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Life Insurance News Blog http://life-insurance.insurepoints.com Just another insurepoints.com site Tue, 18 Aug 2015 15:41:03 +0000 en hourly 1 http://wordpress.org/?v=3.0.3 SENIOR SIGNALS: Dealing with life insurance http://life-insurance.insurepoints.com/senior-signals-dealing-with-life-insurance/ http://life-insurance.insurepoints.com/senior-signals-dealing-with-life-insurance/#comments Tue, 18 Aug 2015 15:41:03 +0000 administrator http://life-insurance.insurepoints.com/senior-signals-dealing-with-life-insurance/ News from Newbritainherald:

While term life insurance policies do not count as assets for Medicaid eligibility, the value of whole life policies (the kind that accumulate cash value) is another story.

Whole life policies have a face value and a cash value. The face value is the amount that the policy pays in the event of death of the insured. The cash value is the amount the policy is worth if the policy holder cashes it in.

If the total of the face value of all of the applicant’s whole life policies is $ 1,500 or more, most states consider the total cash value of all policies a countable asset that affects Medicaid eligibility. Consider this example: John is a widower with two grown children. He has assets of less than $ 900, not counting his whole life insurance policy with a face value of $ 5,000. In Connecticut, his assets fall within Medicaid eligibility guidelines. However, his life insurance policy has a cash value of $ 3,250. Since the face value is higher than $ 1,600, the policy’s cash value is a countable asset. John cannot qualify for Medicaid u……….. continues on Newbritainherald.

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Life Settlements Offer Alternative for Seniors Facing Unsustainable “Universal … http://life-insurance.insurepoints.com/life-settlements-offer-alternative-for-seniors-facing-unsustainable-universal/ http://life-insurance.insurepoints.com/life-settlements-offer-alternative-for-seniors-facing-unsustainable-universal/#comments Mon, 17 Aug 2015 19:53:56 +0000 administrator http://life-insurance.insurepoints.com/life-settlements-offer-alternative-for-seniors-facing-unsustainable-universal/ News from MarketWatch:

MINNEAPOLIS, Aug. 17, 2015 /PRNewswire/ — Many aging Americans are facing a significant unexpected financial challenge: Sky-high premiums for “Universal Life” insurance policies. As the Wall Street Journalrecently reported, holders of “Universal Life” policies – which were especially popular in the 1980s and are often structured to depend heavily on strong investment returns – are struggling to pay costly premiums to make up for years of low interest rates. The article recommends that policy holders “consider working with an agent to sell the policy on the life-insurance secondary market,” an option illustrated by the following case study of an actual client of life settlement provider GWG Life, LLC.

Case Study of Alternative to Unaffordab……….. continues on MarketWatch.

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Federal Life Insurance Options While Employed http://life-insurance.insurepoints.com/federal-life-insurance-options-while-employed/ http://life-insurance.insurepoints.com/federal-life-insurance-options-while-employed/#comments Tue, 28 Apr 2015 03:47:05 +0000 administrator http://life-insurance.insurepoints.com/federal-life-insurance-options-while-employed/ News from FedSmith.com:

View this article online at http://www.fedsmith.com/2015/04/27/federal-life-insurance-options-while-employed/

The Federal Employee Group Life Insurance program (FEGLI) is the largest group life insurance program in the world, covering over 4 million federal employees, retirees, and their family members. Quite a few of those covered employees don’t truly understand what they have in coverage and what their options are.  They signed up for whatever options sounded most efficient and it is common that they haven’t re-examined it since their hire date.

If a Federal Employee was hired when young, maybe he had a family or someone relying on his income. Since then things have changed and in some cases that same employee may not need as much life insurance or any at all.

In this article, I examine the four parts of FEGLI and how it affects you while worki……….. continues on FedSmith.com.

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Charges against Barway Collins’ father focus on life insurance, cellphone clues http://life-insurance.insurepoints.com/charges-against-barway-collins-father-focus-on-life-insurance-cellphone-clues/ http://life-insurance.insurepoints.com/charges-against-barway-collins-father-focus-on-life-insurance-cellphone-clues/#comments Sat, 18 Apr 2015 23:43:23 +0000 administrator http://life-insurance.insurepoints.com/charges-against-barway-collins-father-focus-on-life-insurance-cellphone-clues/ News from Minneapolis Star Tribune:

Two days before 10-year-old Barway Collins disappeared, his father had inquired about upgrading the boy’s life insurance policy, according to second-degree murder charges filed Tuesday.

At a news conference announcing the charges against Pierre Collins and identifying him as the sole suspect in his son’s death, authorities said a grand jury will be asked to look at the evidence for a possible first-degree murder indictment. Barway’s body, bound with duct tape at the hands and torso, was found Saturday in the Mississippi River in Brooklyn Center by volunteer searchers.

Collins, 33, who is being held in the Hennepin County jail on $ 2 million bail, will have his first court appearance at 1 p.m. Wednesday. The charges against him focus heavily on cellphone signals that provide a detailed account of his whereabouts on March 18, the day Barway disappeared.

“This is a tragedy,” Hennepin County Attorney Mike Freeman said at a news conference in

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Eight year long life insurance scheme ends in Portsmouth http://life-insurance.insurepoints.com/eight-year-long-life-insurance-scheme-ends-in-portsmouth/ http://life-insurance.insurepoints.com/eight-year-long-life-insurance-scheme-ends-in-portsmouth/#comments Thu, 09 Apr 2015 20:11:28 +0000 administrator http://life-insurance.insurepoints.com/eight-year-long-life-insurance-scheme-ends-in-portsmouth/ News from 13newsnow.com:

Staff, 13News Now 8:16 a.m. EDT April 9, 2015

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No Medical Exam Life Insurance Is An Advantageous Policy http://life-insurance.insurepoints.com/no-medical-exam-life-insurance-is-an-advantageous-policy/ http://life-insurance.insurepoints.com/no-medical-exam-life-insurance-is-an-advantageous-policy/#comments Wed, 08 Apr 2015 03:45:32 +0000 administrator http://life-insurance.insurepoints.com/no-medical-exam-life-insurance-is-an-advantageous-policy/ News from Insurance News Net:

(PRWEB) April 07, 2015

Affordablelifeinsurances.net has released a new blog post explaining the benefits of having no medical exam life insurance.

No medical exam life insurance is a simple yet efficient policy or covering funeral expenses. Life insurance that does not require medical examinations can be purchased by senior citizens and by people who have health problems. Because of this, it is one of the most accessible policies on the market.

No medical exam life insurance plans have a simplified application process. Clients can qualify for a policy simply by completing an application process. A policy will be issued in less than 24 hours.

Clients can compare no medical exam life insurance pla……….. continues on Insurance News Net.

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Need a life insurance expert? This firm can help in 8 ways http://life-insurance.insurepoints.com/need-a-life-insurance-expert-this-firm-can-help-in-8-ways/ http://life-insurance.insurepoints.com/need-a-life-insurance-expert-this-firm-can-help-in-8-ways/#comments Sun, 05 Apr 2015 16:18:05 +0000 administrator http://life-insurance.insurepoints.com/need-a-life-insurance-expert-this-firm-can-help-in-8-ways/ News from LifeHealthPro:
Saybrus Partners assists non-traditional producers make life insurance products and planning a part of their business.

Consumers and business people turn to financial advisors at financial advisory firms, broker-dealers, wirehouses and banks to manage their investment portfolios. But many of these financial professionals have an Achilles Heel: They lack expertise in life insurance products and life insurance-funded planning their clients need. Enter Saybrus Partners, a five-year-old company whose consultants help advisors fulfill these needs with insurance solutions for basic protection, as well for income, estate and business planning. To learn more about the company, LifeHealthPro Senior Editor Warren S. Hersch recently interviewed Kevin Kimbrough, the companys principal of national sales. The following are excerpts.

Hersch: How has Saybrus Partners positioned itself in the life insurance space? What’s the company’s niche?

Kimbrough: I describe……….. continues on LifeHealthPro.

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Why Seniors Lose $112 Billion in Life Insurance Benefits Every Year http://life-insurance.insurepoints.com/why-seniors-lose-112-billion-in-life-insurance-benefits-every-year/ http://life-insurance.insurepoints.com/why-seniors-lose-112-billion-in-life-insurance-benefits-every-year/#comments Sat, 04 Apr 2015 20:21:19 +0000 administrator http://life-insurance.insurepoints.com/why-seniors-lose-112-billion-in-life-insurance-benefits-every-year/ News from Motley Fool:

Many Americans fear running out of money more than they fear death — which makes it extra sad that they’re leaving money on the table. (Abel, dying, by Jean-Baptiste Stouf)

There’s been a distressing story in the financial media lately: American seniors are apparently leaving $ 112 billion in life-insurance benefits on the table each year. That’s certainly not great news, but it isn’t and doesn’t have to be as bad as it sounds.

In a nutshell
Let’s back up and review the facts. Several surveys in recent years have offered similar information. Most recently, the folks at the Life Insurance Settlement Association released survey results finding that Americans aged 65 and older give up about $ 112 billion in life insurance benefits each year, either by surrendering their policies or by simply letting them lapse, resulting in the policies being terminated. The numbers reflect more than 1.1 million policies and are based on data from 2008. It’s estimated that current numbers would be even higher.

It’s not terribly hard……….. continues on Motley Fool.

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3 Reasons to Avoid Life Insurance Policies for College Savings http://life-insurance.insurepoints.com/3-reasons-to-avoid-life-insurance-policies-for-college-savings/ http://life-insurance.insurepoints.com/3-reasons-to-avoid-life-insurance-policies-for-college-savings/#comments Fri, 03 Apr 2015 23:57:44 +0000 administrator http://life-insurance.insurepoints.com/3-reasons-to-avoid-life-insurance-policies-for-college-savings/ News from U.S. News & World Report:

Families are typically better off using 529 plans to save for college.

Once their child is born, parents are often bombarded with literature and advertisements touting different methods to save for college. And with the promise of guaranteed rates of return, cash-value life insurance policies are often pushed to eager, college-planning parents.

These policies accumulate value during the policyholder’s life and then pay out upon his or her death. But policyholders can also make withdrawals or borrow against their policies during their lifetime and use the money for college expenses. Unfortunately, many parents don’t rea……….. continues on U.S. News & World Report.

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Is it ever OK to cancel your life insurance? http://life-insurance.insurepoints.com/is-it-ever-ok-to-cancel-your-life-insurance/ http://life-insurance.insurepoints.com/is-it-ever-ok-to-cancel-your-life-insurance/#comments Mon, 30 Mar 2015 19:46:45 +0000 administrator http://life-insurance.insurepoints.com/is-it-ever-ok-to-cancel-your-life-insurance/ News from USA TODAY:

Alice Holbrook, NerdWallet 11:32 a.m. EDT March 28, 2015

25 continues on USA TODAY.

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