HARE PRAISES DECISION TO CUT LIFE INSURANCE PREMIUMS FOR MILITARY PERSONNEL Decatur Tribune
30.04.10
WASHINGTON, DC-Congressman Phil Hare (D-IL) today praised the Department of Veterans Affairs’ (VA) decision to cut life insurance premiums for military personnel.
Military personnel insuring their families under the Servicemembers’ Group Life Insurance (SGLI) program, which is administered by the VA, will have reduced out-of-pocket expenses beginning July 1.
Family SGLI monthly premium rates will be reduced for all age groups by an average of 8 percent. The new rates are based on revised estimates for the cost of the program. This is the third time that premiums have been reduced since the FSGLI program began in November 2001. SGLI Family Coverage provides life insurance protection to military personnel for their spouses and children. Children are automatically insured for $10,000 with no premiums charged.
“I commend Secretary Shinseki for helping to ease the burden on our military families through more affordable life insurance premiums,”
Source:
Baby Boomers Burial and Final Expense Insurance
The costs for burial and final expenses are increasing. What can you do? Many baby boomers may have to contend with the issue of costs of their burial and of final expenses once they are gone. If you have not gone over your estate and your final expenses yet, that is something you may want to consider. You may find that your current life insurance is not enough to cover all of the expenses that will be incurred.
Burial expenses nowadays are nothing like they were ten or so years ago- they much more costly. The current cost for a funeral can range between $8,000 and $10,000 and this is for an average funeral. Fortunately, final expense insurance is available at affordable prices to help baby boomers ensure that their family members don’t have to take on a financial burden during a time of grief.
Plan in advance and protect your family. Final expense life insurance takes care of your burial and final costs of your estate. It is whole life insurance also known as permanent insurance so it won’t expire and the premiums remain level for the rest of your life. You can keep it for the remainder of your days to make sure your family is protected from the burden of your final expenses.
Take the first step by getting a free quote so that you can make a decision about what insurance is right for you. Get started and protect your family today.
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