Reasons For Life Insurance
Posted: March 9, 2022
Key Ways You May Need to Use Life Insurance Life insurance is typically used to provide replacement income for those who depend on you. That includes spouses, children or other dependents, such as minor grandchildren, disabled adults and the like. But what exactly does "replacement income" refer to? There are many ways to consider the idea. First, replacement income could refer to funeral costs and...
Time to Review Your Life Insurance?
Posted: April 28, 2021
Time to review your life insurance? Life insurance is something you buy and then don't think about until you need it, so it's easy to forget. But as you near retirement, it may be a good time to reevaluate your needs. Is your old policy, which may have been purchased decades ago, still meeting your needs? Life insurance is important as we start our adult...
Changing Your Life Insurance Beneficiary
Posted: January 3, 2020
Changing Your Life Insurance Beneficiary If you have dependents, such as children or a nonworking spouse, you probably have a life insurance policy. We hope you do. But it is important to remember that as your life circumstances change, your policy needs to change as well. When you purchased a life insurance policy, you named at least one beneficiary (the person or people who will...
Having Kids = Needing Life Insurance
Posted: April 3, 2018
If You Have Children, You Probably Need Life Insurance According to a recent article in The Motley Fool, an alarming 75% of millennial parents currently do not have life insurance. A study by online platform Bestow indicated the reasons given by the millennials - the need to research insurance options and insufficient time - show they're falling short when it comes to insuring their own...
How Much Life Insurance Do You Need?
Posted: October 6, 2017
How to Calculate Your Life Insurance Needs It's hard to generalize when it comes to life insurance. What one family needs may differ drastically from what another family in similar circumstances requires. How can you know if you have enough? One way to determine how much life insurance you need is to peg it to 10 times your yearly income. This method, however, doesn't provide...
