A unit of Colonial Penn life insurance is a term life insurance policy that offers coverage for a set period of time, typically 10, 20, or 30 years. The death benefit is paid out to the beneficiary if the policyholder dies during the term of the policy. The premium is set at the time of … Read more
When it comes to life insurance, there is no one-size-fits-all answer. The right amount of coverage for you will depend on your unique circumstances and financial goals. To determine how much life insurance you need, start by calculating your annual income and adding up your debts and other financial obligations. Then, factor in the cost … Read more
When it comes to life insurance, there are many different options available. Term life insurance is one type of policy that you may come across, but is it worth it? Term life insurance policies typically last for a set period of time, such as 10, 20, or 30 years. If you die during that time … Read more
When determining how much life insurance you need, there are a few things to consider: your dependents, your current lifestyle, your outstanding debts, and your future goals. Your dependents are the people who rely on you financially. This includes your spouse, children, parents, grandparents, or any other family member who would be financially impacted if … Read more
When you purchase life insurance, you essentially bet that you will die before the policy expires. If you die while the policy is in force, the insurance company pays the death benefit to your beneficiaries. If you don’t die, the policy expires and you get nothing. There are two basic types of life insurance: term … Read more