Welcome to Parenthood: Here’s What You Should Know About Your Policy
Posted: November 7, 2022
Welcome to Parenthood: Here’s What You Should Know About Your PolicyBecoming a new parent is an exciting, challenging, and somewhat overwhelming experience. When your child is born, you are suddenly responsible for a whole new little person. Instantly, your top priority becomes caring for and protecting your child. Life insurance plays an important role in protecting your baby boy or girl. It is a way to ensure financial support should something unexpected happen to you....
Here’s Why You Should Buy Life Insurance for Your College Student
Posted: October 22, 2022
Here’s Why You Should Buy Life Insurance for Your College StudentA college student does not typically have children or debt, other than student loans. With no dependents who rely on them, why would you buy life insurance for a child in college? No one wants to consider the death of a child. However, should this tragedy occur in your family, if you have co-signed on any loans, it can become a problem. On the positive...
Do I Have to Choose a Beneficiary? What You Need to Know
Posted: October 12, 2022
Do I Have to Choose a Beneficiary? What You Need to KnowWhen you purchase a life insurance policy, you must name a beneficiary, or several. The listed beneficiary is the person who will receive the death benefits should you pass away before you time. A sudden death due to an accident or illness leaves the family bereft, but the life insurance benefit allows them to move forward without suffering serious financial problems. The benefits are not...
Review Your Policy After These Major Life Changes
Posted: September 22, 2022
Review Your Policy After These Major Life ChangesIf you have life insurance, you are in good shape. However, when major life changes occur, it is time to review your policy and update it to suit your new situation. When to Review Your Life Insurance? Several life events will significantly change your life insurance needs. These include: Getting married: Once you are married, your lives are merged into one, sharing finances and personal...
How to Determine the Right Amount of Coverage Needed
Posted: September 7, 2022
How to Determine the Right Amount of Coverage NeededLife insurance – everyone needs it, but how much coverage do you need? Every individual has a unique situation and choosing the amount of coverage requires calculating specific factors. These include the financial obligations that would be left should you suddenly pass away, including: Income replacement: Your loved ones can be left in a dangerous financial condition without the income you bring to the family....