Universal Life Insurance

Not much I read in the newspaper shocks me these days. But I just about choked on my bagel as I read Jim Stingl’s column in the Milwaukee Journal Sentinel the other morning. The headline was Cost of love steady, but do we buy into it? Now keep this number in your head: 103.

Stingl writes that according to a recent survey by the National Retail Federation, this is the amount we spend on averagein dollarson Valentine’s Day. 103. Dollars. On average. That’s a lot of money being poured into confections, frou-frou dinners, cologne, lace undergarments, flowers and the like.

I was really taken aback that people spend that much money on things that don’t really last.

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If someone in your life depends on you financially–to make the mortgage payment or to pay college tuition–it’s likely that you have considered term life insurance.

Term life insurance is a policy that covers you for a set period of time, with coverage periods ranging from one to 30 years. Term insurance is designed to cover needs that slowly disappear over time–such as your mortgage–and is different from whole life insurance, which covers you for your lifetime.

But what if you are turned down for term life insurance?

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In a few hours, the LIFE Foundation will host its first-ever Twitter Party. I know¦you™ve heard of Twitter and you™ve been to lots of great parties over the years, but you™ve never been to a Twitter Party. So let me tell you how it works.

On Tuesday February 9 from 8-9pm Eastern, LIFE has arranged for author and radio talk show personality Maria Bailey to lead a spirited online dialogue about love and life insurance. Though anyone can participate, our main goal is to engage moms in our online discussion. Maria has quite an online following of mom bloggers, and she™s been spreading the word about our party over the past few weeks.

To follow the discussion and/or participate, log onto Twitter tonight (Feb. 9) b

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Life insurance is meant to provide financial security for loved ones when the policyholder passes away. But under certain circumstances it might be beneficial to access the insurance policy benefit while you are living.

Accelerated Death Benefits Rider

In the event of a terminal illness, the accelerated death benefits provision, also known as living benefits, allows the policyholder to access the insurance policy benefit.

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High-risk jobs carry a price when it comes to life insurance policies. Dangerous occupations represent much greater risk for insurance companies, and you are likely to pay for that risk with a higher insurance premium. Despite higher rates, it’s still possible to buy life insurance if you work in a hazardous profession.

Most Dangerous Occupations

The US Bureau of Labor Statistics (BLS) ranks dangerous jobs in two ways: fatality frequency count and fatality rate.

Fatality Frequency Count

Fatality frequency count looks at the total number of worker deaths in a given occupation.

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