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.

Read More

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…

Read More