Believe it or not, you may be holding onto a financial asset you didn’t realize you had: your life insurance policy. When most people think of their financial assets they likely think of their stocks, bonds, mutual funds, and ETFs —  resources that hold economic value with the potential to generate cash flow for its owner. They may also consider their physical assets: real estate, art collection, cars, etc. But have you considered that your life insurance may be one of your largest and most valuable assets? A life insurance policy is most often perceived as a safety net for your loved on ..read more

Table of Contents What is a Viatical Settlement? What Are the Primary Features of Viatical Settlements Why Are Viatical Settlements Popular in Today’s Economy? How Do You Get a Viatical Settlement? How Do Viatical Settlements Work? Types of Viatical Settlements How do Payouts Work? Pros and Cons of Viatical Settlements What is the Difference Between a Viatical Settlement and a Life Settlement? Viatical Settlement Alternatives What is a Viatical Settlement? A viatical settlement describes the transaction through which a chronically or terminally ill individual sells their life insurance poli ..read more

Have you ever wondered how much your place in the family hierarchy shapes who you are? Birth order theories suggest that whether you’re the oldest, middle, youngest, or only child, your place in the family hierarchy can significantly influence your personality and behavior. At Coventry Direct, we embarked on a study to delve into these theories, surveying over 1,000 Americans to understand how different sibling positions might manifest distinct traits and responses to various scenarios. From leadership and ambition to peacemaking and creativity, we explored some stereotypical traits associate ..read more

For those seeking long-term financial security for their loved ones, life insurance can be a fitting solution. But what happens when it’s no longer affordable? If your premiums are too expensive, or if your policy is otherwise financially infeasible, you may want to consider a life insurance buyout. A life insurance buyout is a means of ending your obligations of paying premiums toward your life insurance policy while receiving a cash payout. Here’s how it works: a buyer purchases your policy for a cash lump sum and, in turn, takes responsibility for all subsequent premium payments. Following ..read more

There are those among us who can cook an entire meal from scratch, knowing exactly what every course needs to bring out all the right flavors in every single bite all without even needing to consult a recipe. Some people just have a knack for cooking. And some don’t. To the point where they might somehow burn that pot of water sitting on the stove. Given the wide breadth of cooking ability from person to person, we wanted to try and pinpoint the parts of the country that would have the highest concentration of exceptional chefs. We surveyed people from every state about all things cooking, an ..read more

Have your life circumstances changed since you took out your life insurance policy? Policyowners sometimes find themselves no longer wanting or needing their life insurance policy the way they once did — and that’s okay. The reason you took out a life insurance policy may no longer be applicable. Perhaps your children are grown and financially independent. Perhaps your beneficiary who depended on your salary has since passed. Or perhaps you’re reaching a point where premiums are no longer affordable. No matter your life circumstances, there are ways to end your policy and still reap the benefi ..read more

Sometimes, retirees may find themselves in need of funds to cover unexpected expenses like medical illness, a higher than anticipated cost of living, and relocation costs. If this sounds like you, then you may be seeking ways to access cash from your assets. What many retirees who have a life insurance policy may not realize is that their policy can be a source of liquidity and much-needed funds. What does liquidity refer to in a life insurance policy? The answer may be simpler than you realize, though there are things you should know if you want to make use of your policy’s liquidity potenti ..read more

Taking out a life insurance policy includes multiple individuals, such as the policyowner, the insured, and one or more beneficiaries. Whether you’re looking to purchase a life insurance policy, need to make changes to your current policy, or are exploring how to get rid of your policy, it’s important to know the difference between the various roles in order to make informed decisions about your policy. After all, it can be confusing to understand who has full ownership of a life insurance policy when talking about policyowners, insureds, and beneficiaries – so let’s dive deeper into the diff ..read more

There’s many different types of life insurance you can choose from when purchasing a policy. Our guide to life insurance policies can help you figure out which option best fits your needs. The post Different Types of Life Insurance Policies appeared first on Coventry Direct ..read more

Our privacy is important. In this digital age, the value of protecting our sensitive personal data from outside sources has become paramount. With online companies and insurance providers alike eager to leverage this information for various purposes, the issue of privacy remains a prevalent one for people concerned about data being too accessible. Furthermore, our data can now be bought and sold, which begs the question: if we could put a price on our data, what would it be, and is some information more important than others? To find out, we surveyed over 3,200 Americans across 44 states to g ..read more