When someone experiences financial troubles, it’s common to worry over the potential loss of health insurance. After all, the loss of health insurance will cause an even greater financial burden in the event of major medical claims, but its absence can also limit treatment options as well. And car insurance – well, having it is […]
Term
Term life insurance can be a wonderful way to protect your family very inexpensively. This section is full of articles which explain the ins and outs of term life; how much you might need, how to buy it inexpensively and where the best places are to buy the coverage you need. This section also discusses some types of term life you might want to avoid.
We all know about the importance of getting life insurance on your spouse. In fact, life insurance policies between spouses, naming the other as primary beneficiary, are probably the most common forms of life insurance. But what about getting life insurance on a former spouse? Is it possible? And if it is, how common is […]
When it comes to student loans, we mostly think of how will we live with them? Far fewer people ask the question, “how will I die with them?” And it can be an important consideration. Federally backed student loans generally provide for a discharge upon death. The borrowers family can provide documentation and paperwork that […]
Many people believe that you must name your spouse as the beneficiary on any life insurance policies that you have. While naming your spouse may be your primary objective, that assumption is not even remotely true. You can name anyone as a beneficiary who has an insurable interest, which is an insurance term that means […]
Depending upon what stage of life you are at, you may think that you don’t need life insurance. If that’s what you believe, think again! And think long and hard! Virtually everyone needs at least some minimal level of life insurance coverage, if for no other reason than to pay for final expenses. But there […]
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 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 […]
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 […]
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 […]
