How does life insurance work during divorce?
One of the hardest parts of the divorce process can be divvying up everything you’ve built together. If you have kids or a mortgage, you probably have life insurance to sort out as well. So what happens to your policy during a divorce? It’s important to make sure you and your children are protected financially. […]
What happens if you outlive your life insurance?
Life insurance is designed to protect you when it counts. But depending on the type of policy you buy, your coverage may not last forever. Here’s what to expect for each policy type – and what to do if you outlive it. Table of contents Will my life insurance expire? What happens if I outlive […]
Understanding life insurance rate classes
Shopping for life insurance can mean learning a whole new terminology. Wondering what your insurance company means by a rated life insurance policy? Here’s what you need to know about life insurance rate classes and rated policies. Understanding life insurance rate classes Life insurance protects your family financially after you’re gone. If you die while […]
Top 10 life insurance myths, debunked
Buying most kinds of insurance is straightforward. You research your insurance company options to see what’s out there. You gather insurance quotes. And then you get car insurance if you have a car, homeowners insurance if you have a home, and renters insurance if you rent. So, it makes sense that you would have life […]
How much is a 1 million dollar life insurance policy?
One million dollars: Sounds like a lot, right? For most of us, a million dollars is a huge sum of money – one that could help take care of a lot of necessary expenses and bills for our loved ones if needed. Wondering if your family needs that kind of financial protection? And how much […]
Can you donate your life insurance policy to charity?
People buy life insurance for lots of reasons: to replace their income, to ensure proper retirement planning, to protect loved ones financially, or to cover final expenses and leftover debt. In some cases, your goal may be to leave a legacy for a cause you believe in. Whether you’re buying a term life insurance policy […]
Walk MS goes virtual: eFinancial wins ‘Top Overall Corporate Team’ award for MS research fundraising
Multiple sclerosis (MS) is an unpredictable, often disabling disease of the central nervous system. In 2019, research found that nearly 1 million people in the U.S. are living with MS – twice as many as the previous estimate. This makes breakthroughs for those affected even more important, especially during an unprecedented global crisis that calls […]
Is final expense insurance a good deal?
You’re always planning for the next phase in your life: college, career, buying a house, starting a family. But what about the last phase of life – and beyond? No one likes to think about their final days, but when they come, it’s important to make sure your family isn’t stuck with big financial burdens. […]
How to buy funeral insurance for your parents
Most parents do their best to protect their children throughout their lives, and that includes protecting them from financial burdens once they’re gone. If your own parents are getting older, it’s important to make sure everyone’s prepared for the expenses their final years can bring – including funeral costs. The average cost of a funeral […]
What is direct term life insurance?
Shopping for a life insurance policy can mean uncovering options that you didn’t even know existed, like direct term life insurance. So, what is direct term life insurance exactly, and how do you know if it’s right for you? Also known as “direct-to-consumer,” direct term is coverage that you purchase straight from a life insurance […]