Advice for Buying Life Insurance

It’s always good to be one step ahead and start looking into life insurance and learning the process of how it works. It’s more beneficial in the long run to consider life insurance now rather than later. There are so many things to consider and so many options to go through like how to be prepared, why you need life insurance, and the different options available.

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The DIME Formula: How Much Life Insurance Do You Need?

Man filling out paper work at a deskEstimating life insurance can be an intimidating task if you are not sure where to start. While there are multiple tools and strategies that help people project how much life insurance is needed, the most effective and simplest tool is the DIME formula. The DIME formula is an easily remembered acronym that stands for Debt, Income, Mortgage, and Education. Today we will break down each letter of the DIME formula to ensure you are best prepared to keep your family’s future secure. [Read more…]

When Should You Start Estate Planning?

When Should You Start Estate Planning?No one looks forward to planning for death, but it is an inevitability that must be prepared for. While everyone wishes to live long lives, at one point you will be leaving your family and belongings behind. When you pass, what happens to your family or the valuables that you’ve collected over your lifetime? At some point, it is important to consult with an expert estate planner to ensure that belongings are sorted, and loved-ones are taken care of. But, at what age should you start estate planning? [Read more…]

What Impacts Your Insurance Premium Prices?

Piggy bank on calculator.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…]

Permanent vs. Term Life Insurance: Which Policy To Choose?

Permanent vs Term life InsuranceWhen considering the right life insurance policy for you, there are a lot of things that should factor into your decision including age, health, finances, etc. The two major types that are offered are permanent and term life insurance, both of which include benefits and drawbacks that should be discussed thoroughly before choosing your policy. In this article, we will touch on what each policy can do for you and how it can affect your family. [Read more…]

Benefits of Early Life Insurance

Portrait of a young man.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…]