How Your Family’s Health History Impacts Your Life Insurance Rates

There are hundreds of factors which might influence your eligibility for life insurance and what premiums you’ll receive. The most common is your personal medical history. The diseases, injuries, and illnesses you’ve experienced and are currently experiencing play a huge role in whether you’ll qualify for coverage and how much you’ll pay. Another important factor,.. Read More

Split Dollar Life Insurance

Think of split-dollar life insurance as a win-win strategy between two parties. Split-dollar, when properly set up, is a mutually beneficial arrangement in which an owner and non-owner split and share a life insurance contract. Here, you will find a definitive guide to the strategy, including how and when it works, the tax implications, merits.. Read More

What Is A Collateral Assignment, And Why Do You Need One?

Life insurance is often the key to securing a loan. Frequently, lenders request a collateral assignment of life insurance as a requirement for loan approval. Why? Your bank, or lending institution, has an interest in guaranteeing the loan they provide will be paid back, regardless of your circumstances. Think of an assignment of life insurance as collateral.. Read More

Life Insurance Settlement Options

With life insurance, when the insured dies, the beneficiary receives one large payout check equal to the death benefit of the policy. But does it always have to be that way? Nope. A one-time lump sum payment is the most common, but there are quite a few different settlements options that dictate how the beneficiary receives.. Read More

Can You Get a Family Plan for Life Insurance?

Perhaps the number one reason people buy life insurance is to protect their family. Life insurance coverage provides your close family members with a financial safety net in the event you were to die unexpectedly. It enables them to continue living as if you were still around, at least financially, without worrying where the money.. Read More

What Is A Contingent Beneficiary?

Your life insurance policy is almost always not for you. It’s for those you care about most. When you designate your loved ones as either a primary or contingent beneficiary, your life insurance financially safeguards them regardless of what life brings. You will want to thoughtfully list your life insurance beneficiaries – the particulars matter... Read More

Term Life Insurance for 30 to 39 Year Olds | Rates & Savings Tips

Virtually anyone can benefit from term life insurance. If you’re between 30 and 39 years of age, then this type of life insurance could be just what you need for a brighter future. PLUS: It’s by far the cheapest type of life insurance coverage for this age group. Find out how term life insurance for.. Read More