How Life Insurance Agents Are Paid
Shopping for life insurance is always made easier by working with an expert. But are you the one paying for their time? Not exactly. An independent life insurance agency’s commission doesn’t actually impact your monthly premiums. Let’s explore how life insurance agents are paid and why partnering with an agency like Everyday Life can be […]
How Does AD&D Insurance Pay Out?
Accidental Death and Dismemberment (AD&D) insurance can be a critical part of your financial safety net, especially if you’ve been denied life insurance. But how do payouts work in the event of a claim? Let’s break it down. What Is AD&D Insurance? Accidental Death and Dismemberment (AD&D) insurance is a type of supplemental insurance that […]
The Complete Guide to Key Person Insurance
You’re always going to have key players in any given business. Whether it’s the CEO or a seasoned sales executive, these people play a vital role in the health of the company. Key Person Insurance is designed to protect against the potential consequences of that person’s death or disability. While this sounds like something large […]
Do I Need Both Life Insurance and AD&D Insurance?
When it comes to financial protection, life insurance is a crucial foundation. It provides a safety net for your loved ones in the event of your death, ensuring they have the financial resources they need to maintain their standard of living. While Accidental Death and Dismemberment (AD&D) insurance can offer additional coverage for accidental incidents, […]
Is Life Insurance Taxable?
Generally speaking, life insurance death benefits are not taxable. But there are considerations to be made regarding associated tax implications like estate taxes, cash value withdrawals, and premium deductions. So, let’s explore the nuances of life insurance-related taxes and the various other aspects that can impact the tax responsibilities of a beneficiary. Death Benefit and […]
Understanding Face Value vs. Cash Value in Life Insurance
If you’ve been hunting for the perfect life insurance policy, you’ve probably come across the terms “cash value” and “face value” more than once. While they sound similar, they have very different definitions. Choosing a life insurance policy is a decision that will affect you and your family for decades to come, so you want […]
Is Life Insurance for Kids Worth It?
More and more people these days are taking life insurance policies out on their children, even just two weeks after they’re born. This concept challenges the typical reasons someone takes out a life insurance policy. After all, life insurance is generally thought of as a way to protect your dependents should your income disappear and […]
Should You Get Life Insurance Over the Age of 60?
Life insurance is often associated with securing financial stability for loved ones after a policyholder’s passing. But as individuals reach their 60s and 70s, the question of whether to invest in life insurance becomes more nuanced. It’s never too late to consider life insurance. At any age, it’s a way to contribute to your legacy […]
Should You Get AD&D Insurance?
It’s never fun to talk about, but life is full of uncertainties. And while we can’t predict the future, we can certainly take steps to protect ourselves and our loved ones from the fallout of unexpected accidents. A great way to implement this protection is by considering insurance options like Accidental Death and Dismemberment (AD&D) […]
What’s The Best Life Insurance for Seniors?
Life insurance is a financial tool that provides peace of mind and financial security to your loved ones in the event of your passing. Although life insurance is often associated with younger individuals and families seeking financial security in the event of an unexpected passing, it’s just as important for seniors to consider their life […]
