If you need extra cash or if you have a life insurance policy you no longer need, there are alternatives to surrendering it for the cash value. One method that’s gaining popularity is to sell the policy outright. While this can earn you more money than you would otherwise receive, it’s important to understand how this process works. Once you… Read more →
Getting approved for life insurance isn’t a guarantee, especially with more substantial amounts of coverage. Even life insurance policies that do not require a medical exam can be denied. The following are the most common disqualifications from life insurance although not all of these factors guarantee a denial from every company. Income Limitations Insurance companies may deny policies to applicants… Read more →
Life insurance is a type of insurance that pays out benefits after the insured person dies. It may also be paid out after a certain amount of time. Many people are told that they need life insurance. However, before you get life insurance, there are essential things that you should know about it. You Need Life Insurance if You… Read more →
Traditionally called “life insurance loans,” a policy loan is issued by an insurance company that uses the cash value of a person’s life insurance as collateral. How does it work? As you pay your premiums, you build cash value in the policy. This is more typical for permanent life insurance, such as whole life or universal life. During the early… Read more →
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 →
If you are an adult, you are probably familiar with the complexities of the insurance industry. There are several different kinds of insurance available to us. Whether you need your car, house or phone insured, chances are there’s a policy out there for you. While I specifically deal with life insurance policies, I am not opposed to speaking about other… Read more →
Life insurance is one of the most important investments of your life. If you can afford a policy, make sure to get one. It can save your family a great deal of grief in the future. But today, I’m not here to discuss life insurance; I’m here to discuss the strange things that are covered by all different kinds of… Read more →
Life insurance is a necessity, which I’ve mentioned time and time again. I can’t overemphasize the importance of life insurance. I’ve mentioned this before in several blogs, and while I’ve mentioned its importance, I do not believe that I’ve really discussed who life insurance is for. With that being said, I figured I could highlight who would benefit most from… Read more →
Most people who have health insurance policies tend to have busy schedules, especially during the holidays. But between all of the hustle and bustle of gift shopping, business meetings and family dinners, try to make some time to check over your health insurance policy. While that may seem like an arbitrary task to complete, it can prove to be quite… Read more →