What to Expect if You Outlive Your Life Insurance Beneficiary
Posted: August 7, 2024
Life insurance provides financial support to beneficiaries upon the policyholder’s death. If you outlive your beneficiary, the policy’s benefits won’t be distributed as initially planned. If you outlive your beneficiary, update your policy by naming a new beneficiary or adjusting the policy to reflect your current wishes. Regular reviews and updates to your life insurance are essential to maintain its relevance. Choosing Your Beneficiaries A...
Why Life Insurance? 8 Things Your Policy Covers
Posted: July 24, 2024
Life insurance 1 is something people in many different situations and stages of life should consider. Even knowing this, you may still wonder why life insurance would be a good fit for you. Below, we break down the kinds of expenses life insurance can cover. You and your loved ones will have greater peace of mind knowing exactly how life insurance can play an important role in your future. 8...
5 Reasons You Need Life Insurance if You Are Self-Employed
Posted: July 22, 2024
In the event of their death, life insurance provides financial security for their family and business obligations. Life insurance is invaluable for self-employed individuals, as they often lack the safety net of employer-provided benefits. It can cover debts, replace lost income, and fund business succession plans, ensuring continuity and stability for the enterprise. Life insurance offers peace of mind, enabling self-employed individuals to focus on growing...
6 Milestones That Alter Your Life Insurance Coverage Needs
Posted: July 7, 2024
Life insurance provides financial protection for loved ones in the event of the policyholder’s death. Coverage needs may change due to various factors, as certain major events can significantly impact a person’s financial responsibilities and dependents, altering coverage needs. Therefore, major life events often prompt a reassessment of insurance coverage to ensure it aligns with new circumstances and responsibilities. Getting Married Marriage is a significant...
Cremation Insurance 101
Posted: June 22, 2024
Cremation insurance is a lesser-known but crucial aspect of end-of-life planning. It ensures that funeral expenses associated with cremation are covered, sparing loved ones from financial burden during a difficult time. Individuals can ease the economic strain on their families by securing cremation insurance to ensure their final wishes are honored without any additional stress or worry. It offers peace of mind and practical assistance...