Last Updated on July 15, 2023 When you begin shopping for life insurance, you’ll soon discover that there are two categories that life insurance falls into.  A term life insurance and form of permanent life insurance.  Term insurance is designed to provide coverage for a specific period of time such as 10, 20, 30 or 40 years.  While permanent life insurance will provide coverage for a lifetime, and also include a cash value component to the policy. Cash value based life insurance can be offered by several types of life insurance products.  Whole life insurance, Guaranteed u ..read more

Last Updated on June 4, 2023 Life insurance is a financial instrument that can help shield you and your loved ones from an unexpected life event. It provides your named beneficiaries monetary compensation for the policyholder’s death or other defined conditions.  Obviously, life insurance is one of the most important financial products that you’ll own in your lifetime. Contesting a life insurance beneficiary isn’t an easy decision to make. However, it may be essential to take action if you don’t believe that the circumstances permit the nominee to be a beneficiary.  While occurrences ..read more

Last Updated on May 3, 2023 Getting life insurance as a young adult tends to get slept on at times. This is because the unpredictability of life doesn’t hit just yet, as most young adults tend to be healthy, unmarried, and don’t have family members that depend on them. Furthermore, young adults tend to have many more pressing expenses, so naturally, life insurance is low on the list of priorities. However, life insurance provides various benefits that make it ideal for anyone, regardless of their circumstances. After all, life insurance provides protection and security, ensuring financial assi ..read more

Last Updated on March 11, 2023 Life insurance can provide people with great certainty and peace of mind in a world filled with uncertainty. It serves as a safety net for those looking to protect their family financially if they pass away. Life insurance provides financial stability to the remaining family members, allowing them to pay medical expenses, funeral costs, and other debts that can result from the policyholder’s death. Or your policy could provide living death benefit riders, where the policy would pay out to you if diagnosed with a terminal, chronic, or critical illness. As you are ..read more

Last Updated on February 17, 2023 People with diabetes face a unique set of challenges when it comes to managing their health. With the cost of healthcare rising, it cannot be easy to find an insurance plan that covers their needs without breaking the bank. Medicare Plan G is an excellent choice for people with diabetes, and this plan provides comprehensive coverage and offers a wide range of benefits tailored to diabetic patients. With Plan G, people with diabetes have access to the best medicare coverage available and can rest assured that they will be able to manage their condition without ..read more

Last Updated on February 4, 2023 Marketing a life insurance company can be a challenging task, as the topic of life insurance is often seen as sombre and difficult to discuss. However, with the right strategies and tactics, it is possible to effectively market a life insurance company and reach potential customers. In this article we’ll outline some recommended steps to take, when thinking of how to market your life insurance business. Quick Article Guide Here’s what we’ll cover in this post: Define your Target Audience Focus on Brand Identity What Channels Should you use to Market Yourself C ..read more

Last Updated on January 24, 2023 Research by Mental Health America shows nearly 20% of adults in the United States struggle with a mental health disorder. The issue becomes even more alarming as over half of this population does not receive professional treatment. Mental health is among the crucial considerations for insurance companies when evaluating an individual’s life insurance application. The insurer can decide to rate up their policy, or charge higher premiums, because of mental health conditions, resulting in higher premiums. In rare cases, a mental condition might lead to coverage de ..read more

Last Updated on June 7, 2022 If you’re named as the beneficiary of the life insurance policy of a loved one who has just passed away, you need to file for a claim in order to obtain the death benefit. Figuring out how insurance claims work might not be the first thing on your mind at a time when you’ve just lost your loved one. This is why we’ve collected all the information you need about the claim filing process to make it easier for you. As you’re well aware, being the beneficiary of the policy means you’ll ultimately be the person who’ll receive the proceeds of the policy.  In this a ..read more

Last Updated on May 26, 2022 In the process of determining the cost of your life insurance coverage, you have probably come across the term – Life Insurance Rate Class, also known as the Health Ratings. When anyone applies for life insurance coverage, the insurance company uses the life insurance rate class in order to decide the risk that he or she poses to them. They then use this to determine how much premium to charge the applicant. People who live with a type of diabetes will oftentimes have a ‘table rating’ assigned to their profile.  Almost every person with type 1 diabetes will be ..read more

Last Updated on April 26, 2022 Given the current environment of the world, Covid 19 or the Coronavirus has impacted everybody, and every type of business. Life insurance industry is not immune either.  Fortunately, the world is slowly getting back to normal, and people are trying to live like we did pre-covid. Companies are looking at applicants’ past, and future travel history closer than at any point in time. 2020 through the present has been a very ‘interesting’ time for life insurance carriers. In the event you’ve traveled recently to and from a deemed ‘ hot spot’ of Covid 19, compani ..read more