When you’re investing in a home, whether it’s your first, last, or somewhere in between, what will happen to your home if you pass away? Unfortunately, death is a part of life, and it should be something you think about during the mortgage process. If you are married and buying a home with a partner,.. 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.
What Happens When Someone Dies Without Life Insurance?
A lot of people have never considered what happens if they die without life insurance. Death isn’t something that many people think about, especially if they’re young, preferring to spend their time worrying about other things. Yet, it’s very important to take a few minutes to think about what’s going to happen after you die.. Read More
Should You Own Life Insurance to Protect Alimony and Child Support?
Many people are unaware life insurance can actually be used as a part of a divorce settlement. Though it’s easiest to include it as part of the divorce settlement, it can also be incorporated even after a divorce has already been finalized. The main way life insurance is used in a divorce settlement is to.. Read More
2018 Life Insurance Statistics And Facts
As new data and research surfaces each year, it’s interesting to see what consumer needs change, how their values fluctuate in what they buy, and what comes to the top of mind when money and insurance are mentioned; this is especially true when discussing life insurance, specifically. In what seems to be a growing sentiment.. Read More
What is the Guaranteed Insurability Rider?
A lot of additional life insurance features and options are available that enable you to tailor your coverage to your individual needs and preferences. One of the most common is the guaranteed insurability rider. Commonly shortened to just GIO rider (for guaranteed insurability option), this popular feature lets the policyholder buy additional coverage for their.. Read More
Irrevocable Life Insurance Trusts | Why You Should Consider an ILIT
Life insurance is undoubtedly a valuable product, but it must be used correctly for the full benefits to be unlocked. Without proper estate planning, life insurance can create more problems than it solves, in some instances. That’s where an irrevocable life insurance trust (ILIT) enters the picture. Here’s what you need to know about ILITs.. Read More