When buying a life insurance policy you don’t necessarily have to have the death benefit paid out in a single lump sum upon the death of the insured. You can also opt to have benefits paid out over a period of several years. This arrangement can be beneficial in several ways. Insurance proceeds are often […]
The following are posts by staff writer, Kevin Mercadante, who is a professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has backgrounds in both accounting and the mortgage industry.
We generally tend to think of DUI (Driving Under the Influence) and DWI (Driving While Intoxicated) as being automobile insurance issues. In fact, they can affect other types of insurance, including life insurance. Why does DUI – DWI affect life insurance When you apply for life insurance, it isn’t just your health history that the […]
The whole topic of life insurance for your children is a highly emotional one. As the father of two children, I’m not entirely comfortable discussing it myself. But it’s an important issue, and one we should all deal with in a serious way. Fortunately, these days at least, children are highly unlikely to die. Advances […]
Since most people have only the most superficial understanding about life insurance, there may be misconceptions about applying for it too. Five of the more common misconceptions include: 1. Thinking Whole Life Insurance is a good investment Many people choose whole life insurance over term insurance because of the investment provision. But that may be […]
For many people, the idea that you need to have life insurance when you are retired is a bit of a stretch. After all, when you’re retired no one is dependent upon your income, and you may be effectively self-insured as a result of having a large investment portfolio. But while that may be true, […]
The most fundamental problem with a term life insurance policy is that sooner or later the term is up, and you will need to renew your coverage. If you stay with the same policy, the premium will always be higher. And if you have held the policy for 10 years or longer, the premium will […]
If you remember the financial meltdown a few years ago, you probably also remember that a number of banks, mortgage companies and other financial institutions failed and went out of business during that unfortunate time. But one industry sector where failure was rare was life insurance companies. Could a life insurance company fail and go […]
When you apply for life insurance, many life insurance companies will require that you complete a life insurance exam. How you do with the exam will be important. It could not only determine whether or not you get the life insurance you are trying to apply for, but it also affects the price you will […]
Though depression is often thought of as a psychological disorder, it is one that can also have implications for your physical health as well. Life insurance companies are aware of this connection, and will pay close attention to your history with the condition. They may charge higher premiums as a result of depression. What constitutes […]
When we use the phrase “term life insurance” it implies a single type of life insurance. But in point of fact there are different types of term life insurance – and at least six of them at that. There may be more than six – certainly there are some custom plans out there for preferred […]
