Naming multiple life insurance beneficiaries
Life insurance is there to protect your nearest and dearest financially. But what if that includes multiple people? Life insurance supports your loved ones by helping them pay regular expenses, cover debts, and save for the future. That’s why choosing the right beneficiary (or beneficiaries) is key. Here’s how you can make sure that funds […]
Reasons why a claim is denied
Worried that your life insurance policy won’t pay out when your family needs it most? First, take a deep breath. It’s rare for life insurance claim denials to happen. If you bought your life insurance from a reputable company and are keeping up with payments, there’s rarely a need to worry. That said, there are […]
How much does life insurance cost?
In the market for life insurance and wondering how much it’s going to cost? You might be pleasantly surprised. The cost of life insurance depends on what you buy, and there are a lot of options out there. But in general, people tend to overestimate the cost of life insurance. According to a recent study, […]
Life insurance payout options
Life insurance can help you and your family rest easier that your future is secure. If you die unexpectedly, life insurance provides a payout called a death benefit to help support your family and give them peace of mind, both now and in the years to come. So what exactly is a payout in life […]
What is a life insurance premium?
When you shop for life insurance, one phrase that’s likely to come up is “life insurance premium.” But what is the premium for life insurance, and what does it have to do with your coverage? In life insurance-speak, “premium” is just another word for payment. This is what you’ll pay to keep your coverage active. […]
Is there a life insurance race gap?
Over the last year, Black communities across America have been hit especially hard by the health and financial effects of the pandemic. At the same time, protests are growing over violence to the Black community. These issues are shining a spotlight on racial justice in America, and financial security is a big part of that […]
What to do with life insurance money
Most people buy life insurance hoping that they won’t have to use it (at least not for a long time). But if the unexpected happens, the payout from a life insurance policy is there to help. If your loved one leaves you life insurance money, here are ideas for how to make the most of […]
Understanding life insurance exclusions and clauses
You’re committed to providing for your family. Life insurance policies are designed to offer that financial peace of mind, protecting your interests while making it clear what the company’s obligations are. Life insurance is a legal contract between you and your insurer. You make regular payments, and they agree to pay a certain amount to […]
Does BMI affect life insurance rates?
Your health is one of the biggest factors life insurance companies consider when you apply for a policy – and that includes measuring your body weight and body mass index (BMI). So can you get life insurance with a high BMI? If you have a BMI that’s higher than normal, the good news is there […]
Life insurance for people with epilepsy
One in 26 Americans will develop epilepsy during their lifetime. Worldwide, there are more cases than autism spectrum disorder, multiple sclerosis, cerebral palsy, and Parkinson’s combined. Like any medical condition, epilepsy can make getting life insurance coverage a little more complicated – but there are still options. Here’s what you need to know about life […]