How To Find The Best Life Insurance For Young Adults: A Quick Guide!
Everyone has a budget in mind for how much they want to spend in life but not many plan to budget for a life insurance plan. Follow this quick guide to start your search for the best life insurance for young adults that fits your budget!
How Does A Death Benefit Payment Work?
The Quick Answer A death benefit payment is paid out to a policy holder’s beneficiary after a few steps have...
How To Name A Child As Your Beneficiary On Your Life Insurance Plan
It is a great idea to get life insurance to secure your children’s futures but it can get a little complicated when your children are not of age. Depending on the state, your child may need to be at least 18 or even 21 to receive the death benefit payment.
What are the advantages of whole life insurance?
Whole life insurance is a type of life insurance that you can potentially have for life. That is, as long as you pay your premiums you will be covered. This is one of the biggest advantages of whole life insurance over term life insurance.
What Is A Life Insurance Beneficiary?
A life insurance beneficiary is the person that would receive a life insurance policy’s payout (death benefit) in the event of a policy holder’s death. The beneficiary protected by that policy holder will then have the funds to help cover any financial obligations such as the policy holder’s burial costs and any other final expenses. With the remainder of the death benefit the life insurance beneficiary can cover their own expenses such as school expenses or a mortgage.
What Is Life Insurance?
If you have anyone that is financially dependent on you the answer is yes. If you have just bought a new home and share the mortgage with a spouse or partner, for example, if you were to pass away your spouse may have difficulty paying the mortgage on their own.
What Is Term Life Insurance And The Advantages Of Term Life Insurance?
Term life insurance is a form of life insurance that covers you for a certain amount of time. Most term life insurance policies can cover you for 10,15, 20 or even 30 years. During this time if you were to pass away, your term life insurance would payout to your beneficiaries.
Why Life Insurance Matters for New Homeowners
Why Life Insurance Matters for New Homeowners It addresses a significant financial risk. What if you die, and your...
The Importance of a Life Insurance Audit
The Importance of a Life Insurance Audit Is it time to review your policy? Life insurance is hard. It’s hard to know...
A Look at Mortgage Term Life Insurance
A Look at Mortgage Term Life Insurance What are the pros & cons of paying premiums for mortgage protection? A...
When Do You Need Life Insurance?
So When Do You Need Life Insurance? Have you been putting it off? According to the insurance industry group LIMRA and...
The Best Great College Funding Sources
There are many ways to fund the dreams of any aspiring college student. Through Retirement Accounts, college plans,...