Once your parents reach a certain age, you may want to find a life insurance policy that will accomplish two specific goals- cover your parents’ final expenses and provide for the surviving spouse if one of them passes away.
Protecting Your Parents
When your parents get older, it is up to you to protect their interests. With the right type of life insurance in place, you can ensure that your parents have the protection they need. If one of your parents passes away, the death benefit will allow you to provide your surviving parent […]
Life insurance is a policy where the provider is obligated to pay a sum of money to the listed beneficiaries after the policyholder’s death. The policyholder makes periodic payments, known as a premium, to the insurance company until his or her death. Note that not all life insurance policies will kick in after death because some have specified term periods, which will be terminated if the insured person lives beyond the insured term.
What Are Term Life Insurance and Whole Life Insurance?
Term life insurance is a policy that covers a specified term, usually between […]
Many people have no idea about the intricacies of life insurance. Most of them don’t even want to know because the notion of dying isn’t something anyone wants to think about. Still, it is important to consider those who will be left behind after your demise, especially the ones who may not be able to handle certain financial obligations in your absence.
Here is a list of important questions that you need to ask about your life insurance to prevent last-minute surprises.
Will life insurance through my employer be enough?
Though you may have signed […]
Life insurance is a necessity that gives you an opportunity to secure your family’s future if the unthinkable happens. While no one wants to think about this type of loss, planning for it now will make things easier down the road. Understanding your family’s needs and what type of life insurance is best, will help you choose the right policy.
Is It Time to Review Your Life Insurance Policy?
Life-changing events and changes to your financial situation can take many forms, each having a different impact on your family’s needs. Some events and situations […]