life insurance

Dispelling the Top 12 Myths About Life Insurance

There's something about life insurance that just freaks some people out -- we'd prefer not to consider our mortality. But September is life insurance awareness month, and lack of knowledge breeds fuzzy thinking. So we've sorted some facts from fictions and debunked an even dozen myths about life insurance.

Can Your Financial 'Plan B' Withstand the Unexpected?

Having a plan in case of a major life crisis is important and, according to State Farm's Financial Plan B survey, 81% of us know it. But only 45% of those surveyed said they've actually planned ahead for that crisis. If you have a plan, it may not be a solid as you think. And if you don't, here's how to begin creating one.

Don't Let Nana Drive You Into Bankruptcy

For children, excursions with grandmother are an adventure. As time passes, however, the ride into the golden years can get bumpy; if you're financially unprepared, it can take a dramatic turn for the worse, and even drive you and your family into bankruptcy. Here are some steps you can take to prevent that.

Six Financial Myths Your Father May Have Taught You

You love your dad, but you don't have to buy everything he taught you about money. DailyFinance celebrates Father's Day by debunking six financial myths he might have held held true. He still deserves the socks and the cologne. Just don't necessarily trust him with your portfolio.

Insurance Riders: When to Say Yes to Extra Protection

Ordinary insurance policies cover the basics -- but what if you want more? The industry will happily take more of your money to give you the added piece of mind that a rider can provide. The question is, when are riders worth it?

Gene Simmons Plants a KISS on Estate Planning for the Rich

The KISS frontman may still want to rock all night and party every day. But lately he's been getting up relatively early, putting aside the makeup and fake blood and embracing financial responsibility -- pitching the financial advisory services from Cool Springs.

AIG's Nan Shan Unit Attracts Multiple Buyout Bids

AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.

Put These 12 Financial Resolutions for 2011 on Your List

After the Great Recession and with volatile stock markets and unemployment keeping Americans jittery, more people are ready to commit to improving their personal financial situation in 2011. Here are a dozen steps that can help put you on the road to fiscal security.

Legal Briefing: Fraud Suit Against AIG Gets the Go-Ahead

AIG's successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfolio and its actions in the subprime mortgage market.

There's No Hiding: Nine Industries That Know Your Every Move

Don't kid yourself. Real privacy no longer exists in this country. From your hobbies to your income to your phone calls, pretty much everything about you is tracked by someone, somewhere. We've examined the most intrusive firms and industries -- some of them may surprise you.

Yes, Life Insurance Can Be a Smart Investment

One common mistake is that many investors follow this oft-repeated advice: Buy term life insurance and invest the difference. But most people who buy term insurance don't "invest the difference." They "spend the difference."

Health Care Reform's Hidden Tax on Annuities

The Obama administration is trying to encourage people to buy annuities for retirement. But a little-noticed provision of the new health care reform law slaps a 3.8% tax on payouts from certain annuities. And, not surprisingly, the life insurance industry isn't happy about that.