Daffodil Day is about raising the public’s awareness of Cancer and donating to the Cancer Society.
For us life insurance guys, cancer is always top of mind, because cancer is such a significant disease and one that many people insure for.
Insurance won’t stop you getting cancer, unfortunately. But it can help to make your life easier or the lives of your family and dependants. People take out life insurance so that if they die from cancer, their family can survive financially. Some people also take out Serious Illness (or Critical Illness) cover which pays them a cash lump sum, tax free, in the event that they contract and survive cancer. The
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I watch TV when I work. Well, I really do not watch TV, but I have it on in the background for noise. I usually watch a news or history channel, and I do notice the commercials. During the day, they frequently have an ad with a nice looking retired couple who are discussing senior life or final expense insurance. Since I see so many ads for this product, I figured that it was something that people are concerned about.
When we are younger and taking care of kids or paying off a house, we are told to buy term life insurance.
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Boomer Market Advisor recently published some interesting statistics pertaining to women and retirement planning. According to the Pew Research Center, 52 percent of adults between the ages of 50 to 64 who are employed full time have thought about delaying retirement, with 6 in 10 women in this group reconsidering when they will retire compared to 45 percent of the men.
An even scarier trend, according to the Women’s Institute for a Secure Retirement, is that nearly 40 percent of women living alone depend on Social Security for almost all their income, and more than 50 percent would be living in poverty if it were not for their Social Security benefits.
The sad fact is that not enough people, especially women, are taking advantage of the planning and retirement products available through the professional insurance adviser. M
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Some insurance companies are criticized because it’s not always clear how your premiums are used nor how the value of your policy is calculated. At a state level, insurance departments and commissioners do their best to protect your interests, but the majority of consumers are not well protected. This is less important with term insurance, but whole life and universal life policies have an investment element that slowly builds up and gives you a cash value in addition to the minimum guaranteed death benefits. Getting the most out of these more expensive policies is important.
Note that, unlike “ordinary” policies, cash-value policies do not lapse if you stop paying the premiums. Once Full Article…
Manulife slashed half of their term insurance rates and that doesn’t mean fine tuning.
Thanks to the economic climate, Manulife is counting on the fact that fewer applicants will be buying permanent plans and more people will be turning to term plans to solve their insurance needs.
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According to InformationWeek, a federal grand jury has indicted an alleged hacker for hacking into computers belonging to retail and financial companies and stealing more than 130 million credit and debit cards.
Albert Gonzales and two unidentified co-conspirators located in or near Russia, have been charged with attacking corporate computer networks, which resulted in the largest data breach indictment ever brought in the United States.
“This investigation marks the continued success of law enforcement in tracking down cutting edge hacking schemes committed by hackers working together across the globe,” said Acting U.S. Att
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