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Life insurance is a legal agreement between a policyholder and an insurer. The insurer agrees to pay a cash benefit to the named beneficiary in the policy at the policyholder’s death. However, most policyholders don’t know that there are certain situations when insurers may not want to pay out death benefits to beneficiaries. What situationsRead more

One important benefit of having life insurance is that it ensures your family is financially secure if something untoward happens to you. That way, they will be able to cater to their needs and wants even when you are not there. Life insurance can: Help settle your mortgage payment Pay for your children’s college educationRead more

Life insurance is a policy where the provider is obligated to pay a sum of money to the listed beneficiaries after the policyholder’s death. The policyholder makes periodic payments known as premiums to the insurance company continuously until his death. Life insurance can offer whole or term coverage. Whole-life insurance covers the entire life ofRead more

Many homeowners tend to overlook mortgage life insurance, but it helps ensure that your family will not be evicted in the event of your passing away. This policy serves as financial security because it offers enough coverage to pay off your debt. Insurance providers tend to favor homeowners with limited medical issues by providing themRead more

Although health insurance has always been available, most people didn’t value its importance until the COVID-19 pandemic. The pandemic has undoubtedly led to a surge in demand for health insurance. Not only do the health insurance plans cover medical expenses, but they also provide financial assistance to cover medical emergencies, thus protecting your savings. HowRead more

Employers often have a life insurance policy for their staff. Sadly, what is obtainable in your work-supplied policy often isn’t enough to support your family for a long time. Staff is entitled to a fixed amount without any extra cash bonuses (compared to a personal plan). Usually, this fixed amount is 1-3 times your salary.Read more

Buying life insurance doesn’t have to break your bank account. There are many ways you can make your life insurance more affordable. Do a little research before you buy and you can get the type of coverage you are looking for at a rate that will fit into your budget. Working with your insurance agentRead more

Do you have a life insurance policy? How much do you manage and update it? Life happens, and change is constant. Often, we obtain a life insurance policy and forget about it. Not managing the policy may pose more danger to your dependents than expected. Regardless of the types of life insurance, updating your policyRead more

With the ever-rising cost of medical services, health insurance is necessary for medical emergencies to cover hospital bills and other costs. Generally, health insurance covers some basic medical needs and is less accommodating of others. Let’s take a look at general health insurance services and the common exclusions. Here are some of the common coveredRead more

When was the last time you reviewed your life insurance coverage? Perhaps you haven’t looked at it since you bought the policy. As a general rule of thumb, it’s good to review annually as well as when big life events occur. When you sit down to review your retirement and savings accounts, emergency fund, and evenRead more