Tag-Archive for Life Insurance Costs

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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Who Should Your Life Insurance Beneficiary Be?

For anyone who has obligations and people they need to take care of in the event of a worst case scenario, life insurance is a necessity. And one of the most important considerations when taking out a life policy is who to name as beneficiary. This may seem pretty straightforward, and in some cases it…

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Term vs. Whole Life insurance: Benefits and Drawbacks

For anyone with obligations, life insurance is essential. Often, the challenge is figuring out how much insurance to buy and which type of policy is best for their circumstances. There are two general forms of life insurance: whole (permanent) and term life. Here is a quick overview of each: Whole Life Insurance: Whole (also known…

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You Are Never Too Young to Buy Life Insurance

Life insurance is one of the most often-overlooked insurance products for two main reasons: It is optional; unlike auto and homeowner insurance, there is no law or financing requirement to purchase life insurance. It is mostly a selfless product; the policyholder does not receive the death benefit, so the only way they can benefit is…

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