Life Insurance

July 1, 2015Life insurance is a financial tool that just about everyone needs, but getting coverage isn’t guaranteed. If you’ve got a serious medical condition or you’re employed in a high-risk career, the insurance company may deny your application outright. Fortunately, there… read more…

June 1, 2015Life insurance is something almost everyone needs, but cost can often prevent people from getting the right coverage. True, buying life insurance generally becomes more expensive as you get older. But that doesn’t mean you can’t find ways to make your policy more affordable. If you’re living without life insurance because you’re worried about cost, take… read more…

March 6, 2015The “AD&D” in AD&D Insurance stands for “Accidental Death and Dismemberment Insurance.” Nice, right? AD&D insurance is like a combination of life insurance and disability insurance…except that it combines more limited versions of both forms of insurance. Not all forms of… read more…

March 5, 2015The idea of guaranteed life insurance is an appealing one. Who doesn’t like the sound of a guarantee? Plus, guaranteed life insurance doesn’t require a medical exam during the underwriting process, making it an enticing option for the elderly and… read more…

March 4, 2015Credit life insurance pays a policyholder’s debts when the policyholder dies. Unlike term or universal life insurance, it doesn’t pay out to the policyholder’s chosen beneficiaries. Instead, the policyholder’s creditors receive the value of a credit life insurance policy. If you’re wondering… read more…

March 4, 2015A life expectancy table offers a rough guide to the number of years a person has left to live. It sounds morbid, but it can be a useful tool for retirement planning and estate planning. When we think ahead to… read more…

March 2, 2015Group life insurance lets you join forces with others rather than shopping for individual life insurance on the open market. Many of us get group life insurance through work. It’s an automatic box-check, and not something we give much thought. Now is the time to consider the pros and cons of group life insurance, and… read more…

February 24, 2015Having group life insurance, or life insurance through your employer, certainly has its benefits. It’s easily accessible and often cheap or free. However, sometimes your group insurance isn’t enough for you. Supplemental life insurance helps you top up the insurance… read more…

February 23, 2015Married? In need of life insurance? You might want to consider joint life insurance. With a joint life insurance policy, you’ll pay a single premium while getting coverage for two people. In most cases, this is a viable option for married couples. Sounds too good to be true? Let’s break it down. Find out now:… read more…

February 20, 2015Think all life insurance applications involve comprehensive medical exams? They don’t. If you’re worried that your health or lifestyle could bar you from life insurance coverage, read on to learn more about exam-free options. We’ll break down what it means, as well as how it impacts what you’ll pay and who might want to consider these… read more…

February 19, 2015Saving for college tuition is no easy feat. Save too little and you saddle your child with loans. Save too much and you might not get as much financial aid as you need. Unless you’re planning to pay cash for the full… read more…

February 18, 2015When you purchase a life insurance policy, you choose one or more beneficiaries who will get the policy pay-out when you die. If you designate someone as the “irrevocable beneficiary” of your policy, that person has the right to a pay-out no matter what.… read more…

February 16, 2015Final expense insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance. Unfortunately, even bare-bones funerals can cost thousands of dollars. The ins and outs of insurance policies can get tricky.… read more…

February 11, 2015Moving on from your job? You’ve probably heard that you can roll over your 401(k). But did you know you may be able to hold on to your employer-sponsored group life insurance plan after leaving? Not everyone gets group life insurance… read more…

December 22, 2014We all know that a safe approach to personal finance falls somewhere between the two extremes of betting your paycheck on a card game and putting all your money under the mattress. Exactly where you place yourself on the spectrum… read more…

November 4, 2014When it comes to life insurance, not all policies are created equal. Certain types like whole, universal and variable life, allow you to build cash value in the policy as you pay your premiums. In fact, a life insurance policy could provide a solid alternative stream of income. This could come in handy if you… read more…

October 14, 2014Going into business with a partner is full of risks and unknowns (what happens if we don’t get along?). If you think your partner is bad, their spouse may even be worse! This brings up the second problem: if you… read more…

September 10, 2014Life insurance is one of those things that just about everyone needs but far too few people actually have. It’s easy to put off purchasing a policy when you’re young and relatively healthy. But the longer you wait, the greater… read more…

September 8, 2014Most people think of life insurance in terms of the payout it provides beneficiaries after the policyholder dies. But certain types of life insurance can provide financial benefits, including a stream of income, for the policyholder during his or her lifetime.… read more…

September 5, 2014Young adults face unique financial challenges these days, from figuring out how to save for retirement to tackling crushing student loan debt. One of the things that millennials tend to put on the back-burner is having adequate insurance. In fact, the… read more…

August 19, 2014Although it can be disheartening to dwell on what happens after we die, it’s important for all of us to get our personal affairs in order while we’re alive. That way, those who love and depend on us are taken care of after we’ve gone. Arguably the most important part of the estate planning process is… read more…

July 30, 2014Life insurance is just that, insurance on your life. You pay your policy usually for 10 to 30 years. If you die during this period, your beneficiaries receive a payment from the insurance company. With a traditional term life policy, you do not receive any payout if you outlive your policy. For many, this can… read more…

July 6, 2014Not all contracts on your life are the same – there’s the gangster movie variety which usually involves a guy named Vinny or Tony who sends you to sleep with the fishies and then there’s the life insurance type. Only… read more…

June 24, 2014When it comes to life insurance, one of the main questions that consumers contend with is when is the right time to purchase? In order to answer this question, it is important to first understand what life insurance is. Related:… read more…

March 26, 2014When shopping around for a life insurance policy, it’s easy to get confused by all the different options that are available. Buying the wrong kind of insurance can easily spell financial disaster if it leaves your loved ones without the protection… read more…