Should you acquire life insurance at all if you don’t plan to have any children? When it comes to finances, the response is always “it depends.” The majority of adults who do not have children do not need to purchase life insurance. Alternatively, if only their spouse is financially dependent on them, a modest policy …
Do I Still Need Life Insurance If I Don’t Have Kids? Read More »
Generally speaking, the details of a life insurance policy are easy to grasp. When searching for life insurance, you shop around and enroll for the policy that best suits your needs. If you pass away while your policy is active, your heirs will collect a death benefit. You will likely need to pay more premiums to …
3 Disadvantages of Getting Life Insurance Through Work Read More »
Many individuals are unsure of the best place to begin when looking into life insurance. To what extent do you require this? To what extent should you insure yourself? Which firm should you trust? All of your questions, and more, will be answered in this comprehensive guide. When you know how much life insurance you’ll need, …
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 …
6 Extras You Can Add to Your Life Insurance Policy Read More »
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 …
What Happens If My Life Insurance Company Goes Out of Business? Read More »
If you’re considering purchasing a life insurance policy in Houston, you should know about the free look period. Within this window, you can cancel your coverage and get a complete refund of your premium. Keep reading to learn more about this period and how it works. What is the Free Look Period? The policy contract you …
Life Insurance 101: What’s the “Free Look” Period? Read More »
All life insurance policies involve three parties: the policyholder, the insured, and the beneficiary. The insurance plan is managed by the policyholder. Both adjustments and cancellations are within their purview. The demise of the insured will result in the distribution of benefits to the beneficiary. Whoever is designated as the beneficiary will be the one to …
What Happens to Your Life Insurance If You File for Bankruptcy? Read More »
The legal ramifications of driving under the influence (DUI) are far-reaching, affecting everything from one’s ability to have a license to their professional and personal life and even their survival. Perhaps you haven’t even considered it, but you may wonder, “Can I acquire life insurance after a DUI?” Although you knew that getting affordable vehicle insurance was unlikely, …
Can I Apply for Life Insurance If I Have a Criminal Record? Read More »
Finding affordable life insurance when you have a criminal record might be difficult. Life insurance for convicts might not be necessary, but finding low-cost, high-risk coverage could be. You must always be truthful on an application if you have a criminal past, even if it’s minor or if you have no record. While a criminal background …
Can I Apply for Life Insurance If I Have a Criminal Record? Read More »
Life insurance is meant to ease your mind by helping your family members financially in the event of your death. You can get either permanent coverage or a term policy if you think you need life insurance. When comparing life insurance plans, it is important to remember that each option has advantages and disadvantages. Term life insurance seems …
Term vs. Permanent Life Insurance: What’s Better for Me? Read More »
