Archive for the ‘Uncategorized’ Category

What is Life Insurance?

A life insurance policy is a binding contract between a policy owner and an insurance company. The company promises to pay a specified amount of money (The Death Benefit) to the Beneficiaries named in the policy upon death of the Insured person named in the policy. The Policy Owner is often the same as the […]

John Hancock

PO Box 111 Boston, MA 02117-0111 Advisers Call: 1-800-505-9427 For NY Call: 1-800-743-5542 www.jhancock.com Ratings: A.M. Best Financial Strength A+ Standard & Poor’s Financial Strength AA+ Moody’s Financial Strength Aa3 Fitch Financial Strength AA

Term vs. Permanent

When shopping for life insurance, you face the same decision you must make when you’re in the market for a new car: lease or buy? Those aren’t the words used for insurance, of course, but the concepts of term and permanent life insurance are similar to leasing and buying. Term insurance is like leasing a […]

Annuities Make a Comeback

The Financial Times reports: Following the passage of healthcare reform in the US, the task of improving the country’s retirement savings system will probably loom larger on the Obama administration’s priority list. Specifically, how to increase financial security in retirement and the role of annuities within 401(k) plans has been on the administration’s agenda. Annuities […]

Cheeseburger in Life Insurance Paradise

Bill McClellan of the St. Louis Post-Dispatch writes about a friend: “I am not going to live to be 100,” said my friend. “Actually, I’ll probably be lucky to make it to 70. My biggest fear is dying at 71.” So he is quietly making a push to make sure that doesn’t happen. Ever since […]