Life insurance is a wonderful gift to leave your beneficiaries. They can use the proceeds to meet their financial needs, such as paying for housing, or helping them to reach their goals, like going to college. However, many people assume that once they name a beneficiary, the hard work is over. What they don’t realize...
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What many people don’t realize is that survivors face several types of financial difficulties after a salary earner’s death, besides the loss of income. Here are a few life situations that life insurance can help your heirs handle more easily. Debts: Your debts don’t die after you pass away — they become your heirs’ responsibility....
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Technically, it is a federal crime to grow, distribute or possess marijuana, or “cannabis,” its botanical name. And that can have implications for your insurance. Marijuana is known by many names, including cannabis and pot, and is the shredded leaves and flowers of Cannabis sativa — a mind-altering drug. In the last 20 years, it’s...
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Technically, it is a federal crime to grow, distribute or possess marijuana, or “cannabis,” its botanical name. And when it comes to life insurance for marijuana users, that can have implications. Marijuana is known by many names, including cannabis and pot, and is the shredded leaves and flowers of Cannabis sativa — a mind-altering drug....
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You might wonder whether to buy life insurance or not. Do you need death coverage, or is it just an additional expense? You might think you don’t need life insurance if you do not have children. But that is not always the case. If someone depends on you financially, then you definitely need life insurance....
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Life insurance can be confusing, particularly with so many options to choose from. Understanding the top seven myths about life insurance can help you make a sound decision. Life insurance is by no means a simple product. Even the relatively basic term life policies have numerous provisions and features that you should carefully consider to...
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The majority of Americans do not have enough life insurance. Many Americans don’t have any at all. Why is this? Research reveals that the most common reason Americans lack adequate life insurance is that they often have contending financial priorities. The second most reason is that they assume they cannot afford it. Let’s look at...
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Understanding what to look for when buying life insurance can make the buying process easier, and maybe save you money. The death of a loved one can cause surviving family members or dependents financial loss and hardship. Life insurance can cut or even eliminate such difficulties. It is a legal agreement between the insured individual...
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