There are simple and easy ways to cut down one’s premiums cost for a whole life insurance policy that can benefit both the policyholder and their beneficiaries.Read More
It’s important to choose your beneficiary wisely; they will be inheriting your insurance benefits.Read More
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.Read More
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…Read More
Many couples are aware of the importance of making sure they have enough money socked away in savings and retirement accounts as part of their long-term financial plan. Throw a baby into the mix and things like life insurance quickly become a necessity for any family.
Clothes, furniture and diapers are all easy things for soon-to-be parents to put on their “must buy” list, but purchasing adequate life insurance and getting other legal documents in place are even more important.Read More
The words “life insurance” mean “death benefits” to most people – a useful tool only after a policyholder has died. Many don’t realize the important benefits a life insurance policy can provide while the policyholder is still alive. “Cash values available through permanent life insurance can provide funding to supplement retirement income,” said State Farm Insurance spokesperson, Angie Rinock. “Cash values through permanent life policies grow at interest rates that are generally guaranteed by the insurer.” A policyholder can also take out…Read More
On fewer and fewer new policies and almost all older ones, the insurer offers a variety of survivor options when the insured passes away. The decision of which option to take can be complicated. Keep in mind that the rate of return on the various options (expect the lump-sum) is fairly low so you may not be maximizing the rate of return.Read More
Life insurance can help ensure the financial stability and security for your dependents (i.e., beneficiaries), so they have the resources to replace your income after you die. But, what should you expect when purchasing a life insurance policy? Being able to understand the process of purchasing life insurance can guarantee that you are getting the right policy, which fits your needs and budget.Read More
Consumers with young children or large mortgage loans are often advised to invest in life insurance policies. This way, their death won’t necessarily leave survivors in a financial bind.Read More
Here is a list of the top reasons for purchasing a life insurance policy.Read More