Parents often wonder about the best ways to save towards their child’s future. There are several options: savings accounts, mutual funds, bonds, and life insurance. While life insurance can be used in the event of a child’s death, it can also be used as a building block towards college tuition and other expenses once a child reaches adulthood. Different… Read more →
Tag: Death Benefit
The Pros and Cons of Permanent Life Insurance
Permanent life insurance provides protection throughout a person’s lifetime, provided that premiums are paid. It also builds cash value, which can be borrowed against or used to make premium payments. Term life, on the other hand, provides protection for a certain number of years and builds no cash value. Insurance experts recommend most people carry permanent life insurance and add… Read more →
3 Reasons You Need Disability Insurance
Insurance is often the only source of security we have in the face of unforeseeable tragedy. Yet, it is so easy to neglect so long as there are no immediate repercussions. When we fail to attain coverage, there is no negative consequence forcing us to think otherwise, until it’s too late anyway. The only time we are ever truly exposed… Read more →
Life Insurance and Taxes
Unfortunately for many, the tax deadline is approaching. Full of complexity and difficult-to-read text, tax season has innumerable individuals banging their heads against the wall in frustration. It brings with it added work; but hopefully it brings with it a positive return as well. You may be asking yourself how tax season pertains to your life insurance policy and whether or… Read more →