What Happens If I Cancel My Life Insurance Early?
Posted: June 11, 2019
A life insurance policy is a wise investment, but also a financial commitment. Most are effective for 30 years or more. For your policy to remain in effect, you must continue paying your premiums, month after month. If the premium payments are putting a strain on your budget, you may be considering the option of canceling early, although people also cancel for other reasons. Our...
What Happens To My Life Insurance If I Am Diagnosed With A Terminal Illness?
Posted: May 30, 2019
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?
Posted: May 23, 2019
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
Posted: May 16, 2019
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:...
Can I Lower My Life Insurance Premiums?
Posted: May 15, 2019
A life insurance policy can give you peace of mind knowing that your family will be provided for if anything should happen to you. Unfortunately, many people put off this critical task, in many cases due to concerns about cost. A major factor affecting your premiums is the rating the insurance company assigns you based on an assessment of your health and lifestyle. There are...