Death insurance is a fancy term for a very low level of life insurance. Very low—usually around $10,000 or so.

Policies are designed to cover the cost of final expenses and little else. That’s why death insurance is also called burial insurance or funeral insurance.

If your home is paid-off and your children are financially independent, you probably don’t need anything more than a low level of coverage. After all, you don’t want your children to get stuck paying for your funeral, do you?

If someone relies on your income, though, life insurance should receive strong consideration, because death insurance won’t go very far.

The good news is that life insurance doesn’t cost much—about $30 a month or so for a healthy 40-year-old seeking $500,000 in coverage.

World AIDS Day is the 30th anniversary of the first diagnosis of HIV/AIDS, and 30 years later we are still battling the epidemic.

The virus has infected about 60 million people worldwide and more than 33 million people are currently living with the virus. However, people infected with HIV are living longer and have assets and families to protect, which is why life insurance plays such an important role in their lives.

“Mr. Obama acknowledged that while the rate of infection has declined elsewhere, in the United States it has remained steady, disproportionately hitting the young, African-Americans and Hispanics.

‘This fight is not over — not for the 1.2 million Americans who are living with H.I.V. right now, not for the Americans who are infected every day’ or their families, Mr. Obama said. And, he added, ‘It certainly isn’t over for your president.”’ Obama Says He Will Seek More Money for AIDS Programs

There are limited life insurance options for individuals with HIV. Guaranteed Issue Life Insurance is the main life insurance product available to individuals with the HIV virus. With guaranteed life insurance there are NO medical questions, NO medical examinations, and NO medical tests. A person cannot be turned down unless they live in a hospital or long-term care facility.

• You cannot be turned down, It is intended for individuals whose health problems prevent them obtaining ordinary life insurance coverage.
• No underwriting, process can be completed in less than 15 minutes.
• No medical examination.
• Guaranteed issue may be either term or permanent life insurance.

Click here to compare no-exam life insurance quotes instantly: No-Exam Life Insurance Quotes

Or call us at 1-800-823-4852 for your confidential analysis

The retirement landscape is changing now more than ever before.  In a recent survey of 2,500 American workers between the ages of 45 and 60, 61% they feared outliving their income. With the demise of employer sponsored pensions and the ever-present uncertainty of Social Security benefits, the part of retirement that is shouldering more of a burden is personal savings.  As it has always been, an Annuity is the only financial tool in the American marketplace that is able to guarantee income for as long as someone lives.

Annuities are financial products that create a pension for your retirement. You make one or more payments now, and in return, you get an income stream in the future. The standard annuity pays a lifetime pension. When clients purchase an annuity, it can help provide security and some peace of mind knowing that they are taking a very important step in planning their retirement and guaranteeing that they will never outlive their income.

In order to provide customers with the best rates, products, and services for their financial needs, http://www.wholesaleinsurance.net has added an Annuities resource section to the life insurance website. Users can now learn about annuities, compare the different types, and even obtain annuity quotes directly from the site.

For more information about the Wholesale Insurance Annuity addition, visit: http://www.wholesaleinsurance.net/blog/press-releases/annuity

COLUMBIA, S.C., Feb. 16, 2011 /PRNewswire/ – Heart and vascular conditions account for more than half of all claims paid on Colonial Life & Accident Insurance Company’s critical illness insurance policies.

Critical illness insurance pays a set amount to insured people when they’re diagnosed with or suffer heart attacks, cancer, strokes, coronary artery bypass surgery, major organ failure, transplants or other specified major medical conditions.

According to Colonial Life claims statistics, heart attacks, stroke and coronary artery bypass surgery together made up 58 percent of critical illness claims in 2010. Cancer accounted for another 35 percent. Other conditions, including kidney failure and transplants, were responsible for the remaining claims.

“National Heart Month in February is a perfect reminder to think about whether you have enough insurance protection for a critical illness such as a heart attack,” says Randy Finn, assistant vice president, product development for Colonial Life. “Not only can these illnesses can be extremely expensive to treat, there are often significant nonmedical expenses, so even employees with good major medical coverage may be left with large bills unpaid.”

Voluntary critical illness plans pay benefits directly to the insured individuals, unless they specify otherwise. They can then use the money for nonmedical expenses — such as mortgages, groceries, electric bills, child care, or travel to and from a treatment center — or for uncovered medical expenses, including deductibles, treatment bills, rehabilitation or home health care expenses.

Without adequate protection, people who suffer a heart attack or stroke, or undergo coronary artery bypass surgery, might have to use their savings or rely on the financial aid of family members to cover their expenses. In fact, nearly a third of Americans report their family has had problems paying medical bills, with 18 percent reporting bills in excess of $1,000.(1)

“A critical illness plan is for survivors,” Finn says. “Some people may never be able to return to their old lifestyle, go back to the same jobs or return to work at all. Instead, they’ll face a new way of life focused on recuperation, recovery and rehabilitation. Benefits from a critical illness plan can help ease financial worries so they can focus on getting well instead of paying the bills.”

Colonial Life & Accident Insurance Company is a market leader in providing insurance benefits for employees and their families through the workplace, along with individual benefits education, advanced yet simple-to-use enrollment technology and quality personal service. Colonial Life offers disability, life and supplemental accident and health insurance policies in 49 states and the District of Columbia. Similar policies, if approved, are underwritten in New York by a Colonial Life affiliate, The Paul Revere Life Insurance Company, Worcester, Mass. Colonial Life is based in Columbia, S.C., and is a subsidiary of Unum Group, one of the world’s leading providers of employee benefits. For more information about benefits communication, call Colonial Life at (803) 798-7000 or visit www.coloniallife.com.

(1) Kaiser Tracking Poll, 2008, Kaiser Family Foundation.

SOURCE Colonial Life

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BINGHAMTON, N.Y., Jan. 24, 2011 /PRNewswire/ — Many term life insurance buyers who seek coverage to meet a singular need often overpay for their insurance.  This term buyer overpays because he or she must pick a lump sum death benefit that will cover the specific financial obligation if he or she were to die soon after obtaining coverage.  As time goes by, the original lump sum may exceed what is necessary to cover the remaining obligation.  Thus, monthly benefit term may be less expensive than lump sum coverage because the buyer can design the policy around his or her specific needs.

Security Mutual recently introduced a new term insurance product that helps provide this type of buyer with a solution:  a term insurance product that pays death benefits monthly, rather than in a lump sum.  This new product offers coverage for whatever number of years best suits the needs of the particular client.  Monthly benefits range from a minimum of $1,000 per month to a maximum of $50,000 a month.  The minimum term is 15 years, and the maximum term is the lesser of 40 years (35 for smokers) or 85 minus the issue age.  By way of example, if an insured under a 20-year $2,000/monthly benefit life policy were to die 132 months after issue date, the policy beneficiary would receive $2,000 a month for the next 108 months (9 years)—the balance of the term (11 years).

Monthly benefit term can work well in many contexts.  For example, a homeowner who would like to cover a mortgage obligation can select a term that matches the years remaining on the mortgage.  A parent with young children can select a term that is tied to the year that his or her youngest child is expected to graduate from college.  An individual who is concluding a divorce can select a term that matches his or her obligation to pay alimony or property settlement installments.

About Security Mutual Life Insurance Company of New York:  Security Mutual was founded in 1886.  Today it is one of the leading mutual life insurance companies in the United States.  It does business in all 50 states.  Security Mutual Life is rated “A-” (Excellent) by the A.M. Best Co., the oldest and largest company devoted to issuing financial strength ratings of insurance companies.  A.M. Best rating is current as of the date of publication.  Ratings reflect a rating agency’s opinion of a company’s financial strength and ability to meet its obligations to its policyholders.  A rating is not a recommendation of a company or any specific policy form.  A.M. Best’s “A-” (Excellent) rating is the fourth highest on a 15-step rating scale.  Ratings are subject to change.

Policy Form Nos. 2107-NY, 2107-C-NY, Series 2107 & 2107-C.  The hypothetical example contained herein is for illustrative purposes only and does not guarantee or predict the results of this product.  The example does not take into account the investment objectives, financial situation or particular needs of a specific person.  Product availability and features may vary by state.  Contact a Security Mutual Life representative for state availability.

SOURCE Security Mutual Life Insurance Company of New York

NEW YORK, Jan. 14, 2011 /PRNewswire/ — One of the best ways to protect a family’s financial future is to compare life insurance quotes and choose an appropriate provider. The trick is to find the most compatible coverage for the family’s specific situation at the most affordable price. Here are five tips to find a cheap quote.

1. Consider term life insurance. Depending on the client’s situation, this may be the best coverage for the cheapest rate. Term coverage can be purchased in a variety of spans, such as a 10-year or 20-year policy. A policy is paid into for the length chosen and when it expires there are no benefits; however, if the policyholder dies within the term of coverage, the death benefit is paid to the beneficiaries. Term life insurance quotes will always be much cheaper than quotes for whole policies.

2. Young and healthy people should avoid guaranteed policies. These are plans that do not require a medical exam but they are usually more expensive. Guaranteed policies are available to everyone regardless of their age or health, which is the reason the premiums are higher. Medical exams only take about 10-15 minutes and offer flexible times. However, if a person cannot get a life insurance policy due to medical issues, a guaranteed policy may be a better alternative to no cover.

3. When comparing quotes to get the best life insurance rates, people should consider what they want the coverage for and what they do not need. While not having enough coverage can be difficult, paying for too much can be wasteful. What needs to be covered: funeral arrangements, outstanding debts, loss of income for family expenses, and/or children’s future education?

4. Married couples should buy a joint policy rather than two individuals. The cost typically is about 15% less than two individual policies with the same amount of coverage. For greater savings, these premiums can be paid annually rather than monthly, which reduces administration costs, and savings are passed on to the policyholder.

5. The quickest and easiest way to find a cheap quote is to shop around, compare multiple quotes and choose the policy that offers the best coverage at the lowest rates.

About LifeInsuranceQuotes.net:

LifeInsuranceQuotes.net connects people shopping for life insurance quotes with agents who can offer the best coverage at the most affordable rate. This efficient and convenient tool gives access to multiple nationwide carriers and allows users to compare the difference between whole and term life insurance from the comfort of their home. To learn more and to get a free quote, visit the website today.

To compare the best life insurance rates, visit: http://www.wholesaleinsurance.net/

Hollywood, FL (PRWEB) January 11, 2011

Founders of http://www.findyourpolicy.com, Michael and Edmund Hartmann were left to settle the affairs of their father’s estate after he died of cancer. They quickly became frustrated in attempting to research their father’s insurance policies. Not knowing which insurance company to contact and then not receiving adequate customer service from the Government or any other entity seemed to make the process impossible. Michael and Edmund Hartmann decided to create a simple and secure solution to store and keep track of an insurance policy, so that a loved one can easily research and find it. They have created a centralized database where insurance agents and individuals can register the policies for free. When it comes time to search for policies a nominal fee is charged to retrieve the information. A portion of this fee is donated to cancer research in honor of their father.

An estimated 1 out of every 4 life insurance policies go unclaimed each year for various reasons, the most common of which is misplaced policy information. These are retained by the insurance companies until proper claims are made by the beneficiaries. If no claim is made then no payout is expected. It is the responsibility of the beneficiaries to submit claims. If the beneficiaries are not aware of who or where to make claims, it can become a very frustrating process, as experienced by Michael and Edmund.

FindYourPolicy.com has been around for 3 years and their database is growing daily. Edmund says; “Many individuals are registering their own and their family’s policies that have been active for more than 20 years. This way they will never forget the company name and guarantee payouts.”

To register is easy and free. The process requires basic information on the policy holder and only the name of the insurance company. They never ask for any Social Security numbers or account information. According to Michael, “All that an individual needs to start the claiming process is a company name and that is all we store.”

Beneficiaries and loved ones can then retrieve the information for $9.95 (US). Thus avoiding the painstaking process of searching through potentially thousands of insurance agencies trying to find out which one held the policy. The simple, easy to use, centralized database provides peace of mind to policy holders by securely storing the information for later retrieval. Michael adds, “It is free until you need it.”

When it comes time to retrieve your information, http://www.findyourpolicy.com is very helpful even if you are not registered with them. First, if you are registered with them, then they will provide you with your stored information. If for some reason your deceased loved one did not register with http://www.findyourpolicy.com, you will be given instructions on what to do next. You will receive a 17-point checklist on assisting you on furthering your search, a list of the top 100 insurance companies, and links to correct contact information within those companies. Plus you will receive instructions on an 8 step process on how to work with the insurance company once you make contact with them.

It is clear that keeping track of your valuable insurance policies is important. Lost life insurance is a major problem that gets recognized only when it is too late. What better way than to secure it in an organized database. http://www.findyoupolicy.com will help them be able to quickly receive what you have been paying for.

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