Life insurance and final expense are very similar types of insurance. However, they also have their differences. Before you make the ultimate decision of which policy is right for you, make sure to consider these similarities and differences. What is Life Insurance? Life insurance is described as a legal contract between a policyholder and the …
What is the difference between life insurance and final expense? Read More »
A basic definition of final expense insurance is that it provides financial stability to your loved ones after your death, known as the death benefit. This payout can be used to pay off any accrued debt, such as a mortgage, medical bills, or other monthly bills. It can also cover funeral costs if you did …
Final expense, also known as funeral or burial insurance, is a permanent life insurance product that covers your funeral, burial, leftover medical bills, and other final expenses. Whoever you leave as a beneficiary will receive a death benefit after your passing to help pay these expenses. To determine if final expense insurance is right for …
When planning your family’s financial future, purchasing adequate life insurance is one way to protect them after your demise. Your loved ones can use the life insurance payout to cover the funeral expenses, mortgage, loans, and even medical bills and college education. Term Life Insurance vs. Whole Life Insurance As you evaluate various life insurance …
What Is the Difference Between Term Life Insurance and Whole Life Insurance? Read More »
As of May 6, 2020, the United States reported the highest number of deaths from any country worldwide, topping out at 259,000. Because of the coronavirus (COVID-19) being able to spread so easily and the death toll continuing to rise, it comes to no surprise that many are becoming more concerned with what their life-insurance …
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Buying life insurance for children or grandchildren is very simple! In most cases, you will have to buy a whole life insurance policy for a child. Then, you can transfer the policy to the child when they become an adult. You cannot buy a standalone term policy for a child. However, you can pay a …
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People want to protect their family but they still have to live on a budget so a question we get all the time is, “How much life insurance do I need?” We get it. And it’s a very smart question, financially. You don’t want to be throwing money away for a policy that has an …
If you’re looking for one of the best final expense insurance companies to select a life insurance policy to cover your funeral and burial costs, look no further than the companies we’ve selected here. The most important things you should be looking for are companies who: Have a high credit ranking Provide policies at a …
Eight of the best final expense insurance companies Read More »
Key person life insurance that can help protect against the consequences of losing your company’s top employee, manager, or co-owner. If you go unprotected, the death of this person could well mean the death of your company itself. Key Person Life Insurance Key person life insurance is a type of life insurance that is designed …
The first thing you think of when you consider your tax refund is probably not life insurance. However, it’s important to keep an open mind! Instead of using your tax refund on things you don’t truly need such as more material possessions or a beach trip, consider using your refund check to invest in the …
