Though itâs increasingly legal, marijuana can still raise red flags for life insurance companies. While some insurers donât mind covering you if you use pot, others will charge you higherâ¦
Taking out a life insurance policy is a great way to protect your family’s financial future. A policy can also be a useful financial planning tool. But life insurance is a notoriously tricky subject to tackle. One of the hardest challenges is deciding whether term life or whole life insurance is a better fit for… Read More
The post Term Life vs. Whole Life Insurance: Which Is Best for You? appeared first on Credit.com.
A little-noticed change at the end of 2020 has suddenly made life insurance more appealing for some.
Accidental death insurance, also known as accidental death and dismemberment insurance, is a type of limited life insurance often acquired for a nominal fee or added to an existing policy. As the name suggests, it releases a benefit if the policyholder dies from an accident or suffers a dismemberment.Â Accidents kill an estimated 160,000 Americans […]
What is Accidental Death Insurance, and do you Need it? is a post from Pocket Your Dollars.
Life insurance can be expensive and if itâs essential those high costs can leave a nasty taste in your mouth. You may wonder if itâs worth purchasing a policy at all, which could place your family in jeopardy as they wonât have the cover they need when you pass.Â However, there are a few ways […]
How to Find Affordable Life Insurance is a post from Pocket Your Dollars.
A joint insurance policy is one taken by two people, offering benefits that arenât provided by single policies and allow you to save a few bucks in monthly premiums. If youâre married and want your spouse to receive a benefit if you die and your children to receive one if you both die, it seems […]
Joint and Survivorship Insurance: What You Need to Know is a post from Pocket Your Dollars.
Life insurance seems like a pretty good deal. You pay $30 a month for 20 or 30 years and in the event of your death, your family gets a sizeable cash sum, often in excess of $250,000. Every 12 seconds someone dies in the United States and these deaths occur across all demographics (although the […]
How do Life Insurance Companies Make Money? is a post from Pocket Your Dollars.
Also known as burial or funeral insurance, final expense life insurance is a variant of whole life insurance designed to cover a single expense after the policyholder passes away. Often aimed at seniors, these insurance policies have reasonable monthly premiums but generally pay much smaller death benefits than term life insurance policies. What is Final […]
Final Expense Life Insurance: What You Need to Know is a post from Pocket Your Dollars.
Universal life insuranceÂ is a type ofÂ permanent life insurance, offering both aÂ cash valueÂ and aÂ death benefit. It offers numerous tax benefits and is often considered to be a combination of a life insurance policy and an investment; it can pay dividends, be cashed out, and offers a guaranteed death benefit at the same time. How Does Universal […]
A Guide to Universal Life Insurance is a post from Pocket Your Dollars.
Life insurance is essential if you have debts, a mortgage or lots of dependents. However, the older you are, the more expensive it becomes. If you add medical issues and other health concerns to the mix then you might be refused altogether or quoted astronomical premiums that make you question whether itâs worth the protection. […]
How to Get Cheaper Life Insurance Policies is a post from Pocket Your Dollars.