What To Expect When Applying For Life Insurance

For 2012, September is Life Insurance Awareness Month. The following information is to help the consumer know what to expect when applying for life insurance. Life insurance is generally issued in three basic steps. While the level of coverage applied for, and the type of policy chosen can effect the amount of time it takes to issue the policy. This is an overview of what you should expect from the process of applying for life insurance. There...

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Life Insurance Planning

No matter the stage in life, most people understand the value of having life insurance. The tax-free passing of assets to those left behind can make a huge difference for them. What is your plan? What are your needs? Most people would like to have that whole life policy that is worth one million dollars. Not everyone needs it. Some people who need it cannot afford it. That does not necessarily mean you should go entirely without, maybe asking further questions such as, "What can I afford?" would help narrow your shopping strategy. Though...

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Long Term Care Planning

What if you or your spouse, or one of your other family members were to need ongoing non-medical care? How would it be paid for? Would your family be able to step in and give the care they need? Long term care policies can help protect assets while at the same time either give family caregivers a rest from their daily duties, or bearing the major burden of the costs associated with that care in a facility. There are a great many ways that these policies can be set up. Consult a professional with experience in the area to see what your needs...

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Annuity ABC's

Annuities offer protection and growth. The internet is so full of information, and sometimes the information is overwhelming. Here are some really concise and interesting videos explaining the advantages of annuities, what they can do, and how they work. While this link will direct you to a company-specific site, I work with a number of different companies. I always work from the perspective of what you want to accomplish with your money, then...

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Life Insurance Myth #2: I do not qualify

Life insurance coverage is not for you. It is ultimately for the good of your beneficiary (or beneficiaries). Many people think that just because they have a certain disease they do not qualify for life insurance. I have met many people in Marion County who thought this way. The truth is less black and white than grey. This is one of the many reasons to find a reputable life insurance professional to help find the right policy for you. Life insurance policies are much like a set of screwdrivers: Each tool serves its own purpose. Why Health...

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Annuities: What to Look For

When I ran across this humorous take on brokers typical attitudes toward annuities, I had to post it. For most people 60 and older being in the stock market is not such a good idea. People in, or nearing retirement should be looking to guard the assets they currently have while avoiding risk. The bottom line is that a 10% loss is not the same as a 10% gain. The older you are, the less time you have to make that loss up. I deal exclusively in the fixed, and fixed-indexed market. If you are looking for more risk (for example, if you are younger),...

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Life Insurance Myth #1: Cash Value

Speaking with as many people here in the Ocala area as I do about life insurance, there are several myths that come up very frequently. These myths are deceptive on a number of levels, and can actually end up hurting you, and/or your beneficiaries if care is not taken to ensure your actual position. In order to better understand these myths, let's start with the very basics of how life insurance works. While there are several types of life insurance, not all of them accumulate cash value. If you are not sure what type of policy you have, it is...

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