What Is A Life Insurance Contestability Clause

What Is A Life Insurance Contestability Clause

Understanding Life Insurance Contestability The ‘contestability clause’ in a life insurance policy specifies a short window in which insurance companies can investigate – and deny –  potential claims. It could impact you, and at the very least, you should know the ins and outs of how it works. The contestability period runs for two years in most states and one year in others, and it begins as soon as a policy goes into effect. If the…

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How Does Obesity Affect Our Nation’s Military?

How Does Obesity Affect Our Nation’s Military?

Reports show that many Americans are too unhealthy or overweight to qualify for the military, ultimately causing a concern for national security. One report showed that between 2006 and 2011, around 62,000 recruits, who showed up to enlist, failed their entrance physicals due to weight issues. The report also showed that one-quarter of all Americans between the ages of 17 and 24 were too overweight to enlist.

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Five Basic Types of Life Insurance Policies

Five Basic Types of Life Insurance Policies

When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…

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How Can I Find a Life Insurance Plan That Fits My Budget?

How Can I Find a Life Insurance Plan That Fits My Budget?

It’s easy to delay the decision about purchasing a life insurance policy, but the longer you and your loved ones aren’t protected, the greater your risk of developing a medical condition – or worse. And as a result, you can face higher premiums. In a guest column in Oregon’s Estacada News, insurance professional Aimee O’Brien advises consumers of the many different types of life insurance products that can fit a variety of budgets, including products for younger people who…

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