FAQs

  • What is a Dependent Life Insurance?

    Life often throws curve balls our way, and one of those curveballs is the untimely death of a spouse or child. Not only can this create havoc to your emotions, but it will also create havoc for your finances. After-death expenses will cost thousands of dollars and create added stress during an already stressful time.… Continue reading →

  • What is Direct Term Life Insurance?

    One of the newest types of life insurance is direct term life insurance. Direct life insurance is one of the most convenient ways to insure yourself or a loved one before an untimely death. Although there are many advantages to direct term life insurance, this type of life insurance policy is not for everyone. Direct… Continue reading →

  • What Happens to Life Insurance With No Beneficiary?

    When you take out a life insurance policy, beneficiaries are named, so the insurance company knows who to pay the death benefit. Things can get very complicated if no beneficiaries are named or die before the insured. What happens if no beneficiaries are named on a life insurance policy? What happens if your beneficiary dies… Continue reading →

  • What Questions are asked on a Life Insurance Application?

    If you are considering applying for life insurance, you may wonder what types of information they will need from you and what questions they will ask on the application. You do not need to be worried! While the full life insurance application is fairly long and comprehensive, the information is only used by the life… Continue reading →

  • How Much Is Life Insurance for a 55-Year-Old?

    For most people, life insurance is an essential investment. It’s especially important as you get older to ensure that your family is financially protected if you pass away. While it can be unpleasant to think about, planning ahead will give you and your family the peace of mind you need as you get older. Many… Continue reading →

  • How to Find Out If You’re the Beneficiary of Somebody’s Life Insurance Policy

    Talking about death can be uncomfortable and is even considered taboo in many situations. Because of this, many people take out life insurance policies without ever telling anyone about them, including their beneficiaries. When this happens, the beneficiaries may never learn about the policy, potentially leaving thousands of dollars unclaimed. This situation is more common… Continue reading →

  • How Does a Life Insurance Company Know When You Die?

    Life insurance is designed to protect your loved ones financially after you pass away. You might be wondering how your insurance company will know that you’ve died, so they can make payments to your beneficiaries. Life insurance companies won’t automatically be notified if someone dies. The beneficiaries of the life insurance policy will need to… Continue reading →

  • How Much Does a $500,000 Life Insurance Policy Cost?

    One of the factors you’ll need to consider when shopping for a life insurance policy is the amount of coverage you need. For many people, $500,000 is the coverage they need to cover their debts and end-of-life expenses, as well as to support their family after they pass away. While $500,000 may sound like a… Continue reading →

  • Is Primerica Good for Life Insurance?

    Choosing a life insurance company can be overwhelming – with so many choices, it’s difficult to narrow things down and find the right insurer for your needs. One insurer you may have heard of while shopping is Primerica. Primerica is a multi-level marketing group that sells term life insurance policies. Here’s what you need to… Continue reading →

  • Can You Donate a Life Insurance Policy to Charity?

    When you take out your life insurance policy, it’s usually with the intention of using it to support your family in the event of your death. However, your financial situation can change dramatically over time, and you may find that you no longer need your life insurance policy in the ways you had anticipated. Maybe… Continue reading →

  • Is Transamerica Good for Life Insurance?

    Many people don’t know where to start when it comes to shopping for life insurance. With so many choices, it can be difficult to narrow things down and find the right insurance company for your needs. Transamerica is a company you may have come across while shopping for life insurance. Is Transamerica’s life insurance coverage… Continue reading →

  • What Life Insurance Does Dave Ramsey Recommend?

    Dave Ramsey is an American financial expert who has written many best-selling books about financial planning. Additionally, he has hosted several radio programs giving financial advice and discussing important financial topics. He has founded his own financial consultancy group and is known for his helpful, accessible financial advice. One of the topics that Dave Ramsey… Continue reading →

  • Is AARP Good for Final Expense Life Insurance?

    AARP offers life insurance to senior citizens through their partnership with The New York Life Insurance Company. Three different types of policies are offered for applicants depending upon their health status and their requirements for the total death benefit. It is important to understand that AARP is not a life insurance company themselves, but an… Continue reading →

  • What Is the Least Expensive Form of Life Insurance?

    If you are looking for an inexpensive life insurance policy, the good news is that you probably have some options. There are many good options to get coverage for less than $30 a month. Life insurance rates also keep coming down as people continue to live longer and survive diseases better, and life insurance companies… Continue reading →

  • What Type of Life Insurance Pays Dividends?

    Whole life insurance is the only type of life insurance that pays policyholders an annual dividend. Other forms of life insurance including term life, variable universal life, and traditional universal life insurance do not pay dividends. What Is a Life Insurance Dividend? A life insurance dividend is a cash payment made by the life insurance… Continue reading →

  • How Can You Find Out If Somebody Had A Life Insurance Policy Before They Died?

    Life insurance can be uncomfortable to talk about.  It is perfectly natural to wonder if somebody has a life insurance policy at the time of their death.  Unfortunately, when people pass away, they often pass away with life insurance policies that their loved ones never knew existed! If they did know at one time that… Continue reading →

  • Is Life Insurance Through Chase Bank Good?

    Selecting the perfect life insurance policy for your needs can be overwhelming. With so many different providers, it’s very difficult to narrow things down to the best option for your needs. Many banks and other large financial institutions offer life insurance policies, including Chase Bank. But are they really the most viable option? Here’s what… Continue reading →

  • How Can You Tell If Somebody Took Out A Life Insurance Policy On You?

    People often worry that there is a life insurance policy taken out on them without their consent.  This is concerning to people because they think a policy may be taken out with nefarious intent such as murder in order to collect an insurance payout.  It is not surprising that with big money involved in life… Continue reading →

  • Can My Parents Take Out Life Insurance on Me?

    As a child, life insurance is likely the furthest thing from your mind. However, many kids are surprised to learn that their parents have taken out life insurance policies on them. You can take a life insurance policy out on anyone as long as you have an insurable interest, meaning that your finances would be… Continue reading →

  • Is American Memorial Good for Life Insurance?

    Life insurance is an essential investment that will protect your family’s financial future after you pass away. Shopping for life insurance can be challenging, as there are so many different providers to choose from. American Memorial is an underwriting company that offers a range of life insurance products. While American Memorial underwrites the insurance and… Continue reading →

  • Does Bank of America Have Life Insurance? Is It Good?

    Bank of America is one of the largest financial institutions in the United States, offering a wide range of financial products with a retail presence that spans across the country. Many people are surprised to learn that Bank of America used to offer life insurance and accidental death insurance. While you can no longer purchase… Continue reading →

  • Can You Cash Someone’s Life Insurance If They Are Missing?

    It’s rare, but it does happen – someone goes missing and is presumed dead, and the body is never found. If your loved one has been missing for an extended period of time, you might be wondering if you can cash in on their life insurance policy. The short answer is yes – but the… Continue reading →

  • Is Lumico Good for Life Insurance?

    You have so many choices when it comes to life insurance, and it can be difficult to figure out which company will provide the best coverage for your needs. Lumico is an insurance company that prides itself on offering affordable life insurance coverage. If you’re looking for reasonably priced insurance coverage, Lumico could be a… Continue reading →

  • Is Lincoln National Good for Life Insurance?

    You have so many different choices when it comes to life insurance, and it can be difficult to determine which one is best for your needs. Life insurance is an important investment for your family, as it provides much-needed financial stability for them after you pass away. Lincoln National Corporation, otherwise known as Lincoln Financial… Continue reading →

  • Is North American Company Good for Life Insurance?

    You have so many different options when it comes to life insurance companies, and it can be difficult to determine which one will be best for your needs. Many companies offer similar products, but their rates and service can vary widely. North American Company is an insurer that you may be considering for your life… Continue reading →