Is Life Insurance Worth The Cost?
One of the most frequently asked questions we get about life insurance is this: “Is life insurance worth the cost?” It’s a fair question. Purchasing a term life insurance plan varies depending on your specific coverage needs, but you might end up paying anywhere from $15 to $100 a month for anywhere from 10 to […]
Does Term Life Insurance Have Cash Value?
Key Takeaways: Only permanent policies like whole life and universal life offer cash value, which may make them more attractive (until you understand what that does to the cost of the plan). Term life plans don’t offer cash value within the policy, but over time can help you build your savings and invest more wisely […]
Medical vs. No Medical Exam Life Insurance: What’s the Difference?
Buying life insurance can feel overwhelming. Because it comes with a lot of questions, many people put off purchasing a policy. According to LIMRA’s 2018 Insurance Barometer Study, 61% of people don’t buy life insurance because they put other priorities first. With over a third of households saying they would have money trouble within a month […]
Is there a right age to get a life insurance policy?
Life insurance is designed to protect your family and any other people who may depend on you for financial support. We get it – it’s probably not something you think you need to consider when you’re in the prime of your 20’s or 30’s, but, funnily enough, it’s actually the perfect time to think about […]
Term Laddering: What is it and how does it affect your life insurance policy?
When you purchase life insurance, you are purchasing a safety net for your family and loved ones if something happens to you. If something does happen to you, your family members can use your life insurance benefits to cover any financial obligations and/or debts you may have, and meet other ongoing financial needs, particularly if […]
