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While it’s easy to prioritize immediate expenses and investments, life insurance is a crucial component of a solid financial plan that many overlook. Aside from providing a safety net for your loved ones in the event of unforeseen circumstances, it also plays a strategic role in long-term financial planning.
Continue reading 6 Reasons Why Life Insurance Should Be Part of Your Financial Plan
Life insurance is pretty simple at first glance. It’s a policy you purchase and continue to pay off until your death. Upon your death, your beneficiaries receive a payout. However, there’s more to life insurance than meets the eye. In fact, there are lifestyle factors that affect your fitness for certain policies and multiple types of it, other than what was just described. Each of these policies are vastly different from each other. In this article, we’ll be going over the different types of life insurance and how they work.
Continue reading What Are the Different Types of Life Insurance?
Deciding whether or not to get life insurance can be tricky. Especially if you don’t know much about what a life insurance policy can mean for you or your family. Luckily we’re here to help and explain why you should think about getting life insurance.
Continue reading 4 Reasons Why You Should Consider Getting Life Insurance
A life settlement occurs when you decide to sell your life insurance policy to a third party, usually an institutional investor. There are plenty of reasons one may not need or want this type of insurance anymore, and the solution to this situation is selling it to somebody else. This way you will receive a one-time cash payment that is larger than the policy surrender value, however, it’s still less than the death benefit value. The number of life settlements is increasing every year due to a variety of factors. As a result, the insurance settlements market was born. When considering a life settlement, it is important to get familiar with all the details of this arrangement and how to make the most out of it.
Continue reading Spotlight On Life Settlement Transactions: Getting The Best Value
Life insurance is a sad thing to consider, however, it is a necessity based on the society we live in today. No one wants to think about someone they love passing away, especially unexpectedly. Nothing will ever hurt more than losing someone you love, but insult can be added to injury with all the costs needed to take care of matters after they pass on. Funerals these days are very expensive and even standard methods will cost at least several thousand dollars. Do you have this money to spend? If you were to pass on without warning, would your family be able to get by? These are things that you have to think about and ultimately lead you to get life insurance.
Continue reading Lifestyle Factors That Affect Your Life Insurance Policy
