Is gerber life insurance worth it?
Commercials about Gerber Life Insurance Grow-Up Plans run frequently and leave parents wondering whether or not it’s wise to buy life insurance on an infant, toddler, pre-teen or teen. It may so...
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In life insurance, what is an endowment plan?
The endowment life Insurance policy is like a regular life insurance contract, in that it has a face amount, which is paid to the beneficiary upon the death of the insured. However, it matures faster ...
What does MEC mean in life insurance?
The Modified Endowment Contract is very similar to a regular whole life policy, except for the fact that the premiums paid into the contract are higher than on a similar life policy. The premiums paid...
Where can I find affordable life insurance if I am over 60?
Affordable life insurance is easy to find when you’re young, but what about when you’re over 60 years old? Don’t sell yourself short by thinking your age makes it impossible to obtai...
What’s the best age to get life insurance?
Many people think that you only really need life insurance if you have dependents. The reality is that even if you have no debts and no dependents, you will need it to cover funeral expenses. In 2014,...
What is the best life insurance for 30 a year old?
Life insurance is a critical component of financial planning at any age. The lump sum funds payable upon the policyholder’s death can provide financial support and relief to your family. At any age,...
Does a life insurance policy go through probate?
When someone dies, all of their property and assets will be valued so that they can go through a re-titling process that’s referred to as probate. During the legal probate process, an executor w...
Can debt collectors take life insurance money?
You typically don’t buy life insurance with the intentions of it going into the hands of greedy creditors. While it might sound a bit insensitive for a creditor to dip into the funds that a grie...
How does life insurance know if you smoke?
Most children are shown the long-term effects of smoking in school. While the images of a healthy lung and smokers lung can certainly hit a chord, it’s important that young adults learn how smok...
PostHow much life insurance do I really need?
Financial planning is something most people think of when they get married and have a child. If you’re in the process of planning for the future, one thing you’ll need to do is decide on h...
What is a rider on a life insurance policy?
Start comparing life insurance rates now by using our FREE tool above! Basic life insurance policies are simply contracts between the insured and the insurance company, that pay a specific amount of d...
Is employer provided life insurance taxable?
When you are offered a job, it only makes sense to review the benefits packages that’s offered by the employer. Benefits like paid time off, medical insurance, dental insurance, vision insurance...
Is a life insurance policy considered an asset?
There are several different scenarios where your assets can have an affect on the type of assistance that you qualify for or how much your estate will be taxed during the probate process. Since your n...
Does life insurance test for HIV?
When applying for life insurance, you may be required to complete a medical exam where your height, weight, vitals and blood will be checked. These medical tests are administered for the purpose of un...
What is non-forfeiture option in life insurance?
When you purchase life insurance, selecting a plan that is customized just to suit your need involves much more than deciding on a policy type or a death benefit amount. If you really want a custom pl...
When is life insurance awareness month?
LIAM, or Life Insurance Awareness Month, is in August every year. The insurance industry started the event as a way to improve people’s awareness of the importance of life insurance in 2003. The...
Can I change my life insurance beneficiary?
When you buy a group or individual life insurance policy, you will be asked to name one or more beneficiaries. These are individuals, entities or trusts that will receive a payout if you pass away for...
Can minors be beneficiaries on life insurance?
One of the many purposes of life insurance is to provide for your children if you pass away while they are still dependents. By purchasing a plan with a sufficient death benefit, you can give your chi...
What is bank-owned life insurance?
Bank-owned life insurance, which is also commonly referred to as BOLI, is becoming an increasingly popular option for banks that are looking for a tax shelter or for a form of protection against finan...
Can the IRS seize life insurance benefits?
It is never ideal to be on the bad side of the Internal Revenue Service. As the nation’s largest and most powerful creditor, the IRS has the right to garnish your wages, deplete your savings acc...
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