What Is Best to Do with Life Insurance Payout?

What Is Best to Do with Life Insurance Payout?

More beneficiaries are receiving life insurance death benefit payouts now than before. If you are listed as a beneficiary on a life insurance policy, knowing what is best to do with life insurance payout when you receive it is a very important topic to consider. Use...
What to Know Before Buying Term Life Insurance?

What to Know Before Buying Term Life Insurance?

If your loved ones rely on the income you bring in, then life insurance is a critical part of their financial future that you shouldn’t ignore. I know the topic is grim to ponder on. Although no one likes to think or talk about death, the short inconvenience of...
What Happens When You Outlive Your Life Insurance Policy?

What Happens When You Outlive Your Life Insurance Policy?

Life insurance is very critical in financial planning. Having the right life insurance policy will serve as strong protection when you need it the most. But have you ever stopped to imagine what happens when you outlive your life insurance policy? If you don’t have...
What Happens to Life Insurance When You Leave a Job?

What Happens to Life Insurance When You Leave a Job?

Key Points When you leave a job, you must either port, convert, or cancel your employer-provided life insurance. If you leave your job under special circumstances, some exceptions applicable under the law allow you to enjoy the coverage for a limited time. Your...
How Many Life Insurance Policies Can You Have?

How Many Life Insurance Policies Can You Have?

Prefer to watch a video instead of reading an article? We understand, that’s why we created a video covering this entire subject.  Just hit play, and don’t forget to grab some popcorn. One? Two? Five or ten? What do you think is the maximum amount of life...
What Is Life Insurance Used For?

What Is Life Insurance Used For?

Life insurance is a contract or policy a person enters with an insurance company. The scheme was initially designed to cater for widows, orphans and to take care of burial costs. Today, life insurance is a powerful and flexible financial product. It is important as it...