Guaranty Association Benefits Company

Not so, according to a poll of Guardian Life. The survey showed that consumers under 40 opt for whole life insurance over other types of policies because of their desire to be financially secure.

The survey showed that 35 percent of respondents under 40 also prefer to pay their premiums as fast as possible to the traditional life in payment schedule. The No. 1 motivator (72 percent for those under 40) to purchase whole life was the desire to protect their families. Reason # 2 for all age groups was the guaranteed cash value of any life.

The under 40 also said they had considered mutual funds, CDs, stocks and other life products before opting for life, with 54 percent see all life as a reliable retirement income supplement.

Maybe now is the right time for you to review your insurance and financial portfolio to include whole life insurance as one of your security choices, security and guarantees.

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1. Review your beneficiaries 'life insurance
   .
   too often, people buy life insurance, and leave the political sit there year after year without review that they have designated as beneficiary of the policy. A review of the beneficiaries is crucial because, after all, what good is life insurance if the death benefit will not be used by those who need it most? Situations that require a change of beneficiary are (among others!):
   • a change in marital status
   • one of your recipients is gone
   • you had more children

   It is equally important that you not only selected the main beneficiary okay, but make sure your secondary beneficiaries are labeled correctly so.

2. Make sure you have enough life insurance coverage.
   
   Life insurance exists to help you protect your family financially if you were in the picture. This protection tends to change over time. You may have been significant lifestyle changes have or had additions or subtractions to your family. Or, you might have had wage increases in recent years, providing your family with an increase in living standards. Remember, it is a good rule of thumb to make a cover that is 10 to 15 times your net income. If you purchased a policy a few years ago, the current amount of life insurance coverage could be your family to a loss if you do not address these changes. If you're not sure how much life insurance you may need, start by using life insurance to the nonprofit LIFE Foundation Calculator needs.
3. Find out if you can save money on your life insurance policy.
   
   Look carefully underwriting class if you have anything less than the best rates on your policy. If you have been "evaluated" for health reasons (which means you pay the rate due to a higher health status), you can now qualify for much better life insurance rates if the condition is now under control or has existed for a long time. This is especially true if you are a smoker, had any type of cancer, lost weight or got your blood pressure or cholesterol under control.

   As you can see, there are several things you can do to make sure you have all your ducks in a row when it comes to your life insurance. Taking 10 to 15 minutes to review your existing coverage, you make sure that your family is well covered.

William Rowan is the founder of eTermLifeInsurance.net, a site-oriented term consumer education for life insurance and comparison. His only goal is for consumers to find the best life insurance policy for their individual situation.

What would happen if you were to know that you have had cancer six months from now, you did not have coverage of Health Insurance? Imagine that you went to your doctor for your annual review feel good, and you said that the cancer. It is expensive, but definitely treatable. The cost for the duration of the treatment is $ 375,000, since you do not have a health insurance policy. Would you be able to write the check without blinking? Would you be able to work comfortably on a repayment schedule with the hospital and assume payments of what would essentially be a monthly mortgage extra payment? If the answer to any of these questions is no, then you need a comprehensive health insurance policy, do not you think?

What would happen to your spouse and children if you were to have a car accident six months from now die instantly without any coverage for life insurance? Imagine that your spouse is able to obtain or maintain his / her work and find arrangements for the care of children while working full time. Does your spouse easily be able to afford the mortgage payment? What about pay auto loans? What to pay school loans? What about paying for a child's college? If the answer to these questions is no, then you need a life insurance policy, do not you think?

What would happen to your budget and the budgets of your family if you were to choose to go without a long -term care insurance, but years from now you end up having long-term care needs at a cost of $ 50,000 + per year? Imagine that you are in a situation where you absolutely must have specialized care, but you only have the funds available for a few months without payments decimate your retirement funds. Your health comes first is what would you do? If your budget is not able to manage the cost, and you could not bear to have a family member to pay for you (if they even have), then you need an insurance policy of long-term care, do you think?

Joel Ohman is a certified financial planner and founder of CarInsuranceComparison.com and has a life insurance agency and disease based in Tampa, Florida.

In the world of long term care insurance, it seems like a broken record when it comes to the press: we will report what is wrong and what does not work, as this time online article. I guess if you take a broader look, which is what happens in all areas of life. Negative seems sell more newspapers (or get more eyeballs online).

I do not want to emphasize this part. I tried to balance a side information about long term care insurance that appears in the press in the posts on this blog, as when I addressed the hue and cry about the premium increase. Instead, I want people to hear what works specifically on long-term care insurance 11 million reasons distributed throughout the country.

Nearly $ 11 million that is how the top 10 long term care insurers pay on every day benefits to 5.75 million customers, according to a new study by the American Association for long term care insurance (AALTCI). This adds to nearly $ 4 billion a year in money that goes into communities across the country to help people get long-term care they need.

Sometimes the numbers that large can make your head spin, so I'll make it personal to you. I have a colleague, Dave, who made a comprehensive financial planning for many years. Because he was not an expert in long term care insurance, he came to my aid. I helped Dave place long-term from nine households care insurance to many of them friends and neighbors. To date, seven customers have achieved their long-term care benefits. And there is not too long, Dave, now 85, called me to tell me it was time for me to help him with his request so that his wife has Alzheimer's disease. Two million of long-term care benefits sank in the neighborhood and the community of Dave because he helped plan every eventuality customers.

These are some of the numbers I wish the press would report. Until they do, however, I will continue to write and talk about them.

Researchers tell us that the age of the intended retirement for American workers increases and people planning to work longer, as opposed to saving more.

Mathew researchers Greenwald & Associates, Inc. and the Employee Benefit Research Institute reported that only 68% of American workers said they or a spouse had tried to save for retirement , down from 75% in 09. the percentage of workers who said that it is reasonably possible for them to save $ 25 a week for retirement fell to 62% from 66% in 04.

only $ 100 a month or $ 1,0 per year. At this low rate, these workers do not expect to be retired for long. The percentage of workers who expect to retire after 65 years increased to 36% from 25% in 06, and the percentage who expect to work in retirement has increased to 74% from last year. The researchers found that workers with less than $ 100,000 in savings are especially nervous about retirement.

This is a truly incredible number of this research. More than half of workers (56%) indicated that the total value of savings and investments in their household, excluding the value of their primary residence and any defined benefit plans, was less than 25 $ 000, and only 42% of workers said they or their spouses have tried to calculate how much money they might need to save to live comfortably in retirement.

Although the report does not give income range of people involved in the study, I found the lack of understanding and preparation for the shocking retirement. As an industry involved in financial and retirement planning, we must do a better job of providing financial literacy to guide people in these decisions and to motivate them to take action. This is the purpose of the LIFE Foundation.