Is Life Insurance for Kids Worth It?
For many parents, especially those who are buying life insurance for themselves, it can make sense financially to consider a life insurance policy for a child. With the right type of policy, it can be a powerful tool to lock in low rates, guarantee future insurability, and even create a financial legacy. But should you […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
