What to Expect When Applying for Life Insurance
Posted: November 7, 2023
What to Expect When Applying for Life InsuranceIf you’re considering purchasing life insurance, you must go through an application process to qualify. Understanding what to expect during this process can help you secure the coverage you need at a price that suits your budget. Gaining familiarity with the steps, from the application to the medical exam and beyond, can go a long way when applying for life insurance. Determine Your Coverage Needs...
How often should I update my insurance policies?
Posted: November 2, 2023
How often should I update my insurance policies?As your life changes, your insurance policies should, too. Whether you’re celebrating a new chapter in your life or navigating significant changes, staying on top of your insurance needs is crucial to ensure you’re adequately protected. Major life events can dictate how often and when you should update your insurance policies, especially after significant life events like marriage, job changes, relocations, or expanding your family....
Is Final Expense Insurance Right for Me?
Posted: October 22, 2023
Is Final Expense Insurance Right for Me?Final expense insurance may be the right choice for seniors who want to cover their final expenses. Also referred to as burial insurance or funeral insurance, it is a type of life insurance policy designed to cover final disposition and funeral services after death. Funeral and burial expenses have been rapidly rising for the past 30 years. Families have paid an average of $7,848 for...
How to Plan for the Future You Want
Posted: October 7, 2023
How to Plan for the Future You WantOctober is Financial Planning Month. This is a time when we are reminded to prepare budgets and keep spending in check during the holiday season. Our approach to financial planning can depend on our phase of life. Still, the earlier we begin planning and saving for the future, the easier it will be to make our targets. Steps to Improve Your Financial Situation Take the...
Pros & Cons of Convertible Life Insurance
Posted: September 22, 2023
Pros & Cons of Convertible Life InsuranceWhen you are shopping for life insurance, a convertible term policy may be a good option. Convertible term life insurance is a type of term life policy with a rider giving the policyholder the option to convert to permanent life insurance later. Although it offers several benefits, convertible life insurance may have certain disadvantages. Why Convert From Term to Permanent Life Insurance? Term life insurance...