What Are the Differences Between Term Life and Whole Life Insurance

What Are the Differences Between Term Life and Whole Life Insurance

Life insurance is a financial security net that protects your family when you pass away. It provides monetary support, which can be used to pay for the funeral, help make ends meet, pay off debt or even help pay for future expenses like college tuition. It’s tax-free payment that can be used for any purpose after an unexpected loss. One benefit that life insurance has over direct inheritance is that most life insurance policies are paid out…

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How Your Life Insurance Needs Vary Throughout Your Lifetime

How Your Life Insurance Needs Vary Throughout Your Lifetime

Married couples generally need more life insurance than single people, but it’s necessary for everyone to have at least enough life insurance to cover his or her final expenses. As you may expect, the amount of life insurance you’ll need will probably change throughout your lifetime. and your life stage will also determine how long your (recommended) term period should be, how much insurance you should purchase and the type of policy that best suits…

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When Skinny Isn’t All Good News – Senators Nix Skinny Repeal of Healthcare Law

When Skinny Isn’t All Good News – Senators Nix Skinny Repeal of Healthcare Law

Betting that thin is in — and might be the only way forward — Senate Republicans are eyeing a “skinny repeal” that rolls back an unpopular portion of the federal health law. But experts warn that the idea has been tried before, and with little success. Senators are reportedly considering a narrow bill that would eliminate the Affordable Care Act’s “individual mandate,” which assesses a tax on Americans who don’t have insurance, along with penalties…

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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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How Your Age Affects Your Life Insurance Premiums

How Your Age Affects Your Life Insurance Premiums

Age is the single biggest factor that affects your life insurance premiums.

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What Should I Consider When I Replace My Life Insurance Policies?

What Should I Consider When I Replace My Life Insurance Policies?

Consumers should consider several things before replacing their life insurance policies such as their current insurability. In fact, the Illinois Department of Insurance provides a detailed list of considerations to take into account.

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How to Interpret Life Insurance Table Ratings

How to Interpret Life Insurance Table Ratings

Everyone who applies for life insurance is assessed for coverage. Insurance companies provide coverage and premium rates in accordance with an applicant’s risk level. This means that insurance companies will typically place applicants in categories relative to their risk, which involves their health and lifestyle choices. For example, smoking is considered a health risk and will have an impact on which category an applicant will be assigned. Sometimes a person, due to health issues or…

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How Non U.S. Residents Can Buy Life Insurance From US Companies

How Non U.S. Residents Can Buy Life Insurance From US Companies

People all over the world have been seeking life insurance coverage from U.S. based life insurance companies due to the strong reputation these companies possess – along with very competitive prices. So is it possible for you to get covered even though you’re a foreign national or a non-U.S. resident? The answer is yes, but the process generally takes longer to complete. Before discussing how a non-U.S. resident can get life insurance, it is important…

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How Life Insurance Secures a Father’s Legacy

How Life Insurance Secures a Father’s Legacy

By Emily Miller Father’s Day is a celebration honoring fathers and father figures alike who have had a positive influence in our lives. It’s a day that should be spent not just showering our dads with gifts, but thanking them for all of their hard work and dedication. We should all spend less time worrying about the gift and more time with him. In the long run, it is not about the gifts you give…

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