It is the uncertainty of life that makes it an exciting adventure. You never know what is in store for you. That is why getting term life insurance is important. While most people agree that they need to get life insurance, there is widespread confusion about the correct age of getting it. Why Buy Life Insurance at a Younger Age? At a young age, you are physically fitter, and the chances of you acing the mandatory health checks are much higher. As time passes, the premium amount will only Read More
A Guide on the Top Life Insurance Riders for Term Insurance
Posted on: June 25, 2020
Term insurance has earned the recognition of being an affordable alternative to earn an income in the event of death. It is cheap to buy but can be broadened by adding life insurance riders. They do not cost much and add multiple benefits to the insurance option. There are various options for term insurance riders, and you may choose which ones you want to add to your term policy. Each rider for term insurance holds a benefit and can be selected based on budget and circumstances. If you Read More
How to Manage Life Insurance After a Divorce
Posted on: April 23, 2020
Life insurance steps to take if you're getting divorced. When you first secured life insurance, it was probably with the intention of creating a financial safeguard for your spouse and children. However, if you are getting a divorce, then you may not know how your ex fits into your coverage. Here are some of the life insurance changes you and your ex need to discuss during your divorce. Determine Coverage Needs If you are the primary breadwinner and you are responsible for making Read More
How Quitting Smoking Can Help You Save on Life Insurance
Posted on: February 13, 2020
Break this bad habit and unlock life insurance savings. When you apply for life insurance, one of the first things the insurance company will ask about is whether or not you smoke or use tobacco products. Smoking, chewing tobacco, and using other nicotine products are a concern for life insurance companies because they increase your chances of life-threatening health risks significantly. As a result, life insurance companies will charge you much higher premiums than nonsmokers. This is why, Read More
What to Know About No-Exam Life Insurance
Posted on: December 26, 2019
Did you know you could secure life insurance without a medical exam? When you secure a regular term life insurance policy, you will have to complete a medical examination that includes a health questionnaire, lab tests, and statements from your physicians. However, many people think this process is too time-consuming and, as a result, they fail to secure life insurance coverage. To entice people to secure this essential form of insurance, some carriers have started offering life insurance Read More
What to Know About Combination Insurance Policies
Posted on: November 21, 2019
Policies that combine long-term care and life insurance coverage. Long-term care insurance is designed to help you cover the expenses associated with a chronic or ongoing medical condition. For instance, this insurance can help you pay for stays in a nursing home or cover the cost of home healthcare services. However, many people are wary about securing a long-term care policy because they aren't sure if they will need it. Fortunately, there are new insurance policies that combine long-term Read More
Steps to Take After You’ve Been Denied Life Insurance
Posted on: October 31, 2019
What happens if your life insurance application was denied? No one expects their life insurance application to be denied; however, this is a definite possibility. Typically, this happens because the insurance provider considers you too risky to insure. However, getting denied doesn't mean that this is the end of the road. Here are some of the steps that you can take after your application is denied. Collect Information As insurance companies consider life insurance applications, they Read More