Posted on Mon, Sep 28, 2009
The national debate over health care reform has brought to life the number of Americans who lack fundamental health insurance.
An equally astounding number of Americans are lacking the financial security of life insurance.
September has become a focal point in the industry’s attempt to address the
problem of too many Americans lacking adequate life insurance protection.
The organization known as LIFE estimates that 68 million adult Americans have no life insurance at all, and most with coverage have far less than experts recommend. In response to this underinsurance problem, hundreds of life insurance organizations and thousands of individual producers participate in Life Insurance Awareness Month each year.
Some of the nation’s top insurance companies participating this year include State Farm, New York Life, Penn Mutual, AEGON, MassMutual, John Hancock, Guardian, Principal Financial Group,
Prudential, Southern Farm Bureau, COUNTRY Financial, American National, Farm Family and Illinois Mutual.
Efinancial salutes Life Insurance Awareness Month and represents a one stop shop for life insurance among America’s top life insurance companies.
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Wed, Sep 23, 2009
How much life insurance is enough life insurance for you and your family? Just pay a visit to Efinancial.com to calculate the sum on one of our handy
Life Insurance Calculators. To determine how much insurance you need, our calculators perform an instant
life insurance needs analysis. Here’s a step by step guide on how we do it so you can calculate how much insurance you need right off the top of your head.
Figure the…
- Total annual needed by your spouse and children in the event of your death.
- Number of years you would like to provide this income to your spouse or children.
- Your gross income annually.
- Your date of birth.
- Your spouse’s gross income.
- Would you like to pay off any outstanding debt? For example, mortgage, loans, credit cards, college. If so, enter the debt amount.
- Burial expenses. That can include funeral, probate, and any other legal matters.
- Total amount of your existing life insurance.
- Interest rate assumption. This assumes the interest death benefit proceeds are invested.
- Press Total.
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Sat, Sep 19, 2009
When it comes to getting more insurance value for every dollar, you’re in the driver’s seat if you’re sitting at your desktop or laptop computer. By
shopping online for low-cost insurance, you can easily navigate among rates from several companies quickly and easily on the Web. While
online insurance comparison shoppingcan put you miles ahead in the category of automobile insurance, another important factor where car insurance is concerned is the vehicle insurance rating.
Insurance underwriters evaluate an automotive policy by rating a vehicle in terms of size, weight, performance, theft ratings, crash ratings, and safety features. If the cost of insurance is a concern, you would be well advised to get quotes on a few different cars you’re interested before finalizing the purchase decision. The difference in premium between an older 4 cylinder compact car to a newer truck or SUV can be substantial.
Why are SUV’s and trucks more expensive to insure?
Higher premiums on larger vehicles are a rule of the road for several reasons. The logic is simple. If you’re involved in an accident in a larger vehicle you are at higher risk of causing serious injury or death to the other driver. If the truck is a four wheel drive vehicle, the insurance company runs the risk of an off-road accident.
You will find the rates on a smaller four-door vehicle more affordable than you will on any truck, SUV or high performance car. While this is true for most smaller vehicles there will always be a few smaller cars that still hold higher rates due to theft statistics. In 2007 the Honda Civic made the number 1 spot for highest theft occurrence. The Ford Taurus was noted to have the lowest theft rating. With a smaller vehicle you in most cases will cause very little damage to the other vehicle in an auto accident.
High performance sports cars
Of course you will see some of the highest rates on high performance sports cars. Sports cars have such high rating on these vehicles, young drivers can’t even come close to owning a sports car unless they are prepared to pay the high cost premiums that come with them. Some just wait until they’re 60 or 70 before buying their dream sports car. You’ve seen them on the roads.
When planning a purchase of a new vehicle, you need to keep in mind the tips above to estimate how much the insurance will cost you. When in doubt, you can always call your insurance agent.
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Wed, Sep 16, 2009
The
Life and Health Insurance Foundation for Education (LIFE) which is sponsoring
National Life Insurance Awareness Month throughout the month of September wants to make college education a “teachable moment” for parents as well as their college-age children. The Foundation has made it a point to teach a life lesson to parents about including life insurance in their college-funding plans.
Coming up with the money to pay for college is a challenge for most young people, but the task becomes even more daunting when a parent dies prematurely, especially if that person didn’t have adequate life insurance coverage. With mom or dad no longer able to lend a hand, many young people often have no choice but to set aside or postpone their dream of a college education. Evidence of this problem is well documented in the thousands of submissions that the nonprofit LIFE Foundation receives each year through its LIFE Lessons Scholarship Program.
Efinancial salutes families across America that are funding higher education for their students. The Efinancial E-Learning Center has dozens of Q&A articles on a wide range of life insurance topics including Questions About Shopping for Life Insurance, Questions About Buying Life Insurance and Understanding the Differences in Life Insurance Products. Learn more about the many aspects of life insurance products and services by visiting our E-Learning Center.
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Fri, Sep 11, 2009
If you had a choice between thinking about life insurance or entering a photo contest with the chance to win great prizes, which would you choose? Okay, don’t answer that. But what if you could do both at the same time? In conjunction with the beginning of
Life Insurance Awareness Month, the nonprofit LIFE Foundation has kicked off the “Wonders of Life” Photo Contest to provide Americans with a fun way to get them thinking about their life insurance needs.
Throughout September, Americans are encouraged to visit www.wondersoflife.org and upload a photograph that captures a wondrous moment in the life of their family, the kind of moment that life insurance can preserve.
“People want the very best for their loved ones and work hard to provide them with a comfortable lifestyle and every opportunity to experience the wondrous moments that life has to offer,” said Marvin H. Feldman, CLU, ChFC, RFC, president and CEO of LIFE. “But people need to think about what would happen to their loved ones’ quality of life if something were to happen to them. We hope that our contest will help Americans realize how life insurance can help preserve all that they’ve worked so hard to achieve.”
The grand prize winner will receive a Canon T1i, 12.2-Megapixel Digital SLR Camera. Five runners-up will win $150 gift cards to BestBuy.com. LIFE will announce the winners of the “Wonders of Life” Photo Contest on or around November 18, 2009 and feature winning photos on its website. The deadline to enter is September 30, 2009. Entrants must be 18 years or older.
To view the ‘Wonders of Life” video, visit the following link. And remember: Efinancial can help you shop for affordable life insurance from more of America’s top life insurance companies, all in one easy free life insurance quote.
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Mon, Sep 07, 2009
Last week’s news that Wall Street investment bankers were looking to replace bundled mortgage-backed securities by
bundling life insurance policies shows a wanton disregard for the integrity of the financial system and for the resilience of the market system itself. The contemplation of such a model in the immediate aftermath of the most severe banking crisis in 80 years, should be a clarion call to hasten the needed regulation in financial services.
Under a life insurance bundling scheme, elderly people strapped for cash would ostensibly sell their life insurance policies for pennies on the dollar (maybe up to $400,000 on a $1 million policy), and Wall Street would buy them, bundle them and sell them to investors.
Securitization of a commodity is, in many ways, a sound business practice, especially if you’re the banker doing the selling. But, just as mortgage-backed securities carried a level of risk that made them more like gambling than investing, life-insurance bundling means the security sold is not what it seems. Like mortgage-backed derivatives, life-insurance derivatives would deal with a finite pool of money whose value will not increase over time: at some point, one of the gambling investors will find there is not enough money to cover initial investment plus interest.
Like mortgage-backed derivatives, life insurance derivatives have a fatal flaw in terms of long-term investment value, according to J.E. Roberston writing in Cafe Sentido. At the end of the day, someone somewhere will be unable to resell the bonds based on specific policies, because the high investment value will no longer be supported by the cash payout. This is the definition of a pyramid scheme: there is only the money people are putting in, and eventually, when one after another investor takes their payout, there is nothing left for those who stay in the game too long.
Against such an exotic and illusory concept, the news that traditional bankers are actually making money in the current economy by doing something simple – Getting back to basics — is getting short shrift.
Remember the 3-6-3 banking rule: pay depositors 3% interest on their savings, make loans at 6% interest, and leave the office by 3pm. Sounds like a pretty good life. Bankers who are following this golden rule, without exotic investment bundling, are doing just fine. Here are some of the other tenets of a traditional banking system which bear repeating:
- Investigate the borrower, write the loan, and hold the loan until it’s paid off.
- Don’t sell or securitize loans.
- Never have a rigid SOP when reviewing a loan and be willing to work with the borrower.
- Always be stable enough to survive the bad times, and hopefully, have the capacity to grow because of it.
- Never put yourself into a situation where you require any funds from government stimulus (e.g. bailout money).
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com
Posted on Thu, Sep 03, 2009
The editors of
Financial Highway have compiled a scary list of financial events which have befallen investors, like large oak leaves and plump acorns that plummet earthward, around the month of September. Historically speaking, (recent history in particular), September has been the worst month of the twelve for investors and the stock market. Remember the 2008 market crash when Lehman Brother’s went under and the market tumbled? That was September. The bear market in 2002? September again. The crash in 2000 and 9/11? September 2001.
That fateful period when the Dow lost almost 30% during the 1930 Depression was also a mournful September morn.
With a mere two days into September ’09 thus far, the September wind chill factor is a little blustery. The S&P 500 is slightly negative so far.
University finance professor Mark Kamstra relates the September effect to seasonal affective disorder (SAD) a psychological condition analyzed in this study. Brett Arends at Wall Street Journal crossed the bridge to financial markets with the theories behind the September effect.
Sound advice is to keep your wits about you and don’t lose your jack-o-lantern head like Ichabod, the Headless Horseman of Sleepy Hollow. I mean, do you really feel there is something about September that drags down the stock market or is the end of summer simply a time of reckoning?
To get a
Term Life Insurance Quote or Research how to
Buy Life Insurance Online visit
Efinancial.com