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 »
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 »
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 »
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 »
Having life insurance in place helps ease the burden of financial responsibility left behind in case of untimely demise. However, what happens if the insurer (you) passes away abroad? If the policyholder passes away while traveling abroad, the policy should still pay out. That, however, is not always the norm. Your life insurance agency may consider your …
Will My Life Insurance Cover Death in a Foreign Country? Read More »
