Life Insurance Basics

In the world of personal finance, bank loans of one type or another are a routine occurrence.  It is also common for business owners to borrow money in starting a new venture and/or funding the expansion of an existing enterprise.  In securing such loans, lenders often require a life insurance policy on the borrower. Many.. More

Most Americans agree that life insurance is an important part of their overall financial plan.  However, determining an appropriate amount of coverage can be a challenge for many consumers. In working with clients, we are often asked questions such as: How much life insurance do I need?  What should be considered in selecting coverage? Or, should I.. More

The death of a loved one can be extremely difficult from an emotional standpoint, but also presents certain financial and logistical challenges.  It is often the responsibility of surviving family members to make final arrangements and settle the decedent’s estate, which includes identifying and filing claims on any active life insurance policies.Given these often-unexpected responsibilities.. More

Guaranteed Acceptance Life Insurance, also known as Guaranteed Issue, is a form of permanent life insurance in which your application is always accepted. Sound too good to be true? While the word, “guarantee” has a nice ring to it, it’s important to understand what is behind that promise. Guaranteed acceptance life insurance can make all the sense in the.. More

Many consumers have a need for long-term life insurance coverage, but are not necessarily interested in accumulating cash value. It is also important to many policy owners to have the flexibility to make adjustments to their policy as life circumstances change. In cases where lifetime guarantees and flexibility are important, guaranteed universal life insurance may.. More

The majority of Americans would agree that owning life insurance coverage is an extremely important part of their overall financial plan, yet many consumers are unsure exactly how life insurance works. This confusion by consumers is completely understandable given the number of companies, agents, and policies available in today’s marketplace. Most people believe that owning life.. More

Many people have a need for life insurance protection, but either cannot qualify for traditional coverage or cannot afford expensive premiums. There are also those who simply need supplemental coverage provided by accidental death insurance.  So, are there coverage options other than traditional life insurance? In certain instances, accidental only coverage can be a great option and/or.. More

Most people hate the thought of being a burden to family and friends later in life. Yet, an individual’s final expenses are often the responsibility of those left behind. In planning for final expenses many people chose to purchase final expense life insurance..  The need to make final arrangements is a common concern among individuals.. More

Most Americans believe they need life insurance to provide a foundation of security for their families. However, choosing between the different types of life insurance plans available in the marketplace can be a challenge. This is an important consideration, since the coverage you choose can provide not only financial protection but also significant peace of mind.. More