Life insurance for kids
Every parent expects their children to outlive them, and for many, losing a child is unimaginable. Because it’s uncomfortable to think about, many families never explore child life insurance options or understand the benefits they can provide. Parents and grandparents may choose to purchase life insurance for kids for different reasons, whether the cost of […]
Financial planning for a baby
You’ve picked out a name, shopped for a crib, and painted the nursery. But have you actually sat down and budgeted to make sure you’re financially ready when your little one arrives? Financial planning is important for every household, and it becomes even more critical when children enter the picture. There’s no getting around it: […]
Primary vs. contingent beneficiaries
There’s a reason the term “beneficiary” sounds so much like “benefit.” In the simplest terms, your beneficiary is the person or entity that will benefit from your life insurance policy. After all, life insurance is something you ultimately buy for others, not yourself. Your beneficiaries receive the money so they can cover financial needs, from […]
Do both spouses need life insurance coverage?
Flowers and fancy dinners are nice, but few things say “I love you” more than financial security. Whether at Valentine’s Day or any other time of year, relationships flourish on openness and trust, including the tough conversations. It’s important to make your financial future part of that conversation and to really think about the “until […]
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 […]
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 […]
Is there a life insurance gender gap?
Life insurance is there to protect your family financially if something happens to you. And like so many issues surrounding money, gender often plays a role in who gets covered, and for how much. There are plenty of well-documented differences between men and women when it comes to financial matters, including earnings over a lifetime […]
Life insurance for veterans
You’ve protected your country, and you want to protect your family, too. As a military veteran, you have options when it comes to life insurance. Whether you’re retired from the military or planning to retire soon, here’s what to know about life insurance for veterans. Does the VA offer life insurance? As an active military […]
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. […]
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 […]