January 16, 2013 
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So your Term Life Insurance policy is about to expire, what happens now? There are several decisions that you need to make. The first and easiest is if you don’t need that amount of death benefit anymore, you can let the policy expire at the end of the term since it fulfilled its purpose of providing [...]
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January 15, 2013 0 Comments
1. You Don’t Buy Enough Coverage When you bought your first policy, it was to cover a specific asset or need that was in existence at that time. However, most times people forget about that first policy and never have another insurance review. That $100,000 policy isn’t going to cover the kid’s college, pay off [...]
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January 8, 2013 1 Comment
Life insurance premiums are based primarily on two factors: health and age. With the many advances in medical technology, insurance companies have begun to look at these factors in a new light. A new change in life insurance underwriting and pricing has occurred giving you the opportunity to either save money or increase the legacy [...]
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January 7, 2013 0 Comments
In a 2012 study, more than 80% of respondents cited financial reasons for not having enough life insurance coverage to meet their needs, yet they overestimated the cost of life insurance by almost three times the actual price.1 Therefore it may not be surprising that life insurance ownership is at an all-time low and those [...]
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December 17, 2012 0 Comments
Life insurance, in its simplest form, has been around for many generations. When I say simplest form, I mean a tax-free death benefit. I am quite certain that the majority of Americans believe that a tax-free death benefit is the sole purpose of life insurance. In fact, I would be willing to bet that the [...]
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December 8, 2012 1 Comment
I pay close attention to many of the polls that come out around the holidays to see what the hot gifts are for the year. Always at the top of “trendiest” gifts are the latest and greatest tech gadgets (this year things like the Imac mini and google’s version of the new tablet as well), [...]
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November 30, 2012 0 Comments
Life Insurance Education
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November 26, 2012 2 Comments
The most popular question we have been receiving over the last month is, “What is Actuarial Guideline 38 (AG 38)?” Although many consumers aren’t as familiar with the term or the definition, we are quite certain that every life insurance agency, distribution channel, and life insurance carrier have spent countless hours trying to make changes [...]
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October 25, 2012 0 Comments
Here at Life Insurance Think Tank, a question we often get is, “Do single people need life insurance”? Many Americans never prepare for things like life insurance until they get married, have their first child, or some brush with death (or a family member dying). So the answer that a recent study by WellPoint received [...]
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