Life
What Are The Different Types Of Term Life Insurance Policies?
Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount during the term of the policy. A level term policy pays the same benefit amount if death occurs at any point during the term. Common…
Read MoreHow Much Life Insurance Do I Need?
In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance or make a charitable contribution, buy enough life insurance to achieve those goals. If you have dependents, buy enough life insurance so that, when combined…
Read MoreWhy Should I Buy Life Insurance?
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations: Replace income for dependents. If people depend on your income, life insurance can replace that income for them if you die. The most commonly recognized case of this is parents with young…
Read MoreIN: Do I Really Need or Want Need Life Insurance?
Dear Valued Customer, To some, life insurance is a taboo subject, but many financial experts consider life insurance to be the cornerstone of sound financial planning. In this issue of “—————,” we focus on the different types of life insurance, how much life insurance you need, and all the reasons why you should buy it.…
Read MoreIN: How To Choose The Right Type Of Life Insurance
Dear Valued Customer, In this issue of “———————-” we focus on choosing the right type of life insurance for you. There are multiple options to consider when trying to determine what type of life insurance is right for you, including selecting between term and permanent life insurance, and, the myriad other options: how much is…
Read MoreHow To Choose The Right Type Of Life Insurance
Choosing the right type of life insurance can be confusing, but it’s also an important decision. Here are some guidelines that can help you narrow down your best life insurance options. Consider term life insurance if… You need life insurance for a specific period of time. Term life insurance enables you to match the length…
Read MoreWhat Is A Beneficiary?
A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person Two or more people The trustee of a trust you’ve set up A charity Your estate If you don’t name a beneficiary, the death benefit will be paid to your estate.…
Read MoreHow Should I Organize & Store My Life Insurance Records?
The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance. To prevent this, you should have copies of your life insurance records in at least two places. This is to make it less likely that you’ll lose them…
Read More