jennifer Mar, 05, 2021

• Life Insurance

Among the many riders offered, the popular ones are term rider, critical illness rider, waiver of premium rider, and accidental death benefit rider. These riders are add-ons to the primary policy, which offers additional benefits over and above the policy. With these add-ons, policyholders can maximize their benefits to suit their specific needs. Note that, these riders come into play only in case of a specific event. Source

jennifer

• Life Insurance

A foreign national is a person who is a U.S. citizen who lives outside the U.S. full time or a citizen of another country residing in or traveling to the U.S. As a foreign national, you can still get U.S.-based life insurance if you meet certain criteria. Here’s what you need to know if you’re thinking about buying a policy. U.S. And Global Financials The insurance company will want to know what your current ties…

jennifer

• Life Insurance

As insurance companies take over corporate pensions, advocates are concerned about risks to retirees. How safe is your pension? As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency. While risks associated with underfunded pensions for state and local government employees have been known for years, a new concern has arisen, pension rights advocates say. It centers on the growing trend of insurance companies taking over pensions for employees of private…

jennifer

• Life Insurance

You can borrow against next week with a payday loan and against next month with a credit card. You can even borrow against your own retirement with a 401(k) loan. What about a life insurance loan? Well, it won’t affect your afterlife, but your heirs might not appreciate it. If you can get past that inconvenience, a life insurance loan may be a workable option for fast, emergency cash. According to an insurance report from…

jennifer

• Life Insurance

When insurance company AIG—which was considered “too big to fail”—was on the brink of failure during the Great Recession, the U.S. government stepped in to bail out the company in 2008. Bailouts like that don’t happen every day, though. In fact, you probably shouldn’t count on Uncle Sam saving your insurance company if its finances take a nosedive. However, you’re not totally out of luck if your insurer goes under. The states regulate insurers, and…

jennifer

• Life Insurance

If you’re just starting the process of shopping for life insurance, you may be feeling a little overwhelmed. Thinking about your priorities can help set you on the right track. The main factors to consider when shopping for life insurance include what kind of policy is best for you, how much coverage you need and why, what life insurance company to use, and how life insurance will further your overall financial strategy. These are big…