Carrying You Along The Way
A life insurance application is a pretty substantial document. People can sometimes get pretty frustrated with how long it takes to complete the application process and get their life insurance approved. The application itself is long. It averages about 30 pages, and each page needs to be initialed or signed Read More » There are many instances where you may need a short term life insurance policy to provide your family with the security and peace of mind they need in case you were to pass away. Although it’s never pleasant to think about, it’s always important to have the coverage you need Read More » Adjustable life insurance is a hybrid mix of whole life insurance and term life insurance that allows flexibility to the policy owner. Choosing the right life insurance plan for your needs can be difficult. There are so many different types of plans available, and a lot of the terminology can Read More » Almost all life insurance companies require that new policyholders undergo a medical examination before their insurance policy is activated. This exam, also known as a paramedical examination, is used to determine your current medical condition and your life expectancy. The results of this exam along with your medical records are used Read More » Dividend payments are a feature of whole life insurance policies. The dividend payment is a way for whole life policy owners to take part in the money an insurance company makes in profit. Dividends are paid annually, and policy owners have a choice of how to use their dividend payment. Read More » A life insurance rider is an additional feature added to a life insurance policy. A rider is a legal term, meant to denote an amendment, change or addition to a legal contract. Life insurance riders can be an added feature for an additional charge, or they can be included in Read More » Most term life insurance policies are what is known as a "level term policy" type. A level term life insurance policy is one that is not permanent, but the death benefit and the premium rate stay the same for the specified term of the policy. A level term policy may Read More » A modified endowment contract (commonly referred to as a MEC) is a tax qualification of a life insurance policy that has been funded with more money than allowed under federal tax laws. A life insurance policy that becomes a MEC is no longer considered life insurance by the IRS, but Read More » A lapse means a life insurance policy is no longer an active contract due to missed premium payments. A life insurance policy will lapse when both premium payments are missed and cash surrender value is exhausted if it is a permanent life insurance policy. The term lapse refers to a Read More » Joint life insurance is a life insurance policy underwritten on the lives of two people. These two people are usually spouses, but not always. There are two forms of joint life insurance, first to die and second to die (second to die is also known as survivorship life insurance). Joint Read More » Variable universal life insurance (VUL) is a permanent life policy whose cash value depends in part on the performance of variable sub-accounts within the insurance contract. The variable sub-accounts are usually modeled after mutual funds but may contain their own separate fee structures. A variable universal life insurance contract may Read More » This is one of the most fundamental concepts relating to life insurance. The insured person is a primary subject in a life insurance contract, written between the owner and the life insurance company on the life of the insured person. When an insured person dies, the life insurance company is Read More » Shopping for life insurance can be stressful. However, there’s one thing life insurance shoppers agree on - buying life insurance takes an enormous load off your back. The moment you pay your first premium on a good life insurance policy, you can rest assured that your loved ones will stay Read More » A free look is an important part of life insurance laws and benefits in the United States. The free look period for a life insurance contract is sort of a trial period. This period is for policy owners to asses the policy and it is mandated by most states in Read More » A chartered life underwriter is the highest designation in the life insurance industry that a life insurance agent can obtain. The designation is granted by The American College. The American College grants the Chartered Life Underwriter (CLU) designation after the candidate passes a series of classes and exams. A CLU Read More » A life insurance agent is a person whose expertise is in fitting clients with life insurance to suit their needs. These needs can range vastly, from income protection for loved ones in the event of an untimely demise to transferring assets efficiently from an estate after death, and even to Read More » The Coronavirus Pandemic has created havoc on the economy and the labor market in the United States. Nearly 15% of people are now unemployed as of May 8th, a level not seen since the great depression. A further 23% of people are underemployed, meaning they are working more menial jobs Read More » The grace period is the time after a missed insurance premium is due, where a life insurance policy will not lapse even though the payment is past due. The grace period is a very useful feature, whose inclusion in every life insurance policy is mandated by every single state in Read More » The death benefit is the amount of money that is paid out when a valid life insurance claim is filed. The death benefit is paid to the stated beneficiaries of the contract, which are determined by the owner before the insured person is deceased. The death benefit is used to Read More » High cholesterol is one of the most common illnesses in the United States. According to the CDC, 12% of adults over age 20 suffer from it in America. If you have high cholesterol you may be wondering if you can still buy life insurance, and what effect it will have Read More » If you have life insurance, you may wonder how it works with a Will. If you have life insurance, do you still need a last will and testament? If your will names different beneficiaries than your life insurance policy, does one supersede the other? Here we help you answer these Read More » Life insurance is an important investment for anyone - it protects your family from financial hardship in the event of your death. However, many people put off getting life insurance until later in life, when their chances of passing away are higher. If you’ve been putting off getting life insurance Read More » When you apply for life insurance, one of the things you’ll need to do to get approved for coverage is to take a blood test. Insurance companies use this as a way to gauge your health status and determine how much to charge you for your monthly premiums. There are Read More » You may be like many people that you know and you probably want to avoid the "life insurance conversation". You probably want to avoid thinking about death, and you probably think that you have plenty of time to build enough assets for your family to survive with or without you. Read More » Term life insurance is one of the most popular types of life insurance on the market. Unlike whole life insurance, it only covers you for a specific period of time, after which it expires and you would need to buy a new policy. It’s much more affordable than permanent life Read More » Getting life insurance can be a daunting process for anyone, but it can be particularly challenging for those who have immigrated to the US and are not yet citizens. Most people will need life insurance at some point, so it’s not something you should skip. It’s particularly important if you’re Read More » AARP, or the American Association of Retired Persons, is an organization that provides support and benefits to older Americans. It is a members-only organization that boasts a member base of over 38 million. Not only does AARP offer discounts on insurance policies from many different providers, but you can also Read More » Every life insurance company is required to have reserve funds to pay out customer claims. Many insurance companies will list details about their reserves as an attempt to impress customers and make them feel more secure. After all, you want to know that your insurance company has the funds to Read More » Life insurance has many uses including as a way to save a serious amount of money. The primary purpose of most life insurance policies is to provide financial security to loved ones in the case of an untimely demise of an income-earning member of a family. Many people may not Read More » Finding life insurance is difficult for anyone, but it can be particularly difficult to find the right policy if you don’t speak the same language as the people around you. The community of Spanish speakers in the United States is growing quickly, and many companies are starting to cater to Read More » The beneficiary of a life insurance policy is the person who gets the money when it is claimed upon the death of the insured person. The amount that they will be paid is known as the death benefit of the policy. The death benefit is the payout paid by the Read More » Alzheimer’s and other forms of dementia are incredibly difficult to deal with, whether it’s happening to you or to someone else. Unfortunately, most cases of Alzheimer’s result in death eventually, although life span can be prolonged with treatment. If you or a loved one is suffering from Alzheimer’s, you’re probably Read More » Choosing a good life insurance provider and policy can be very overwhelming, and it makes sense to seek expert advice before choosing a policy. Suze Orman is an expert financial advisor and media personality that is well-respected for her podcasts and New York Times best-selling books on finance. She’s also Read More » A life insurance premium is a payment made to the life insurance company, to pay for a life insurance policy. The premium can also contribute to growing the cash value of a permanent type of life insurance. This term is also applied to payments remitted for annuity contracts both fixed Read More » Haven Life is a unique life insurance company that focuses on providing accessible, affordable policies. They are owned by MassMutual, which is a reputable and popular life insurance agency with a long history. They are known for providing term life insurance without an exam, which is difficult to find with Read More » You have so many options when it comes to choosing life insurance that things can sometimes feel a bit overwhelming. One popular option you may have heard of is MassMutual, which is short for the Massachusetts Mutual Life Insurance Company. Here’s what you need to know about MassMutual before you Read More » Both term and whole life policies are available for people over 50 years old. There is not any special kind of life insurance or line of life insurance for people of this age. Every company offers insurance to this age group in their normal insurance lines. If you are concerned Read More » If you are attempting to plan for your financial future, you may be stumbling on the concepts of fixed and variable annuities. You may be wondering how they will affect your financial situation, how important they are to your financial planning, and if you should obtain one or the other. Read More » Many people have heard of fixed annuities in the world of investing, but most don't really understand how they work. In simple terms, a fixed annuity is an investment account held with the life insurance company that will one day pay a stream of income. It technically is a type Read More » Variable life insurance is a permanent life insurance policy that also where the cash value growth is partially dependent on investment performance. To tie the cash value to investments, the policy has a cash value account that is invested in a number of sub-accounts available within the policy. A sub-account Read More » With a life insurance payout, you are able to use that money for whatever you find necessary to purchase once you receive it. In other words, you can use it for anything. Life insurance payouts are a great way to find peace of mind after a loved one is to Read More » It may not be fun to think about, but it’s important to start planning for your funeral now to save your family stress and heartache during a difficult period. Funerals can get expensive quickly, and many families end up without the financial resources they need to cover the costs. There Read More » When you are making financial decisions pertaining to your future, you may have come across various options such as variable life insurance and a 401(k). Depending on who you contact and speak to, you will hear both sides as to why you should pick variable life insurance or a 401(k). Read More » If you’re looking for affordable life insurance, chances are you’re going to go with a term life insurance policy. Life insurance prices are always fluctuating, and before you start shopping, it’s helpful to know what the average cost of a policy is, so you can determine if you are getting Read More » A 401(k) is an extremely important tool for retirement and for personal savings. A 401(k) is important because it represents (by far) the biggest source of retirement funds outside of Social Security, and for many people, it is the easiest way to put money away regularly. Most workplaces offer a Read More » Permanent life insurance offers financial protection in the form of a death benefit, and also offers a source of savings in the form of a cash value account. The cash value account is the amount that your life insurance policy is worth, if you surrender or cancel it. The life Read More » Many of the big insurance companies on the market offer multiple types of insurance. For example, you may be able to get your car, homeowners, and life insurance all through one company. However, there are many pros and cons to taking this approach. While it can be convenient, it's not Read More » Getting any sort of major medical procedure done can be very intimidating, particularly if you need to go under the knife for invasive surgery. If you are getting major surgery, you may wonder about the potential health risks if something goes wrong. While most surgery is incredibly safe, we have Read More » Many people don’t realize it, but life insurance fraud is a serious crime with potentially serious consequences. It’s surprisingly common, and it’s more difficult to get away with than you might think. It’s very important to know what the law is surrounding life insurance so that you don’t commit fraud Read More » If you’re over 80 and you don’t have life insurance yet, now is the time to start thinking about it. Even if you are in good health, it’s important that you have coverage just in case of an accident. Life insurance will pay for funeral expenses and any other costs Read More » 
