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Friday, August 23, 2013 @ 01:08 PM
posted by admin

Shoulda, Would, Coulda

In the 13 years that I have been in the insurance industry, the Shoulda, Woulda, Coulda’s that I hear most is that: they wish they would have purchased life insurance that covered them for life! Now that they know they need it, they can’t afford it because of their age or health.

So often couples purchase “Term Insurance” which is great and has it’s purpose, but it does not provide for you after the term expires.

How many people do you know who are retired and no longer need life insurance? Maybe a few, but not many, and that often changes for them as well.

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Thursday, September 8, 2011 @ 10:09 AM
posted by admin

You may be feeling less financially secure than before the Great Recession began. Your retirement accounts may have rebounded, but your savings have dwindled. You may have found a new job, but at a lower salary. Some days you might feel like it’s all you can do to put food on the table and keep a roof over your head.

But what would happen if you died tomorrow?

“No one wants to think in those terms, but given that many of us are still in the financial rebuilding stage, you need to ask yourself, ‘Would my family be OK financially without me in the picture?’” says Lenny Robbins, Independent Life Insurance Agent with LifeNet Insurance Solutions of Calabasas, California.

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Monday, August 29, 2011 @ 06:08 PM
posted by admin

Lamar Odom\’s Life Insurance Story – Click here for Video

Lamar Odom’s Life Insurance Story

Lamar was raised in Queens, New York in a single-parent household. Even though Lamar’s mother, Cathy, earned a modest income working as a corrections officer, she sent him to Catholic school because of concerns about the public schools in the South Jamaica neighborhood where they lived. When Lamar was 12, his mother died of colon cancer. Because she had life insurance, Lamar was able to continue his Catholic school education.

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Thursday, August 25, 2011 @ 06:08 PM
posted by admin

Value of a Homemaker and the Importance of Life Insurance

There are several mistakes people tend to make when deciding on life insurance coverage but one of the most common ones involve deciding on who needs insurance and how much should they be covered for. A glaring example out here concerns married couples that only decide to insure the breadwinner or working member of the family. Yes, insurance is taken out for all the right reasons – to cover funeral expenses, to repay outstanding debts, to look after the children’s education, all in the case of the untimely death and absence of the wage earner. But, what about the parent who stays at home – to look after the house and the children? Most of the times, the homemaker is given the short shrift and passed over in terms of insurance on the grounds that he/she is not a contributing member to the family’s expenses. But this couldn’t be further away from the truth than possible. Read on to know more about the value of a homemaker and importance of his/her life insurance.

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Thursday, August 25, 2011 @ 06:08 PM
posted by admin

There’s a heartbreaking moment in the HBO documentary on Orange County’s motel kids where Dylan Hayes is asked to name a wish for the summer. “To re-do my life,” he says.

Dylan, 11, and his younger siblings Deanna, 9, and Daniel, 5, spent two and a half years living in an Anaheim motel with their father, David, after the children’s mother died. They were featured in “Homeless: The Motel Kids of Orange County,” which premiered last year.

“I want to get a job when I’m a teen,” Dylan said. “If I have a job, I can help out and help my dad buy groceries. And I can buy video games if I save up.”

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Tuesday, April 19, 2011 @ 02:04 PM
posted by admin

Most adults need life insurance. If you have dependent children, a spouse or anyone else who would suffer financially if you die – or if estate taxes could erode the size of the estate you want to pass on to your family or charity – then almost certainly you should own life insurance. Yet many people don’t own any, or they don’t own enough.

Who’s not buying
Sitting down at the kitchen table with an insurance agent once was a financial rite of passage. Today, people prefer to sit down with their stockbroker. Fewer than half of all American households have any life insurance beyond the usually inadequate amount provided by employers, according to A.M. Best & Co., an insurance rating company. Americans bought one-third fewer life insurance policies last year than they did 15 years ago.

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Tuesday, April 19, 2011 @ 02:04 PM
posted by admin

Across all income levels, single parents are the group who are least likely to have life insurance, says a recent study by Genworth.The 2011 Genworth Financial LifeJacket Study showed many single parents–69% of those with children living at home and 59% of those who don’t have children living at home–have no life insurance. The study showed 45% of married couples with children in the household have no life insurance.

Approximately half of the U.S. population is without life insurance, according to the study. Single people, with or without children, are 36% below the national average of coverage.

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Monday, April 4, 2011 @ 06:04 PM
posted by admin

  • MARCH 21, 2011, 3:51 P.M. ET

WellPoint Anthem To Cut, Delay Calif Rate Increase – Official

WellPoint Inc.’s (WLP) Anthem Blue Cross of California has agreed to delay and reduce its 2011 rate increases for individual health plans, a move that will save customers in the state at least $40 million, the state’s insurance commissioner said Monday.

Anthem Blue Cross, the state’s largest health plan, projected it will lose money on individual health-insurance coverage in California this year after losing some $110 million there in 2010. The losses, however, are anticipated to be less than the $40 million in savings that the commissioner referenced, the company said, without giving a specific projection.

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Friday, February 18, 2011 @ 02:02 PM
posted by admin





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Sunday, February 6, 2011 @ 05:02 PM
posted by admin

Dear Liz: I’m 26 and got married in August. For our honeymoon, we went to my hometown. We went for a hike through the hills and I got bitten by a rattlesnake.

After I spent the night in a hospital, we got a bill for just under $20,000. I don’t have health insurance (big mistake, I know). Because our combined income is more than $24,000, we were told we were not eligible for any discount. The woman I spoke with about the bill told me my options were to pay off the bill at $550 a month for the next three years, which is more than we pay for rent; pay the bill in full and get a 10% discount, which I do not have the money for; or file for bankruptcy.

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