I also had $250,000 term life insurance policy during this period. Seven years into the 10-year term, I just could not rationalize making the policy premiums. I needed that money for other bills. For me, it was more important to pay for my son’s college tuition than the term life insurance policy. It was not an easy decision as I consider myself a very responsible person.
Posts related to life insurance, term, whole life, burial, final expense, if you need it.
California Insurance Commissioner Dave Jones announced that his office, along with other states, have reached an agreement with ING over the misuse of the Death Master File. This follows after similar agreements were reached with other carriers earlier this year. ING has agreed to pay $10.7 million to insurance regulators.
The actions of AIG amount to elder abuse. They depict the slimiest business practices possible with a product pitched to protect families: life insurance.
What life insurance agent would help a drug dealer or terrorist launder money? It’s not as if you actually know the nefarious intent of your client.
Then, there are those who head off to work, putting themselves in harms ways or working a high-risk job on a daily basis.
Final expense insurance plans are generally whole life policies with death benefit amounts from $2,500 to $25,000 and issued between the ages of 50 – 80.
One afternoon I was with my ‘Sales Leader’ working with a couple applying for health insurance, when I noticed that we were missing a document. I started to excuse myself to go out to the car and retrieve it. The ‘Sales Leader’ shot me a look, raised his hand and said in a whispered voice, […]