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Who is an Insurable Interest for Life Insurance Purposes?

By on March 19, 2014 in Insurance, Life Insurance with 0 Comments
Who is an Insurable Interest for Life Insurance Purposes?

Insurable interest is one of those terms that you’ll almost never hear of outside of the insurance industry. But when it comes to insurance, it is virtually a requirement for any beneficiary you wish to name in your life insurance policy. What is Insurable Interest? By definition, insurable interest is represented by any person who […]

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Should I Sell My Life Insurance Policy?

By on March 19, 2014 in Insurance, Life Insurance with 0 Comments
Should I Sell My Life Insurance Policy?

A life insurance policy is an expense to protect the financial stability of your family. If you die unexpectedly the policy payout helps your family overcome the loss of your income over the coming years and decades. Yet there is a sub-industry where you can sell your life insurance policy to someone else. Why would […]

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Why a Non-Working Spouse Needs Life Insurance

By on March 17, 2014 in Insurance, Life Insurance with 0 Comments
Why a Non-Working Spouse Needs Life Insurance

We normally associate life insurance most closely with breadwinners. The thought is that the primary need for life insurance is a replacement for lost wages. But a non-working spouse needs to have adequate life insurance coverage just as a wage earning husband or wife will. Even though lost wages a primary factor in the need […]

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What is Key Person Life Insurance?

By on March 17, 2014 in Insurance, Life Insurance with 0 Comments
What is Key Person Life Insurance?

As an individual or family you have hopefully heard of protecting your income and expenses through purchasing an appropriate amount of term life insurance. The life insurance provides a substantial sum of money to your family that protects them from the loss of your income. Most people have at least heard of life insurance even […]

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How Much Life Insurance Do I Need?

By on March 14, 2014 in Insurance, Life Insurance with 0 Comments
How Much Life Insurance Do I Need?

Before you can make a decision on whether to purchase term life insurance or whole life insurance, you need to know how much total life insurance you need. Being underinsured is an unfortunate situation that can leave your family scrambling for money. Being overinsured leaves your heirs with a big pile of cash, but you […]

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Should a Stay at Home Parent Have Life Insurance?

By on March 14, 2014 in Insurance, Life Insurance with 0 Comments
Should a Stay at Home Parent Have Life Insurance?

Protecting the income you provide your family is a critical aspect of life insurance. A typical family should have at least ten times each person’s salary in term life insurance. But is it necessary for a family with a stay at home parent to have term life insurance on that parent? The Case for Life […]

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What is More Important: Life Insurance or Disability Insurance?

By on March 14, 2014 in Insurance, Life Insurance with 0 Comments
What is More Important: Life Insurance or Disability Insurance?

When looking at the different types of insurance your family needs some of the common types discussed include life insurance and disability insurance. While both are ultimately important, if you only had enough money to purchase one type of policy which one should you focus on? One protects your family while the other protects you […]

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What is No Medical Exam Life Insurance?

By on March 13, 2014 in Insurance, Life Insurance with 0 Comments
What is No Medical Exam Life Insurance?

Most life insurance policies, whether term, universal, permanent, or whole life, require a medical exam before you will be granted a policy. The exam involves having your blood drawn and sent off to a lab for results. It can take a few weeks to fully process your life insurance policy from the time you accept […]

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Should I Get Life Insurance Through My Employer or Elsewhere?

By on March 12, 2014 in Insurance, Life Insurance with 0 Comments
Should I Get Life Insurance Through My Employer or Elsewhere?

Many employers offer a term life insurance policy for their employees to purchase at a discounted group rate as part of the total benefits package offered by the firm. You can sign up for the policy whenever you like (normally; sometimes you have to wait to open enrollment). But buying a life insurance policy through […]

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What To Do If You Can’t Afford Your Life Insurance Premium

By on March 12, 2014 in Insurance, Life Insurance with 0 Comments
What To Do If You Can’t Afford Your Life Insurance Premium

Whether through loss of a job, lower commissions due to business slowing down, or unexpected higher expenses your budget can easily be compromised to where there isn’t enough money left at the end of each month. If you find yourself in a financial bind you will need to reduce your expenses somehow, and one of […]

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