 Image by Gerd Altmann from Pixabay In February we did a post explaining what 'Insure Your Love' was all about and in it, we mentioned that September is Life Insurance Awareness Month. These have been instituted by the non-profit organization, Life Happens. So I thought I'd share some more interesting information I found on life insurance....
Did you know that unclaimed life insurance benefits are paid to your state? I recently discovered that fact and that there are over $1 Billion dollars in unclaimed benefits out there!  On the heels of Memorial Day in May and Flag Day in June, July is the month of patriotism since the 4th is the day we celebrate the birth of our country as a nation, independent from English rule.
Even though our break from the British Empire came in 1776, Insurance was sold in the Colonies as early as 1735 in South Carolina. In 1772 Benjamin Franklin along with more than 70 business owners formed a mutual company called “The Philadelphia Contributorship for the Insuring of Houses from Loss by Fire.”  In our previous post we explained what Riders and Endorsements are and gave some examples of these on a P&C policy. Today we’ll talk about riders on Life Insurance products.
Remember, a ‘rider’ is a temporary addition to an insurance policy that can be added or removed that does not change the original benefits stated in a policy and an ‘endorsement’ is a permanent change to increase benefits to an existing policy and both result in additional premiums.  Image by rawpixel from Pixabay Last year we talked a couple of times about safety and travelling. We gave you some Hurricane Evacuation Tips and Vacation Preparedness Tips. We also shared Holiday Safety Tips, Fun in the Sun Safety Tips and Tips for staying safe at Festivals.
As all of these tips revolve around travelling – even though that may not be far from home – I thought it would be great to condense the above-mentioned tips into one, easy-to-find article.  *Image by kai kalhh from Pixabay While scrolling around on social media, (depending on your audience) you may have come across the phrase “Insure Your Love” or hashtag, #insureyourlove and wondered what that was all about.
I know I did!  *Image by Peggy und Marco Lachmann-Anke from Pixabay We’ve done our best to help you Understand Life Insurance and explained the differences in Whole & Universal Life as well as Mortgage Protection and Term Life products. In this article we’ll explain the basics of Annuities.
An annuity is an investment product offered by an Insurance company that, in some cases, carries a death benefit option, and is designed to protect in the instance one outlives his or her pension, retirement benefits and/or savings.  Image by Elena Chukovskaya from Pixabay As we move into a brand new year, many people take this time to reevaluate their lives and set goals for the upcoming twelve months. When compiling information and creating your lists of things to do, check, and repair or replace, add Review Insurance to your list.
Here are some things to consider when you schedule an appointment with your insurance agent and/or financial advisor.....  Image by Gerd Altmann from Pixabay In our post, Understanding Life Insurance, we mentioned Whole Life, Term Life, Universal Life and Annuities and we discussed the differences in Whole and Term policies. Today we’ll talk about the differences in Whole and Universal Life insurance products. |
Tommy Curtis
Is an insurance agent with integrity and your best interest in mind. Call to speak directly to him. Contact us Phone: 337-433-1683 Address: 509 7th Street Lake Charles, LA 70601 Office Hours: M-F 9a - 5p (CST) Follow Us
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