Life insurance company ratings: What they tell you
Many of our day-to-day decisions rely on ratings. We look up reviews to help us decide how good a restaurant is, which cell phone to buy, or whether we’d like that new movie. Ratings can also help us make much bigger life decisions, like which life insurance carrier to choose. So, what can life insurance […]
Questions to ask before buying life insurance
It can be daunting to search for a life insurance policy. According to insurance industry group LIMRA, nearly half of Americans (46%) say they have put off purchasing the coverage they know they need. Why? When purchasing life insurance, we often face the looming question: Where do you begin? Here, we’ll answer many of the […]
Can non-US citizens get life insurance?
Life Insurance for Non-U.S. citizens As a parent, spouse, or other provider, you recognize the value of providing life insurance to your family. If you don’t hold U.S. citizenship, though, life insurance can feel a lot more complicated. Can a non-U.S. citizen obtain life insurance? As an immigrant or foreign national, you might be worried […]
Can you borrow against your life insurance policy?
Can You Borrow Against Life Insurance? Most people think of life insurance as a financial cushion that kicks in after their lifetime. But did you know that some policies can also provide a source of cash while you’re still living? Permanent life insurance policies come with a cash value component, which is like a savings […]
How do life insurance companies use big data?
As a consumer, protecting your data is an important part of your financial security. According to Pew Research Center, 81% of Americans believe they have little control over the information companies collect about them, and that the potential risks of collecting that data outweigh the benefits. With more companies relying on personal data to market […]
How to find the most affordable life insurance policies
Think you need to choose between high-quality and budget-friendly when it comes to choosing a life insurance company and policy? We have some good news for you. Life insurance offers important financial protection that costs less than you might expect. More than half of Americans believe term life insurance costs three times its actual rate, […]
How to file a life insurance claim
The days after a loved one’s death can be overwhelming, both emotionally and logistically. On top of dealing with your and your family’s grief, there are countless details to manage, like planning the funeral, securing their home, and locating their will. It can also be a financially stressful time, especially if your loved one was […]
How to cancel a life insurance policy
Life insurance is designed to be with you for the long haul. People typically buy coverage that lasts years or even decades, providing a financial cushion through many of life’s unknowns. As life changes, though, you might decide that your policy isn’t right for you anymore. So, can you cancel life insurance? It’s possible to […]
How to shop for life Insurance coverage
You’ve put it off for long enough. You know the value of taking care of your family by purchasing a life insurance policy. At the same time, you’re unsure about shopping for life insurance. It might seem complex – but it doesn’t have to be. For most people, the biggest step in buying life insurance […]
Whole life vs. Universal life insurance
Thinking about life insurance? For most people, term life is the most affordable and simple option to protect what matters. Term life lasts for a set period of time and provides a guaranteed payout during the term. In some cases, though, you might need protection that lasts beyond a specific term length. That’s where permanent […]