COVID has largely been a contributing factor in individuals’ decisions to purchase life insurance, yet these policies remain a foreign concept to a lot of citizens who don’t believe they have the funds available to invest. It’s a policy that provides peace of mind for yourself and your loved ones, but if you’re unfamiliar with life insurance, you’re likely questioning how much you need and how much you should pay. Fortunately, we’re here to help you understand the keys to calculating how much term life insurance will cost. [Read more…]
Calculating How Much Term Life Insurance Will Cost
Do You Need Life Insurance if You’re Single?
Life insurance is essential to securing the welfare of your loved ones. It will ensure their financial stability is intact long after you’re gone. However, if you don’t have a significant other, is there any purpose for investing in life insurance? While these policies are generally affordable, you could save yourself some money by foregoing life insurance, but is that the best option for you? In this blog, we’ll discuss the circumstances that determine whether you should have life insurance if you’re single. [Read more…]
Choosing the Right Beneficiary for Your Life Insurance Policy
Life insurance is critical when it comes to securing the welfare of your family, especially now in the midst of a global pandemic and financial instability. However, as important as it is to have life insurance, it’s equally important to choose the right beneficiary. You want to ensure it’s someone trustworthy and will use the funds the way you’d want them to. However, sometimes it can be difficult to go through all the loved ones in your life and single out just a few options, but it’s essential to take great care when choosing the right beneficiary for your life insurance. [Read more…]
COVID-19’s Impact on Life Insurance
The COVID-19 pandemic has prompted many to consider life insurance or reevaluate their current policies, and the industry has been facing a surge in demand. The uncertainty regarding one’s health during this pandemic is leading many to think about the finances their loved ones will be left with in the case of an untimely death. If you’re looking into life insurance at this critical time, you need to understand COVID-19’s impact on life insurance and how this pandemic has altered your prospects. [Read more…]
What Impacts Your Insurance Premium Prices?
There are many different factors out there that can affect both residential or commercial policies. Each policy has its own risk factors that individually impact the price of the policy: auto, life, boat, condo, and property insurance to name a few. Today we will be go over three popular insurance policies and what impacts your insurance premium prices with them, so you can better understand the price you are paying. [Read more…]
Benefits of Early Life Insurance
Despite its name, life insurance is often associated with death. It is seen as an end of life precaution, but the benefits of such a policy are more extensive and less expensive if purchased earlier in life. People in their twenties are often not thinking about purchasing a life insurance policy, but by starting young not only do they lock in more attractive rates, they get a resource that not only can support their dependents, but be accessed by themselves in times of need. Learn why the best life insurance is early life insurance. [Read more…]