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February 20th, 2012 5:05 AM
Although life insurance deals with everyone’s final destination, there are cases where buying a policy has extended someone’s life by alerting them to an unknown medical problem.
The most obvious example is basketball star Magic Johnson, who learned he was HIV positive after undergoing an extensive physical for a new life insurance policy. Another NBA player, Fred Hoiburg, had a life insurance exam that uncovered a heart deformity. It required open-heart surgery that ended his basketball career but probably saved his life.Full Story »
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- Your spouse’s finances can leave you financially vulnerable
- October 10th, 2011 11:11 AM
- If men really are from Mars and women from Venus, then clearly the sexes are galaxies apart in their perspectives about money.
“I’m a big believer in premarital counseling for discussions about money,” says Dr. Joseph Guse, Marriage and Family Therapist, at The Psychology Center, Inc., in Chicago, Ill. “If you don’t share the same philosophy about money, at least you’re going to learn to agree to disagree. It’s a huge mistake to think you can change someone’s view of money.”
Full Story »
- Category: Life Insurance, Spending, Videos
- If you’re incarcerated, will you still be covered by life insurance?
- September 23rd, 2011 10:10 AM
- An adequate life insurance policy can give a family peace of mind in the wake of a death. For some families, insurance proceeds often are the only source of revenue for funeral and burial costs.
But what if your loved one dies in prison? Will the insurance company pay those benefits? And can an inmate obtain life insurance?
While not entirely impossible, obtaining a new, legitimate policy on someone incarcerated, or even a new parolee from prison, is no easy task. And insurance experts warn that consumers should take a hard look at outside-the-mainstream companies that offer insurance to families of inmates.Full Story »
- Category: Life Insurance
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