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News

Post image for New MetLife Study Shows Boomers Are Retiring, In Spite of Predictions

Despite the popular belief that Baby Boomers will continue to work well past the traditional retirement age of 65, those born in 1946 are retiring in droves, according to a recent study. The study, Transitioning into Retirement: The MetLife Study of Baby Boomers at 65, reports that almost 60 percent of the first Boomers to [...]

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Post image for Can Financial Worries Cause You to Lose Your Job?

Can worries over financial stability and retirement contribute to your lack of focus on the job and ultimate get you pink slipped? According to a recent article in the personal finance section of Forbes, the answer is yes. A survey just released by the Society for Human Resource Management says employees are getting so concerned [...]

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Post image for More Military Families Choosing to Supplement with Commercial Life Insurance Policies

A growing number of military families are supplementing their government life insurance with commercial policies, according to a survey released on Sept. 27 by First Command Financial Behaviors Index. Recent survey findings reveal that 42 percent of middle class military families and commissioned officers with household incomes of at least $50,000 own some form of [...]

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Post image for Life Insurance is Among Priority Considerations for Widows

A recent article in the New York Times talked about some financial pitfalls to avoid for the recently widowed. The article by Ron Lieber contains some good pointers worth considering and merits passing on. Since losing a loved one like your spouse is tragic enough, it is extremely important not to compound the loss by [...]

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Post image for IRS Releases Annuity-Long Term Care (LTC) Document

The Internal Revenue Service (IRS) has published a 10-page PDF document, IRS Notice 2011-68 (PDF), that discusses tax rules that apply to annuity-long term care (LTC) benefits hybrids and exchanges of annuity cash surrender value for qualified LTC insurance. Tax experts at the American Council of Life Insurers asked the IRS to put those issues [...]

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Post image for Spring Storms May Cost as Much as $180 Million

MetLife Inc., the biggest U.S. life insurer, has just reported that springtime storms this past April and May cost as much as 6.7 times the company’s provision for such expenses at the home and auto business. Natural disasters including tornadoes in Alabama and Missouri probably cost $160 million to $180 million after tax, the New [...]

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Post image for Adults Changing Retirement Planning Strategies

Almost 60 percent of individual investors have lost faith in the stock market and 44 percent say they are unlikely to place more money into the market, according to a new survey by Prudential Financial, Inc. The study shows that investors are rethinking their financial and planning strategies. About 72 percent of Americans who took [...]

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Post image for Should a Life Insurance Policy Be Among Gifts to This Year’s High School Graduates?

Another high school graduating class is preparing to walk the stage to receive diplomas and being planning for college. Parents are more apt to be worrying about college tuition, laptop purchases, and independent living arrangements than life insurance for their child, but it is something that should be considered. While life insurance for your college [...]

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Post image for African Americans Optimistic About Financial Goals but Still Face Barriers

African Americans are optimistic about the achievement of their financial goals, yet still face some financial roadblocks, according to a new study released by Prudential Financial, Inc. The African American Financial Experience study highlights the growing influence and affluence in the African American community and the importance of financial planning in order to attain financial [...]

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High risk. If you read these two words and felt that they described you then here are two more words that will accompany them as you search for the right life insurance: higher premium. It is basic life insurance policy math that the higher the risk of your dying prematurely, the more premium you will [...]

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