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Category: Life Insurance

What Is the Right Time to Purchase Life Insurance?

Life insurance is important because it provides financial security for your loved ones should you become incapacitated or pass away. Even if you have no assets to pass on, a life insurance policy can provide an inheritance for them. It can also be used to pay off outstanding debts, such as a mortgage, car loan, or credit card debts, to avoid placing additional burdens on...

5 Behaviors That Can Raise Your Life Insurance Premiums

Your hobbies, lifestyle, and overall health impact how much you pay for life insurance. For example, if you have decided to take up scuba diving, mountain climbing, rock climbing, BASE jumping or decide that you want to get involved in skydiving, these activities will affect the cost of your policy. Essentially, your life insurance policy is a legal contract between you and the company that...

Things to Consider When Naming Multiple Beneficiaries

Life insurance is an investment for your loved ones. Naming beneficiaries is an important step in setting up a life insurance policy. While you are required to name at least one beneficiary, it is also possible to name multiple beneficiaries. Doing so can help ensure that your death benefits go where you want them to go in case your primary beneficiary does not survive you....