How to Find Out if Someone Has Life Insurance

While at first, it may seem strange to ask how to search for a life insurance policy on someone else, there can be a number of valid reasons why you need to know.  For instance, if a loved one passes on and you’re the beneficiary, you need this information in order to finalize certain end-of-life…

→ Read More

What is key man life insurance?

Do you need key person insurance? A company or small business will buy key person life insurance if the business would suffer financially after an essential employee’s death. Employees considered key to a company are usually business owners or C-suite executives with intimate knowledge of corporate plans and processes. This type of life insurance is…

→ Read More

Variable Life Insurance: Understanding the Pros and Cons

What is a variable life insurance policy? Some describe it as a type of permanent life insurance, but the best variable life insurance definition is that it’s one of the riskiest types of life insurance you can buy. Like all whole life policies, variable life insurance (VLI) builds cash value that often meets or exceeds…

→ Read More

Are life insurance premiums tax-deductible?

Life insurance is a valuable investment for anyone with dependents relying on them financially. Whether you buy a temporary life insurance policy or a long-term permanent life insurance plan, life insurance offers a way for you to protect your loved ones after you’ve passed. Since most life insurance policies are a lengthy investment, understanding the…

→ Read More

How much life insurance do I really need?

As the breadwinner, your income is necessary, meaning your loved ones could struggle to cover monthly expenses without your help. Life insurance ensures your family’s financial stability after you pass, so it is important to get the appropriate amount of coverage. Read more: How does life insurance work? A good starting point would be calculating…

→ Read More

What to Expect When You Need a Medical Exam for Life Insurance

Like most people, you need life insurance if something happens to you in the future. You may discover that one of the requirements for life insurance is taking a medical exam. A life insurance payout eliminates the financial burden of your funeral, increases cash value, and provides your beneficiaries with a small inheritance depending on…

→ Read More