How Much Life Insurance Do Seniors Need?
Life insurance is something that most seniors purchase to help their loved ones avoid any financial hardships they might leave after they pass away. According to life insurance statistics...
What is Life Insurance Surrender Charge and How to Avoid?
So much has changed in the life insurance industry and how everything is done. Many companies have tried as much as possible to diversify their services. The main goal...
The Cut-off Age for Whole Life Insurance
If you are wondering whether insurance companies have a cut-off age on whole life policies, the answer is yes. A cut-off age refers to a maximum number of years...
Life Insurance Imputed Income
Life insurance imputed income is a commonly used phrase. However, very few people understand what it means. For your information, it describes the value of benefit or service that...
When and Why Does a Life Insurance Policy Lapse?
Life insurance policies secure your beneficiaries future by compensating them in the event of your death. Most insurance companies offer two types of life insurance; whole life policies and...
What is a Joint Life Insurance?
The traditional, life insurance covered the primary breadwinner. But, the increase in the number of couples that are in gainful employment necessitated for cover for couples. This is where...
How to Use Life Insurance to Pay Off Your Mortgage?
A mortgage is a long-standing commitment, and it doesn’t die with you. If you pass on before it is paid off, someone has to take up the responsibility of...
Health Questions Asked for Life Insurance
Applying for a life insurance plan is recommended to individuals of all ages. As you grow older, the eligibility criteria for getting a life insurance policy become more stringent....
Do You Need A Social Security Number To Get Life Insurance?
Do I need a Social Security Number to get life insurance? This is one of the most frequently asked questions. It is relevant to immigrants who haven’t got an...
Life Insurance Grace Period – Things You Must Know!
If you currently have term life or whole life insurance, have you ever wondered what would happen if you miss a payment? If you have been paying your premium...