What Are The Differences Between A Whole Life And A Term Life Insurance Policy?

Life insurance policies are designed to pay benefits (the amount of the policy) to the beneficiary upon the death of the policyholder. There are different types of life insurance policies available, and each type has its own advantages and disadvantages. To help with your decision, the following information will explain the difference between the two most common types of life insurance and the advantages and disadvantages of each. Whole Life Insurance Read More 

Is It Time to Sell Your Life Insurance Policy?

People are different in more ways than there is space or time to list. For this reason, the insurance needs of each person are also varied, especially when it comes to life insurance. If you're considering the idea of selling your life insurance policy, just because it doesn't make sense for someone else does not mean it doesn't make sense for you. Learn some of the scenarios where selling the policy often makes sense. Read More 

What Happens When A Life Insurance Policy Doesn’t Have A Beneficiary?

Life insurance policies are intended to pay out a sum to a beneficiary when an individual dies. But not all life insurance policies have a beneficiary -- so what happens to the policy? This can be complicated to answer depending on the situation. Why Would a Life Insurance Policy Be Without a Beneficiary? Sometimes individuals simply fail to update their insurance policies. Though they may have gotten married or had a child, they might not have updated their paperwork since they were single -- consequently there's no listed heir. Read More 

When Should You Consider Life Insurance?

Life insurance is something that you may not consider until it's too late to get coverage. Here are some of the qualities that make someone a good candidate for life insurance.  When Someone Depends on Your Income The first factor is whether or not you have a solid income that someone else depends on. For example, if you are the main earner in your marriage, your spouse may be depending on your income for their future wellbeing. Read More