Be honest. When was the last time you looked at your life insurance policy details? Better yet, when did you perform a complete life insurance policy audit? Life moves pretty fast and your insurance policy should keep up. If you haven’t reviewed your policyin years, now is the time.
An audit is an annual opportunity…
Thinking about getting life insurance, but not sure which type to purchase? So, you open your life insurance dictionary and flip through the pages — only to find terms like “mortality charges,” “surrender values,” and… “no-lapse guarantee universal?”
In simple terms, a no-lapse guarantee is a feature in some permanent life insurance policies that keeps…
Confused by life insurance terms? You’re not alone. According to a new survey from Western & Southern Financial Group, Americans face “significant knowledge gaps” when it comes to life insurance. 26% of those surveyed were unsure if their life insurance covers their dependents’ education or debt, while one in five confused life insurance with health…
Most people skim over the life insurance terms of their policy until they’re faced with a decision. But buried in the fine print are important policyholder rights that could make a huge difference. One of the biggest? The non-forfeiture clause.
What is a non-forfeiture option? Let’s say your financial situation changes, or you just can’t…
Thinking about cashing out your life insurance policy? You might be wondering if it’s worth it — or if there’s a better option. Then you start reading the terms of your cash surrender value — nonforfeiture options, 1035 exchanges, MEC status — and suddenly you need an insurance dictionary just to keep up.
So, what…
Life insurance policies are often seen as a basic safety net, but they can offer more than just security and peace of mind for your loved ones. While premiums and coverage may seem like a boring old life insurance policy, there are creative ways to use your life insurance policy beyond its traditional value. These…
Being a grandparent is one of life’s greatest joys. While it’s rewarding to shower them with toys and fun activities, there’s an even more meaningful long term gift: life insurance. Giving life insurance as a gift helps create financial security and provides a foundation for your grandchildren’s future dreams, whatever they may be.
Child life…
According to the latest 2024 Insurance Barometer Study, half of Americans report having life insurance, but a record-high 42% — or 102 million people — say they need life insurance, or more of it. So what’s holding them back?
Of those surveyed, 44% admitted to being only somewhat knowledgeable about types of life insurance, while…
Life insurance provides important financial security for your loved ones. However, if you have a history of substance abuse, whether drugs or alcohol, you may have questions about getting coverage. Fortunately, the underwriting process considers each applicant’s unique journey, and with recovery comes the opportunity to get the protection you need. Let’s take a closer…
One of the most overlooked aspects of getting divorced is life insurance. Whether you’re going through a standard divorce or a gray divorce, it’s important to understand what to do with your life insurance policy. If you’ve named your ex-spouse as the beneficiary, or the policy is in their name, now is the time to…
