How much life insurance you need, worked out step by step: income replacement, debts, mortgage, education and final expenses, minus savings and existing coverage, plus rules of thumb (10x income, DIME), worked examples and how long a term to choose. Continue reading How Much Life Insurance Do I Need? A Step-by-Step Method With Worksheet and Examples
A plain-English guide to life insurance beneficiaries: primary and contingent beneficiaries, per stirpes versus per capita, naming minors and trusts, what happens with no beneficiary, divorce and community property rules, irrevocable beneficiaries, taxes and how beneficiaries file a claim. Continue reading Life Insurance Beneficiaries Explained: How to Name, Update and Avoid Common Mistakes
A plain-English life insurance guide: who needs coverage, term vs whole vs universal life, a worked method for how much you need, what affects the price, exam and no-exam policies, beneficiaries, riders, how to apply and the mistakes and scams to avoid. Continue reading Life Insurance Guide: Types, How Much Coverage You Need, Costs and How to Apply
A general guide to disability insurance: short-term and long-term coverage, elimination and benefit periods, how disability is defined, taxes and how it differs from SSDI. Continue reading Disability Insurance Basics: Short-Term vs Long-Term Income Protection
A general comparison of term and whole life insurance: how long coverage lasts, how cash value works, how premiums compare, and which questions to ask before buying. Continue reading Term Life vs Whole Life Insurance: How the Two Main Types Differ
Why do financial advisors push life insurance? Financial advisors may better serve their clients by providing more complete wealth planning services and commissions. Advisors may find it difficult to talk about life insurance with their clients and may have to…
What is life insurance net cash value? The cost of cash-value insurance policies is typically higher than the cost of level-benefit policies. In contrast to term insurance, cash value insurance policies do not become invalid after years. When you make…
When must insurable interest exists for a life insurance contract to be valid? This post will aid you immensely if you are among those who usually ask this question. When it comes to life insurance, an individual has an insurable…
Who is the beneficiary of credit life insurance? Today, a lot of individuals ask this question. Thus, we’ve prepared this article to assist you. Estate planning may assist you in developing a complete financial strategy for your lifespan and beyond.…
What type of life insurance is credit policies issued as? Credit life insurance will protect a significant debt while benefiting the lender by paying down the balance. This works if the debtor dies or becomes permanently incapacitated before the debt…
