Monday, April 23, 2018
Business

Researching life insurance

The words "life insurance" have been called a euphemism for death insurance, but who wants to think about it that way? The important thing is you think about it, and get insured, if needed.

• A primer was posted by the Boston branch of the Better Business Bureau. The post has simple explanations of the many kinds of life insurance policies, most of which are variations on two: whole life (policies that build cash value) and term life (policies that are cheaper than whole life, offer protection only for a set number of years and have no cash value if the term ends while you're still alive). http://goo.gl/cZu7Gy

• Bankrate.com writer Jay MacDonald talks to experts about "myths about buying life insurance." "Insurance is insurance; it's not an investment vehicle," says Tony Steuer of the insurance consumer group United Policyholders. James Hunt, with the Consumer Federation of America, recommends term-life and 401(k) investments as an alternative to whole-life policies, saying, "The problem is, 40 or 50 percent of the buyers drop out within 10 years and never get a good return on their money." http://goo.gl/esd3p

• Tips at Forbes.com explain more about term insurance. "If you are in a situation (where) your dependents will not rely on you financially forever, your best bet is probably a term-life policy," writes contributor Jessica Bosari. http://goo.gl/iMA0X

• If you get life insurance and then die, how likely is it that your beneficiaries can collect on the policy? That's an important question to ask before you buy. You can look up Standard & Poor's ratings for insurance companies from this tool page at Insure.com, an independent insurance website. http://goo.gl/5N1hsh

Comments
Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

TAMPA — Water Street Tampa marks the start of construction Tuesday on its first building, the posh JW Marriott hotel, but there’s a lot more to come.And soon.Within a year, developers said Monday, construction should be underway on 10 — 10! — of Wate...
Updated: 10 hours ago
Sears in Clearwater’s Countryside Mall to close in mid-July

Sears in Clearwater’s Countryside Mall to close in mid-July

CLEARWATER — The Westfield Countryside Mall Sears will close in mid-July as part of Sears Holdings’ latest store cuts, bringing the number of shuttering Kmarts and Sears to nearly 200.The store’s liquidation sale will begin on Friday, according to Se...
Updated: 10 hours ago
Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing

CLEARWATER — Homeowners from as far away as Texas and North Carolina crowded a Pinellas County courtroom Monday in support of embattled foreclosure defense attorney Mark Stopa. Facing possible disbarment for professional misconduct, Stopa also drew s...
Updated: 11 hours ago
Tampa workers accuse General Dynamics unit of underpaying

Tampa workers accuse General Dynamics unit of underpaying

TAMPA — The Tampa call center of a federal contractor is being accused of underpaying its employees. Workers for General Dynamics Information Technology filed wage theft complaints with the Department of Labor Monday, calling for an investigation int...
Updated: 11 hours ago
With lights from Toys R Us dimmed, sales plunge at Hasbro

With lights from Toys R Us dimmed, sales plunge at Hasbro

Associated PressNEW YORK — With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony and its other toys. Hasbro said Monday it will rely more on online sales, although it has also be...
Published: 04/23/18
Sears’ biggest shareholder offers to buy Kenmore brand

Sears’ biggest shareholder offers to buy Kenmore brand

Associated PressNEW YORK — Sears’ biggest shareholder appears to be pushing for a breakup of the 125-year-old company that has survived two world wars and the Great Depression. Chairman and CEO Edward Lampert — whose hedge fund has forwarded millions...
Published: 04/23/18
Lucky’s Market hosting job fairs in St. Petersburg ahead of June opening

Lucky’s Market hosting job fairs in St. Petersburg ahead of June opening

ST. PETERSBURG — Job fairs to fill more than 100 jobs open at Tampa Bay’s first Lucky’s Market start this week, the organic grocer announced on Monday. The grocery store, located at 6765 22nd Ave. N, is hosting hiring fairs Monday through Friday unti...
Published: 04/23/18
Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

WESLEY CHAPEL — Olympic gold medalist Michael Phelps will splash down Saturday at the Crystal Lagoon in Wesley Chapel’s Epperson development.Phelps, a global ambassador for Crystal Lagoons, will appear at the grand opening of the first Crystal Lagoon...
Published: 04/23/18
Big visitor calls at Port Tampa Bay

Big visitor calls at Port Tampa Bay

TAMPA — The 750-foot-long Ireland, one of the biggest cargo vessels ever to call at Port Tampa Bay, arrived Sunday.The Ireland is on its inaugural voyage, having left a shipyard in China for a stop in Mexico’s Yucatan peninsula to pick up 64,865 shor...
Published: 04/23/18
Tampa Bay gas prices rocket 17 cents over a week

Tampa Bay gas prices rocket 17 cents over a week

Floridians are paying plenty at the pump for a combination of spring gas prices and high oil prices this week. Gas jumped 11 cents per gallon over the week in Florida, averaging $2.74 per gallon Monday, according to AAA, The Auto Club Group. That’s t...
Published: 04/23/18