How does convertible term life insurance work?
With the right life insurance policy, you can provide your family with the financial security they need to navigate life’s big milestones, like college, home ownership, marriage, and having children. Term life insurance policies, which provide coverage for a set period, can be fine-tuned for specific goals like these. As your life and your goals […]
Life insurance contestability period
In many cases, your life insurance company will provide your beneficiaries with a death benefit if they file a claim following your death. However, suppose you pass away within the first two years after your policy was issued. In that case, the insurance company will review your application and investigate whether any fraud or misrepresentation […]
5 Common life insurance scams
Life insurance is designed to provide financial protection for your loved ones if something unexpected happens to you. But sometimes, scammers step in and try to lure you into making a false purchase or providing sensitive information. That’s why working with top-rated insurance companies and dedicated agents to find the right policy can be critical. […]
How do life insurance companies use big data?
As a consumer, protecting your data is an important part of your financial security. According to Pew Research Center, 81% of Americans believe they have little control over the information companies collect about them, and that the potential risks of collecting that data outweigh the benefits. With more companies relying on personal data to market […]
How to file a life insurance claim
The days after a loved one’s death can be overwhelming, both emotionally and logistically. On top of dealing with your and your family’s grief, there are countless details to manage, like planning the funeral, securing their home, and locating their will. It can also be a financially stressful time, especially if your loved one was […]
How to cancel a life insurance policy
Life insurance is designed to be with you for the long haul. People typically buy coverage that lasts years or even decades, providing a financial cushion through many of life’s unknowns. As life changes, though, you might decide that your policy isn’t right for you anymore. So, can you cancel life insurance? It’s possible to […]
Can you have more than one life insurance policy?
When it comes to life insurance, how much is too much of a good thing? Most Americans understand the importance of life insurance: About 70% of people say that they need life insurance, according to a 2020 LIMRA study. Yet only half (54%) of adults actually own it. Even among people who have a life […]
Why review your life insurance policy annually?
If you’ve already purchased life insurance, you’ve taken a big step toward securing your financial future. Now, you need to make sure that your life insurance keeps up with your life. Don’t set it and forget it – changes in your career or family can affect how much you need and where you want it […]
Life insurance underwriting process
Life insurance is there to provide a financial cushion for your family to protect them from the unexpected. Every person’s situation is different, which is why life insurance policies aren’t one-size-fits-all, either. That’s why life insurance companies use a process called underwriting to get a clear picture of your background, your health, and your lifestyle […]
Life insurance laddering
Life is always changing, which means that your life insurance needs are often changing, too. As a newlywed, you want to protect your spouse financially if something happens to you, so they can cover the mortgage or other daily expenses. When you start growing your family, your financial needs often grow alongside them – moving […]