life insurance during the recession, term products were likely more popular. But now that the economy is showing signs of recovering, people may be more apt to purchase higher-cost permanent life insurance policies that grow cash value or include an investment component. It will be interesting to see how the numbers play out for the rest of 2010… will term life insurance policy sales bounce back, or will the growth of permanent policies continue?

What To Do With Life Insurance Proceeds

[…] A financial advisor can provide advice, but there are also lots of financial advice websites that can provide guidance for people trying to figure out what to do with any sort of windfall, including life insurance proceeds. Planning now for what you might do with life insurance money will likely make things easier if and when you find yourself receiving life insurance following the death of a loved one.

Comparing Life Insurance Options

[…] 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.