Life Insurance Policyholder Resources

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Why You Can’t Name Your Pet as Your Life Insurance Beneficiary

What happens to your pets when you die? You can leave behind instructions to help care for your animals after you pass, but why can’t you name your pet as your life insurance beneficiary? Because animals are considered property under the law, they cannot legally own possessions, making it impossible for pets to inherit life...

What happens to your pets when you die? You can leave behind...

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What does a $500,000 life insurance policy cost?

Figuring out how much $500,000 in life insurance costs can be a difficult task. Many factors play into the cost of life insurance, such as age, health, insurance company, and policy details. We break down the cost of $500,000 in coverage and the factors that determine your premium. Life insurance is underwritten by insurance companies,...

Figuring out how much $500,000 in life insurance costs can b...

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How to Reinstate a Lapsed Insurance Policy

If you’ve had a life insurance policy that is no longer active or has lapsed, you may wonder if there is an option to reinstate the policy. Fortunately, it’s possible to have a previously inactive policy reinstated and continue enjoying the benefits of having financial protection for yourself and your family. This guide will provide...

If you’ve had a life insurance policy that is no longe...

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Can you change your life insurance beneficiary?

The short answer to the question, “Can you change my life insurance beneficiary?” is yes, with several parameters. Knowing who can change the beneficiary on a life insurance policy is extremely important so that the policy functions as intended, should any changes need to be made. Many life events can warrant a beneficiary change, including...

The short answer to the question, “Can you change my l...

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Life Insurance Death Benefit Explained

Life insurance is an important tool for financial planning and protection for your family in the event of your death. The death benefit of a life insurance policy is a key component that can help you provide for your loved ones after you die. In this life insurance death benefit explained guide, we’ll explain what...

Life insurance is an important tool for financial planning a...

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What to Do if Your Life Insurance Claim Is Denied

What if you’ve invested your efforts and hard-earned money into obtaining a life insurance policy, making timely payments, and filing a death benefit claim only to be told that your life insurance company has rejected your claim? It might be an unwelcome surprise since life insurers deny a policy claim 1% of the time.  That...

What if you’ve invested your efforts and hard-earned m...

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Should you pay life insurance premiums monthly or annually?

Policyholders have their choice between different payment plans when paying their life insurance premiums. Depending on the life insurance company and policy, payments can be made monthly, semi-annually, quarterly, or annually.  Paying semi-annually, quarterly, or monthly allows the cost to be equally spread out over two, three, or 12 payments, while paying annually requires payment...

Policyholders have their choice between different payment pl...

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Can you have multiple life insurance policies?

Life insurance is a valuable financial tool for protecting your family in the event of your passing. However, can you have multiple life insurance policies to ensure comprehensive coverage for your loved ones? It’s possible to have multiple life insurance policies. In this guide, we’ll discuss why it might be the right decision for you...

Life insurance is a valuable financial tool for protecting y...

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How to File a Complaint Against a Life Insurance Company [2023]

The process of filing a complaint against a life insurance company can be daunting for many people. With the increasing complexity of regulations and laws, it is important to understand exactly how to take action if you feel you have been wronged or mistreated by a life insurance company. You can file a complaint against...

The process of filing a complaint against a life insurance c...

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What is life insurance fraud?

Buying a life insurance policy is one of the most responsible decisions for yourself and your family. Doing so ensures that your family doesn’t have to cover your funeral and burial expenses. Sometimes, criminals can take advantage of life insurance companies or vice versa. This is called life insurance fraud, and this guide will explain...

Buying a life insurance policy is one of the most responsibl...

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How to Cancel a Whole Life Insurance Policy

Whole life insurance policies can provide valuable financial security for you and your family in the event of your death. However, if circumstances change or you no longer need coverage, canceling a life insurance policy may be necessary. This guide will explain the process of how to cancel a whole life insurance policy, as well...

Whole life insurance policies can provide valuable financial...

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Surrendering Your Life Insurance Policy

Surrendering your life insurance policy is a big decision that requires careful consideration. It involves giving up the protection and financial security of life insurance coverage in exchange for an immediate cash payout. Knowing when and how to surrender a life insurance policy will help you make the right decision for your unique situation and...

Surrendering your life insurance policy is a big decision th...

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How to Cancel Your Life Insurance Policy in 2023

Buying a life insurance policy is one of the most responsible things you can do for yourself and your family. It provides financial security and peace of mind that your loved ones will be taken care of if something happens to you. Not only can life insurance help protect your family’s future, but it can...

Buying a life insurance policy is one of the most responsibl...

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How to File a Life Insurance Claim [2023]

If you’re daunted by the life insurance claim process, don’t be. This guide covers everything you need to know about how life insurance works and what you can do to collect life insurance as a beneficiary. You need a copy of the death certificate to collect any life insurance benefits. You can’t file a life...

If you’re daunted by the life insurance claim process, don...

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Insurable Interest [2023]

Insurable interest is important when it comes to insuring property and belongings because it protects people from taking out insurance policies on things they do not own, lease, or have a claim to. Insurable interest also covers your right to ensure your property. This is because if you have a stake in the value of...

Insurable interest is important when it comes to insuring pr...

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How does life insurance work?

If your family were to lose your entire income today because you passed away in an accident, who would cover the mortgage or keep food on the table? This is where life insurance can help you protect your family and your loved ones. Is life insurance worth it? Life insurance works to protect your loved...

If your family were to lose your entire income today because...

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Can life insurance be cashed out?

If you’re one of the 52% of Americans who carries some form of life insurance, cashing out your life insurance policy might seem like a viable option for making ends meet during difficult economic times. Despite the financial benefits that can come from cashing in your life insurance, there can also be significant drawbacks that...

If you’re one of the 52% of Americans who carries some for...

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Is life insurance taxable?

The insurance market has always provided people with various choices when choosing a provider, and with choices come questions. For example, a popular question revolves around whether or not life insurance is taxable.  Taxes are frustrating enough, so we want to take the guesswork out of whether or not there are taxes on life insurance....

The insurance market has always provided people with various...

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Laddering Life Insurance Policies: What You Need To Know [2023]

Like most people, you probably think of life insurance as a one-time purchase: You buy a policy, and that’s it. But what if there was a way to save money when buying life insurance? That’s where the ladder life insurance strategy comes in. The ladder strategy is a way to save money on your life...

Like most people, you probably think of life insurance as a ...

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How To Pay For Your Term Life Insurance Policy [2023]

Like paying for your term life insurance policy? Of course not. But since you're a responsible, law-abiding citizen, you may as well save some money.

Like paying for your term life insurance policy? Of course n...

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