What is Fully Underwritten Life Insurance?
Life insurance is a crucial financial planning tool that provides protection and financial security for your loved ones in the event of your passing. There are various types of life insurance policies available, but one of the most comprehensive and traditional options is fully underwritten life insurance. In this article, we will explore what fully […]
I’m Over 50… What Type of Life Insurance Should I Get?
It’s never too late to consider life insurance. At any age, it’s a way to contribute to your legacy and shield your loved ones from the financial consequences of the unexpected. But if you’re over 50 years old, the picture is quite different from the experience of younger persons shopping for life insurance. Here’s what […]
Collateral Assignment of Life Insurance: Everything You Need to Know
Life insurance isn’t just about peace of mind for the future; it can also serve as a lifesaver when you’re looking for ways to secure a loan. This clever maneuver is known as a collateral assignment of life insurance. It’s a deal between you and your lender where your life insurance policy, specifically the cash […]
The Importance of Life Insurance for Young Adults
We often think of life insurance as something for those who already have a mortgage, family, and probably some years under their belt. However, life insurance is not just a tool for protecting loved ones after you’re gone; it can also be a smart financial strategy for young adults depending on their circumstances. Let’s dive […]
Complete Guide to Life Insurance for an SBA Loan
Entrepreneurs, like yourself, might be surprised to learn that the Small Business Association (SBA) does typically require business owners to have life insurance prior to releasing business funding. Let’s break down what you need to know about how SBA loans and life insurance coverage are connected. These tips will help you better prepare for getting […]
Whole & Term Life Insurance: Which One is Right for You?
What’s the difference between whole and term life insurance? The main difference is in the duration of coverage. Term life insurance provides coverage for a specific period (such as 10, 20, or 30 years). Whole life insurance provides coverage for the entire lifetime of the insured individual. Let’s dive into more detail about the difference […]
What Is Accidental Death and Dismemberment (AD&D) Insurance?
When thinking about insurance, people are more likely to think about life insurance than accidental death and dismemberment (AD&D) insurance. But it’s important coverage because accidents happen, even if you’re careful. AD&D pays a benefit if you have an accident that results in loss of life, limb, hearing or sight. AD&D only covers certain deaths […]
Sproutt Life Insurance Review 2022
Choosing life insurance that matches your budget and needs isn’t always a simple decision. If you’ve been shopping around for life insurance, there’s a good chance you’ve come across the no medical exam life insurance plans offered by Sproutt. Sproutt life insurance offers a one-stop shop to get life insurance without taking a medical exam. […]
A Guide to Finding Affordable Life Insurance with No Medical Exam
No medical life insurance can allow you to apply for and get a policy without undergoing a routine medical exam. It might seem like the best fit for you, until you see your quote. In many cases, the convenience of a no exam policy can be costly if you aren’t careful. Here’s what you need […]
Do I Need Life Insurance? The Ultimate Guide to Help You Decide
Buying life insurance might be one of those things you just never got around to doing. You had many other things going on in your life, such as raising kids and preparing for retirement. Now, you may wonder, “Do I need life insurance?” It’s a good question because not everyone needs a policy. But you […]
