Cheapest Life Insurance

What Are Supplemental Life Insurance Options?

February 9th, 2010

Obtaining life insurance offers huge benefits, including the security of knowing that once you’ve passed on you can leave your family with financial stability. Recent studies show that life insurance is such an important asset that consumers have been willing to purchase or maintain their coverage despite the recession.

But what many policyholders don’t know is that there are supplemental life insurance options available that can enhance the existing policy.

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Group Insurance Controlling Drug Care Costs

February 9th, 2010

Drug costs are on this rise, According to an article in the Globe and Mail, government subsidy has tripled and the public cost has doubled. Good thing drug plans are the most significant cost component of a group insurance plan.

The following four variables can help control the cost of drug plans and keep your company’s group premiums in check:

1. The deductible - Employers and employees can share some of the cost.

2. Co-insurance – Different drugs or drug groups can be reimbursed at different percentages to help control costs.

3. Exclusion -  Certain drugs or classes of specific drugs can be excluded.

4.

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The Nanny — Nazi — State (The original & my responce)?

February 4th, 2010

Willys cynical thought for the day;

In my web research, Declaration of Independence, etc., I have yet to find where the government says they’ll be my freaking mommy! So you goddamn politicians stay the hell out of my life and pockets AZZHOLES!

The Nanny State (I got this in a Biker email rag)

Worrying about bacteria, New Jersey banned restaurants from serving eggs sunny side up. The ban has since been lifted. Some New Jersey localities have a ban on people pumping their own gasoline. Policemen issue citations for driving without a seatbelt. By law new cars must be equipped with air bags. Federal law mandates that all new toilets flush using a paltry 1.6 gallons of water. G

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Life Insurance Beneficiary Designations

February 3rd, 2010

Life insurance beneficiary designation can either be revocable or
irrevocable.

A revocable beneficiary can be changed by the owner of the policy without the signature of the beneficiary. An irrevocable beneficiary gives the beneficiary extra ordinary powers, so that policy changes can only be made with the signatures of the owner of the policy and the beneficiary.

A revocable beneficiary can be changed by the owner of the policy without the signature of the beneficiary. An irrevocable beneficiary means policy changes can only be made with the signatures of the owner of the policy and the beneficiary.

This is a very important distinction and because of this, irrevocable beneficiaries are often included as part of a divorce settlement.

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Study Shows Life Insurance Customers Value Their Policies

January 31st, 2010

A December 2009 study from Prudential Financial, Inc. found that despite (and due to) insecurities related to finances, Americans have a growing interest in financial products that offer guarantees. Among those financial products, life insurance polices are particularly popular, that’s according to the life insurer’s study, Life Insurance – A Guarantee in Uncertain Times.

Facts from the Study

The study shows that respondents feel fairly confident about products with guarantees. In fact:

70 percent believe products with guarantees are worth the cost. 94 percent who own life insurance policies value the guarantee it provides. Full Article…

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