5 Reasons Life Insurance Matters
Posted: September 22, 2024
September is Life Insurance Awareness Month, a time to reflect on the benefits of life insurance and its vital role in securing your family’s future. Life insurance is more than just a policy; it’s a commitment to providing your loved one with financial security and peace of mind in the following five ways: 1. Financial Protection for Loved Ones One of the primary reasons people...
Key Person Life Insurance: Safeguarding Your Business’s Future
Posted: September 7, 2024
Key person life insurance is a specialized policy that businesses take out on the life of an employee whose death could significantly impact the company’s operations. This type of insurance is essential for protecting a business’s financial health and continuity, ensuring that it can weather the loss of a key individual without severe disruption. Who Qualifies as a Key Person? A key person is someone...
5 Common Reasons People Are Denied Life Insurance
Posted: August 22, 2024
Life insurance offers financial security, covering expenses and providing for loved ones after one’s passing. However, not everyone is approved for life insurance. Common reasons for denial include pre-existing medical conditions, high-risk occupations, and hazardous hobbies. Additionally, a history of substance abuse or severe health issues can also lead to denial. Understanding these factors can help applicants address potential problems and improve their chances of...
Quiz: How Do You Know if a Long-Term Care Policy is Right for You?
Posted: August 21, 2024
Even though it’s not something we like to think about, long-term care may be necessary at some point in your life. Maybe you have a heart attack, stroke, or bad accident and need care suddenly, or maybe you develop a chronic illness as you get older. Private health insurance or Medicare may not pay for the long-term services you or your loved ones require. That’s...
What to Expect if You Outlive Your Life Insurance Beneficiary
Posted: August 7, 2024
Life insurance provides financial support to beneficiaries upon the policyholder’s death. If you outlive your beneficiary, the policy’s benefits won’t be distributed as initially planned. If you outlive your beneficiary, update your policy by naming a new beneficiary or adjusting the policy to reflect your current wishes. Regular reviews and updates to your life insurance are essential to maintain its relevance. Choosing Your Beneficiaries A...