The Top 5 Scariest Things About Life Insurance

31 Oct 2011 10:30 Africa/Lagos


The Top 5 Scariest Things About Life Insurance

From renewal problems involving term life to the potential for losing your shirt with a bad variable universal life insurance investment, Life Quotes, Inc. emphasizes the importance of understanding your life insurance policy.

PR Newswire

DARIEN, Ill., Oct. 31, 2011

DARIEN, Ill., Oct. 31, 2011 /PRNewswire/ -- Life Quotes, Inc. has compiled a list of the top 5 scariest things about life insurance, calling attention to the importance of going over your life insurance policy with a trusted insurance agent no less than once a year to make sure that the policy you own is keeping up with the changes in your life. If you should die, the only way to truly protect your loved ones from financial peril is with life insurance. But before you sign the dotted line, or pay another renewal bill, make sure you have a thorough understanding of how your policy works.

The following is a short list of some of the most frightening and often overlooked features of a life insurance policy:

TERM LIFE (TL)
Term life insurance doesn't age gracefully

Term life may be the least expensive life insurance policy you can purchase, but it is only in-force for a designated term, typically 10, 15, 20 or 25 years. And if you have to renew a term life policy under the guaranteed renewal clause—look out! The cost of built-in, no-exam renewal feature can often be five or ten times the cost of the premium you have been paying. And then, most renew on an annual basis in which the premiums rapidly escalate even further into the stratosphere each year thereafter. To avoid this problem, consider buying a longer initial rate guarantee at the outset. Many companies now offer 30-year term, level term to age 65 and even level term for life, in which you'd never be subject to a price increase.

WHOLE LIFE (WL)
Creeping death of your cash value

"If you are only looking at immediate, short-term goals, you don't want to invest in a whole life insurance policy because the surrender charges in the early years would dramatically reduce the cash value and you may find that you paid far more for the policy in premiums than what it's worth," said Michelle Matlock, editor of Life Quotes, Inc.

Consider buying whole life only if you want coverage for the very long haul and have no intentions of canceling in the early years.

VARIABLE (VL), UNIVERSAL (UL), and VARIABLE UNIVERSAL LIFE (VUL)
These policies assume investment risks that can murder your overall value

If you are being pitched on a variable or universal life insurance policy that is being sold as "self-sustaining," watch out because long-term, non-guaranteed projections with life insurance can be very misleading. Not only might it take 10 or more years to build up enough cash value to cover future premiums, but also inherent in those projections is an assumed interest rate that can be wildly off over a long period of time. When interest rates are projected to be high, the cash value grows at an alluring, faster rate, but when interest rates are low, cash values grow very slowly. To avoid trouble, always ask the selling agent to show you and explain the "guaranteed" values columns in the illustration, as they will show a true, worst-case scenario.

A variable universal life insurance policy is far more risky. The policy is dependent on how well the investments tied to the cash value perform in the stock market. If the stock market goes south along with your investments, this will greatly impact your cash value and the security of your death benefit. There are several upfront charges on a VUL that make it very pricey coming out of the gate. In addition to this, these policies can have astronomically high surrender charges if you decide to partially or fully surrender the policy in the first 10 years.

For a full list of "Top 5 Scariest Things About Life Insurance" go to http://www.lifequotes.com/articles/lifeinsurance/the-top-5-scariest-things-about-life-insurance/

About Life Quotes, Inc.

Originally founded in 1984, Life Quotes, Inc. owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers. Visitors to the Company's website, www.lifequotes.com, are able to obtain instant car, life, health, home and business insurance quotes, and have the freedom to buy online or by phone from any company shown. Life Quotes, Inc. generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. We also generate revenues from the sale of website traffic and insurance leads to various third parties.

SOURCE Life Quotes, Inc.

CONTACT: Michelle Matlock, Editor, +1-630-515-0170, ext. 335, editor@lifequotes.com

Web Site: http://www.lifequotes.com


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31 Dec 2010 10:00 Africa/Lagos



The Top Baby Names of 2010 Revealed

LONDON, December 31, 2010/PRNewswire/ -- Katie and Amy have fallen out of the list of the top 20 female christian names, it emerged yesterday (30th January 2010).

The monikers of troubled stars Katie Price and Amy Winehouse have been replaced by prettier and less infamous names, Maisie and Isabella.

The highest climber in the list of the most popular girls' names in the UK today is Bella, due in no small part to the lead character in Twilight, played by actress Kristen Stewart. Lacey, as in EastEnders actress Lacey Turner, is also on the up, soaring from number 57 up to 37. Florence is also becoming increasingly popular, moving up 33 places, as is Maisy.

Olivia is still top after 3 years and Sophie is still second. Lily is now third, up from 8th place, with Emily and Ruby completing the top five.

In the boys list Jack has finally been bumped off top spot by Oliver after 16 years in first place. Jack is now second while Harry, Charlie and Alfie, all non-movers, make up the top five.

Another bad year for F1 ace Lewis Hamilton has seen the popularity of his first name drop from 13th to 19th place, whilst his singer girlfriend Nicole Scherzinger fares even worse, with the name Nicole dropping seven places down the girls list to 84th place.

Ollie emerged as the biggest climber - up 56 places to number 53 - while Zachary, perhaps inspired by High School Musical's Zac Efron or even the son of jungle queen Stacey Soloman, has also become more common.

Bobby - the name of the late Jade Goody's son - is another big climber, up 25 places to number 70. And Kai - Coleen and Wayne Rooney's son has stepped up 10 places to number 56, despite his father's indiscretions.

The list was compiled by parenting club Bounty from names given to 423,000 children born in England, Scotland, Wales and Northern Ireland during 2010.

Yesterday, Faye Mingo, spokeswoman for bounty.com (http://www.bounty.com/) said: ''Our records show that parents are continuing to be influenced by popular culture and celebrity trends.

"The remarkable rise in popularity of names such as Ollie and Florence are most probably due to the X Factor star Olly Murs and the singer from Florence and the Machine experiencing their time in the limelight.

"However, parents are looking to a wide range of sources for influence and also seem to be rediscovering more traditional, 'old-fashioned' names like Ava and Stanley which have been more associated with grandparents in the past.

"Biblical names are also proving popular with Noah rising 20 places to 15th place and Jacob up 7, just missing the top ten."

Olivia is enjoying its third year in top spot after deposing Grace in 2008.

Jessica climbed one place to sixth, while Chloe dropped from fifth to seventh. Ava made it into the top ten for the first time while Grace slipped to ninth from sixth.

Amelia completed the top ten. Lucy was a non-mover at 13 while the next four places were all taken up by new names, including Isabella which climbed eight places to 14th.

Megan, Isla and Freya have all become more popular as has Lilly, most probably inspired by the singer Lily Allen.

On the boys list Jack finally surrendered top spot to Oliver but very little of the rest of the top ten changed. William climbed one spot to eighth as did Daniel to ninth while James slipped two to tenth.

Other names we will be hearing more regularly includes Logan, which climbed seven places to 17th and Oscar, which moved up four to 22nd.

Callum and Liam seem to have had their day - they were the biggest fallers in the top 30, seven and nine places respectively.

And new entries into the bounty.com top 100 lists were Esme, Courtney, Jude, Elliot and Stanley.

Faye Mingo added: "A recent study we ran found that one in five parents regret the names they have chosen for their children, so it's more important than ever for parents to choose a name them and their child will love for the rest of their life.

"It's hard to predict what we'll see next year but it's most probable that celebrities and popular culture will again play a part - and with a royal wedding on the horizon we may well see an increase in Williams and Kates born in celebration!"

See the Top 100 boys and girls names of 2010 and check the latest regional popularity (http://www.bounty.com/baby-names/regional-names) ratings at Bounty's baby names (http://www.bounty.com/baby-names) section which features a host of unique and handy functions to help parents decide on baby names. As well as being able to search names using letters of the alphabet (http://www.bounty.com/baby-names/names-beginning-with), number of syllables, origin, and meaning, parents can also search trend graphs which show if names are declining/growing in popularity as well as popular sibling/middle names for their chosen name, amongst a host of other useful tools.


TOP 100 BOYS NAMES 2010

1. Oliver
2. Jack
3. Harry
4. Charlie
5. Alfie
6. Thomas
7. Joshua
8. William
9. Daniel
10. James
11. Jacob
12. George
13. Ethan
14. Lucas
15. Noah
16. Max
17. Logan
18. Joseph
19. Lewis
20. Dylan
21. Samuel
22. Oscar
23. Ryan
24. Archie
25. Riley
26. Jayden
27. Tyler
28. Jake
29. Callum
30. Liam
31. Alexander
32. Connor
33. Luke
34. Adam
35. Benjamin
36. Matthew
37. Leo
38. Finley
39. Jamie
40. Alex
41. Freddie
42. Mason
43. Harrison
44. Henry
45. Ben
46. Harvey
47. Nathan
48. Isaac
49. Cameron
50. Aaron
51. Theo
52. Edward
53. Ollie
54. Finlay
55. Owen
56. Kai
57. Harley
58. Aiden
59. Michael
60. Toby
61. Sam
62. Leon
63. Kyle
64. David
65. Rhys
66. Evan
67. Bailey
68. Reece
69. Zachary
70. Bobby
71. Ashton
72. Kian
73. Sebastian
74. Luca
75. Kayden
76. Louis
77. Zac
78. Taylor
79. Brandon
80. John
81. Hayden
82. Billy
83. Caleb
84. Jude
85. Blake
86. Joe
87. Louie
88. Jay
89. Christopher
90. Joel
91. Bradley
92. Ellis
93. Corey
94. Elliot
95. Zak
96. Robert
97. Stanley
98. Aidan
99. Jenson
100. Patrick

TOP 100 GIRLS NAMES 2010

1. Olivia
2. Sophie
3. Lily
4. Emily
5. Ruby
6. Jessica
7. Chloe
8. Ava
9. Grace
10. Amelia
11. Mia
12. Evie
13. Lucy
14. Isabella
15. Maisie
16. Poppy
17. Daisy
18. Ellie
19. Ella
20. Megan
21. Isla
22. Freya
23. Charlotte
24. Lilly
25. Summer
26. Isabelle
27. Holly
28. Sophia
29. Millie
30. Erin
31. Katie
32. Amy
33. Scarlett
34. Hannah
35. Lexi
36. Imogen
37. Lacey
38. Molly
39. Eva
40. Brooke
41. Lola
42. Phoebe
43. Layla
44. Emma
45. Leah
46. Abigail
47. Sienna
48. Gracie
49. Amber
50. Jasmine
51. Alice
52. Matilda
53. Elizabeth
54. Anna
55. Madison
56. Rosie
57. Paige
58. Lauren
59. Isabel
60. Bethany
61. Caitlin
62. Georgia
63. Faith
64. Lexie
65. Florence
66. Rebecca
67. Niamh
68. Zoe
69. Maya
70. Skye
71. Maddison
72. Tilly
73. Keira
74. Scarlet
75. Tia
76. Amelie
77. Libby
78. Sofia
79. Sarah
80. Aimee
81. Isobel
82. Esme
83. Zara
84. Nicole
85. Julia
86. Martha
87. Maisy
88. Heidi
89. Abbie
90. Mya
91. Darcy
92. Rose
93. Eleanor
94. Kayla
95. Miley
96. Hollie
97. Eve
98. Bella
99. Evelyn
100. Courtney

TOP 100 BOYS NAMES 2009

1. Jack
2. Oliver
3. Charlie
4. Harry
5. Alfie
6. Thomas
7. Joshua
8. William
9. James
10. Daniel
11. George
12. Ethan
13. Lewis
14. Max
15. Lucas
16. Dylan
17. Archie
18. Joseph
19. Jacob
20. Samuel
21. Liam
22. Callum
23. Oscar
24. Jayden
25. Logan
26. Ryan
27. Jake
28. Tyler
29. Riley
30. Luke
31. Harvey
32. Ben
33. Adam
34. Alexander
35. Benjamin
36. Leo
37. Matthew
38. Noah
39. Connor
40. Alex
41. Jamie
42. Harrison
43. Mason
44. Cameron
45. Owen
46. Henry
47. Nathan
48. Finley
49. Aaron
50. Freddie
51. Issac
52. Sam
53. Finlay
54. Theo
55. Harley
56. Aiden
57. Toby
58. Edward
59. Rhys
60. Michael
61. Evan
62. Kyle
63. Leon
64. Reece
65. David
66. Kai
67. Ashton
68. Bailey
69. Kian
70. Louis
71. Taylor
72. Hayden
73. Brandon
74. Joe
75. Jay
76. Luca
77. Kayden
78. Ewan
79. Joel
80. Sebastian
81. Zac
82. Ellis
83. Josh
84. Aidan
85. John
86. Billy
87. Zak
88. Bradley
89. Kieran
90. Blake
91. Christopher
92. Morgan
93. Caleb
94. Louie
95. Andrew
96. Bobby
97. Gabriel
98. Robert
99. Elliot
100.Jude

TOP 100 GIRLS NAMES 2009

1. Olivia
2. Ruby
3. Sophie
4. Chloe
5. Emily
6. Grace
7. Jessica
8. Lily
9. Amelia
10. Evie
11. Mia
12. Lucy
13. Ava
14. Ella
15. Charlotte
16. Amy
17. Daisy
18. Katie
19. Megan
20. Summer
21. Ellie
22. Isabella
23. Holly
24. Millie
25. Poppy
26. Freya
27. Erin
28. Isla
29. Isabelle
30. Hannah
31. Emma
32. Brooke
33. Molly
34. Phoebe
35. Eva
36. Leah
37. Lilly
38. Abigail
39. Sophia
40. Imogen
41. Maisie
42. Scarlett
43. Lexi
44. Jasmine
45. Lola
46. Layla
47. Isabel
48. Lauren
49. Amber
50. Madison
51. Matilda
52. Elizabeth
53. Bethany
54. Sienna
55. Rosie
56. Anna
57. Gracie
58. Paige
59. Alice
60. Caitlin
61. Georgia
62. Maddison
63. Rebecca
64. Lacey
65. Isobel
66. Faith
67. Libby
68. Tia
69. Keira
70. Lexie
71. Niamh
72. Skye
73. Nicole
74. Aimee
75. Sarah
76. Zoe
77. Eleanor
78. Amelie
79. Julia
80. Eve
81. Maya
82. Tilly
83. Zara
84. Martha
85. Sofia
86. Scarlet
87. Darcy
88. Abbie
89. Victoria
90. Heidi
91. Alexandra
92. Taylor
93. Miley
94. Kayla
95. Mya
96. Lydia
97. Florence
98. Evelyn
99. Rose
100. Courtney

Notes to Editors:

- The top 100 boys and girls names lists were compiled using data
collated from the registered births of Bounty Parenting Club members in
2010

- Bounty (http://www.bounty.com) is the UK's favourite parenting club,
providing information, support and products for young families
throughout the four key-life stages: pre-birth, birth, toddlers and
pre-school

- With 2.5 million members and over 50,000 new members joining
every month, Bounty reaches 9 out of 10 new and expectant parents in
the UK through its Bounty bag sampling

- http://www.bounty.com has 750,000 opted-in members and a further
28,000 new members joining each month
- http://www.bounty.com/baby-names features a host of unique and
handy new functions and tools to help you decide on baby names.
Whether your heart is set on a name and you want to find out more about
its origin or meaning, have absolutely no idea how to go about choosing
a name or simply want to find a name rated by others as 'cool' or
'exotic', Bounty.com is the go-to site for all your naming needs. In
just one click you can search:

- Regional mapping (search the popularity of names throughout the UK
based on where you live)

- Middle names (search for names that are most commonly used as middle
names with your chosen first name)

- Sibling names (search for common sibling names alongside your chosen
first name)

- Rate names according to how 'cool', 'great', 'traditional', 'exotic',
'unique' they are

- Find out nick-names, explore famous people names, and characters
featured in books, TV or film

- Find out who else likes the names you do and ask friends and family to
confidentially rate your favourite names

- Name trend graph showing if names are in declining/growing in
popularity

- Search using letters of the alphabet, number of syllables, origin, and
meaning

- Collate your own 'shopping basket' of preferred names

Source: Bounty UK Ltd

For further information please contact Rachel Burrows on +44-(0)1707-294000, or email rburrows@bounty.com