How to Save Money on Your Life Insurance

Life insurance doesn’t have to break the bank. Here’s how to save on a policy. Cost is the biggest reason why many Americans don’t have life insurance. Despite this, life insurance is a reasonable expense for many families to endure as it doesn’t have to cost an arm and a leg. Commonly thought as an expensive policy, it’s actually one of the most affordable. If you need to wrangle a lower rate for your life insurance, here’s how to get started. Choose a term life insurance policy Term … [Read more...]

Avoid Making These Life Insurance Mistakes

Frequent life insurance mistakes to avoid when purchasing a policy. Life insurance coverage is there to protect and provide for your family in the event of your death. Although it can be complicated, it is no reason not to persevere to find the right policy. As there are different options of coverage available, there are some common misconceptions about purchasing life insurance policies. This can quickly lead to people being underinsured, having the wrong coverage, and experiencing a decline … [Read more...]

Life Insurance Terms You Need To Know

Life Insurance Terms Choosing the right life insurance plan is the best way to make sure that your loved ones have the financial protection that they need when you pass away. With all the specialty terms and insurance jargon that is included in your life insurance policy, it can be easy to get confused about your coverage. Make sure you fully understand these life insurance terms so that you can fully understand your life insurance coverage. The beneficiary of your policy is the person who … [Read more...]

Risky Hobbies You Can Insure Under Your Life Insurance Policy

Are you one who enjoys skydiving and scuba diving on a regular basis? Do you ever have trouble obtaining insurance due to your risk taking hobbies? Thrill seekers, there is no need to fret! You may be able to insure your most dangerous adventures under your life insurance policy. Yes, you must expect to pay elevated premiums since you are risking your life more than the typical citizen, but you will receive coverage nonetheless. Compiled is a list of some dangerous hobbies you may be able to … [Read more...]

Insurance You Need During Each Decade of Life

While insurance often seems like more of a burden than a blessing, having substantial coverage in all areas of your life is imperative. Each decade of your life requires you to update, alter, and purchase insurance different policies. While each individual’s insurance requirements vary depending on their unique situations, compiled is a list of types of insurance you need during each phase of your life, based on typical situations: 20s Since health insurance is now required by law, you … [Read more...]

The Best Type of Life Insurance for You

If you are considering life insurance (and you should) you will be faced with the decision of choosing between two basic forms of coverage. There is term insurance and permanent insurance. Your goals and stage in life will determine what type of insurance is best for you. Term insurance is a low cost insurance that will cover you for a specified period of time. Common term life insurance periods are 10 year, 20 year or 30 year term. If you buy a home with a 30 year mortgage for example, you … [Read more...]

The Benefits of Permanent Life Insurance

We often get questions about the best type of life insurance for people to buy. Your choice of term life insurance or permanent insurance will likely depend on your circumstances and your budget. Here is a closer is a look at permanent life insurance and its advantages. Permanent life insurance will cover you for your entire life, as long as you pay premiums when due. Many people prefer permanent life insurance for some very good reasons. The cash value of permanent life insurance can … [Read more...]