Thinking about life insurance can feel overwhelming because it forces us to confront our own mortality. While it’s not something everyone needs, there are certain times in life when having life insurance becomes really important. There are plenty of options out there when it comes to life insurance. **Getting Married** The first time I seriously…
Imagine finding a solution to the looming retirement challenge as the Baby Boomer generation starts turning 65. In 2013, a staggering $639 billion worth of life insurance benefits were forfeited or let go, and 88% of Universal Life policies were given up before any claims were made. Instead of losing out on this money, seniors…
We’re all pretty familiar with those price comparison websites that seem to bombard us with ads. Whether it’s for the latest gadget or your next vacation, you can find a way to compare almost anything online. These sites make things convenient for shoppers, but if you rush through them, you might not save as much…
### Understanding the Value of Life Insurance When I was 16, my father unexpectedly died after a short illness. My parents didn’t have life insurance, so we had to rely on help from the Department of Veterans Affairs because my father was a disabled veteran. They provided around $2,000, but my father’s funeral cost about…
Paying for insurance can sometimes feel like a hassle, but it’s truly important. Life can hit us with unexpected events like severe weather, sudden illness, car accidents, or even house fires. When these things happen, you’ll be glad you have insurance. I didn’t fully appreciate the importance of insurance until I found specialized coverages from…
Insurance companies set premiums using complex statistical analyses to evaluate risk factors and the likelihood of paying out benefits for each policy. Whole Life vs. Term Life Insurance: The Basics Whole life insurance takes into account the policyholder’s entire remaining lifespan. Applying at a younger age means lower risk for the insurer. In contrast, term…
Talking about life insurance might not be everyone’s idea of fun, but it’s something important to think about. Surprisingly, a recent study found that nearly one-third of U.S. families don’t have any life insurance. Even among those who are insured, many don’t have enough coverage. Are you in this group? Don’t become just another statistic….
Life insurance is a crucial investment, especially if you have a family that relies on you. Think of it as a financial safety net for your loved ones in case anything unfortunate happens. The key is to pick the right coverage plan so you don’t end up paying too much or too little, or getting…
As winter fades and spring warms up, the United States is set to experience some intense weather this year. We’re talking about floods, earthquakes, and hurricanes, which will cause massive damage costing billions and affect millions of lives. Many homeowners think their insurance will cover these disasters, but sadly, this isn’t always true. Standard policies…
Navigating adulthood can be tough with all the added responsibilities, especially when it comes to discussing things like life insurance. It might feel strange to think about one’s own death, but life insurance is an important, yet often overlooked, part of adulthood. When considering life insurance, it’s essential to understand your options. Many well-known companies…