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Debbie Wingham announcing first episode on Gossip Stone TV

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Debbie Wingham announcing first episode on Gossip Stone TV
Debbie Wingham announcing first episode on Gossip Stone TV

Debbie Wingham, the star of The Most Expensive reality TV show is announcing first episode release on Gossip Stone TV November 6

Diamond Debbie is a couturier and international artist with a Hollywood client list and more than 2 million followers who love her inspiring and glamorous life. It’s a title hard won, though. A coal miner’s daughter brought up on a council estate in South Yorkshire (what Americans call ‘the projects’), she left school with few qualifications due to her dyslexia.

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

“When asked what I wanted to be when I was older, ‘the world’s most expensive artist’ didn’t really spring to mind!” she says drily. “I thrived on needle work and art, but the rest weren’t up too much. But I always had drive and an incredible work ethic. I knew I was going to move to London and take over the fashion world. How I would do that I had no clue, but I never have been into the word ‘no’. It just doesn’t enter my vocabulary!”

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

She had no means to fund her own fashion business or barely even buy fabric, let alone move to London, but that didn’t stop her, and the gutsy teenager moved to the capital the moment she turned 18.

Standing at six feet, Debbie followed the path of many tall young women in the early 2000s and turned to promotional work. A typical day would see her work as a Mercedes model by day and a Dunhill girl by night. In between shifts she did a whole lot of sewing and not much else.

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

“I prioritised fabric shopping over food and lived on champagne and canapes from all the fabulous events I was invited to, almost like a socialite but minus the trust fund! They were a great way to network and get fed and hydrated,” she says.

The work, though gruelling, enabled her to buy fabrics and soon she was trading at London markets before opening a third-floor store on King’s Road. Debbie soon realised she had a flair for couture gowns, after a fashion critic admired her first frock. Her signature style was ethereal, graceful, and timeless gowns designed to look great today, tomorrow, and in ten years’ time.

Her days involved a lot of heartache and having door after door close in her face. Much of the rejection derived from the snobbery in the industry.

People would say things like, ‘your work shows potential, but your accent doesn’t belong in Haute Couture’ referencing my Yorkshire accent.”

“One particular fashion editor told me I was going nowhere fast the minute I opened my mouth. Some years later this same editor asked to wear one of my dresses to a red-carpet event. I replied, ‘but darling, you don’t want to wear a frock made by someone from Yorkshire do ya?’”

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

Debbie moved to LA and started to gain celebrity attention, not least through a collaboration with Van Cleef & Arpels, who loaned a quarter of a million dollars’ worth of jewels for a fashion show at the highbrow Chateau Marmot. It was also around this time that Wingham began working with salvaged fabric. She scoured thrift stores and revamped vintage clothes, something she still does today.

Debbie Wingham Gossip Stone TV

Although her show garnered her a lot of publicity, the sales didn’t follow and she lived off tinned food, often having to choose between buying fabric or paying the rent. On a trip to the UK to rethink her life she met her now husband Damian. They settled down and yes, she made her own wedding dress.

Debbie Wingham Gossip Stone TV

Soon after they got married a daughter arrived, a younger sister for his two beautiful girls. This stability, coupled with a new clarity that motherhood brought, led to her lightbulb moment ten years ago – to design the world’s most expensive frock – the Black Diamond Dress. 

Again, it didn’t come easy. It took a whole year to find a company that would loan her the diamonds. “Then I had to get round the security side of a creation like this. It was extremely time consuming and very expensive.

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

The World’s Most Expensive Dress was a huge success and soon went viral. Clients started commissioning designs and she created a series of ‘World’s Most Expensive’ items, including the ultimate upcycle project, a 6.7 million dollar bag made from reworked gold and diamonds, a pair of 15.1 million dollar shoes, and advent calendar priced at a whopping 11 million dollars and a this is the tip of the iceberg.

Her cakes, including the million-dollar wedding cake, are legendary and she has designed them for celebrities such as Kim Kardashian, Drake, and Justin Bieber.

Having swapped fabric for fondant, Debbie now took another creative direction in 2020 when the Covid pandemic hit. She tried her hand in fine art and hit the headlines once more as she continues to evolve.

Debbie Wingham Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

Her latest TV series will be the first time she ever opened the doors into her private life. The show is called The Most Expensive and it airs on the Gossip Stone TV channel on Amazon Fire TV, Roku TV, and Apple TV with the first episode on November 6.

It may look like she lives a blessed life but when you tune in, don’t forget that this Yorkshire Lass worked for everything she has. It didn’t happen by chance; it came with hard work and rejection, and it was an uphill struggle.

The series taps into the trials and tribulations of the extraordinary things she creates, one day a gigantic cake, the next an haute couture gown, with a massive mural in between.

Debbie Wingham announcing first episode on Gossip Stone TV
Debbie Wingham in The Most Expensive show on Gossip Stone TV

One thing for sure is that her always upbeat attitude lifts the viewers’ spirits and inspires them. Many luxury TV shows can leave you with a bitter taste in your mouth or make you feel bad about one’s own situation, but if a coal miner’s daughter can live her dream, it’s a testament that we can all succeed.

How to Reduce Your Interest Rate

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How to Reduce Your Interest Rate
NEW YORK - November 4, 2022 - (Newswire.com)

iQuanti: Many people find borrowing money intimidating because they believe interest rates will impact their ability to pay off debts. And since banks apply interest rates to most financial products, the possibility that debt will add up too quickly to pay off is very real.

If you're worried about or struggling with high-interest rates, an affordable personal loan can help to reduce your payments and save you money. Here's how personal loans work and can help you reduce your interest rates.

How Personal Loans Work

You can use a personal loan for most purchases, including a vacation, emergency funds, or even home improvements. When applying for a personal loan, there are two basic types: A secured and an unsecured option. 

Lenders that offer secured loans will require you to use collateral, like a car or home, to ensure they make their money back even if you miss payments. Lenders that provide unsecured loans do not require collateral.

Another difference is that unsecured personal loans usually have higher interest rates than secured loans. In either case, both choices of personal loans can help you benefit from a lower APR than most credit card interest rates and can be a great way to consolidate debt.

How Personal Loans Can Help Reduce Your Interest Rate

Firstly, a personal loan can be an excellent way to consolidate payments. You reduce the risk of missing or submitting late payments by bundling several monthly high-interest debt payments into a single payment. By consolidating your debts into a personal loan with a lower interest rate, you can save money on interest and pay off your debt faster.

Personal loans can also help you save on interest if you use them to refinance high-interest debt. For example, if you have a credit card with an interest rate of 15%, you could take out a personal loan at 10% and use it to pay off the credit card balance. Doing this would save you money on interest in the future and help you pay off any current debt faster.

Finally, and in a roundabout way, personal loans used in either of these ways, coupled with good credit practices, should reduce your debt over time. As you pay off debts, your credit utilization ratio improves in the eyes of credit bureaus. Once banks report back to these bureaus that you're reducing your debt, your credit score will increase. With some time, you'll have a credit score that is rewarded with favorable interest rates.

If you're considering taking out a personal loan to reduce your interest rate(s), compare offers from multiple lenders to find the best rate. And remember, personal loans are not a magic solution to all your financial problems. Be sure only to borrow what you can afford to pay back, and make your payments on time to avoid late fees and damage to your credit score.


Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: How to Reduce Your Interest Rate

How Debt Consolidation Can Improve Your Finances

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How Debt Consolidation Can Improve Your Finances
NEW YORK - November 4, 2022 - (Newswire.com)

iQuanti: While some consider it a risky strategy, many financial gurus recommend using debt consolidation to improve your finances. By consolidating your debt, you can save money on interest and fees and get out of debt faster. Debt consolidation is not suitable for everyone, so you should understand the pros and cons before consolidating your debt.

The Pros of Debt Consolidation

The most significant benefit of debt consolidation is that it can save you money. When you consolidate your debt, you may qualify for a lower interest rate than the one (or ones) you are already paying. Doing this can help you pay off your debt faster and save on interest charges, improving your credit utilization ratio and credit score over time.

Another pro of debt consolidation is that it can simplify your finances. Keeping track of every payment and due date can be challenging when you have multiple debts. Debt consolidation can help by combining all your debts into one regular payment. By not missing or being late on payments, creditors will trust that you are a responsible borrower. Credit bureaus may even increase your credit score if your lender reports your track record of paying back debts on time.

The Cons of Debt Consolidation

There are also some potential drawbacks to debt consolidation. One con is the possibility that you may spend more money in the long run. Debt consolidation usually lengthens the repayment periods of your debts, so you might pay more interest over the life of one loan than paying off several smaller loans. Understanding the fine print of consolidating debt can help you avoid paying back more debt than you intend to in the future.

Another potential downside of debt consolidation is that it can sometimes be challenging to qualify. Depending on your choice of lender, you may not be able to get a consolidation loan with a low-interest rate if you have a poor credit history. If you're trying to improve your finances by consolidating your debt, your choice of lender may make all the difference.

Before you consolidate your debt, ensure you understand everything there is to know about the process. Always consider all the options available before pursuing debt consolidation, and always read the terms and conditions before agreeing to consolidate your debts.


Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: How Debt Consolidation Can Improve Your Finances

How to Improve Your Credit Score

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How to Improve Your Credit Score
NEW YORK - November 4, 2022 - (Newswire.com)

iQuanti: If you want to improve your credit score, there are a few simple strategies that anyone can follow. That could mean finding financial support services that will lead you to make more informed credit decisions. Or it could mean using a personal loan to leverage debt to increase your score. Learn more about improving your credit score with some helpful tips.

Using personal loans is a great way to build your credit score if you decide to use one or more of them for debt consolidation. Credit card interest rates vary drastically, but most lenders have loans with more manageable APRs. Additionally, receiving a loan can help lower your credit utilization ratio, contributing to a better credit score.

Another way to improve your credit score is by making sure you make all your payments on time and in full, including any bills, loans, or other debts you may have. Paying off debts on time shows lenders that you're a responsible borrower, improving your chances of getting approved for future financial products. And, as an extra benefit for paying off debts on time, it also saves you money in the long run by avoiding unnecessary and costly interest charges and late fees.

You can also boost your credit score by diversifying the types of credit attributed to your credit history. Contacting a financial service provider means using revolving lines of credit, like credit cards or HELOCs, and installment loans, like personal or auto loans. Having a mix of different types of credit shows lenders that you can handle different kinds of debt responsibly.

Finally, you can improve your credit score simply by maintaining a good credit history. You should keep your credit accounts open and active, even if you don't use them regularly. Lenders who see you have a long history of responsible credit use, making timely payments to keep debts low, are more likely to approve financial products for you.

If you're looking to improve your credit score, these are some of the easiest ways to do it. Following these tips should prove to lenders that you're responsible with money and are a borrower they can gladly partner with to help you meet your financial goals. After your credit score improves, accessing financial products of any kind should be much more straightforward. On top of that, these products may even have better terms and conditions, like lower interest rates for personal loans.


Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: How to Improve Your Credit Score

Debt Consolidation vs. Debt Refinancing

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Debt Consolidation vs. Debt Refinancing
NEW YORK - November 4, 2022 - (Newswire.com)

iQuanti: Debt consolidation and debt refinancing are two methods of repaying your debt. Deciding between the two will depend on what's better for your financial circumstances. Whether you decide on refinancing a loan or debt consolidation, it's important to know the differences between the two. Here's what you need to know about these debt repayment methods.

What is debt consolidation?

Debt consolidation involves combining most or all of your debts into a single large loan. The main purpose of debt consolidation is to simplify your debt repayment. In some cases, the larger loan can have better repayment terms, such as a lower monthly payment and a lower interest rate. 

Debt consolidation can make it easier to pay for debts such as credit card debt and student loan debt. You can apply for debt consolidation loans through your credit card company, your bank, or your credit union. If you can't get a debt consolidation loan through these means, you can try getting one through a private lender or a private mortgage company. 

The two types of debt consolidation loans are secured and unsecured loans. A secured loan requires you to use one of your assets, such as your car or home, as collateral for the loan. An unsecured loan does not require collateral but is usually more difficult to obtain. Interest rates can also be higher with unsecured loans. Nonetheless, they won't be as high as credit cards with unpaid balances. Make sure you know all the fees that a debt consolidation loan might come with before pursuing it.

What is debt refinancing?

Debt refinancing specifically focuses on finding more favorable repayment conditions by replacing existing debt with new debt. A loan that's refinanced can lower the interest paid on the life of the loan, and may possibly restructure the payment schedule. Your monthly payments can be lowered, allowing you to have more cash to take care of other financial needs. Some people also choose to refinance debt to switch from a fixed-rate debt to a variable-rate debt or vice versa based on the current interest rate environment. 

Different types of debt that are refinanced include credit cards, student loans, car loans, consumer loans, and mortgages. Be mindful that when you refinance your debt, the lender will do a hard inquiry on your credit reports, which may negatively impact your credit rating in the short term.

Differences between debt consolidation and debt refinancing 

The main difference between debt consolidation and debt refinancing is the number of debts involved. While debt consolidation focuses on combining multiple debts, debt refinancing focuses on negotiating new terms for one existing debt. 

Deciding between these two debt repayment options will depend on which option can give you better repayment terms and the lowest interest rate. You may find it favorable to do both, perhaps choosing to consolidate your credit card debt and deciding to refinance your student loan debt. Be sure to carefully analyze your debt repayment options before deciding whether to pursue debt consolidation or debt refinancing.


Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: Debt Consolidation vs. Debt Refinancing

Suzie’s CBD Treats Expands Their Functional Product Line

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Suzie’s CBD Treats Expands Their Functional Product Line
DENVER - November 4, 2022 - (Newswire.com)

Suzie's CBD Treats, a Colorado-based company manufacturing USDA-certified organic CBD products for pets, has announced the expansion of their product line with two new products.

The new products, Suzie's CBD Anti-Itch Stick and Suzie's CBD Goodbye UTI Drops, are made with function and relief in mind. With both products, each natural and soothing ingredient was carefully chosen with pets in mind.

Suzie's CBD Goodbye UTI Drops for cats were developed with functional ingredients to help relieve discomfort from urinary infections in cats. This product has a salmon oil base with marshmallow root, cranberry, and dandelion root extracts, along with 200 mg of full spectrum CBD oil. While this product is marketed towards cats, small to medium-sized dogs may also benefit from its use. 

"We see a lack of CBD products specifically for cats on the market, and we're proud to add choices for cat owners and will continue to develop more options," says COO Rachel Giagnocavo.

Suzie's CBD Anti-Itch Stick is made with 300 mg of full-spectrum CBD oil and infused with natural healing herbs to target skin conditions such as ringworm, yeast infections, hot spots, and allergies. It comes in a mess-free roll-on tube for easy application.

"Our goal at Suzie's CBD Treats has always been to understand the needs of pets and offer effective, high-quality products to help them live comfortable, full lives," says CEO Caleb Gilmore.

Customers can find the new Suzie's Anti-Itch Stick and Goodbye UTI Tincture in independent retailers across the country and on Suzie's website. SuziesPetTreats.com


Contact Information:
KT Cavanaugh
Marketing Manager
[email protected]


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Original Source: Suzie's CBD Treats Expands Their Functional Product Line

12th Annual National Rural Health Day is November 17

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12th Annual National Rural Health Day is November 17
Live virtual event highlights the power of rural stakeholder collaboration


National Rural Health Day

Official logo for National Rural Health Day and PowerofRural.org

STERLING HEIGHTS, Mich. - November 4, 2022 - (Newswire.com)

Each year, the National Organization of State Offices of Rural Health (NOSORH) and rural-focused organizations across the United States set aside the third Thursday of November (Nov. 17, 2022) to recognize National Rural Health Day (NRHD). Now in its 12th year, NRHD is an opportunity to celebrate the #PowerOfRural and honor the individuals and organizations serving the health needs of nearly 61 million people living in rural America.

On Nov. 17 at 2 p.m. ET, NOSORH will host a special web event - Collaboration Carpool: Conversations with Mission-Minded Rural Stakeholders. The live event will feature the following national, regional, and state leaders/influencers representing different rural stakeholder groups: 

  • United States Department of Agriculture (USDA): Kellie Kubena, USDA, and Armando Valdez, Colorado USDA
  • Broadband: Shirley Bloomfield, NTCA - The Rural Broadband Association, and Gary Johnson, Paul Bunyan Communications
  • Philanthropy: Anne Kubisch, The Ford Family Foundation, and Walter Panzirer, The Leona M. and Harry B. Helmsley Charitable Trust
  • Public Health: Dr. Brian Castrucci, de Beaumont Foundation, and Arletha Howard, Tougaloo College/Delta HealthPartners Healthy Start Initiative
  • Rural Health Clinics and Community Health Centers: Dr. Julie Wood, American Academy of Family Physicians, and Mary Zelazny, Finger Lakes Community Health and Finger Lakes Telehealth Network

In addition, NOSORH's annual e-book of "Community Stars" will be published on NRHD on PowerofRural.org, with a total of 48 states represented by individuals or organizations nominated for their outstanding rural health-focused contributions. 

Visit PowerofRural.org to reserve your seat for Collaboration Carpool: Conversations with Mission-Minded Stakeholders and to explore the 2022 Key Messages and Data Points, Idea Guides, downloadable NRHD tools, and more.


Contact Information:
Michelle Rathman
President & CEO
[email protected]
630-865-4439

Ashley Muninger
Communications Director
[email protected]
785-422-5295


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Original Source: 12th Annual National Rural Health Day is November 17

Radiology Patient Action Network Calls on Congress to Stop Deep Cuts to Medicare Coverage

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Radiology Patient Action Network Calls on Congress to Stop Deep Cuts to Medicare Coverage
"Congress must stop these double-digit, devastating cuts to independent Medicare doctors and their patients to ensure all Americans receive affordable, quality healthcare," said Bob Still, Executive Director of the RBMA.


RPAN logo

RPAN logo

WASHINGTON - November 4, 2022 - (Newswire.com)

The Radiology Business Management Association's Radiology Patient Action Network (RPAN) calls on Congress to preserve Medicare funding for physicians, following the U.S. Center for Medicare and Medicaid Services' (CMS) decision to cut payments to doctors under the Medicare Physician Fee Schedule (MPFS) across the United States. 

"At a time where nearly half of Medicare-age women have gone several years without receiving a mammogram, Congress cannot justify cutting Medicare reimbursements to doctors, especially those who conduct the screenings and procedures that help prevent deadly breast cancer and other illnesses," said Bob Still, Executive Director of the RBMA. "This takes an axe to preventative healthcare for women on Medicare, and it will also lead to the slashing of Medicaid coverage, since most states index their Medicaid rates based on Medicare. Taken together, this will worsen health inequity across America. Congress must stop these double-digit, devastating cuts to independent Medicare doctors  and their patients to ensure all Americans receive affordable, quality healthcare."

RPAN urges Congress to pass H.R. 8800, Supporting Medicare Providers Act of 2022, on behalf of providers and patients across the country as swiftly as possible to begin systematic Medicare reform, including an inflationary adjustment for MPFS.

"While independent and non-hospital-based providers across the country now face significant cuts, hospitals will receive increased reimbursements of over $6 billion dollars. With hospital Medicare rates already around 60% higher than rates for independent doctors, CMS' new policy will further spike healthcare costs for U.S. consumers," said Still. "This growing reimbursement delta will only lead to more consolidation among healthcare providers, compounding inequities between hospital-based and non-hospital-based providers, and limiting patient access to care."

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About RBMA

The Radiology Business Management Association (RBMA) is an industry-leading organization comprised of more than 2,100 professionals who focus on the business of radiology. RBMA members support diagnostic imaging, interventional radiology and radiation oncology providers in the full spectrum of practice settings. RBMA connects members nationwide to valuable information, education, and practice-related resources and serves as an authoritative industry voice on behalf of shared member interests.


Contact Information:
Will Sweet
RBMA
[email protected]


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Original Source: Radiology Patient Action Network Calls on Congress to Stop Deep Cuts to Medicare Coverage

EXIRIO Announces Launch of Premium Portfolio Tracking Services

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EXIRIO Announces Launch of Premium Portfolio Tracking Services
Transformational milestone primes fintech platform for next phase of growth. EXIRIO users can connect with over 11,000 banks and brokers across North America & Europe.

DOVER, Del. - November 4, 2022 - (Newswire.com)

Delaware-incorporated, globally accessible EXIRIO, the wealth and investment tracking app founded in 2020, announces a major milestone as it transitions from its free phase to the introduction of tiered subscriptions.

EXIRIO's goal is clear: to simplify users' lives by aggregating their wealth into one place - with minimal effort on their part, present clear information, and provide valuable insights on investment performance - without the need for a complicated and time-consuming spreadsheet.

Newly registered users will have the option to upgrade from free accounts that include connectivity to one financial institution or crypto exchange/wallet, to premium accounts with unlimited connections (USD 10 a month or USD 100 a year). EXIRIO users can connect and synchronize with over 11,000 banks and brokers in North America, Europe, and Switzerland as well as dozens of crypto exchanges.

Both free and premium account options include full access to all the other features of the app, and all existing users will automatically be upgraded to premium, free of charge. In addition, premium accounts will have dedicated, priority technical and content support. 

David Martínez de Lecea, EXIRIO CEO, co-founded the company in 2020 with a clear objective in mind: "EXIRIO gives everyone the ability to understand their wealth better, and make data-based investment decisions on the path towards financial freedom. EXIRIO's vision is to become the conduit for investors to expand their knowledge, improving access to opportunities and overall wealth growth and performance."

Piero Politeo, EXIRIO COO, added: "The introduction of tiered subscriptions within the EXIRIO platform puts us on a clear path to revenue generation while continuing to offer a market-beating wealth tracking platform for our subscribers. This is a hugely important milestone for the company as we take proactive steps towards identifying the right investment partners who will support us on our journey of future growth."

EXIRIO allows users to track any investment or liability, in over forty different currencies. Unlike any other portfolio app, EXIRIO tracks the full investment history and performance of every asset added on the platform, not just their current value. EXIRIO is packed with additional features for convenience and peace of mind.

Users can upload all documents relating to their wealth (1 GB space is offered to any registered account) and third-party access (view, edit or emergency access) can be conveniently granted to trusted individuals - family members or investment advisors. In addition, data can be uploaded in bulk via CSV files, including Airbnb-generated CSVs for real estate owners renting their properties on the popular online rental marketplace.

EXIRIO is available on desktop, iOS, and Android, and a demo account is offered without any registration. EXIRIO uses AWS data centers located in London (UK). Please click here to review EXIRIO's security policy.


Contact Information:
Piero Politeo
[email protected]
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Original Source: EXIRIO Announces Launch of Premium Portfolio Tracking Services

Fidelity Life: What to Think About Before Ditching a Life Insurance Policy

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Fidelity Life: What to Think About Before Ditching a Life Insurance Policy
CHICAGO - November 4, 2022 - (Newswire.com)

Life insurance ownership has been declining over the last decade. Based on LIMRA research in January of 2022, only 50% of consumers owned life insurance. That percentage was down from 59% in 2012. Life insurance owners may be tempted to ditch their current policy if they feel it's too costly or no longer needed. 

Fortunately, there are alternatives, such as getting life insurance with no medical exam, that can make it possible for shoppers to continue having a policy. Here are four questions life insurance owners should ask before ditching their life insurance.

1. Would the policyholder's life insurance policy give their beneficiaries the support they need?

A policyholder getting rid of their life insurance policy would mean their beneficiaries may lose the support they need if the policyholder were to pass away. In particular, if the policyholder is the primary wage earner, with the loss of their income, the family would struggle to pay daily living expenses such as gas and groceries. One survey found that families would start struggling within six months of the primary wage earner's death. Therefore, a life insurance owner should consider carefully if their family would still need their policy's death benefit if they were to pass away.

2. Is there a more affordable coverage option?

Given constantly changing financial circumstances, some life insurance owners may wonder if their policy is too expensive to continue owning. Instead of ditching the policy, life insurance owners can look around to see if there's a more affordable option. Some providers will allow a policyholder to convert their current policy into a different type. For example, a life insurance owner might decide a whole life policy is no longer affordable for them and choose to convert the policy to a cheaper term life policy.

3. Is the policyholder's family at risk of losing their house or car?

Some life insurance owners choose to get a life insurance policy to cover a debt, such as a car loan or mortgage. Life insurance owners may feel they've paid off enough of the debt to no longer need a policy. Instead of getting rid of the policy, an alternative that could be considered is reducing the coverage amount. For example, let's say an individual is currently 20 years into a 30-year mortgage. A policyholder could reduce their coverage amount to the amount left that needs to be paid off. Reducing the coverage amount also reduces the cost of the coverage, making it more affordable.

4. Will the policyholder's final expenses be taken care of?

Some policyholders may be at the point where their children are financially independent, and all of their debts are paid off. While life insurance may no longer be needed to cover these expenses, it might be needed to cover final expenses. Without a policy, funeral costs can burden surviving family members financially. If a policyholder's current policy is no longer needed, they could consider converting it to a final expense insurance policy. One advantage to this policy is that it generally requires no medical exam. Final expense insurance can help cover funeral and end-of-life costs and allow a family to keep their focus on grieving. Carefully considering these questions can help life insurance owners make a better decision on what to do with their policy.

Bottom Line

Answering the questions in this article is the first step to ensuring that you get an insurance policy that fits your needs. Of course, after really thinking about life insurance and how it can help your family, you probably have some questions of your own. With the rest of the questions, Fidelity Life can help guide you through the process. 

Fidelity Life offers no medical life insurance. Life insurance shoppers can discuss their options with an agent or shop for online life insurance quotes. The process is quick and easy and starts with answering a few questions to get matched with a policy that suits their needs. Fidelity Life will then guide the applicant through the application and purchasing process.


Contact Information:
Laura Zimmerman
Chief Marketing Officer
[email protected]
(312) 288-0068


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Original Source: Fidelity Life: What to Think About Before Ditching a Life Insurance Policy