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Whether the economy is thriving or going through a recession, a life insurance policy is one of the best safety nets you can count on to provide stability to your family in case they lose you.

Renewable-term life insurance policy is a financial tool to ensure the insuree’s family will be cared for in the event of their death. It has a specified duration or term during which their loved ones will be given a death benefit if an insuree dies.

In the same way, you change your will over the years to reflect your desires and wishes as they change, it’s necessary that you re-evaluate your life insurance needs over the years. Many things can happen over time that needs your attention, and your current life insurance might not be enough to deal with the …

7 Times You Need to Re-evaluate Your Life Insurance Needs Read More »

Many assume you need a high-paying job or massive wealth to get life insurance. In reality, the average person—even unemployed individuals—can take out life insurance. It’s a great way of ensuring that your loved ones are taken care of in many aspects after your passing. As an unemployed individual, you need to be aware of …

Can You Get Life Insurance If You Are Unemployed? Read More »

Introduction What role does insurance play in safeguarding your future finances? For those who are thinking ahead and trying to figure out how to provide for their families financially, this may have crossed their minds.

Unfortunately, many people don’t read the fine print when they sign up for a term life insurance policy. Their main focus tends to be on the lower premiums, and while these policies are great for people who only need certain surety, they have drawbacks that make them less than ideal for everyone. Here’s everything to …

What Happens to My Term-Life Insurance If I Don’t Die? Read More »

Introduction Buying a life insurance policy is a great strategy to safeguard your loved ones financially in the event of your untimely death. It can be difficult to make sense of the many variables that go into determining the cost of life insurance and the parts of an application that could increase or decrease your premium.

Introduction Having life insurance is smart for those who want to give their family members a cushion in the event of their unexpected passing. The money could be used to settle outstanding bills (such as a mortgage or school loans), cover final expenses, or be set aside as an inheritance.

Introduction While funeral and other end-of-life expenses may seem like something that might be budgeted for in advance, they often come as a surprise to families who lost loved ones. GoBankingRates reports that, based on where you reside, the cost of passing away can be anywhere between $18,000 to over $42,000.

A life insurance policy can make a huge difference when it’s needed, but considering that it’s a lot of money, it’s not so easy to get one. Many people get denied after multiple applications, but that doesn’t mean you should give up.