Survivorship Life Insurance – What You Should Know

Survivorship life insurance, or second-to-die life insurance, is a type of life insurance policy that allows you to cover both you and your spouse. This means that, when you both pass, your family will receive death benefits from both of you. In other words, while you will both be named on the policy, death benefits…

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What Happens to Your Life Insurance if You Declare Bankruptcy?

These days, millions of Americans are finding it difficult to pay their bills and keep up with the rising cost of living, so they have no choice but to file for bankruptcy. You might have found yourself in this situation, meaning you’ve had to deal with the many ways that filing for bankruptcy can affect…

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Do Men Pay More for Life Insurance?

It is no secret that, on average, women live longer than men do. In fact, women's life spans are almost 8%  longer on average than men's life spans. So does this make a difference when it comes to buying life insurance? In general, yes: life insurance companies know these stats, and typically view men as…

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Advantages of Hybrid Life Insurance with Long-Term Care

Have you ever heard of hybrid life insurance? If you haven’t, you’re not alone. But this type of policy can be very useful, and it’s growing in popularity. Essentially, hybrid life insurance combines both long-term care insurance and life insurance into one policy, meaning you’ll get unique benefits for you and your family as you…

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Life Insurance Rates for Diabetics

When it comes to life insurance rates, your health plays a big role: the unhealthier you are, the more you will have to pay in premiums. That means having chronic conditions like diabetes could lead to higher rates, but the good news is that this condition no longer means being denied life insurance, and it…

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Life Insurance for People with Dementia

A diagnosis of Alzheimer's disease or another type of dementia can be devastating for you and your family. It can be scary, and you might also be worried about the financial impact of the disease. Expenses can include nursing homes, assisted living, or even hospice care as the disease progresses, which could end up being…

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How to Find a Lost Life Insurance Policy

Doesn’t it feel like it happens all the time? When you need a document or other important thing, it’s nowhere to be found. This scenario could easily happen with a loved one’s life insurance policy, and if it does, you might panic - but there’s no need to worry. You and your family will not…

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What Happens If Your Life Insurance Company Fails?

Unfortunately, businesses can fail, which often leaves their customers wondering what the next step is for them. And life insurance companies are no different. Life insurance companies can fail, leaving their customers full of questions, mainly what will happen to the policy they have been paying into, and what the next step is for them…

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Average Life Insurance Payout Time

If you are wondering how long it takes for a life insurance company to pay out life insurance benefits, you should know that there are a variety of factors that determine this. How long it takes to receive the payout depends on how the policy is structured, and how long it takes the insurer to…

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Help! Why Have My Life Insurance Premiums Increased?

Life insurance is usually pretty inexpensive, especially if you buy it when you are younger and healthier. It’s also a worthwhile expense: having a policy will provide a financial safety net for your family. And, in general, you will know exactly how much you need to budget for, since most life insurance policies will remain…

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What to Do with Life Insurance Money

If you are a beneficiary of a loved one’s life insurance policy and they have passed away, you might be wondering what’s next. Once you receive your payout from the life insurance company, you can use some of the money to pay for the final expenses of your loved one, but it might feel overwhelming…

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Life Insurance Myths For an Empty-Nester

The time has finally come: you and your spouse can enjoy having the house to yourselves, and it feels like you’re starting a new chapter of your life. It can be a bit sad seeing your children leave home, but you might also be happy that you don’t have the responsibilities you once had. But…

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Discussing Life Insurance With Your Children

As a parent, talking about life insurance with your children can be tough. The last thing that you want to talk about with your children is death: no parent or child wants to think about what their lives would be like without each other. But it is important to prepare them financially for the future…

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Contesting a Life Insurance Beneficiary

After the death of a loved one, there can often be a lot of paperwork to deal with while you are grieving. Dealing with your loved one’s insurance policy is often one of those things that need to be done, and there can sometimes be complications. For example, in some cases, a person named as…

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Life Insurance Blood Tests and Alcohol Use

If you are considering purchasing life insurance, you might be aware that multiple factors go into determining your coverage and premium rates, including your health, driving record, and even your occupation, lifestyle, and hobbies. Your health is often the most important factor, and although not all life insurance companies require a medical exam, most of…

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Buying Life Insurance for Your Parents

If you have aging parents, you know the fear of something happening to them, and you want to make sure they are taken care of. And, as difficult as it is to think about, you also want to make sure that you know what their wishes are for the ends of their lives, and that…

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Is There a Life Insurance Race Gap?

It’s no secret that there is a wealth gap between African-Americans and Caucasians in America. In fact, the net worth of the average Caucasian family is about 10 times greater than the net worth of the average African American family. And the gap exists in all aspects of people’s financial lives, including when it comes…

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How Your Lifestyle Affects Your Life Insurance

You might know that there are multiple factors that help determine your rates for a life insurance policy, but what you might not know is that insurance companies look at more than just your age and your health. Your occupation and your hobbies can also affect your rates. And if you have a hazardous job…

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