I don't Need Life Insurance Right Now

Most people do not really want life insurance, but most people really need it. My son is 33 and he was talking to a college buddy last week. This is a guy who is the same age and is married with one son. He makes an excellent living and can afford a lot of term insurance at a very low cost. He has been putting it off because he is so young he figures his odds of dying are very low. He's right, they are low.

Early week his 29 year old wife went to the doctor because she was feeling flu-like symptoms. I have not learned exactly what disease she contracted, but two days later she died. A terrible story for sure, but it proved that we never know when it is our time to leave this earth.

Many young people we encounter feel they are bullet proof and will use the price of life insurance premiums for other more necessary things. Most older people we encounter wish they had purchased more insurance when it was so inexpensive.

That is one reason why young parents are looking into insurance policies on their babies. Not only are they a great way to help save money for college, but they also enable that child to buy policies that cost so much less when they are adults.

The day to start looking for insurance is today. Tomorrow could be too late.

Ledger's lawyer launches suit over $10m insurance payout

A former lawyer for Heath Ledger has launched a suit against the late actor's insurance company for allegedly refusing to pay out the $10m (£5.5m) in benefits due to Ledger's two-year-old daughter. John S LaViolette maintains that ReliaStar insurance company, with whom the 28-year-old Dark Knight star took out a life insurance policy in 2007, claim the policy is null and void because his death in January this year was suspicious and possibly a suicide, even though officials have ruled that he died from an accidental overdose of painkillers and other medicines. LaViolette claims that he is also listed as a beneficiary in Ledger's policy and is suing to get the money for Matilda Rose, Ledger's daughter from his marriage to Michelle Williams. ReliaStar has stated that it is entitled to investigate because Ledger died within two years of taking out the policy and called the lawsuit "premature" as no decision had been made on the claim. A hearing is scheduled for December 1.

Need helping looking over your insurance policy? Are you with the right life insurance company? Contact Ryan Perrenoud today for a quick evaluation.

Genworth may spin off mortgage insurance unit

from MarketWatch - http://www.marketwatch.com/news/story/genworth-says-may-spin-off

SAN FRANCISCO -- Genworth Financial said Tuesday it may spin off its mortgage insurance business as the insurer tries to reduce its exposure to the housing crisis.

Genworth shares surged 72% to close at $8.61 on Tuesday. The stock lost roughly half its value on Monday after the $700 billion government bailout plan failed in the House of Representatives, spooking investors. Genworth has lost two-thirds of its market value so far this year.

Genworth sells life insurance, long-term care coverage and offers retirement and wealth-management services, while also running an international unit. But investors have generally overlooked those businesses this year and worried about the company's mortgage insurance operations instead.

Genworth's U.S. mortgage insurance business may be worth more than $2 billion, UBS analyst Andrew Kligerman estimated in a note to investors. He has a buy recommendation on Genworth shares.

At ConectUS Insurance we strongly believe in this Insurance Company as a viable option to consider when seeking life insurance. Solid and stable. Genworth also highlighted more than $800 million in cash and cash equivalents at the holding company and almost $4 billion in cash and cash equivalents in its operating companies.