With the right life insurance policy, you can provide your family with the financial security they need to navigate life’s big milestones, like college, home ownership, marriage, and having children. Term life insurance policies, which provide coverage for a set period, can be fine-tuned for specific goals like these. As your life and your goals change, however, your life insurance should change with them. Fortunately, some term life insurance policies are “convertible,” which means they can be exchanged for permanent policies. How convertible term life insurance works Convertible term life in ..read more

Technology is changing the way we live. In the insurance industry, it is helping middle-class Americans get immediate life insurance coverage no matter the circumstance. Through a seamless process created and patented by the pioneering insurance technology (insurtech) firm Vericity, more and more everyday Americans are experiencing instant gratification when seeking life protection. “One of the challenges in life insurance, particularly in the United States, is that the underwriting process can be prolonged and unlike the instant gratification that many consumers experience when they buy tangi ..read more

Life insurance may not be at the forefront of your mind, especially if you’re young and healthy. However, it’s an essential investment if someone relies on you financially. The benefits of life insurance not only provide your loved ones with a payout if you pass away but offer financial security throughout your life. What are the benefits of life insurance? There are many reasons to get life insurance, but the reason you get a policy may change throughout your life. Here are the top 15 reasons why you may consider getting a life insurance policy. 1. Protect your family’s financial future Life ..read more

Permanent life insurance offers financial protection for a lifetime. Yet, you may not be aware of another compelling feature of permanent life insurance: you can withdraw cash from the policy while you’re alive. You can access funds from a permanent life insurance policy by making a withdrawal or taking out a loan. Or, if your financial circumstances have changed, you may decide to surrender the policy, thereby canceling coverage and removing the policy’s cash value. While surrender may seem like a good option if your finances are tight, it’s best to use it only if you have another financial s ..read more

Living benefits of life insurance allow you to access money from your policy while you’re still alive in certain situations. Yet living benefits aren’t as well-known as life insurance’s more commonly understood death benefits. For many people, the primary purpose of life insurance is to financially support beneficiaries if they pass away. However, if you purchase life insurance with living benefits, you can tap into some of the money during your lifetime to help provide financial support. How can you use living benefits? You can use the living benefits of life insurance in certain situations ..read more

Around half of US adults are currently living with one or more chronic health conditions. If you’re among them, you know that facing life’s challenges with a medical issue isn’t always easy. However, if you have a pre-existing condition, you can take solace in knowing you can still protect loved ones by getting a life insurance policy. While it’s true that some pre-existing medical conditions can affect how much you’ll pay for coverage, a licensed agent can help you find the right life insurance policy to match your needs and budget. What is a pre-existing medical condition? Technically, a “pr ..read more

It’s common to think about buying life insurance once you have dependents, like a spouse or children, who rely on you financially. And a simple, affordable term life insurance policy is a great solution for many families. However, once a term policy ends, you may no longer have the financial protection your family needs. That’s where permanent life insurance policies play a role. Whole life insurance, a type of permanent life insurance, offers a number of benefits, including coverage with no term limits and lasting security for the people close to you. How does a whole life insurance policy wo ..read more

In many cases, your life insurance company will provide your beneficiaries with a death benefit if they file a claim following your death. However, suppose you pass away within the first two years after your policy was issued. In that case, the insurance company will review your application and investigate whether any fraud or misrepresentation may have occurred. If the insurer finds anything out of place during this life insurance contestability period, like a medical condition or a lifestyle habit you didn’t mention on your application, they may have grounds to deny the claim or pay a reduce ..read more

Choosing a life insurance policy is a big decision for you and your family. Naturally, you want to make sure you have the best protection for loved ones if something unexpected happens. Comparing life insurance quotes from top-rated providers can help you find the right coverage for your needs and budget. Compare types of coverage Before you compare quotes, you’ll need to understand what kind of life insurance products there are. The two most popular types of life insurance policies are: Term life insurance Term life insurance is the most common type of life insurance policy because it provide ..read more

Life insurance is designed to provide financial protection for your loved ones if something unexpected happens to you. But sometimes, scammers step in and try to lure you into making a false purchase or providing sensitive information. That’s why working with top-rated insurance companies and dedicated agents to find the right policy can be critical. And while we can’t stop scammers completely, we can help you understand the most common life insurance scams and how to protect yourself. 1. Beneficiary scam Picture this: you’ve just lost someone close to you. You’re overwhelmed by grief, and bef ..read more