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 […]
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 […]
How much is life insurance for a 70 year old?
Life insurance protects what matters most to you – and that’s important at any age. When you reach 70, those needs may look different than they did years ago. Instead of young children and a mortgage, you may be thinking of providing for your partner after you’re gone or taking care of debts and final […]
Can you take out a life insurance policy on anyone?
Life insurance is designed to protect the people you love from financial challenges after you’re gone. So, who can you buy life insurance for? In most cases, you apply for a life insurance policy for yourself, and your spouse, children, or another trusted person receives the payout if something happens to you. But what happens […]
Financial planning moves to stay secure during coronavirus
The COVID-19 pandemic has completely upended daily life for Americans in the past few weeks. Many are adjusting to working from home, and things as simple as walking outside and spending time with friends have been complicated by the need for social distancing. Yet, while active cases are a major health concern, many Americans are […]
Do you need life insurance for your grandkids?
They say that grandparenting is the reward for parenting. If you’re a grandparent yourself, you’re likely soaking it all in. You can’t even imagine your life without these new little people, and part of that picture is keeping them safe and protected. The protection grandparents want to provide their grandkids is natural – but should […]