How Do I Pick a Life Insurance Company?

How Do I Pick a Life Insurance Company?

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies enables a group to offer its products through separate distribution channels, to more efficiently meet the regulatory requirements of particular states, or to achieve other organizational goals. There are an estimated three hundred company groups. Moreover, not every group has a company licensed to operate…

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8 smart steps for buying life insurance

8 smart steps for buying life insurance

How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people, you may find the thought of shopping for the right type of coverage a little daunting. Fortunately, these eight simple steps can guide you along the way. 1. Determine whether you actually need life insurance Most people do, but not everyone. If no one depends…

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How Do Viatical Life Insurance Settlements Work?

How Do Viatical Life Insurance Settlements Work?

People living with a terminal illness are often faced with very tough financial decisions, and selling their life insurance policy for a viatical settlement can help ease some financial worry. It was originally intended for AIDS patients to have early access to their life insurance policies, but has expanded to include other conditions such as cancer, heart disease, and any other life-threatening illness.

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