When you purchase life insurance, the policy’s face value is the amount of money your beneficiaries will receive upon your death. While the face value is important, it’s not the only factor to consider when choosing a policy. Here’s a look at why face value is important and how to choose the right amount of … Read more
When does a life insurance policy typically become effective? A life insurance policy will typically become effective on the date that it is purchased. When does a life insurance policy typically become effective? When does a life insurance policy typically become effective? A life insurance policy will usually become effective on the date that the … Read more
Many people are surprised to learn that you can purchase life insurance on someone who is already sick or dying. This type of policy is called a viatical settlement. In a viatical settlement, the life insurance policyholder sells his or her policy to a third party (the “viator”) at a discounted rate. The viator then … Read more
If you’re thinking about a career in insurance, becoming a life insurance agent is a great option. Life insurance agents help families and individuals protect their financial future by providing them with life insurance policies. But becoming a life insurance agent isn’t just a matter of getting a license and hanging up a shingle. It … Read more
There are a few key things to consider when making the decision of term life vs whole life insurance. The most important factor is probably your budget and what you can afford on a monthly basis. Term life insurance is typically a lot cheaper than whole life insurance because it does not have an investment … Read more
You should get life insurance coverage for the same reason that you buy automobile or homeowner’s insurance: to protect yourself and your loved ones financially in the event of an unexpected death. Life insurance is particularly important if you are the breadwinner of your family. If you were to die unexpectedly, your death would likely … Read more
When you purchase a life insurance policy, you are essentially buying a promise from the insurance company that they will pay out a certain amount of money to your beneficiaries upon your death. The amount of money that your beneficiaries will receive is called the death benefit. The death benefit is not the only thing … Read more
Permanent life insurance is a type of life insurance that does not expire. With this type of policy, you are typically insured for your entire life, provided you continue to pay the premiums. permanent life insurance can be an important part of your financial security, providing your loved ones with a death benefit should you … Read more
If you’ve ever been in an accident or had your car stolen, you know how important it is to have good auto insurance. It not only provides financial protection in the event of an accident or theft, but also offers peace of mind. Good auto insurance can help you avoid financial ruin if you’re ever … Read more
Most people are familiar with the concept of borrowing from a life insurance policy. However, not everyone is aware of how to actually do it. Here are a few things you need to know before you decide to borrow from your life insurance policy. The first thing you need to know is that you can … Read more