What Are Living Benefits of Life Insurance?
What Are Living Benefits of Life Insurance? Discover how these riders go beyond a death…
What Are Living Benefits of Life Insurance?
What Are Living Benefits of Life Insurance? Discover how these riders go beyond a death benefit, providing financial help for your family, medical bills, and long-term care. Introduction: Did you know that 1 in 5 Americans face a critical illness or injury each year? Living benefits are riders attached to certain life insurance policies that…
What is Stranger Originated Life Insurance?
Stranger Originated Life Insurance is the sale of a life insurance policy to a 3rd party for cash. The new owner pays premiums & collects death benefits. Introduction Imagine a knock on your door and a stranger offering you a deal to sell your life insurance policy for cash. But beware, this is the world of…
What Is Temporary Life Insurance?
What Is Temporary Life Insurance? Bridge the gap in coverage & protect loved ones while your long-term policy is approved. Introduction: Submitting your first premium payment with your life insurance application and selecting a temporary policy as the initial premium payment option can provide coverage until the insurance provider sets the actual rates of your…
What is a Juvenile Life Insurance Policy?
Want to know about what is a Juvenile Life Insurance Policy? Our guide to juvenile life insurance explains policy types, benefits & choosing the best plan for your child’s future. Introduction: Planning for your child’s future involves not just education and hobbies, but also financial security. Juvenile life insurance is a specific type of policy…
Should I Buy Life Insurance for My Child?
For parents, the question often arises should I buy life Insurance for my child? Child insurance protects your beloved son or daughter’s financial future. Introduction Many insurers sell whole-life policies tailored specifically for children that include death benefits and savings components. These policies tend to offer lower premium rates than similar offerings for adults. Child policies…
Can You Have Multiple Life Insurance Policies?
Can you have multiple life insurance policies? Yes, having more than one can be useful after major life events or for comprehensive estate planning. Introduction Life insurance gives you financial protection. It also gives your loved ones peace of mind after you’re gone. But what happens if your current policy doesn’t provide sufficient coverage? Yes, multiple…
Does Life Insurance Go Through Probate?
Does Life Insurance Go Through Probate? With a designated beneficiary, it typically doesn’t. Without one, it might need to go through probate. Introduction: Life insurance and probate are important. Understanding them can help your loved ones. Life insurance usually doesn’t go through probate. This is because life insurance policies have beneficiaries. When the policyholder dies,…
Can You Buy Life Insurance For Your Parents?
Can You Buy Life Insurance For Your Parents? Get the facts: legality, steps, & what to consider. Real-life examples are included! Introduction: Imagine this: you’ve built a successful career, but worry about the future financial burden of caring for your aging parents. Could life insurance be a solution? The answer is yes but with some…
4 Life Insurance Mistakes That You Should Avoid
4 Life Insurance Mistakes That You Should Avoid, Ignoring changing needs, relying on employer plans, skipping reviews, and misunderstanding policy types. Introduction Life insurance provides your loved ones with peace of mind after you die but many people make costly mistakes when purchasing it that could rob their beneficiaries of essential protection. When purchasing life…
Is Life Insurance Tax Deductible?
Is Life Insurance Tax Deductible? Confused about it? This guide clarifies & explores tax benefits & alternatives. Introduction: In general, life insurance premiums are treated by the IRS as personal expenses and cannot be deducted from taxes. There may be exceptions. When running your own company, life insurance premiums may qualify as tax-deductible expenses if…
