Children’s life insurance stirs up strong opinions. Every family’s situation is different, so it’s ultimately a choice only the parents or grandparents can make. Below, you’ll find a comprehensive guide to both child term riders and standalone policies, plus the pros and cons of each. We also picked out the best few companies for each… The post Best Child Life Insurance Plans appeared first on BestLifeRates.org ..read more

While a rejected life insurance application is disappointing, there’s no need to give up hope. Taking the time to explore the company’s reason for denying your application can provide you with crucial insight. Whether you have to correct an error, lower your risk factors, or partner with a more reasonable underwriter, there’s a good chance… The post What Happens if Your Life Insurance Application is Declined? appeared first on BestLifeRates.org ..read more

Life insurance policy conversions take place every day. Sometimes, your best option to meet your current life insurance needs is through converting your existing policy. Referred to as conversion privilege, life insurance contracts often allow you to change to a different form of coverage without a medical exam. If your policy is nearing expiration, or… The post How Do You Convert Your Life Insurance? appeared first on BestLifeRates.org ..read more

Swimming, cycling, and running come with a multitude of health benefits. If you compete in triathlons, you could tap into the advantages, and reduce the individual risks, of each activity. But can competing in triathlons actually help you live longer? Research suggests that running, swimming, and cycling your way through a triathlon could lead to… The post Do Triathlons Help You Live Longer? appeared first on BestLifeRates.org ..read more

Sproutt is not your average life insurance broker. While other platforms simply match you with the providers likely to offer you the best rates, Sproutt takes it several steps further. With a tech-savvy approach focused on improving your quality of life just as much as selling life insurance, Sproutt is taking the industry by storm,… The post Sproutt Life Insurance Review appeared first on BestLifeRates.org ..read more

Life insurance company data gives critical insight into the ever-changing nature of the life insurance industry. With nearly 800 life insurance companies in the United States alone, there’s a lot to unpack. The data below breaks down the nation’s leading life insurance companies in terms of market share, size, structure, and customer experience. Industry Total… The post Life Insurance Company Statistics & Data appeared first on BestLifeRates.org ..read more

Some of the key players who shape the present and the future trajectory of the life insurance industry are the agents who sell policies. These are the individuals who interact daily with life insurance companies and engage with consumers, educating the latter on the fundamentals of life insurance. The data below takes an in-depth look… The post Life Insurance Agent Statistics appeared first on BestLifeRates.org ..read more

If you have permanent life insurance, you could take out a loan, using your policy as collateral. Borrowing money from your life insurance policy is one way to get quick access to liquid capital in a pinch. Many people also use it to save themselves from more predatory loans for surprise expenses. However, a life… The post How Do Life Insurance Loans Work? appeared first on BestLifeRates.org ..read more

The average funeral today costs over $9,000, according to the National Funeral Directors Association. Many families don’t realize how much a funeral costs until they’re faced with paying for one. So many factors go into the cost of a funeral, from the type of service to the style of the casket or urn. With only… The post How Much Does a Funeral Cost? appeared first on BestLifeRates.org ..read more

Usually, the death benefit of a life insurance policy is tax-free, but there are a few cases in which it could be taxable. Life insurance can shield your loved ones from debt and provide them a bright financial future, but how much of the policy will they actually receive? While your beneficiaries should receive the… The post Can Life Insurance Become Taxable? appeared first on BestLifeRates.org ..read more