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September 30, 2022 - Darrell Franklin

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Day: September 30, 2022

6 Extras You Can Add to Your Life Insurance Policy

6 Extras You Can Add to Your Life Insurance Policy

When a policyholder passes away unexpectedly, the policy’s cash value is used to provide for the policyholder’s dependents. However, a standard life insurance policy pays out only upon the policyholder’s death and does not provide coverage for medical expenses incurred due to illness or injury. Adding riders to an insurance policy broadens its coverage and provides the …

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Wondering what will happen if your life insurance agency goes bankrupt? Read on and learn all about it.

What Happens If My Life Insurance Company Goes Out of Business?

Even if a life insurance agency goes bankrupt, you will still be covered due to reinsurance contracts and government insurance requirements. When you purchase a life insurance plan, you want to feel confident that the insurance provider will continue to compensate your beneficiaries despite a downturn in the economy. Thankfully, the life insurance industry is highly …

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