"Life Insurance" Blogs

Situations Where You Should Buy Life Insurance

Life insurance is a good investment as it protects those who may depend on you financially in the event you die. It covers one or more beneficiaries after you die and provides income replacement so that they can pay their expenses.  The main reason why most people don’t buy life insurance is because they simply […]

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Should I Buy Life Insurance Through Work?

Most people would say “yes” since employers offer basic life insurance as part of their benefits package at a low cost and sometimes it’s free. That sounds fair if you are single and don’t have any children. However, if your death would be a financial burden to your spouse and children, you may need coverage […]

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Create An Inheritance By Buying Life Insurance

You don’t need to save a fortune, to leave an inheritance. With the right life insurance strategy, you can leave an inheritance behind for your loved ones.  However, if you are buying life insurance for inheritance purposes, not every life insurance is ideal for doing so. You need to select the best policy for your […]

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Life Insurance Can Cover Student Loan Debt If You Die

With the total student debt in the United States being $1.6 trillion and approximately 44.7 million student borrowers averaging a debt total of $29,900, you are probably wondering what happens when the borrower dies, especially if that’s you. Is your debt going to be passed to your surviving family members? Unfortunately, 73% of student borrowers […]

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Life Insurance: A Wise Decision You Will Make As An Entrepreneur

It’s good to think about life insurance if you have a family, but what about when your business is your family? Entrepreneurs have a legacy to protect and the financial needs of other people to think about – life insurance is often a necessity. Also, if your family supports you in your business ventures, keep […]

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Life Insurance: A Good Christmas Gift for Grandchildren?

Life insurance is a smart purchase – but can it ever be a good gift? If done right, purchasing life insurance for a family member could be a thoughtful and appreciated gesture this holiday season. It’s especially common for grandparents to buy a permanent life insurance for a grandchild as a gift. This way, when […]

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Life Insurance and Retirement Funding: A Tax-Free Upside

How much of your retirement savings will go to taxes? Possibly more than you realize. Some states tax Social Security income, and you may also pay federal taxes on Social Security benefits if you have other sources of income. Your 401(k) and IRA withdrawals, as well as some other sources of income, may also be […]

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Millennials Guide to Purchasing Life Insurance

Yes, life insurance can be depressing, but it’s also a smart move. You pay your premiums towards a possible disaster that hopefully never happens. We like to ignore mortality and are rather inclined to overlook the need for life insurance.  But millennials are particularly exposed to financial risk because they don’t have enough life insurance. […]

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Why Would A Single Person Need Life Insurance?

For married couples with children, the case for life insurance is clear. Life insurance provides a way to ensure that your spouse and children will be taken care of, no matter what happens to you. For single individuals with no children, the need for life insurance may be less clear. But before you dismiss life […]

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Can Genetic Testing Affect Life Insurance Rates? Shocking Details

The genetic testing industry is booming. With a quick DNA swab, you can learn about your family’s roots and your susceptibility to certain diseases. As tests get cheaper and easier, it may seem like there’s no reason not to uncover the secrets of your DNA – but there may be at least one. Genetic test […]

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Should You Buy Life Insurance for Your Children or Grandchildren? The Pros and Cons

Life insurance is an important financial planning tool for adults – but what about children? While buying a life insurance policy for a child or grandchild may seem strange, and possibly even morbid, there are some valid reasons for doing so. Here are some of the pros and cons of buying life insurance for your […]

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Determining Life Insurance Needs: How Much Coverage to Buy

You need life insurance. But how much of it do you need? Life insurance is an important financial planning tool that can ensure your loved ones are taken care of no matter what happens to you. Most people understand the importance of coverage. Figuring out how much coverage to buy is another story. After all, […]

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