Every week for more than 35 years, Bessie Jones of Sarasota paid a modest premium for a life insurance policy to the agent who came to her home.The policy issued in 1964 was small — its face value was $1,000 — and cost her only 90 cents a week. But over the years, Jones paid […]
Bob Senkler is determined to keep the “Minnesota” in Minnesota Life Insurance Co. Senkler, chief executive of St. Paul-based Minnesota Life, is positioning his company to be an acquirer, not an acquisition, as the life insurance industry undergoes intense consolidation.Big life insurers are seeking growth and increased market share by picking off smaller companies, and […]
Quick tips on shopping for low-cost life insurance Life insurance. Only shouting “Fire!” can empty a room more quickly. No one wants to think about life insurance. Many people don’t think about it - ever. One consequence is millions of uninsured Americans. Even more are underinsured. Another consequence: Many overpay for their life insurance.This column […]
Here are some things to keep in mind when shopping for life insurance: + The amount of coverage will depend upon your situation. Some life insurance agents use rules of thumb, or calculators, but it’s really a personal decision. Advice varies. Tom Presper, a certified financial planner who also sells life insurance, suggests coverage of […]
Nov. 2 Profiting off someone’s death felt creepy, but Richard Slokum figured he was also helping sick patients access funds that would help them live out their last days in comfort. Slokum decided to invest in viaticals life insurance policies the terminally ill sell to raise cash lured by the prospects of a 34 percent […]
Now is a good time to consider life insurance, if you don’t already have a policy. That’s because rates are expected to come down in the near future, perhaps as much as 30 percent for new policies, according to the Ohio Department of Insurance Director Ann Womer Benjamin.There’s been a 20-year revision of the mortality […]