Voluntary life insurance is an optional benefit offered to employees by employers. It pays cash benefits to a beneficiary upon the death of the insured. In exchange for the employer’s guarantee of payment of these benefits, the employee pays a monthly premium. Typically, employer sponsorship makes premiums less costly than
The right to privacy is a bedrock of American values. However, for purposes of life insurance, privacy does not extend far. Your insurance company receives information from your healthcare providers and other sources and shares it with other insurers. Lifestyle changes and health conditions can affect your policy and rates.
People in their 20s and 30s may believe that they are too young to need life insurance. In some cases, they may put off purchasing life insurance to pay off other debts. The truth is that buying life insurance young can save you money. Typically, the younger you are when
When you purchase life insurance, choosing your beneficiaries is a challenging yet crucial step in the process. Who to name as your beneficiaries is something only you can decide. You have the option to name more than one beneficiary, which can be accomplished by assigning a percentage of your life
A graded death benefit policy is a type of whole life insurance policy with a waiting period. It may be an option for people who are unable to be approved for standard life insurance. There is no medical exam required. People who have been declined for life insurance from all
Death is as certain as taxes, and your final expenses may be more than you are anticipating. That’s why it makes sense to purchase final expense insurance to help protect your loved ones after you are gone. Our knowledgeable agency can help you find a final expense insurance policy to
A life insurance policy is a wise investment, but also a financial commitment. Most are effective for 30 years or more. For your policy to remain in effect, you must continue paying your premiums, month after month. If the premium payments are putting a strain on your budget, you may
In most cases, life insurance benefits are paid out after the insured dies and a claim, along with a certified copy of the death certificate, is filed with the insurance company. In cases of terminal illness, however, there may be an exception to this rule. If you have been diagnosed
When you purchase life insurance, you pay the premiums for years or decades, and your beneficiaries collect the benefits when you pass away. It is important to tell your beneficiaries about the policy so they file a claim with the insurance company after your death. How Are Death Benefits Collected?
Buying life insurance for the first time can be a bit confusing, but our agency is available to help you through the process. Here we have outlined the steps you will need to take to purchase a life insurance policy. Learn the Lingo Half the battle is knowing the life
