Why Return of Premium Life Insurance May be The Best Option
When it comes to life insurance, a large number of Americans prefer term instead of whole life because you can typically get a lot more coverage for a lot less premium. Term insurance is significantly more affordable, but there is one major drawback. If you outlive the length/term of the policy, you lose everything you…
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GoFundMe Should Not Be Your Life Insurance Plan
As part of Life Insurance Awareness Month, we thought it was important to tackle one of the more recent trends among those who lose close relatives and do not have the funds to pay their final expenses; starting a crowdfunding campaign. The modern iteration of crowdfunding got its start in 1997, and during the past…
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Why is Life Insurance Taboo
Every September, the insurance industry recognizes Life Insurance Awareness Month. This year, the campaign has been energized by the COVID-19 outbreak, a pandemic that has claimed the lives of nearly 200,000 Americans to date. According to a Lincoln Financial Group survey in July, more than one third of consumers think life insurance is more important…
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Is Your Life Insurance Tied to Your Job
The coronavirus pandemic has turned our entire world upside down. Tens of thousands of Americans have died, and millions have suddenly found themselves out of work. Just a couple months ago, national unemployment was at its lowest level in decades, and most people were feeling like their job was pretty secure and that they would…
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Do I Really Need Life Insurance
When we talk about life insurance and try to make people aware of the need for it, the question often comes up, “why do I need life insurance?” This is a fair question. After all, there is already more than enough required insurance that we need to buy, why bother with an insurance product that…
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September is Life Insurance Awareness Month
For the past 15 years, September has been designated as Life Insurance Awareness Month (LIAM). LIAM was created in 2004 to help educate Americans on the importance of protecting their loved ones and providing for them financially in the event of an untimely death. This year, we are proud to have well-known actress, model, and…
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Insurance New Year’s Resolutions
During this time of year, many people make New Year’s resolutions. Examples include eating healthier, losing weight, paying off debt, or finally starting that business you have been talking about for the past few years. One area of your finances where it makes sense to create some resolutions for the New Year is with your…
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Split-Dollar Life Insurance The Overlooked Executive Benefit
Some executive benefits are so commonplace that their names are heard repeatedly in the news. Stock options, restricted shares, cash bonuses, etc. make up the majority of the compensation packages for many executives. But there is an often-overlooked executive benefit that is very powerful for organizations that utilize it: life insurance. Most employer-provided life insurance…
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Life Insurance and Reverse Mortgage Strategy
Life insurance is an essential part of the financial plan of every individual. And it is particularly important if you have others depending on you, such as your spouse and children. For example, if you are the primary breadwinner in your house, you should have enough insurance to (at the very least) replace your income…
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Can I Still Get Affordable Life Insurance If I’m Over 50?
Life insurance is important for individuals at any age. If you are over 50 and still do not have coverage, it is not too late. Clearly, coverage for individuals over 50 costs more than those in younger age groups, but there are some factors in your favor that can help offset these costs. Assessing your…
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