If you need extra cash or if you have a life insurance policy you no longer need, there are alternatives to surrendering it for the cash value. One method that’s gaining popularity is to sell the policy outright. While this can earn you more money than you would otherwise receive, it’s important to understand how this process works. Once you learn more about it, you can decide if it’s right for you.
Getting approved for life insurance isn’t a guarantee, especially with more substantial amounts of coverage. Even life insurance policies that do not require a medical exam can be denied. The following are the most common disqualifications from life insurance although not all of these factors guarantee a denial from every company.
Starting a life insurance policy is one of the most important things you can do for your family. In addition to covering your funeral and burial costs, your policy may provide a little extra to help your loved ones through a difficult time. However, choosing the policy’s beneficiary may require some careful thought.
Many people do not think of purchasing a life insurance policy until they are settled down with a family of their own. However, life insurance is a product that all people should consider buying at their earliest convenience. Life insurance is much cheaper than many people assume and there are many policies that people of a young age can qualify for.
If you have heard that life insurance can be an actual financial investment, you may be wondering how you can use coverage to prepare for a better future. Most people purchase life insurance for the death benefits, but some policies have additional features and benefits that differentiate them as an investment product. By understanding what type of policy to purchase and what to expect from life insurance as an investment reasonably, you can more easily determine how to set up your new covera...
Your tires are the physical connection between your car and the road. The state of this connection can determine the quality of your driving experience, and there are good reasons to make sure your tires remain in good condition.
Safety is reason number one, of course. According to NHTSA, under inflated tires lead to a variety of safety hazards including longer stopping distances and blowouts. If they’re overinflated, tires will wear unevenly, resulting in weak spots. The bottom line is that ...
Supplemental life insurance is an extra life insurance policy. The employer will offer this policy as a benefit for the employee. You should purchase supplemental insurance at work if the policy meets your needs. Here are a few reasons why the employee buys this policy at work. The employee can afford the policy. The employee has a family. The employee can keep the policy. Use the following guidelines to help you make an informed buying decision about supplemental life insurance.
When life insurance policies were first introduced, they were meant to cushion the beneficiary from financial worry in the event of the insured’s death. However, as time passed by, life insurance incorporated savings and investment into the package. Policies such as whole life and universal life insurance provide cash value back to the insured.
If you’ve applied for life insurance, the company isn’t willing to take your application on trust alone. You’ll be asked to complete a medical examination before your policy goes into effect, but there’s no reason to be concerned. These exams are primarily standardized and nothing to be worried about. Here’s what you can expect when it’s time to make your appointment.
The transformation of the insurance industry has happened nearly within the last decade. In 2008, most life insurance policies had to be filled out in an office or received and sent back through fax. Now, barely ten years later, insurance companies without websites and applications online are becoming non-existent. The future of the insurance industry will continue to change with new technologies. Here are three ways technology has already begun to change life insurance:
The exact date or year of life insurance’s birth is somewhat unknown; while we are unsure whether it was in 700 or 100 BC, we know it happened during those times in Rome.
As the story goes, the Roman government and its people believed that all citizens, regardless of social status, must be buried correctly, or they will become an unhappy ghost. With the understanding that not all families can afford the expensive funerals (funerals have always been expensive), burial clubs were created to pay...
Life insurance is somewhat opposite of automobile insurance. Rather than having high prices at a young age that reduce as you get older, life insurance begins inexpensive and becomes more costly as you age. The reason being is quite simple: with automobile insurance, the older you are, the better you are at driving which makes you less likely to need coverage for accident costs; with life insurance, the younger you are, the healthier you are which reduces the cost of monthly payments.
Due to ...
Life insurance is a type of insurance that pays out benefits after the insured person dies. It may also be paid out after a certain amount of time. Many people are told that they need life insurance. However, before you get life insurance, there are essential things that you should know about it.
If the warm summer weather creates a sense of wanderlust in your adventurous spirit, it can lead to various road trips being planned. Before you set out on your next road trip adventure, however, you should purchase some handy car gadgets that will improve your convenience and safety while out on the open road.
Honda Odyssey, Minivan
Ranked #1 of minivans by U.S. News and by Kelly Blue Book, the Honda Odysseyis considered the best minivan in the U.S. because it affords comfortable space for cargo and any size rider. It drives like a car and is equipped with driver assist and safety features such as collision mitigation braking. Inside there is a new infotainment system and even a vacuum for quick cleanups. The redesigned Odyssey with Magic slide seats, five child safety seats, and an in-cabin camera...