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 […]
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 […]
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 […]
Coronavirus and life insurance: What should you know?
The rapid spread of COVID-19 – short for coronavirus disease 2019 – has set off alarm bells around the world. In the first two weeks of March, the number of cases of COVID-19 outside China has increased 13-fold. As of mid-March, there are more than 118,000 reported cases in 114 countries, prompting the World Health […]
Is life insurance tax-free?
When it comes to buying life insurance, understanding the process is key to ensuring your own peace of mind. Life insurance is about protecting your family’s financial future – and you want to make sure the money you leave behind goes to them, not to Uncle Sam. The good news? In most cases, life insurance […]
How are life insurance companies rated?
Choosing life insurance is one of the most important decisions you’ll ever make. After all, you’re buying financial protection for the people you love when you’re no longer there to care for them. A lot of people choose a life insurance plan based on factors like coverage length and costs, but it’s not just about […]
8 things that might surprise you about life insurance
You know the basics about life insurance – it’s there to protect your family, it can provide them with a cash cushion if something happens to you, and, oh yeah, you should probably get it if you haven’t already. But what you don’t know might surprise you. In honor of Life Insurance Awareness Month, we’ve […]
Quiz: How likely are you to buy life insurance this year?
How do you know when it’s time to buy life insurance? That’s easy: If someone else depends on you financially, you need to get covered. That way, if something happens to you, your coverage can provide money to help them carry on. Of course, people buy life insurance for a variety of reasons. Some of […]