Archive for the “Insurance Tips” Category

New Airline Passenger Rules

May 1, 2010 Posted Under: Insurance Tips   Read More

The US Department of Transportation issued new airline passenger rules this week.  One of the more prominent rules addresses unreasonable delays on the tarmac, keeping passengers trapped in a grounded airplane.  The following is an excerpt from an article on CNN.com. The DOT’s tarmac delay rule subjects airlines to stiff fines if passengers are stuck [...]

Should you Cancel Your Life Insurance during a down Economy?

April 30, 2010 Posted Under: Insurance Tips   Read More

Times are hard. There’s no doubt about it. People are scrimping and scraping just to get by. In some ways, this might be a good thing. Hard economic times teach people to be more frugal, to waste less, and to decide what’s really important in life. The lessons that hard economic times teach toughens the [...]

Why Do I Need a Will?

April 27, 2010 Posted Under: Insurance Tips   Read More

Thinking about putting together a will is a lot like buying term life insurance. It makes you think about your own mortality, and no one really enjoys that prospect. Still, no matter whether you’ve got a large estate or a small one, putting together a will is an important process. A will helps you make [...]

Ohio to Create a Statewide Life Insurance Database

April 26, 2010 Posted Under: Insurance Tips   Read More

One of the problems with the life insurance industry, at least according to some, is that policy payouts are more reactive than they are proactive. Life insurance companies aren’t scouring the local obituaries to find out if one of their policy holders has died, and then immediately phoning the beneficiaries. In fact, that kind of [...]

Americans would rather work longer than give up luxuries

April 25, 2010 Posted Under: Insurance Tips   Read More

If you’re like some Americans, you don’t want to give up your luxuries. Some of us have become accustomed to those occasional filet mignon dinners, morning lattes and getaway vacations. Apparently, we’d rather work longer than give up some of life’s little pleasures. According to a Retirement Income Survey released by MainStay Investments, Americans are [...]

Estate Planning Tips

April 23, 2010 Posted Under: Insurance Tips   Read More

One of the those tasks that you really don’t want to do, but need to do, is plan your estate. Estate planning brings you right up close, face to face, with your own immortality. Accordingly, many folks just don’t want to deal with it. It’s like buying life insurance. You want to make sure your [...]

When does annuity get taxed?

April 21, 2010 Posted Under: Insurance Tips   Read More

Following tax laws to the T is something that very few people can boast of. Among the several options that are available, the deferred tax growth of an annuity account is what interests people the most. For the duration that the money lies in an IRA like account, the entire figure is not taxable. But [...]

Understanding fixed annuity

April 21, 2010 Posted Under: Insurance Tips   Read More

The simple premise of a fixed annuity is that you pay an company a monthly premium. In exchange, the company assures you of a fixed monthly income over a certain number of years. Within the ambit of fixed annuities are several choices. You can choose, for example, a single premium payment where the payouts to [...]

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