Posts Tagged ‘Life Insurance’

Buying life insurance can be confusing. After searching online, you will be inundated with endless email offers and ads on social media. To choose the right type of life insurance, it is worth understanding the basics, so you purchase a policy that best suits you, your family, and your financial situation.  Life Insurance: What Type…

Most people do not consider buying life insurance until they are married or have children. If you are single and do not have any children, buying life insurance may not top your list of priorities. A minor of any age can own a life insurance policy indirectly as a gift or can be transferred by…

The beneficiary of a life insurance policy may not even be aware that they were named in a policy. The owner of the policy has the right to choose whoever they want as the beneficiary, but what happens if the beneficiary does not want the insurance payout? Does he or she have the right to…

You have likely already completed the hard part – putting a life insurance policy in place. However, it’s imperative you review your policy (or policies) at least once a year. The review will protect you from paying more than you need to, allow you to increase your coverage, or convert a term life insurance policy…

Calculating how much life insurance involves evaluating your financial circumstances, which vary widely from family to family. In essence, you want a policy that will cover income loss due to death, provide your family with the capacity to pay off all bills, and provide your family with the financial support your dependents need. A basic…

Just six months after retiring from 32 years on the Richmond, Virginia, Fire Department, Len Archer got a devastating diagnosis from his doctor. He had pancreatic cancer, and he likely had only two to eight months to live. In an instant, Len, 56, and his wife, Paula, went from planning their retirement to preparing for…

Life insurance is mainly designed to pay out death benefits to beneficiaries. But some life insurance policies also provide living benefits for policyholders. The following are three types of life insurance living benefits. Accelerated Death Benefits Most life insurance policies contain a provision known as Accelerated Death Benefit (ADB). It allows the policyholder to receive…

Maybe you just got married. Or had your first child. Or started a business. Whatever the life event is, you are now buying life insurance for the first time. And that might intimidate and confuse you a little. Help ease your mind by reading the following advice for anyone who is buying life insurance for…