Category: Life Insurance

Article Summary: Ancillary health insurance is a secondary healthcare benefit that covers medical expenses sometimes outside the scope of traditional health insurance. Hospital bills and drugs for a medical emergency are types of ancillary insurance that traditional insurers will cover. Ancillary health insurance also takes the form of dental and eye care, which is typically […]

Article Summary: Life insurance covers both accidental and natural death. The beneficiaries can then use the death benefit to pay bills, debts, or even college tuition. However, many policies will not pay a death benefit if the policyholder died while committing a felony or insurance fraud. Death is never pleasant to think about, but sometimes […]

Article Summary: Before writing your will, decide the type of will you need. After that, choose a beneficiary, an executor, and a guardian (if you have children). Finally, sign your will and keep it stored somewhere safe and inform your loved ones where the document is. Writing a will can be scary. Let’s face it, […]

Article Summary: A 26(f) retirement program is designed to build wealth by investing in a life insurance policy. If done properly, these plans utilize tax advantages and build cash value. Note that unlike a 401(k), a 26(f) program is not backed by an employer. However, the consensus among financial advisors is you can obtain similar […]

Article Summary: Assignor and assignee are terms typically used to define roles in contract assignments. The assignor is the original party to the contract. They have the ability to assign the rights and benefits of said contract to a third party, otherwise known as an assignee. Typically, these are most used when considering wills and […]

Article Summary: Power of attorney after death gives a person the authority to act on behalf of the deceased, also known as the principal, to execute their wishes after they pass. This differs from a power of attorney, which is only valid when a person is permanently incapacitated in some way, but is otherwise still […]

Article Summary: Unfortunately, a person’s debt doesn’t magically disappear when they die. Instead, the deceased’s debts are often settled by the assets in their estate. Often these assets will cover all the debts and the remainder of the estate will be distributed among the inheritors. In some cases, however, heirs will inherit debt as well […]

Article Summary: In various circumstances, such as when signing up for a life insurance policy, setting up a retirement account, or establishing a trust, you will name one or more beneficiaries. All the conditions in the policy, trust, or account must be legally documented. When all these conditions are met, the income, proceeds, or benefits […]

Article Summary: Per stirpes and per capita are two different ways of distributing assets in a will. Per capita evenly divides an estate among the surviving beneficiaries, while per stirpes allows assets to pass to the next generation if a beneficiary has already passed. Estate planning is one of the most critical pieces of the […]

The coronavirus pandemic has many people considering their life insurance coverage. This article provides straightforward answers to the most frequently asked questions by our users, such as what is term life insurance or how much insurance do I need? Millions of businesses have seen sales plummet because of the coronavirus pandemic. But for online life […]

These are the most dangerous jobs in the United States, according to the latest Bureau of Labor Statistics data. You may be surprised by what people are paid for these high-risk jobs. When it comes to choosing an occupation, most people consider how much they can earn, the benefits, and if their skill set is […]

Having a baby is one of those milestones in life where parents should start considering life insurance. But do you need life insurance for your baby? Many experts would tell you that it’s not necessary. But getting life insurance is sometimes more about giving your family choices than it is a simple financial transaction. Here are three reasons […]

Most life insurance companies require you to get a medical exam to qualify for a policy. But what if you don’t have time for an appointment, or you hate needles, or you have a health issue that may complicate matters? Good news—there’s a way around it. The question is whether or not it’s the right […]

Guaranteed life insurance is exactly what it says it is: you are guaranteed a life insurance policy no matter your health or age. These policies are most often purchased by people with current or past health problems, or by people who don’t have the option to buy life insurance through an employer. In fact, this […]

Most people think of life insurance as an essential safeguard for young families. However, Anthony Martin—owner of the final expense life insurance company Choice Mutual—says that there are many reasons why an individual over 65 might want or need life insurance as well. “On the aggregate, their needs might differ from those of their younger […]

There are many reasons why people decide to secure a life insurance policy. The primary reason is to ensure their children will be provided for in the event of their death. If you’re uncertain whether or not you should purchase life insurance, ask yourself these questions: Will anyone be financially impacted adversely by my death? […]

Life insurance is one of those things that most everyone should have, but many people don’t. In fact, people tend to put off buying life insurance, especially if they’re young and healthy. But being young and healthy is precisely when you should buy life insurance. Your rates will be lower, and it will be much […]