A major benefit of gettinglife insurancethrough your job is how easy it is. For instance, you may know you need to get life insurance; maybe you simply haven't gotten around to it yet. Work-sponsored plans are a great solution to this. And if cost is a concern, you may want to go...
Are you facing a dilemma choosing between level and decreasing life insurance? This post is for you! Inside, we’ll help you decide the most suitable option for you depending on your current needs and preferences. The idea is to show you what each cover entails while also explaining their ...
What Is the Best Age for Life Insurance?You might be wondering, at what age should you get life insurance? No matter how young or old you are, the answer is now. When you’re younger, you’ll receive a lower premium. As you age, health problems could pop up that make you ...
Group life insurance plays an important role in providing financial security to employees and their families.
(Note: life insurance may come with investment-type benefits (i.e.Investment-Linked Policies), such as annuities or cash bonuses. We’re not talking about those here, because this is strictly about insurance). 5. Personal accident plan ...
A life insurance policy could be used to help those co-signers to settle your debts. For example, if your parents co-signed on your credit card, and are your beneficiaries, they will get your death benefit and can use it to pay off that credit card when you pass, without ending up ou...
Life insurance guarantees both you and your family will retain financial security, even in the event of a tragedy. Additionally, if you’re planning on having children in the future,talking to your partner about life insuranceis important. Should one of you getdiagnosed with a severe illnessor...
What Life Insurance Should I Get When I Have a Baby? If you have children, life insurance can provide needed financial support in the event of an untimely death. In terms of amount, the death benefit should be enough to cover all your existing debts and obligations, replace your income for...
Life insurance can be a helpful financial tool to possess, but buying a policy doesn’t make sense for everyone. You may not need life insurance if you're single and have nodependents, havebeneficiariesfor your major assets, and possess enough money to cover your debts as well as your fina...
Intention of the doctor to find a source of cash to pay off the family debts and lower monthly expenses; Consideration of having to retire from medical practice due to the disease and having an insurance policy; Suggestion to check for the policy's automatic loan feature; Possibility of ...