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PostLife insurance provides varying amounts of life insurance death benefits depending on the coverage and company you choose. This is known as the life insurance face value. There is no difference between face value and death benefits, and many life insurance companies use these terms interchangeably when determining your rates. The higher your face value,...
Life insurance provides varying amounts of life insurance de...
PostSince life insurance companies pay out multiple claims per year, you may wonder how life insurance companies make money if claims sometimes eclipse the amount earned in premiums. The answer is that life insurance company profitability is based on more than just the amount it earns in premiums. While some of life insurance company revenue...
Since life insurance companies pay out multiple claims per y...
Your life insurance quotes are always free.
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PostIf your loved one didn’t leave a clear record of a life insurance policy, it can be difficult to know how to find an old life insurance policy. We break down the main steps on how to find out if someone has life insurance, so you can easily find out whether the deceased had an...
If your loved one didn’t leave a clear record of a lif...
PostLife insurance payouts may only be claimed if the insurance company can find a beneficiary or the beneficiary knows about the policy. Fortunately, these unclaimed life insurance policies can be found, regardless of how much time has passed. Keep reading to learn how to find an unclaimed life insurance policy and file a claim.Read More:...
Life insurance payouts may only be claimed if the insurance ...
PostThe life insurance payout is available to the beneficiaries in the event of an insured’s death. However, the way the payment is disbursed varies. Whether you choose a lump sum or annuity payment, you may have to pay taxes on the death benefit. Keep reading to learn how life insurance payouts work and how to...
The life insurance payout is available to the beneficiaries ...
PostThe ability to buy a life insurance trust is one of the many benefits of buying life insurance. Life insurance trusts allow the trustee to distribute the life insurance death benefit according to the insured person’s wishes and generally cost about $750 to set up. A life insurance trust is especially useful to parents who...
The ability to buy a life insurance trust is one of the many...
PostLife insurance dividends are a return on your annual premium payment. Unlike dividends on stock market investments, life insurance dividends are not taxable and can be used in a variety of ways. You may already receive an annual dividend check from your insurer if you have whole life insurance. Policyholders can also apply dividends to...
Life insurance dividends are a return on your annual premium...
PostYou probably don’t know these terms offhand, but if you’re looking to set up a last will and testament or living trust, they’ll become familiar in no time. Per stirpes and per capita don’t affect your policy while it’s in force. Rather, these common life insurance terms have everything to do with your beneficiaries and...
You probably don’t know these terms offhand, but if yo...
PostWhat 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...
PostFiguring 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...
PostIf 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...
PostThe short answer to the question, “Can you change my life insurance beneficiary?” is yes, with several parameters. However, it’s important to also know how to choose a life insurance beneficiary to ensure the policy functions as intended and offers financial protection to your loved ones. Many life events can warrant a beneficiary change, including...
The short answer to the question, “Can you change my l...
PostLife 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...
PostWhat 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...
PostPolicyholders 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...
PostLife 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...
PostThe 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...
PostBuying 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...
PostWhole 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...
PostSurrendering 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 cancel your 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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