Life Insurance

Life Insurance for People Over 60

older couple hugging and smiling

Although everyone’s financial situation is different, life insurance is something you should be thinking about at every stage in life. To help explain what your options are and what you should consider, here are answers to some of the most frequently asked questions when it comes to life insurance for people over the age of 60.

Life Insurance: What to Consider

mom dad and daughter under card board roof

Life insurance is a product that at its core serves as income replacement for when the breadwinner is no longer around due to an unforeseen death. Having life insurance in place means your loved-ones will never carry the financial burden that is left behind, instead they will have a financially secure future. If you’re ready to start shopping around for a policy, ask yourself these questions to find the appropriate amount and type of coverage for you. 

Understanding Life Insurance: How It Works

man reading book titled Financial Planning

Life insurance should be a part of any sound financial plan. It’s a simple and affordable product that can have a significant impact if it is ever needed. If you are looking to have a better understanding of life insurance then look no further! This article will tell you everything you need to know so you can make a smart, educated decision about the life insurance protection you need.

Why You Should Convert to a Permanent Life Policy

Grandparents with granddaughter

If you own a term life insurance policy, than you know it offers the most financial protection for your loved ones at the lowest cost. But what happens when those needs change?  What if you need to have life insurance in place longer than the original term or you now want a policy that builds cash value? The good news is, you do not have to start over!

Approved but Haven’t Paid? Here’s Why You Should

man pulling $5 bill out of wallet

Once you have been approved, your policy is not activated until you make a payment. There are different reasons why someone might hold off on making that first premium payment for an approved application. Here are some of the most common ones and why it’s still a good idea to always make that initial payment when your application has been approved.

What Life Insurance Riders Are and Why They're Important

man and woman looking over documents

There is more to life insurance than just the base policy. Life insurance policies can also include riders that provide extra benefits to better fit your needs. Read on to learn about the different life insurance riders that some companies offer and the added benefits they provide.

What Is a Life Insurance Contestability Period?

business meeting

Your life insurance policy is one of the best ways to ensure your loved ones' financial security after your death. But do you know what happens if you die within two years of taking out your life insurance policy? Here is everything you need to know about the contestability period.

Life Insurance for Aging Parents

older couple

As you get older, so don’t your parents, and even though their financial obligations may have changed over the years, they should still have life insurance in place so that their loved-ones are left behind financially secure, and not burdened with expenses. If your parents need to get life insurance in place but are unsure what type of policy will suit their needs, continue reading for the answers.

What Single Parents Need to Know About Life Insurance

father and son

As a single parent, you are the sole breadwinner. If you pass away, you are still likely to leave behind bills, like a mortgage, credit card balances, possible medical expenses and funeral costs that will need to be paid. That’s where life insurance comes in, to help replace the income lost due to a sudden death and make sure any debt left behind is taken care of.

Why All Women Need Life Insurance

mom on laptop, daughter jumping

There’s a lot of misconceptions about life insurance. One of the biggest is that women don’t need to be insured. Women’s roles in business and life are changing rapidly. Single, married, divorced or widowed – no matter what stage of life you’re in, life insurance is a must.

Why You Shouldn't Wait to Buy Life Insurance

mom dad son sitting on log at beach

To help explain the importance of life insurance and the benefits of buying it sooner rather than later, let’s go back to the basics by answering some of the most commonly asked questions.

Importance of Final Expense Whole Life Insurance

couple looking at ipad

No one wants to leave their loved-ones burdened with having to deal with unpaid medical bills or funeral costs such as a burial plot, cremation costs, a casket, embalming, a hearse, and so on. That’s why it's worth considering final expense whole life insurance to protect your family from unwanted debts.

 

The Christmas Gift That Can Last a Lifetime

mom dad toddler son

If you are a parent or a grandparent, getting a life insurance policy for your kids or grandkids is a great way to protect their future insurability and start them on a path to financial responsibility. Here are some additional reasons why you may want to consider giving the gift of life insurance this year!

In Lieu of Flowers: Why Life Insurance is Needed

roses

No matter what your life looks like, divorced, married, single, kids, no kids, own a home or not, someone will be affected financially, should you pass away before your time. Here are some important facts about life insurance that everyone needs to know so that the phrase “in lieu of flowers” will not be needed.

Who Can Be a Life Insurance Beneficiary?

who can be a benefiiary

So you're planning on getting life insurance, but you're not sure who can become your life insurance beneficiary. No problem, it can get confusing - so let's change that! In this article, we will take a look at what a beneficiary is and some other essential points of consideration.

Why You Need Life Insurance at Every Stage in Life

life insurance 101 at every stage of life

There's a misconception when it comes to life insurance; that it’s only something you should really be thinking about later in life. But this idea couldn't be further from the truth. From your younger years all the way to the later ones, this is why life insurance should always have your back during these phases of life.

I'm Young and Single, Should I Get Life Insurance?

young and single need life insurance

A segment of the uninsured population is young and unmarried without dependents to name in a policy. This may lead them to ask, should I get life insurance? And the answer is yes. Knowing why may help you make the right decision about buying a life insurance policy, so here are 5 reasons why you need life insurance when you are young and single.

Applying for Life Insurance: A Complete Guide

Life Insurance complete guide

Do you need life insurance and are you wondering where to begin, what your options are and what it take to get a policy? Read on to learn all about life insurance, the things to consider, and how you can apply for coverage.

Using Life Insurance Benefits to Help Your Favorite Charity

life insurance charity

There are many different ways you can give a donation to the charity of your choice. Some charities may have an online option or you can go the old fashioned route and mail a check. Another option that’s often overlooked is using a life insurance policy to make a charitable contribution. Here are three easy ways you can use life insurance to help the charity of your choice!

Who Should Get Term Life Insurance?

who should get term life insurance

How often do you sit down and think about purchasing term life insurance? Have you done any research about the benefits and why you might need it? Did you know that you have options when it comes to choosing the right term life insurance plan for yourself? Here is our breakdown of what term life insurance is, who needs it and why.

Tips to Get Life Insurance that Fits Your Needs and Budget

calculator pad pen

The longer you put off purchasing a policy, the higher you can expect the premiums to be. That's why it's best to follow our top life insurance tips to get you started. This way, you can buy a policy with adequate coverage that fits your needs but won't bust your budget.

Think Stay-at-Home Parents Don't Need Life Insurance?

stay at home parent

There is one group that is largely overlooked: stay-at-home moms and dads. Life insurance for the stay-at-home parent is often questioned but actually very important for a family unit. Let's take a deeper look into the benefits of a stay-at-home parent having a life insurance policy.  

Protect Your Family Through Life's Uncertainties

life's uncertainties

If nothing else, recent news headlines have made it very clear that life changes in an instant. This serves as a tough reminder that life is full of uncertainties, making it very difficult to make decisions about a future that has yet to be realized, with one exception--life insurance.

Individual vs. Group Life Insurance Policies

individual vs group

Although there are perks to life insurance that is provided through the workplace, many individuals will outgrow their group life coverage, sometimes without even realizing it. Learn about some key benefits to owning an individual life insurance policy.

The Cost of Life Insurance Isn't as Much as You Think

Why the Cost of Life Insurance Isn't as Much as You Might Think

Most Americans overestimate the cost of insurance. Fortunately, life insurance is not as expensive as many believe. Before you start getting insurance quotes, we thought it would be helpful for you to understand the real cost of life insurance.

The Benefits of Return of Premium Term Life Insurance

Protect Your Loved Ones: The Benefits of Return of Premium Term Life Insurance

As a parent, you want to make sure your children and the rest of your family members are taken care of if something happens to you. That's why you're looking into your life insurance options and trying to figure out which type of policy is the best fit for you and your children's future. 

Why Buying Life Insurance is Better Than Crowdfunding

Why Life Insurance is Better Than Crowdfundi

If you feel like you've noticed a serious uptick in crowdfunding requests, especially when it comes to covering personal expenses, you're certainly not imagining it.  Learn why taking out a life insurance policy -- not crowdfunding -- is the right move. 

Why Millennials Should Consider Whole Life

millenials and whole life

It's understandable to think you don't need life insurance when you're young and healthy. But, in reality, you have many good reasons to purchase life insurance at this point in your life.

Questions To Ask About Life Insurance

Beach family

To simplify the understanding of life insurance and streamline the way in which people buy this important financial tool, here are some important questions to guide you through the decision and purchasing process. 

Choosing Your Term Life Policy - What You Should Know

man computer coffee

Choosing which of these policy types is right for you depends on your personal circumstances and may change over time.

Term Life Insurance Policies-What You Should Know

kid  bike

Term life insurance is more common when people are younger and have a smaller income and less financial responsibilities. It is an affordable way to make sure loved ones are financially secure in the event of an unexpected death.

Life insurance terms to know: Getting to know your policy

Life insurance terms to know

Even if you've had life insurance for years, you may be oblivious—or at least rusty—about some of the terms that pop up in relation to your policy. If you think it's time for a review of your own policy, we've put together a handy glossary

What Would Life Insurance Cost For A Superhero?

Superheroes

Some of those larger-than-life figures live some pretty risky lives – would they be able to get life insurance? We analyzed five of our favorite superhero movies to find out just how risky their professions are.

Housekeeping: Life Insurance Edition

broom and dust pan

While you’re tidying up your closet you may just stumble upon your life insurance policy. Before you put it back, it’s a good idea to make sure your policy is doing the job you intended. Here’s what you should look for to ensure your policy is still meeting your needs.

To Term or not to Term – That is the Question

Girl Thinking

In order to answer this question, we should first understand the main differences between these two basic types of insurance plans.

The "Whole" Enchilada: Whole Life Insurance

reasons for whole life insurance

Life insurance is often thought of in terms of its ability to replace lost income or to pay debts in case of an unexpected or early death. But the whole life version has its own benefits.