Researching the financial health of your life insurance company is just as important as researching prices and coverage options when you are shopping for an insurance policy.
Financial-strength ratings are especially important for life insurance because you want to be assured that your insurer will be around in 10, 20 or 30 years — or whenever you pass away and your beneficiaries go to claim the insurance money.
Yet financial-strength ratings are probably the most ignored component of the life insurance buying process. Read the rest of this entry »
The U.S unemployment rate is at a 26 year high of 9.7%, according to the most recent update by the Bureau of Labor Statistics. Last month, there were 216,000 nonfarm payrolls lost, marking the 20th straight month of decline.
As more Americans lose their jobs, it’s important for them to remember not to cancel their insurance policies in an attempt to save money. More and more uninsured drivers are hitting the roadways as more people continue to drop car insurance coverage. What many don’t realize is that if they get into an accident when they don’t have insurance, they will be in deeper financial trouble than if they continued to have car insurance. Read the rest of this entry »
Researching the financial health of your life insurance company is just as important as researching prices and coverage options when you are shopping for an insurance policy.