Am I Required To Buy A Company’s Life Insurance Once They Finance An Exam?
Posted: August 22, 2020
Except for guaranteed issue and other no-exam life insurance policies (with higher rates and lower face value), most insurance companies will require an in-person medical exam. A company representative will arrange for a physical exam to be conducted by a licensed healthcare professional selected and contracted by the life insurance company. This does not mean you are under any obligation to purchase life insurance from...
Is Taking The Accelerated Death Benefit Worth It?
Posted: August 7, 2020
Accelerated death benefits are a relatively new option with life insurance policies. To qualify for these benefits, you must be terminally ill or chronically ill in some cases. For policyholders with severe health conditions, it may be worth it to take advantage of this option. How Do Accelerated Death Benefits Work? When you take accelerated death benefits, you get a portion of the benefits from...
What If My Beneficiary Can’t Claim My Life Insurance Money?
Posted: July 22, 2020
Many people purchase life insurance policies to provide for a spouse and children. But what happens if your death arrives while your children are still minors? In that case, the life insurance company cannot pay out benefits until the court appoints a guardian for your minor children. That can be a lengthy process, requiring attorney fees and court costs. Similar problems could arise if your...
Understanding The Major Types Of Life Insurance Plans
Posted: July 7, 2020
If others are depending on you as a breadwinner, it only makes sense to have life insurance to protect your family. But shopping for a policy can be a complicated process. Several different types of life insurance are available, which means you have a variety of options from which to choose. Our experienced agent can help you find a life insurance policy that suits your...
Life Insurance Vs. Final Expense Insurance Vs. Mortgage Protection Insurance
Posted: June 22, 2020
Life insurance, final expense insurance, and mortgage protection insurance are all similar in certain ways. They all pay out in the event of the policyholder’s death and they all provide protection for surviving loved ones. Aside from that, they are different types of insurance policies that offer different types of protection. What Is Life Insurance? A life insurance policy is a contract with an insurance...