Archive for the ‘General Life Insurance Questions’ Category.

How Much Life Insurance Do You Need?

Here are some things you should consider when calculating how much term life insurance you’ll need.

From Riders to Exclusions and Limitations

Signing on for a life insurance policy can be a confusing thing. You want to make sure that you’re obtaining the right coverage so that in the event of your death, your family won’t be overwhelmed by financial burden. But policies can contain cryptic and confusing verbiage. You may be hesitant to sign away your [...]

8 Reasons Young Workers Need Life Insurance

If you’re young and need some more convincing as to why you need life insurance, check out these eight reasons below.

7 Things to Address In Your Life Insurance Policy

These are just seven of the many things you should address when purchasing a life insurance policy.

Why Should a Single Person Buy Life Insurance?

Single people may not purchase life insurance because it is seen as an unnecessary expense.  They wrongly assume that life insurance should only be obtained for married people.  They only consider the money being needed to support the surviving spouse and children with living expenses.  However, our culture and family makeups have changed over the [...]

What is a Life Insurance Policy Owner?

The owner of a life insurance policy is the person that has the legal authority over the policy. As the owner of a policy, you have the authority to make policy changes (e.g. beneficiary changes, coverage changes) and in general manage the policy. In most cases, the insured will be the owner of the policy, [...]

What Should I Do If I Have Problems In Getting Life Insurance Coverage?

Of course, life insurance companies cannot issue policies to everyone just because they want it. Then you would have terminally ill people purchasing high amounts, not paying very much into the policy, they would die soon after and the insurance company would have to pay out the cash amount of the policy. Generally, the life [...]

What are My Life Insurance Requirements?

Your life insurance requirements are dependent on an overall analysis of your financial situation. A “needs analysis” will help you to determine what type and amount of coverage is most appropriate for your situation. Consult an advisor that will sit down with you and compare your financial assets (e.g. investment accounts, retirement assets, property holdings, [...]

What is the Face Value of a Life Insurance Policy?

The face value of your life insurance policy is the total value that the purchased policy is worth. This is the amount stated on the paperwork of your policy, and the number specified in the terms. The number can some times fluctuate though, depending on the terms of the policy, and different investments rates the [...]

How Can a Consumer Find the Best Coverage For The Lowest Premiums for Life Insurance?

When shopping for life insurance, it is wise to get quotes from as many different companies as possible before you purchase a policy. There are insurance agents that deal with multiple companies that can provide several quotes and policies from different companies. It is always a good idea to meet with several different agents before [...]