The Benefits Of Term Life Insurance
Key Takeaways: No one knows what the future will hold, which is why insurance exists – it protects you when the unexpected occurs. If you have people who depend on you for anything, having life insurance is a must! This will ensure that your family is covered financially if something happens to you, and also […]
Can You Get Life Insurance as a Marijuana User?
Life insurance companies have historically been cautious about insuring marijuana users, but as legalization spreads, underwriting rules are evolving. If you use marijuana—whether recreationally or for medical reasons—you likely still qualify for life insurance. But your rates and eligibility will depend on factors like frequency of use, reason for use, and the insurer’s policies. How […]
Can a Nursing Home Take Your Life Insurance?
Nursing home care is notoriously expensive, but necessary for countless people. Can a nursing home take from your life insurance policy? The short answer is no—a nursing home cannot directly take your life insurance. However, improper planning could put your policy at risk in certain situations, particularly when qualifying for Medicaid. Here’s how life insurance […]
What to Do If You Accidentally Lied on A Life Insurance Application
Applying for life insurance involves sharing detailed personal and medical information, which insurers use to assess risk and determine your premium. Even an honest mistake on your application can lead to complications later. If you’ve realized that you omitted or misstated something, it’s important to act quickly to correct it. Addressing the issue now can […]
Should You Get Extra Life Insurance If It’s Provided Through Your Employer?
Employer-provided life insurance—or group life insurance—is a common benefit for companies to offer their employees. It’s convenient and typically free or low-cost. But does it actually provide enough coverage for your family? Should you get additional life insurance beyond what your employer provides? Here’s our take on it. What Is Employer-Provided Life Insurance? Employer-provided life […]
2025 Guide to IUL Life Insurance
Indexed Universal Life (IUL) insurance is a type of permanent life insurance that combines a death benefit with a cash value component tied to the performance of a stock market index, like the S&P 500. While it promises both life insurance protection and investment growth, IUL policies can be complicated, expensive, and often underperform compared […]
4 Tips for Buying Mortgage Protection Insurance
Mortgage Protection Insurance (MPI) can be of high value for homeowners, guaranteeing that your mortgage will be paid if you pass away unexpectedly. But with several coverage options and costs, it’s important to understand the details before purchasing a policy. Here are five essential tips for buying MPI insurance and making the most of your […]
The 2024 Guide To Buying Life Insurance While Pregnant
Pregnancy can be a time of great joy and excitement. But it can also be overwhelming — there’s a lot that soon-to-be parents need to do in nine months to get ready for the new baby. Besides the practical matters, like getting the nursery set up, finding the best car seat, and picking a name, […]
Can 2 People Be on the Same Life Insurance Policy?
It makes sense why many couples ask this question. Buying coverage once certainly sounds easier than buying it twice. The short answer is yes, two people can be on the same life insurance policy. But does it generally make sense to do so? Not necessarily. Let’s get into it. What Is Joint Life Insurance? This […]
Is Life Insurance a Good Idea for Seniors?
As we get older, many of us start thinking more seriously about our financial plans and future security. One common question is whether life insurance is still worth it in our senior years. Should we be considering it now, or is it something that should have been taken care of earlier in life? Let’s break […]
Is Mortgage Protection Insurance Worth It?
Mortgage Protection Insurance (MPI) can offer a sense of security for homeowners and lenders, but is it necessary for everyone? Let’s delve into what MPI is, whether it’s typically required, and whether it’s worth considering for your financial plan. What Is Mortgage Protection Insurance (MPI)? Mortgage Protection Insurance—often referred to as MPI—is a type of […]
