Good news: sales jumped 10% in 2025, but 2026 might only see 2% to 6% growth.
• Whole life insurance hit a record, bringing in $6.4 billion in new premiums.
• Indexed universal life crushed it with a 17% jump, grabbing 25% of the market.
• Want stability? Whole life policies grew 12% as people sought safety.
• Bad news: term life sales barely budged, and fixed universal life actually dropped 4%.
Category: Uncategorized
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Life Insurance 2026: Good News and Bad News | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
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Choosing the right Life Insurance Plan | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
Key factors: coverage length, cash value access, and how value and benefits grow during your lifetime.
Main types listed: term, whole, universal, variable universal, and final expense insurance.
Term covers a set period; generally cheaper; tax-free payouts; fixed premiums and benefits for the term.
Choosing can include a needs assessment; advisors or agents can help match coverage to family needs.
Riders can customize coverage, but premiums ↑; cash value withdrawals may be taxed on gains or interest. -
How to Protect Life Insurance Payouts from Creditors
Life insurance proceeds usually go directly to beneficiaries and are protected from creditors. Exceptions include no named beneficiaries, deceased or unlocatable beneficiaries, policies designed to repay debts, or bankruptcy affecting cash value. Beneficiaries may face personal liability for debts in certain states or situations. To protect benefits, name and update beneficiaries, provide their contact info, or use an irrevocable life insurance trust. Consulting a professional is advised if facing creditor claims.
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Happy St. Patrick’s Day | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
St Patrick's Day is the day we all turn a bit Irish.
13 million pints of Guinness are consumed worldwide on St. Patrick's Day.
Green is now the traditional color of St. Patrick's Day. -
Insurance and Income Protection Every Doctor Should Know
Doctors face unique financial risks requiring protections like disability, umbrella liability, malpractice, and sometimes whole life insurance for estate planning. Whole life insurance suits ultra-high net worth individuals needing guaranteed death benefits or liquidity but isn't essential for all. Umbrella insurance protects against large judgments and is advised as assets grow. Two-physician households should plan disability coverage based on income replacement needs. Insure only against true financial catastrophes. Disability insurance is crucial as many doctors face disability risks.
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Why Life Insurance Matters Before Saying “I Do” | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
Marriage merges lives and finances, making life insurance crucial for long-term security.
Couples often delay insurance, but early planning protects partners and creates a financial legacy.
Marriage triggers special health insurance enrollment, affecting eligibility, taxes, and employer plan costs.
Life insurance rates are lowest when young and healthy, making early coverage strategic.
Term insurance offers affordable temporary protection; whole life adds cash value for long-term stability. -
Average Life Insurance Rates for March 2026
The average life insurance cost is $26 monthly for a 40-year-old with a $500,000, 20-year term policy. Premiums depend on age, gender, health, smoking status, family history, occupation, and lifestyle. Term life is cheaper than whole life. No-exam policies cost more. Women pay less due to longer life expectancy. Smoking significantly raises rates. Buying early, choosing term life, quitting smoking, managing health, and shopping around can lower premiums.
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How to Shop for Life Insurance: Key Tips for Families
Life insurance is essential for those with dependents, as it can provide financial support if the primary income earner passes away. Term life insurance is the most affordable option, typically covering a specified term, while permanent life insurance lasts for life but is more expensive. To determine coverage needs, consider current expenses and future financial obligations. It's crucial to choose reputable insurers and compare quotes. Regularly review beneficiary designations and consider both parents for coverage, as non-working spouses also contribute significantly to household finances.
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How to Choose and Change Life Beneficiaries | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
Life insurance payouts follow beneficiary designations, not your will, making updates critical after marriage, divorce, or family changes.
Naming both primary and contingent beneficiaries helps prevent legal delays and ensures benefits reach loved ones quickly.
Review beneficiaries yearly or after major life events to avoid unintended payouts or disputes during already difficult times.
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Happy Women’s Day | helping you find the right coverage. Click to contact me: https://www.roomvu.com/landings/insurance-coverage/mike-harrington
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote.
Things were made official in 1975 when the United Nations started celebrating the day.
International Women's Day has become a date to celebrate how far women have come in society, in politics and economics.
While the political roots of the day mean, strikes and protests are organized to raise awareness of continued inequality.