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Tag: Life Insurance

What Happens To My Life Insurance If I Am Diagnosed With A Terminal Illness?

What Happens To My Life Insurance If I Am Diagnosed With A Terminal Illness?

In most cases, life insurance benefits are paid out after the insured dies and a claim, along with a certified copy of the death certificate, is filed with the insurance company. In cases of terminal illness, however, there may be an exception to this rule. If you have been diagnosed with such an illness, you may qualify for accelerated death benefits. What Are Accelerated Death...

How Will My Beneficiary Collect My Life Insurance Money?

How Will My Beneficiary Collect My Life Insurance Money?

When you purchase life insurance, you pay the premiums for years or decades, and your beneficiaries collect the benefits when you pass away. It is important to tell your beneficiaries about the policy so they file a claim with the insurance company after your death. How Are Death Benefits Collected? Life insurance benefits are typically paid out when the insured person has died and the...

What To Expect When You First Sign Up For Life Insurance

What To Expect When You First Sign Up For Life Insurance

Buying life insurance for the first time can be a bit confusing, but our agency is available to help you through the process. Here we have outlined the steps you will need to take to purchase a life insurance policy. Learn the Lingo Half the battle is knowing the life insurance terminology. Use a good glossary to get a full understanding of terms such as:...

Am I Too Old To Purchase Life Insurance?

Am I Too Old To Purchase Life Insurance?

The younger you are, the less it costs to buy life insurance. Unfortunately, our 20s and 30s are not usually the time for thinking that far ahead. Premiums start to increase when people hit their late 40s and continue to climb from there. So how old is too old to buy life insurance? The answer is, the older you are, the more limited your options...

Do You Have Enough Life Insurance?

Do You Have Enough Life Insurance?

Most of us would prefer not to think about what would happen to our families if something happened to us. Life insurance is something we may have to force ourselves to think about, just like a will. The good news is that purchasing a whole life insurance policy can be a great financial investment. This form of insurance not only allows your life to be...