What Happens If My Life Insurance Beneficiary and I Die Together?

What Happens If My Life Insurance Beneficiary and I Die Together?

You faithfully paid your life insurance premiums for decades, all to make sure your funeral expenses would be paid for and your loved ones would be covered financially.

But what would happen if you and your policy’s beneficiary both suddenly died? Or, what happens if your beneficiary died shortly after you did? A beneficiary is the person whom you designate to receive your life insurance proceeds when you die.

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Are You Ever Too Old to Buy Life Insurance?

Are You Ever Too Old to Buy Life Insurance?

Are you ever too old to buy life insurance? The older you are, the more expensive coverage will likely be. But that doesn’t mean you are uninsurable. When it comes to age and life insurance premiums, the relationship is directly proportional: The older you are, the more expensive your policy will likely be. But just because your premium increases with age doesn’t mean the likelihood that you’ll be denied coverage increases as well. As with…

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What Is Life Insurance Inside a Qualified Plan?

What Is Life Insurance Inside a Qualified Plan?

Qualified retirement plans are designed to encourage employees to save money now, so that they will have enough to sustain themselves when they are no longer working. A plan like this meets all the requirements of the Internal Revenue Code, which means it is eligible for certain tax benefits. In simpler terms, a qualified plan is a tax-favored accumulation vehicle like permanent (cash value) life insurance.

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Be Insurance Ready for Insane Spring Weather

Be Insurance Ready for Insane Spring Weather

A recent study found that less than 22 percent of homeowners view changing weather events or disaster preparedness as factors when they update their homeowner’s insurance policy. The study from the National Association of Insurance Commissioners (NAIC) found that, with disaster-level events on the rise, that more than 800 emergency or disaster declarations were made in the United States from 2005-20152. Those events resulted in an average of $24 billion in annual insured losses. The…

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When You Provide Home Healthcare, But Can’t Afford It Yourself

When You Provide Home Healthcare, But Can’t Afford It Yourself

Eds note: As healthcare policy comes under scrutiny from voters and legislators, it’s becoming clear that the system is broken – and that the process of repairing it won’t be a simple one. This feature focuses on what it’s like to work in the trenches of the home healthcare system. For more than two decades, Celeste Thompson, 57, a home care worker in Missoula, Mont., had not had regular contact with a doctor — no…

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Could Less Customers Mean Bigger Profits for Health Insurers

Could Less Customers Mean Bigger Profits for Health Insurers

The collapse of efforts to repeal and replace the ACA, or Obamacare, arose out of a floodtide of criticism of the Paul Ryan plan. But among those who stayed on the sidelines and offered little input or blowback? Insurers… By Phil Galewitz About the Bottom Line: Could Less Customers Mean Bigger Profits for Health Insurers The House GOP’s embattled health care bill has plenty of detractors: Democrats, hospitals, the American Medical Association and the House…

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Life Insurance Buying Tips for 2017

Life Insurance Buying Tips for 2017

Some Key Buying Tips for Buying Your First Life Insurance Policy in 2017 The critical questions are ‘How much life insurance do I need?’, “What’s the best possible type of policy for me?” and finally, and perhaps most important, “Which company should I choose to buy my policy from?” Here are our top life insurance buying tips for 2017. Buying life insurance for the first time can prove a challenge, and so we’re offering you…

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