Category: Life Insurance

Looking for the ideal life insurance policy? While you're researching all of these options, you might want to consider one that's often overlooked: variable life insurance. This is a type of whole life insurance policy with a cash value determined by the amount of premiums paid, the policy's fees, and the success of your investments.…

We know it’s hard to think about your child’s death; after all, every parent hopes their children will have a long, healthy life. So, it’s understandable if buying life insurance for your kids doesn’t seem like a priority. However, as a parent you have to constantly prepare for the unexpected. Buying life insurance is typically…

When choosing whether or not they should accept your life insurance application, insurance companies look at a number of things. Some of these things are your age, your job, your habits, your general health, and your mental state. Mental health affects many of us, with about 57.8 million American adults having a depression, anxiety, or…

A term life insurance policy is great for you and your family if you need life insurance, but only want it for a certain amount of time, like while you are paying off your mortgage. You buy this kind of coverage to protect you for a certain amount of time that you choose. You can…

Businesses can fail, and when they do, their customers are often left wondering what they should do next. The same goes for life insurance companies. Life insurance companies can go out of business, leaving their policyholders with a lot of questions. Mostly about what will happen to the policy they’ve been paying into and how…

When it comes to life insurance, married people have two choices, individual policies or joint policies. Most couples buy separate policies for each person. But for some couples it makes more sense to get a single policy that covers both people. Choosing to buy a policy together you can buy a joint policy or a…

An irrevocable life insurance trust (ILIT) gives you more control over your insurance policy and how your beneficiaries will get the death benefit when you die. A life insurance policy is an investment and an asset. So, it will be part of your estate after you die. Because of this, the death benefit, or proceeds,…

After the passing of a loved one, the proceeds from a life insurance policy can help remove a portion of your stress. Allowing you to focus on your emotional needs without worrying about money. However, a sudden large sum of money can also bring up some hard choices. Before deciding what to do with it,…

There are several factors that determine life insurance costs within a plan. The cost of a policy can be based on how long you are expected to live as well as your risk category. The three most common risk classifications are preferred, standard, and substandard. The Standard risk class is typically the starting point for…

One of the best things you can do for your family is to protect their financial future with a life insurance policy. The last thing you want is for their death benefits to be denied after you’ve passed. It’s a rare possibility, but it can happen. If you buy your plan from a reputable life…

There are many aspects of life that are beyond our control, most of all being when it will end. Even though you have no control over that. You can take steps to ensure that your family is not put in a financially precarious situation when the time comes. It’s time to look into purchasing life…

Life insurance is an important way to ensure your families stability if anything should ever happen to you. Oftentimes you will need to go out and get a life insurance policy on your own. But sometimes your employer will provide you with a life insurance plan through their company. This is known as a group…

Life insurance is one of those things that you know is a good idea but is also easy to forget about or put on the back burner. Having a policy is a necessity, though, for everyone from those who are just starting out in life to retirees - it’s just that your needs are different.…

Depending on the type of life insurance you apply for, you might have to undergo a medical exam. For example, permanent life insurance policies and term life insurance policies typically require medical exams. If you do have to undergo a medical exam, the results will determine if you qualify for a policy, and how much…

Choosing a life insurance policy can be very confusing, since there are so many different options to look into. But we can help break down what you need to consider when searching for a policy! First, you’ll need to decide between the two main types of policies: whole life insurance and term life insurance. And…

If you're single and have no children, you’re not alone in thinking that life insurance is not a necessity for you. But even if you don't have anyone who financially depends on you. There are a lot of reasons why life insurance is important. Not only do situations change over time, but if you wait…

Funerals can be very sad and stressful for many people. While for others, they’re a chance to embrace death as a part of life. Or to joyfully send their loved ones off to the afterlife. Here in the U.S., our funerals tend to be fairly standard ceremonies ending in a burial or cremation, but funeral…

It’s easy to put off making plans for the end of your life, especially when you’re young. After all, thinking about your own mortality probably isn’t your idea of a good time! In fact, many young Americans don’t have or even think about life insurance unless it’s offered by their employer - but these policies…