You want to provide for your family when you die. But, the life insurance company taking on the risk will need to charge you for your policy. Now they want you to pass an exam for life insurance! Should you? Did you know: The more a life insurance company knows about your health, the less […]
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 Is The Disability Waiver of Premium Rider?
The disability waiver of premium rider goes hand-in-hand with a disability income rider. In either case, an injury or illness prevents the insured from working at his normal occupation. This results in a total disability which can, in turn, cause a financial hardship. These add-on provisions help ease the economic burden by waiving the cost […]
What The Disability Income Rider Is, And Why You Should Consider It
Life insurance does its task well. It provides a reliable source of income to help families recover from the loss of a loved one without the added burden of unplanned expenses. Riders help to extend the benefits of a policy to include a myriad of situations. And some riders, like a disability income rider, benefit […]
Should You Consider A Children’s Insurance Rider On Your Policy?
Unsure what a children’s insurance rider is? A standard life insurance policy provides the foundation for coverage for an individual and his family. But it is not a one-size-fits-all product. Insurance riders offer the opportunity to tweak the protection of a policy to fit the insured’s personal situation. It becomes especially evident if the individual has […]
The Critical Illness Rider | Advancing Tomorrow’s Benefit, Today
A critical illness rider, a sub-set of an accelerated death benefit rider, is one of many add-on riders a policyholder can opt to include in a base life insurance policy. It, like other riders, extends the benefits to add flexibility for creating a customized insurance product. A standard life insurance policy pays to the beneficiaries […]
Is Accidental Death Rider Right For You?
According to the Centers for Disease Control, accidents are the fourth leading cause of death in the United States, taking over 135,000 lives each year. Many riders cover other major causes including the critical illness riders. These add-on provisions increase the scope of a standard life insurance policy so the insured can customize it to […]
What Are Life Insurance Riders, And What Do They Do?
Life insurance provides the foundation of coverage which can guarantee a source of funds upon the death of the insured. While it is a wise purchase, the policy on its own may not be adequate to serve all needs. This is where life insurance riders come into play. These extra provisions allow policyholders to customize their […]
2017 Life Insurance Statistics And Facts
Towards the start of each year, the life insurance industry polls consumers and produces a wide range of life insurance statistics and facts about how well the average American is prepared for the possibility of an untimely death. This year, consumers indicate they would rather be doing pretty much anything other than going through the […]
Veterans Group Life Insurance (VGLI)
Life in the military is all about the unexpected. You, and your family, never know what each day may bring. As many service members and their families quickly become aware of, there is often very little you can plan on in the military. There is at least one important exception, however. Service members can plan […]
Servicemembers Group Life Insurance (SGLI)
Many people obtain life insurance through their employer. But what happens if your employer is the military? The good news is you have benefits from them, too. Servicemembers group life insurance, or SGLI benefits, are life insurance policies made available to basically all members of the U.S. military. You’ve probably been introduced to your SGLI benefits […]