• Is It Good To Get Life Insurance Through Your Company?

    Many employers provide life insurance policies for their employees, and that is a very good thing. It’s an excellent incentive for employees, and it can prove to be very beneficial. However, while your company may provide life insurance, you may be wondering if it is enough to provide your loved ones with financial security should… Continue reading

  • Does Life Insurance Test for THC

    There are so many questions surrounding marijuana these days, as several states have already legalized the drug for recreational use and most of the others have legalized it for medicinal purposes. When you are thinking about life insurance, whether or not the medical test includes a drug screen and specifically- a test for THC is… Continue reading

  • Can Life Insurance be Cashed in Before Death?

    Yes, some types of life insurance can easily be cashed in before death for the accrued cash value.  If you need money and you have a life insurance policy with a cash value, there are way to get the cash from the policy without the insured person passing away. Typically, when someone thinks of life… Continue reading

  • Can A Life Insurance Beneficiary Be A Minor?

    It is perfectly natural for a parent to want to name their children as beneficiaries of their life insurance policy but there are a number of considerations when naming a minor as the recipient of a life insurance payout. Understanding and navigating that jungle is the key to making sure that the money goes to… Continue reading

  • Is A Term Life Insurance Policy Considered An Asset?

    Term life insurance is rarely considered an asset.  A financial institution would not consider a life insurance policy an asset unless it has a cash surrender value, and most term policies do not.  Term life insurance mathematically has value because it will pay out in the event of a death of the insured person.  Whether… Continue reading

  • What Are Perils, Hazards, And Losses?

    Three terms closely related to risk are peril, hazard, and loss. Peril A peril may be defined as the cause of a loss. Examples of perils, which can cause loss of life values, are economic aberrations, bodily injuries, physical and mental illnesses, premature death, and superannuation. Causes of loss (bodily injuries, sickness, premature death, old… Continue reading

  • Should Renew Your Term Life Insurance?

    Term life insurance usually has a feature built into the contract known as a renewal option or renewal privilege.  This usually gives the policy owner the right to renew a term life insurance contract for an additional period equal to the period for which the contract was originally written.  You can renew the contract without… Continue reading

  • Is Term Life Insurance Risky?

    Some life insurance agents will tell you that buying term life insurance is a risky move compared to buying whole life insurance.  This is not true.  What is more important is to understand the purpose and uses of term life insurance.  Term life insurance does have limitations, but these do not necessarily make it a risk… Continue reading

  • How Soon Will A Life Insurance Death Claim Be Paid?

    When a loved one passes away, the last thing that anyone wants to worry about is a life insurance company delaying payment unfairly on a claim to the death benefit.  Major companies are usually very expeditious in their handling of death claims today, and most are paid within 30 days of the death of the… Continue reading

  • What Should I Do If My Life Insurance Application Was Denied?

    Even though its rare, life insurance companies have been known to deny coverage to certain applicants. While its “no big deal” to be denied life insurance coverage, it can sometimes be a shot to one’s pride or a wake-up call. Let’s take a look at how and why you can be denied and what you… Continue reading

  • What Is AG38 And How Does It Affect Life Insurance?

    AG 38 is a document of guidelines drafted by the NAIC in 2013 that addresses whether or not insurers have adequate reserves for certain types of life insurance policies (specifically – universal life insurance policies that offer secondary death benefits to policyholders). If you are confused, don’t worry, below, we will go into further detail… Continue reading

  • Should You Get Life Insurance Before Getting Pregnant?

    It’s an unfortunate truth in our country that far too few young people consider life insurance before starting a family. Financial planning, in most cases, should begin before the wedding even happens. Unfortunately, most young people have busy lifestyles – with work, friends, extended families, and other responsibilities all taking up the bulk of their… Continue reading

  • Can Cigar Smokers Find Cheap Life Insurance?

    If you are a cigar aficionado or you like to have the occasionally celebratory cigar, you might run into some issues when it comes to qualifying for life insurance. The reason for this is that the life insurance medical exam tests for nicotine. If you happen to have nicotine in your system from that one… Continue reading

  • How Do I Make Sure My Life Insurance Company Is In Good Financial Health?

    It can be hard to choose a life insurance company with both good customer service and good financials. It seems that almost every life insurance company simply offers “the lowest rates in the industry” (or so they claim). Given the large number of shady and “scammy” life insurance companies out there, how do you choose… Continue reading

  • Is My Employer Sponsored Life Insurance Plan Enough?

    Many employers offer life insurance plans to their employees as an added employee benefit. While these plans are nice to have, the coverage offered by them might not be enough. Often times, these plans are very basic and will not offer enough protection for your family and loved ones in the unlikely event you die.… Continue reading

  • Can You Own Multiple Life Insurance Policies?

    The most common question that people ask when it comes to owning multiple life insurance policies is whether or not it’s legal. I’m happy to tell you that not only is having multiple different life insurance policies perfectly legal, it often times makes a lot of financial sense. Life insurance is built for protection. It… Continue reading

  • Should You Still Compare Life Insurance Quotes If You Are Working With A Financial Advisor?

    A life insurance agent or financial advisor can be a very valuable tool on the path to financial security and managing your finances.  Many people mistakenly believe that a financial advisor will find them the best deal on life insurance, and this is a mistake.  A financial advisor is interested in selling you the most… Continue reading

  • What is a Life Insurance Audit?

    A life insurance audit is a thorough and objective evaluation of one’s current life insurance coverage to make sure the policy matched the policyholder’s needs.  The fact is that most life insurance policies aren’t suitable for the policyholders, and most of the time, the policy holder is unaware of this.  According to Ash Brokerage, nearly… Continue reading

  • What Life Events Should Prompt Me To Buy Life Insurance?

    As you get older, your life insurance needs change. When you’re young, wild, and free, you might not need life insurance. But as your family grows and your responsibilities increase, so might the need for life insurance. On the other hand, if your responsibilities and debts diminish, so might your need to insure your life.… Continue reading

  • Do I Need Life Insurance If I’m Young And Single?

    If you are young, single, and ready to mingle (or not), life insurance might be the last thing on your mind. First of all, you probably have bills up the wazoo. Secondly, most young people don’t really like thinking about death so soon. Well, young people, its time we had an honest conversation about life… Continue reading

  • Should My Spouse Also Have Life Insurance?

    At Life Ant, we strongly recommend to most families that they opt to buy life insurance coverage for both partners in a marriage. While the need for life insurance may not seem important, especially to the young and healthy, accidents and tragedies unfortunately do occur. In the event of death of a husband or wife,… Continue reading

  • What Type Of Life Insurance Is Best For Me?

    There are four distinct types of life insurance (and countless variations of each of the four types).  The best type of life insurance for you depends upon your objectives, but most people will find that term life insurance, or sometimes whole life insurance is most appropriate.  Term life insurance is the least expensive form of… Continue reading

  • Is Variable Universal Life Insurance Better Than Whole Life Insurance?

    This is a common question for many people who have just visited with a financial advisor who recommended a variable universal life insurance policy.  The answer, unfortunately, is not as straightforward as you may hope, and the real answer is “it depends”.  The simple answer is that in most cases, a traditional whole life insurance… Continue reading

  • Is It Hard To Get Life Insurance If You Have High Blood Pressure?

    Question – I have high blood pressure. Will my life insurance premiums be more expensive because of that? Answer: One of the most common afflictions that people face is high blood pressure. In fact, there are 10s of millions of people who are diagnosed with high blood pressure. When applying for a life insurance policy, most… Continue reading

  • How Can Divorce Affect My Life Insurance Policy?

    If you are going through a divorce, one of the things that you may think about is how your divorce can affect your insurance choices such as your health insurance policy and your life insurance policy. You are right to question this as a substantial life change such as a divorce will bring about the… Continue reading