Life insurance vs. gambling? Both involve taking a chance on the future. However, while one is a smart financial strategy, the other is a high-stakes risk.
Gambling is all about placing a bet or a large wager on unpredictable events, like a poker game or the lottery, hoping for a huge payout. With life insurance,
Shopping for life insurance policies? Then you need to understand how the contestability period works.
A life insurance contestability period is the time during which an insurance company can investigate applications for signs of fraud or material misrepresentation. Typically lasting 2 years, this period allows insurers to deny a claim for death benefits if false
Ever wonder: what is an accelerated death benefit rider? An Accelerated Death Benefit (ADB), also known as a living benefit rider,allows policyholders to access a portion of their death benefit early under specific circumstances.
Typically, when someone receives a life-shortening diagnosis, they may withdraw part of their coverage to help cover medical bills, care cost,
Considering life insurance? You might have heard that life insurance is a scam, but is it? Like many industries, life insurance can be vulnerable to scammers who violate trust, extort money, or steal personal information. In fact, after health care fraud, life insurance fraud is the second most costly type of insurance fraud, costing $74.7
Generational wealth is more than just a financial term—it’s a way to ensure future generations have the resources they need to thrive. One of the most effective tools for building generational wealth is life insurance. By selecting the right types of life insurance, you can protect your loved ones and create a lasting legacy. With
Life insurance is commonly seen as a way to provide for your loved ones after you’re gone. However, like an IRA or mutual fund, it can also be a valuable financial tool to use during your lifetime. When structured properly, life insurance can offer both protection and growth, helping you reach your investment and lifestyle
Life insurance is often seen as something for the future or just for emergencies, yet it’s more versatile and useful than many think. So, how do you know if you need it?
Life insurance needs depend on personal situations, and there’s no one-size-fits-all policy. However, if you are married, have children, support aging parents, or
Life insurance policies are designed to provide financial security for your beneficiaries after your death. However, circumstances can change, and there may be a time when you no longer need or want your policy. In such cases, life settlements can be an alternative to surrendering your policy for its cash value or letting it lapse.
Life insurance policies are important financial tools, but there may be a time when you need to decide if your policy is worth keeping. Whether life insurance is a good idea for your needs depends on several factors including age, life changes and financial goals. To help have an understanding of when to keep your
Life insurance policy reviews are important for ensuring a policyholder’s coverage continues to meet their evolving needs. However, while life insurance policy review templates can serve as helpful guides, they should not replace a personalized assessment.
At Stratus Financial Partners (SFP), we understand that a one-size-fits-all approach falls short of providing the comprehensive and tailored
