The “5 Years Salary” Plan- Is that Enough Coverage?

If you have a family that’s financially dependant on you, you need life insurance. It’s that simple. The not-so-simple part is calculating the amount of insurance that you should buy.

The 411 on Viatical Settlement Insurance Policies

A Viatical insurance policy or settlement is a life insurance policy that is sold by the owner to a third party.  This third party becomes responsible for all premium payments to keep the coverage current. As the sole beneficiary to the policy, the third party receives the entire death benefit when the original owner passes away.

Term Life vs. Cash Value Life Insurance

Life insurance can seem to many of us like a strange, foreign language, filled with odd looks from the (insurance representatives) and words that sound more like the local cuisine than insurance terminology.  Think of this information as your passport through breaking down both term-life and cash value life insurance.

Know your Life Insurance Rights

Life insurance is a policy taken out by an individual to help with their family’s expenses should the insured pass away leaving behind a mortgage, credit card balances, a car note and/or other outstanding bills. In short, a life insurance policy should be one of those things that you buy in life with the hopes that you never need to use it.

A Single Mom's Guide to Life Insurance

As a single mom, the thought of your family’s financial security in the event of your unfortunate untimely passing can be something that you don’t want to think about- But you, more than anyone, needs to have a positive plan of action if this should happen. How will your children have an income after your gone? Since you have no control over this situation, how will you really know? For these reasons and many more, a life insurance policy, a tight family and a will can ease one’s mind on the topic of providing for your dependants after you’re gone.