Category Life Insurance

Trade Your Health Secrets for a Life Insurance Discount?

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First car insurance companies started offering discounts to customers who allowed them to track their driving habits. Now a U.S. life insurance company will offer discounts and other rewards to customers who allow them to track their health habits.

A new partnership between John Hancock and Vitality Group gives policyholders “opportunities to significantly save on their annual premiums and earn valuable rewards and discounts for taking steps to improve their health.”

Vitality Group provides an i...

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How to Supercharge 4 Types of Trusts with Life Insurance

Living Trust Documents

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For the majority of you who own life insurance, it’s perfectly fine to list individuals such as your spouse or children as beneficiaries on your life insurance policy.

But, there are a number of situations when it might be better to set up a trust as the beneficiary of any life insurance policies you own instead. This could be especially important if you:

have a large estate;
your beneficiaries can’t manage money;
you wish to protect their inheritance from creditors;
you have special needs children.

Depending on the type of trust, there are many benefits which can be found for those in a variety of unusual, or more complex financial and personal situations...

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