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Category: Life Insurance

Give the Gift of Life Insurance this Holiday Season

The holidays are coming, and you may be wondering what to give your children or grandchildren. Life insurance can be the ideal gift. When purchased for a younger person, the cost of premiums is far lower. Whole Life insurance has the benefit of being an asset that can be borrowed against, provide tax benefits, and financial security. Buying an Insurance Policy for a Child Purchasing...

The Sooner You Take These End-of-Life Considerations into Account, the Better

No one really wants to prepare for their own death. But planning for your estate is an important aspect of your financial strategy. The sooner you have the basic documents in order, the better for your family’s financial future. The following are basic estate planning documents you may want to include in your package. Will Your Will dictates who will receive your assets when you...

Term Life Insurance: How Long Should My Coverage Last?

Here’s an obvious statement: the costs of day-to-day living can add up fast. That’s why life insurance is so important. It allows you to protect your family when you’re gone. Think of the impact of losing not only your income but all the other contributions you make to the family. Could they cover the mortgage or monthly bills without you? Do you have enough saved...

Employer-Provided Life Insurance: What You Need to Know

Life insurance is a popular feature of employee benefits packages. Many employers provide basic group life free of charge to their employees. More Americans have workplace plans than individual life insurance plans, as reported in a NerdWallet article.  If your employer offers free or low-cost basic group life, there is no reason not to accept it. Enrollment is automatic in some cases. Although it is a...

Standard vs. Hybrid Life Insurance: Which Is Better?

Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...