Term life insurance is the most affordable form of life insurance. It provides coverage for a specific period, typically 10 to 30 years. A contract between you and an insurance company is established which, as long as you pay your monthly premiums, should you die unexpectedly, a death benefit will
As most people are aware, funerals are expensive. A premium casket alone can run up to $10,000. Costs can vary, depending on the state, the selections you make, and whether the deceased is buried or cremated. The national median price was nearly $8,000 in 2021, as stated by The Zebra,
Life insurance can help protect your loved ones financially in case of your death. If you have a whole life or universal life insurance policy, you may be able to access accumulated cash value for emergency funds during your lifetime. Even so, it is a good idea to have an
It can be discouraging, to say the least, when you are trying to protect your family by purchasing life insurance, and your application is rejected. If you have been denied life insurance, you are not alone. It happens to people every day. Keep in mind that you have options and
Creating a will is one of the most important legal actions for people of all ages. Many younger people believe writing a will is for later in life. In fact, a will can be one of the most significant actions for young families to protect their spouse and children from
The Christmas season is fast approaching, and finding the right gifts for our loved ones is at the top of our minds. You may not consider life insurance an ideal gift, but it may surprise you that it can be, particularly for the younger members of your family. Read five
How Life Insurance Can Be Used Life insurance can be an estate planning tool, an investment vehicle, or simply a way to replace lost income in case of unexpected death. Some people purchase life insurance to establish an inheritance for their children or as a strategy to donate to a
Becoming a new parent is an exciting, challenging, and somewhat overwhelming experience. When your child is born, you are suddenly responsible for a whole new little person. Instantly, your top priority becomes caring for and protecting your child. Life insurance plays an important role in protecting your baby boy or
A college student does not typically have children or debt, other than student loans. With no dependents who rely on them, why would you buy life insurance for a child in college? No one wants to consider the death of a child. However, should this tragedy occur in your family,
When you purchase a life insurance policy, you must name a beneficiary, or several. The listed beneficiary is the person who will receive the death benefits should you pass away before you time. A sudden death due to an accident or illness leaves the family bereft, but the life insurance
