Life (Insurance) Is for the Living, Too

Did you know that many people rely on life insurance while they’re living in addition to the death benefit proceeds? About 91% of life insurance owners say they bought it to “cover burial and other final expenses,” according to the 2018 LIMRA Insurance Barometer. Yet, nearly half admit that they hope to turn to their policy’s cash value for retirement income or to pay current home expenses. (more…)

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Understanding Life Insurance Lingo Part 1: Policy Basics

Life insurance represents a key corner of the financial planning space in need of more education. Nearly three in five consumers (59%) own some form of life insurance, according to LIMRA’s 2018 Insurance Barometer Study.  Yet, common questions persist, especially over the industry’s constant use of jargon.

So, with good cause, let’s review a batch of the more frequently used life insurance terms.  (more…)

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