Tag Archives: about life insurance think tank
what can I do with the cash in my life insurance policy can I borrow cash from my life insurance policy

What can I do with the cash in my Life Insurance Policy?

According to the U.S. Census Bureau, couples at the age of 65 have a 50% chance of living to 92 years of age. In order to have enough resources to take care of one’s medical and recreational needs advanced preparation must take place. Furthermore, many statistics indicate that 54% of Americans have less than $25,000 [...]

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return of premium life insurance policy used in divorce why buy a return of premium life insurance policy

What is Return of Premium Term Life Insurance?

With a Return of Premium (ROP) Term Life insurance policy, the insurance company will pay your beneficiaries the death benefit should you die before the end of the term.  The benefit of this type of term policy is if you outlive the term of the policy, the insurance company will return to you 100% of [...]

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70% of Americans dont understand life insurance do you understand life insurance

LIMRA: Americans Have Rudimentary Knowledge about Life Insurance

LIMRA Researchers Test Americans’ Life Insurance IQ – 70 Percent Fail Recently, LIMRA (Life Insurance and Market Research Association) provided a life insurance IQ test to 4,000 Americans to gauge their knowledge and understanding of life insurance. Less than a third (1,200) passed the 10-question exam and the majority (55 percent) answered fewer than five [...]

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Long Term Care Insurance; Are there Other Options?

When we speak to consumers, they tell us they want long-term care insurance but hate paying for something that they may never use.  Several of them have likened it to going to the dentist; something that is often necessary, but just as often avoided at all costs.  Because of the true cost of long-term care [...]

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is long term care worth paying for

What choices do I have when my Long Term Care premium increases?

The Facts As a policy holder you have several choices. Currently, 70% of the people over 65 years of age here in the USA need some type of LTC care.  According to the U.S. Census Bureau, in 2010, 66% of nursing home residents were women, and only 16% of all residents were under the age [...]

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