Archive for the ‘Life Insurance Ongoing Maintenance & Changes’ Category.
In these difficult economic times, many people can not afford the premiums for their life insurance policies. When a life insurance policy has a cash value, there are several options available to the policyholder. One of the most common and often automatic options is for the insurance company to extend term life insurance. The cash [...]
If I forget to make a payment on my insurance- do I lose my benefits? There is generally a grace period on your life insurance policy that allows you time to catch up on missed premiums. On most policies, that grace period is usually 30 days. If a payment has not been made by the [...]
If you become unable to pay your life insurance premiums due to disability or loss of work, there are a few options that may help. First, many insurance policies include a temporary waiver of premium payments in the event of temporary unemployment or disability. You should check your policy to see if you can invoke [...]
For many people these days, money is very tight. The last thing that you want or need right now is to toss more money out of the window. Therefore, you need to know what happens if you pay your life insurance premium and then decide to cancel the policy. You want to know if you [...]
If for one reason or another, an individual forgets or is unable to pay their life insurance premiums, they do not have to worry too much. Should they be able to prove that they are still healthy, they can pay any back and the current amount that is owed to their insurance company. The insurance [...]
When something goes wrong with a life insurance plan, things can get very unbalanced. This can cause a great deal of stress not only for your family, but for you as well. There is nothing worse than the feeling that your family will not be taken care of in the matter of your untimely death. [...]
Canceling a life insurance policy should only be done, if you can get a new policy that either costs less or better meets your needs and goals. The benefit of purchasing a new policy is that you can often get better rates, even if you are considerably older than when your original policy was purchased, [...]
My insurance agent was not able to help me resolve the problem I had with my life insurance, is there anyone else that I could turn to for help? If your insurance agent was not able to help fix a problem you had with your life insurance, you can take further action. The next thing [...]
I was told that switching term every so often with life insurance would allow me to take advantage of the company’s rates, is this recommended? Switching term with life insurance every couple of years may help you get the best rates. However, the cost you are saving may not be worth the switch. If you [...]