Forward-thinking and responsible individuals buy life insurance to provide financial protection to their loved ones. While it can take some time to pick the right policy type and the right amount of c...
When someone has access to limited financial resources or is deemed to be ‘medically needy’, they may qualify for a medical financial assistance program called Medicaid. While the eligibil...
Commercials about Gerber Life Insurance Grow-Up Plans run frequently and leave parents wondering whether or not it’s wise to buy life insurance on an infant, toddler, pre-teen or teen. It may so...
The endowment life Insurance policy is like a regular life insurance contract, in that it has a face amount, which is paid to the beneficiary upon the death of the insured. However, it matures faster ...
The Modified Endowment Contract is very similar to a regular whole life policy, except for the fact that the premiums paid into the contract are higher than on a similar life policy. The premiums paid...
Many people think that you only really need life insurance if you have dependents. The reality is that even if you have no debts and no dependents, you will need it to cover funeral expenses. In 2014,...
Life insurance is a critical component of financial planning at any age. The lump sum funds payable upon the policyholder’s death can provide financial support and relief to your family. At any age,...
When someone dies, all of their property and assets will be valued so that they can go through a re-titling process that’s referred to as probate. During the legal probate process, an executor w...
You typically don’t buy life insurance with the intentions of it going into the hands of greedy creditors. While it might sound a bit insensitive for a creditor to dip into the funds that a grie...
PostFinancial planning is something most people think of when they get married and have a child. If you’re in the process of planning for the future, one thing you’ll need to do is decide on h...
There are several different scenarios where your assets can have an affect on the type of assistance that you qualify for or how much your estate will be taxed during the probate process. Since your n...
When applying for life insurance, you may be required to complete a medical exam where your height, weight, vitals and blood will be checked. These medical tests are administered for the purpose of un...
When you purchase life insurance, selecting a plan that is customized just to suit your need involves much more than deciding on a policy type or a death benefit amount. If you really want a custom pl...
LIAM, or Life Insurance Awareness Month, is in August every year. The insurance industry started the event as a way to improve people’s awareness of the importance of life insurance in 2003. The...
When you buy a group or individual life insurance policy, you will be asked to name one or more beneficiaries. These are individuals, entities or trusts that will receive a payout if you pass away for...
One of the many purposes of life insurance is to provide for your children if you pass away while they are still dependents. By purchasing a plan with a sufficient death benefit, you can give your chi...
Bank-owned life insurance, which is also commonly referred to as BOLI, is becoming an increasingly popular option for banks that are looking for a tax shelter or for a form of protection against finan...
Group term life insurance can be a great employee benefit offered as part of a comprehensive compensation package. If you are currently employed by a company that offers both competitive salaries and ...
Preparing for a life and health insurance exam is not quite like cramming for a college final. While you cannot exactly study for the test that is administered by a paramedic service hired by the insu...
When you work for an organization, it’s important to look into the employee benefits and incentives that are offered to you. While there’s a long list of different benefits that can be off...
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