Get a Way Insurance

Baby boomers are increasingly considering their insurance policies as a source for paying for retirement. They can sell unneeded life insurance policies for a portion of the face amount. This is known as a life settlement and according to reports it has become more practiced in recent years as a viable financial option for aging baby boomers.

Even Betty White is getting in on the action. The 90-year-old actress and recent SAG Award winner for the “Best Female Actor in a TV Comedy Series” appeared in a YouTube video about this concept. The video has received more than one million hits. “It

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Many drivers may take for granted the fact that their car is equipped with a spare tire. But according a news release from AAA, that may not be true. In order to meet new government fuel efficiency standards, some car makers are taking out spare tires and instead equipping cars with emergency sealant or an inflator kit. They may also make the car with tires that can still operate even with damage.

In 2010 the Department of Transportation and the Environmental Protection Agency increased the limit for miles per gallon rates. For 2012 models, vehicles must have a combined 29.7 mpg. That will increase to 34.1 mpg in 2016.

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A new study shows Americans are increasingly preferring to purchase their life insurance directly from the company either on the Internet, through the mail or over the phone. Two-thirds of Americans still prefer to buy life insurance from an insurance or financial professional, but a growing number like the idea of buying it directly.

Now more than one in four prefer this method. “‘Obviously, the Internet has fundamentally changed consumers’ buying practices over the past 15 years,” said Marvin H. Feldman, CLU, ChFC, RFC, president and CEO of the LIFE Foundation in a news release. “Recogn

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Millions of people will hit the road for Thanksgiving weekend. It’s one of the busiest travel times of the year. While you may be insured properly most drivers don’t like the thought of actually having to use that insurance– especially due to the fault of a distracted driver. Most of us probably feel like distracted drivers are all around us on the road. We’ve seen people texting and checking emails, chatting on the phone and even putting on makeup. But a new study reveals that those in the lane next to you are increasingly distracted.

If you’re driving in the Greater Portland area a new study found that one in three drivers are likely breaking the law by using a cell phone without a hands-free device. One in fo

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How does free car insurance sound? That’s what General Motors is offering up in a new marketing push to help sell new cars. If you live in the states of Washington and Oregon and you purchase a new GM car you may qualify for a year’s worth of free car insurance from MetLife Auto and Home. “We want to give residents of Oregon and Washington another reason to discover Chevrolet, Buick, GMC and Cadillac vehicles,” said Chris Perry, U.S. vice president of General Motors Marketing, according to The Car Connection.

The free insurance deal runs through September 6 and includes both liability and physical damage coverage. It exce

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Continuing this list of reasons to own permanent life insurance:

• To replace the value of a home in a reverse mortgage:  Many consumers may want to tap into the equity of their homes by using reverse mortgages without eroding their familys inheritance.  Funds from the proceeds of a life insurance policy can replace the equity taken out of the home via the reverse mortgage.

• To own an asset that is not a factor in determining eligibility for financial aid:  As a general rule cash value from life insurance policies are not considered an asset when determining eligibility for financial aid for college.

• To replace a charitable gift:  If you wish to leave certain assets to charity upon your death, proceeds from a life insurance policy can replace the donated assets that would have been inherited, such as taxable retirement accounts.

• To provide life insurance to unhealthy individuals owning term life insurance that is set to expire:  Uninsurable or unhealthy term policyholders can convert their term life policy to a permanent policy (in most cases) within the same health class they qualified for when acquiring their term policy.

• To replace a trust that terminates at the death of a beneficiary:  Certain trusts terminate at the death of the beneficiary.  Using trust assets to purchase life insurance during the beneficiarys lifetime means a person can continue ones legacy to his/her heirs.

While permanent life insurance is the policy of choice for many reasons, the majority of people will benefit from a term life insurance policy.  To get an idea of the cost difference between term and permanent insurance, you can get term life insurance quotes or universal life insurance quotes at LifeInsure.com.

According to analysis, the average cost of healthcare service covered by insurance and Medicare programs increased by nearly 6 percent over the last 12 months. It’s the fourth consecutive increase noted by the S&P Healthcare Composite Index. The survey also monitors healthcare costs not covered by insurance and found that those prices increased by nearly eight percent over the last year. Medicare claim costs hit a new low, raising at an annual rate of just over two percent.

Indexes monitoring hospital and professional services saw only small increases. “

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