3 Types of Living Benefits for Life Insurance
Posted: September 7, 2021
Life insurance is mainly designed to pay out death benefits to beneficiaries. But some life insurance policies also provide living benefits for policyholders. The following are three types of life insurance living benefits. Accelerated Death Benefits Most life insurance policies contain a provision known as Accelerated Death Benefit (ADB). It allows the policyholder to receive a portion of the life insurance money while he or...
Starting a Family? Consider These Types of Life Insurance
Posted: August 22, 2021
When you have children, it is more important than ever to have life insurance. You want to provide for them in case something should happen to you. Death benefits from a life insurance policy could cover the mortgage payments, pay for your child’s college education, and help support your family. What Are the Different Types of Life Insurance? The two main types of life insurance...
Why You Still Need Life Insurance After Retirement
Posted: August 7, 2021
It may seem like a no-brainer to let your life insurance policy lapse or cash it in after you retire. After all, the main purpose of life insurance is to protect your family against the loss of your income should anything happen to you. Actually, life insurance is good for more than simply replacing your income in the event of your death. After a closer...
How Much Life Insurance Do I Need?
Posted: July 22, 2021
Calculating how much life insurance involves evaluating your financial circumstances, which vary widely from family to family. In essence, you want a policy that will cover income loss due to death, provide your family with the capacity to pay off all bills, and provide your family with the financial support your dependents need. A basic calculation is to purchase a policy that pays out ten...
The Five Types of Insurance Every College Student Needs
Posted: July 16, 2021
Parents face many challenges in preparing a child for college. The process generally starts in the junior year, including monitoring grades, applying for scholarships and grants, and visiting various college campuses. The focus on college can become an all-consuming task. Once a college is chosen, and your child is accepted, a new set of challenges arises. One neglected area to add to the college "to-do"...