Does life insurance cover COVID-19?
Life insurance is designed to protect your family financially when the worst happens. This year, the need for that protection has never been more clear. Coronavirus cases are still on the rise in the U.S., with over 7.6 million active cases nationwide as of October 2020. More than 214,000 Americans have died as a result […]
How to work life insurance into your budget
Life insurance provides an important financial safety net, but it can be tough to figure out how to squeeze in one more expense when finances are tight – especially now. At the peak of COVID-19 in April, over 23 million (14.7%) of American adults were unemployed, according to the Bureau of Labor Statistics. As of […]
How to find a lost life insurance policy
Keys. Wallet. Term life plan? Since people often hold insurance for decades at a time, missing policies aren’t uncommon. Case in point: the National Association of Insurance Commissioners (NAIC) has helped people claim over $650 million in missing life insurance money since 2016 alone. If a relative has died but you can’t locate their plan, […]
How to read your life insurance policy
Term life or permanent life? Riders or no? There are many ways to customize your life insurance coverage to protect your family when they need it. That’s why it’s important to learn how to decipher your policy, so you can feel confident that you’re covered. Daunted by that thick stack of paperwork? Don’t be – […]
Can you get life insurance while unemployed?
Life as a professional is looking a little more uncertain for many of us these days. If you’ve recently lost a job, been furloughed, or are facing unemployment in the midst of the pandemic, you’re unfortunately part of a large group of would-be workers across the U.S. Fortunately, unemployment levels have come down from record […]
Help! Why did my life insurance increase?
Did your latest insurance bill come as an unwelcome surprise? Life insurance is less expensive than most people think, but you still don’t want to pay more than you have to. It’s all about protecting your family, and that should start with getting the best rate you can. While it’s uncommon for your rate to […]
Purchasing multiple life insurance policies
When it comes to life insurance, are you fully covered? According to one recent study, 43% of life insurance owners say they either don’t have enough coverage or aren’t sure if their coverage is adequate. In some cases, the solution may be owning two (or more) life insurance policies instead of just one. This strategy […]
What happens if your life insurance company goes out of business?
You’re buying life insurance to protect your loved ones for years to come, so it’s important to make sure your policy will actually be around when you need it. During tough financial times, this question may be on more people’s minds: What happens if your life insurance company goes bankrupt? The good news is that […]
Life insurance for people with disabilities
In the United States, one in four adults are living with a disability. If you’re one of them, you may wonder if it’s even worth it to apply for life insurance. Even if you have a disability, however, there are still options available to you. Here’s what to know about life insurance for disabled individuals. […]
What happens to unclaimed life insurance money?
Life insurance is there to provide a financial safety net for your family when it comes to financial planning, but sometimes, things don’t go as planned. Each year, a small percentage of life insurance benefits go unclaimed by families or other beneficiaries. That means your family could miss out on money intended for them, after […]