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A life insurance policy is essential to protect your financial stability and your family in the event of your sudden demise. Life insurance is encouraged for every earning professional by financial advisors. Bankruptcy is a major setback for individuals and can come with several consequences, including the loss of life insurance. Understanding how bankruptcy impacts …

When Filing for Bankruptcy, What Happens to Your Life Insurance? Read More »

Introduction Regardless of how old you are, losing a parent is a terrible and painful process. The thought of your parents passing away may be the worst nightmare you’ve ever had. If you’re grieving a loss, the added stress of planning and paying for a funeral service isn’t something you need.

Buying life insurance is a big decision and one that should not be taken lightly. Many people choose the wrong life insurance company and end up paying more than they need to. This happens when you don’t research or compare all of the companies available before you make your selection.

In today’s day and age, getting life insurance coverage has become more important than ever. The increasing costs of healthcare and the fact that no one is guaranteed a future means that life insurance can provide peace of mind in knowing that your family will be financially secure if something happens to you.

What Is Final Expense Insurance? Life insurance with a reduced death benefit is called “final expense insurance,” and it’s typically used to pay for a person’s funeral and other final expenses. This type of coverage, sometimes referred to as funeral or burial insurance is intended for senior individuals (those 50 and up) who are preparing for their …

Everything You Need To Know About Final Expense Insurance Read More »

Getting life insurance is a critical decision, and there is no definitive answer as to when is the best time to buy it. There are several factors you must consider before making this decision. Your age, health, and financial goals are the three imperative factors that will determine the right time for you to buy a …

When Is the Best Time to Start Buying Life Insurance? Read More »

Due to the numerous safeguards in effect, bankruptcy filings among insurance companies are unusual. When they do, though, clients typically have a lot of inquiries. Exactly what will become of their life insurance plans? Should they get new quotations for a term or permanent life insurance?

Colonial Penn provides a selection of life and final expense insurance policies that have both streamlined underwriting and a low death benefit. They’re perfect for people who require a payment large enough to cover funeral costs and have problems getting insurance elsewhere (owing to age or health). Although this firm’s final-expense offerings are competitively priced, younger, …

Colonial Penn’s Final Expense Plan Review Read More »

Formerly called “American Association of Retired Persons,” now shortened to “AARP,” is a renowned name in the realm of life insurance and burial expense services. AARP is not a life insurance company but a 175-year-old interest group offering fully underwritten life insurance via registered agents such as AARP Life Insurance.

Why Is Final Expense Insurance Required? The loss of a beloved one is traumatic enough without adding the burden of planning the funeral. Family members are often expected to pay for medical care and other final costs, which can be a financial burden.