Can Life Insurance Be a Business Expense?
Can Life Insurance Be a Business Expense? As a business owner or partner, safeguarding the financial stability of your enterprise is paramount. One critical aspect often considered is life insurance, not just as a personal safety net but also as a strategic business expense. The question then arises: can life insurance be a business expense? […]
What Life Insurance Has Cash Value?
What Life Insurance Has Cash Value? When it comes to choosing a life insurance policy, many people wonder, “What life insurance has cash value?” Cash value life insurance is a type of policy that not only provides a death benefit to your beneficiaries when you pass away but also has a savings component that accumulates […]
Can I Buy Life Insurance for Someone Else?
Can I Buy Life Insurance for Someone Else? Get A Quote Many families need life insurance coverage on multiple family members. So the question that often gets asked is can I buy life insurance for someone else? The answer is, yes, it is possible to buy life insurance for someone else, but there are certain […]
Do Life Insurance Policies Expire?
Do Life Insurance Policies Expire? When discussing options for life insurance with families, one question we hear often is “do life insurance policies expire?”. The short answer is, yes, life insurance policies can expire. Depending on the kind of policy you have, it may or may not have an expiration date. Term life insurance policies […]
Should I Get Life Insurance Through Work?
Should I Get Life Insurance Through Work? Employers often offer life insurance as a benefit. So naturally, a question often asked is should I get life insurance through work? The idea behind work insurance is to pool risks among a group, such a company’s employees, in order to offer coverage at lower premium costs. While […]
Do I Need Life Insurance in my 20s?
Do I Need Life Insurance in my 20s? Let’s talk about the question, do I need life insurance in my 20s. And why getting life insurance is a wise decision even though it may not be at the top of your list of priorities when you’re in your 20s. You’re probably busy with education, new […]
How to Get an Insurance Policy for Life
How to Get an Insurance Policy for Life Life insurance is a contract between you and an insurance company or carrier. The carrier pays out a sum of money to your beneficiaries in the event of your death. Life insurance can provide financial security and peace of mind for you and your loved ones. But […]
Can you use Life Insurance while Alive?
Can you use Life Insurance while Alive? Life insurance is most often thought of as a financial safety net to provide for their loved ones or pay for a funeral in the event of their death. But many people wonder, can you use life insurance while alive? Yes, you can! Life insurance isn’t just about […]
What is a Good Age to Buy Life Insurance?
What is a Good Age to Buy Life Insurance? When it comes to buying life insurance, one of the most common questions people ask is, “What is a good age to buy life insurance?” It’s a valid question, and the answer varies depending on your individual circumstances and financial goals. Let’s explore the factors that […]
What is a Good Life Insurance Amount?
What is a Good Life Insurance Amount? When it comes to life insurance, determining the right coverage amount is crucial. It’s not just about how much you can afford, but rather how much your loved ones may need to maintain their financial stability in the event of your passing. Finding that balance between affordability and […]
Common Mistakes When Buying Final Expense Life Insurance
Final expense life insurance is a type of coverage that can provide your loved ones with a financial safety net in the event of your passing. Given the average cost of a funeral in the US, which can exceed $7,000 according to the National Funeral Directors Association, it’s no surprise that final expense insurance is […]
Debunking the Myth – Health Conditions Don’t Disqualify you from Life Insurance
Think pre-existing health conditions automatically disqualify you from securing a life insurance policy? Let’s dispel that widely held misconception. Life insurance is much more accessible than it might appear, and even with health conditions, there are viable options for coverage. Every Individual Case is Unique Consider three common health challenges: securing life insurance with diabetes, […]
What are Living Benefits of Life Insurance? Understanding Critical, Chronic, and Terminal Illness Riders
Life insurance policies are more than just a death benefit; they can offer vital financial protection during life’s challenging times. Some life insurance policies incorporate ‘living benefits,’ which can provide the policyholder financial assistance if they are diagnosed with a serious illness. This article will provide a detailed understanding of three critical living benefits: critical […]
How Does Universal Life Insurance Work?
How does universal life insurance work? Let’s talk about universal life insurance. Think of it as a special type of insurance plan that can do two important things: provide life insurance coverage and help you save money for the future. Here’s how it works: When you get a universal life insurance policy, you pay a […]
Choosing the right life insurance policy
Choosing the right life insurance policy is an important decision that requires careful consideration. Here are some simple tips to help you choose the right life insurance policy: Determine your coverage needs:Consider your financial situation, outstanding debts, and the needs of your dependents. How much income are each of the breadwinners contributing to the bank […]
Can you get a life insurance policy without talking to someone?
Can you get a Life Insurance Policy without talking to someone? Let’s talk about a question that’s on the minds of many people: can you get a life insurance policy without talking to someone? The answer is a resounding YES! Thanks to modern technology, it’s now easier than ever to get a life insurance policy […]
What happens if I live longer than my term life insurance?
Term life insurance Term is a type of life insurance that provides coverage for a specified period, usually between 10 and 30 years. If the insured person passes away during the term, the beneficiaries receive the death benefit. However, what happens if you live longer than your term life insurance policy? Firstly, it’s important to […]
Should I buy Life Insurance for my Child?
Should I buy Life Insurance for my Child? As a parent, we never want to think about the death of our child. Nonetheless, it is better to prepare ahead, than be caught off guard. However, death isn’t the only reason you should buy life insurance for you child. Here are ten potential reasons why some […]
Life Insurance for Diabetics
Life Insurance for Diabetics If you are living with diabetes, you may think that obtaining life insurance is difficult or impossible. However, this is far from the truth. While it is true that people with diabetes may face higher premiums or be considered high-risk candidates, it is still possible to obtain life insurance coverage at […]
Final Expense Life Insurance
Final Expense Life Insurance Final expense life insurance is an important type of insurance policy that can provide financial protection to you and your loved ones during a difficult time. Here are ten important things to consider when looking into final expense life insurance: Funeral Expenses: Burial or Final Expense life insurance can help cover […]
10 Ways to Use Life Insurance for Retirement
Here are ten ways you can use life insurance for retirement solutions: Cash value accumulation: As mentioned before, certain types of life insurance, like whole life or universal life insurance, have a cash value component that can grow over time. You can use this cash value to supplement your retirement income, pay for unexpected expenses, or […]
What is an Indexed Universal Life Insurance Policy?
Use an IUL to Protect Your Child’s Future Key Benefits: An Indexed Universal Life Policy (IUL) offers lifelong protection. Living benefit riders are available to increase the value of the policy. Indexed Univeral Life Insurance uses indexed stocks to increase the policy’s cash value. An IUL’s cash value, face amount, and premiums are all […]
How to Talk About Life Insurance with Family
To talk about life insurance with family and people you love can be a difficult conversation to start. It forces us to confront our least favorite subjects, such as dying, finances, taxes, estate planning, powers of attorney, debt owed, and medical conditions. Obtaining protection in the form of life insurance, on the other hand, is […]
How Much Life Insurance Does a Person Need?
As your family grows, you’ve no doubt come to the conclusion that it’s time to get life insurance. Not sure how or what you will need? Here are some details to help you answer the question, how much life insurance does a person need? How much death benefit do I need? The amount you […]
Affordable Life Insurance with No Exam
When you decide to look into getting life insurance, what is the first thing that deters you from moving forward and getting a policy? For many people, the answer to that is they don’t want to do the medical exam. Well, I’m here to tell you that now, you can get affordable life insurance with […]