Posted: February 3, 2023
Before you get life insurance coverage, you should understand why you need it. While there are many reasons to buy life insurance, the most common reasons include:Final expenses: Final expenses refer to any expenses related to someone’s passing. This can include a casket, funeral, preparations, memorial service, cremation and more. Life insurance for final expenses is worth considering—after all, the National Funeral Directors Association reports that the median price...
Posted: November 7, 2022
When you’re young, you feel invincible – like nothing could ever hurt you. You’re less likely to consider life insurance, even though this is the prime time to get it. However, you never know what’s going to happen, and in my case, I’m happy I was prepared.Life-Changing NewsIt was a sunny Saturday in August when I received a diagnosis that would turn my world upside-down:...
Posted: October 19, 2021
Three Things to Keep in Mind If you’re interested in purchasing life insurance, you should consider the following: Never assume a health condition automatically disqualifies you from obtaining life insurance. Sure, maybe your health is less than perfect but you may be eligible for coverage, so always check with a licensed insurance agent to be sure. Always be honest about your medical history. Failing to...
Posted: October 13, 2021
What Happens To Your Student Loans If You Pass Away? The short answer: It depends on the type of loans you have. Federal loans: Loans issued directly to a person through the U.S. Department of Education are discharged (“forgiven”) upon that person’s death, once the required documentation is submitted. Read more specifics about federal student loans at StudentAid.gov. Parent PLUS loans: As a type of...
Posted: September 8, 2021
Maybe you just got married. Or had your first child. Or started a business. Whatever the life event is, you are now buying life insurance for the first time. And that might intimidate and confuse you a little. Help ease your mind by reading the following advice for anyone who is buying life insurance for the first time. Understand who (or what) you’re protecting Major...
