Life Insurance
Don’t Let These Common Myths Scare You Away from Life Insurance
Most people need life insurance. Not having it could be devastating to your family’s financial future in case the worst should happen. Life insurance is a complex, frequently misunderstood subject, surrounded by a multitude of myths. These myths can be dangerous if they scare you away from purchasing the life insurance coverage you need. Common…
Read MoreLife Insurance and Health Conditions: A Deal Breaker?
Three Things to Keep in Mind If you’re interested in purchasing life insurance, you should consider the following: Never assume a health condition automatically disqualifies you from obtaining life insurance. Sure, maybe your health is less than perfect but you may be eligible for coverage, so always check with a licensed insurance agent to be…
Read MoreStandard vs. Hybrid Life Insurance: Which Is Better?
Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover…
Read MoreEmployer-Provided Life Insurance: What You Need to Know
Life insurance is a popular feature of employee benefits packages. Many employers provide basic group life free of charge to their employees. More Americans have workplace plans than individual life insurance plans, as reported in a NerdWallet article. If your employer offers free or low-cost basic group life, there is no reason not to accept it.…
Read MoreTerm Life Insurance: How Long Should My Coverage Last?
Here’s an obvious statement: the costs of day-to-day living can add up fast. That’s why life insurance is so important. It allows you to protect your family when you’re gone. Think of the impact of losing not only your income but all the other contributions you make to the family. Could they cover the mortgage…
Read MoreTerm Life Insurance: How Long Should My Coverage Last?
Here’s an obvious statement: the costs of day-to-day living can add up fast. That’s why life insurance is so important. It allows you to protect your family when you’re gone. Think of the impact of losing not only your income but all the other contributions you make to the family. Could they cover the mortgage…
Read MoreThe Sooner You Take These End-of-Life Considerations into Account, the Better
No one really wants to prepare for their own death. But planning for your estate is an important aspect of your financial strategy. The sooner you have the basic documents in order, the better for your family’s financial future. The following are basic estate planning documents you may want to include in your package. Will…
Read MoreCommon Life Insurance Riders to Consider
Life insurance can play a vital role in financial planning for your family’s future. It is primarily designed to provide for your loved ones when you are gone. You can also add supplemental benefits with riders – amendments to your life insurance policy. Riders make it possible to opt in for benefits not typically included…
Read MoreInsure the Ones You Love
February is Insure Your Love Month. This is the seventh year of the Insure Your Love Campaign, coordinated by Life Happens. Buying life insurance to protect the ones you care about is an expression of love. Valentine’s Day falls in February, which makes it the perfect time to remind people of the need for proper…
Read MoreWhy Life Insurance Is Still Important If You’re Single
Many single people believe they don’t need life insurance. With no one relying on their income to act as beneficiaries, why should they pay the monthly premiums? The truth is life insurance is not just for married people with children. It can have many benefits for single people as well. When Can Single People Benefit…
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