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
The BestLifeRates.org Life Insurance Blog
On occasion, we publish interesting information or topics related to life insurance which aren't covered elsewhere on the site.
Whether it's insurance data and analysis, resources to help you navigate the buying process, or other useful tidbits of information, we put them into easily readable articles for your learning and leisure.
If you already know you need coverage and are seeking more specific information, check out our guides on the many types of coverage and their riders, different health risks, the companies you have to choose from, charts with average rates you might expect, our guide for seniors, or the general FAQ.
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
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
If you’re wondering if you can have more than one life insurance policy, the answer is simple. However, there is more than one scenario to consider before you make your purchase. Here are the two questions you need to ask: Is it legal to have more than one? (Yes, definitely.) Does it make financial sense.. Read More
When someone passes away, it’s a time to grieve. However, there are a few orders of business you’ll need to take care of, and one main item is filing a death claim. We’ll help walk you through the process below, including the claims process, documents you’ll need to have on hand, places you can check.. Read More
Letting your life insurance policy lapse is a big mistake. Not only does it make reinstating your policy or finding a new one more difficult, but it also means your beneficiaries will receive nothing if you die after it’s lapsed. That’s why avoiding a lapsed policy is so important. You bought your life insurance to.. Read More