Can you donate your life insurance policy to charity?
People buy life insurance for lots of reasons: to replace their income, to ensure proper retirement planning, to protect loved ones financially, or to cover final expenses and leftover debt. In some cases, your goal may be to leave a legacy for a cause you believe in. Whether you’re buying a term life insurance policy […]
Walk MS goes virtual: eFinancial wins ‘Top Overall Corporate Team’ award for MS research fundraising
Multiple sclerosis (MS) is an unpredictable, often disabling disease of the central nervous system. In 2019, research found that nearly 1 million people in the U.S. are living with MS – twice as many as the previous estimate. This makes breakthroughs for those affected even more important, especially during an unprecedented global crisis that calls […]
Is final expense insurance a good deal?
You’re always planning for the next phase in your life: college, career, buying a house, starting a family. But what about the last phase of life – and beyond? No one likes to think about their final days, but when they come, it’s important to make sure your family isn’t stuck with big financial burdens. […]
How to buy funeral insurance for your parents
Most parents do their best to protect their children throughout their lives, and that includes protecting them from financial burdens once they’re gone. If your own parents are getting older, it’s important to make sure everyone’s prepared for the expenses their final years can bring – including funeral costs. The average cost of a funeral […]
What is direct term life insurance?
Shopping for a life insurance policy can mean uncovering options that you didn’t even know existed, like direct term life insurance. So, what is direct term life insurance exactly, and how do you know if it’s right for you? Also known as “direct-to-consumer,” direct term is coverage that you purchase straight from a life insurance […]
How much is life insurance for a 70 year old?
Life insurance protects what matters most to you – and that’s important at any age. When you reach 70, those needs may look different than they did years ago. Instead of young children and a mortgage, you may be thinking of providing for your partner after you’re gone or taking care of debts and final […]
Can you take out a life insurance policy on anyone?
Life insurance is designed to protect the people you love from financial challenges after you’re gone. So, who can you buy life insurance for? In most cases, you apply for a life insurance policy for yourself, and your spouse, children, or another trusted person receives the payout if something happens to you. But what happens […]
Financial planning moves to stay secure during coronavirus
The COVID-19 pandemic has completely upended daily life for Americans in the past few weeks. Many are adjusting to working from home, and things as simple as walking outside and spending time with friends have been complicated by the need for social distancing. Yet, while active cases are a major health concern, many Americans are […]
Do you need life insurance for your grandkids?
They say that grandparenting is the reward for parenting. If you’re a grandparent yourself, you’re likely soaking it all in. You can’t even imagine your life without these new little people, and part of that picture is keeping them safe and protected. The protection grandparents want to provide their grandkids is natural – but should […]
Coronavirus and life insurance: What should you know?
The rapid spread of COVID-19 – short for coronavirus disease 2019 – has set off alarm bells around the world. In the first two weeks of March, the number of cases of COVID-19 outside China has increased 13-fold. As of mid-March, there are more than 118,000 reported cases in 114 countries, prompting the World Health […]