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...
Smartphone For A Healthy Life?
Posted: June 10, 2016
10 Questions to Ask Yourself About Insurance Life insurance can be an important component of a financial plan, but it's important for you to do your homework to ensure that you get the policy you need. Here are 10 questions to ask yourself: Do you need life insurance? The primary purpose of life insurance is to protect the people you leave behind - your spouse, children,...
Term Life Insurance Is Usually Better...
Posted: June 9, 2016
Term Life Insurance Is Usually Better... Life insurance is often presented to older, successful investors as a means of saving additional money for retirement. But is this a good option for you? First, it's important to understand how life insurance works. Traditionally, you buy a policy for its death benefit. In other words, it is designed simply so that it will pay a sum to...
