Four Life Insurance Myths for the Young Family

MYTH NO. 1: I only need life insurance if I’m the primary breadwinner. Whether you bring home the largest paycheck in your household or a smaller one, your family relies on your income, and it would be missed if something were to happen to you. Even if you don’t work outside of the home, you probably need life insurance. Stay-at-home parents perform valuable services such as childcare, cooking, housecleaning and household management, which can be…

Mortgage Protection: How Life Insurance Can Help

Purchasing a new home can be both exciting and stressful. For many people, a mortgage is the largest investment they will make in a lifetime. But would your loved ones be able to cover mortgage payments if something unfortunate would happen to you? Don’t let worries like this add to the stress of purchasing a home. Term life insurance offers an affordable solution to mortgage protection and can be tailored to meet your unique needs….

Why Life Insurance?

Why Life Insurance? In today’s ever-changing financial environment, it’s important to know that there are some things you don’t have to worry about. Life insurance can be the foundation of helping you and your family in the event of a loss. It can be the base upon which other insurance and investment decisions are built. Life insurance is a way to provide cash to your loved ones when you die. Generally free from federal income…

Why it’s Worth Considering Final Expense Insurance

Why it’s Worth Considering Final Expense Insurance

Why It’s Worth Considering Final Expense Insurance? Anyone who has lost a member of their family knows how difficult loss can be. The emotions are overwhelming. However, one really doesn’t have time to grieve because you need to deal with the financial implications. The last thing your family needs is to worry about the funeral expenses. Funeral costs can add up, especially if you consider the: Funeral service Cemetery plot and headstone Cost of casket…

WHICH MAKES SENSE FOR YOU: PERMANENT WHOLE LIFE OR TERM LIFE INSURANCE?

WHICH MAKES SENSE FOR YOU: PERMANENT WHOLE LIFE OR TERM LIFE INSURANCE?

When considering purchasing life insurance the type of insurance you buy will depend on your specific situation and will come down to two basic types Term Life and Permanent Whole life insurance. You can read more details on each of these type in my previous blog article Term Life Insurance vs. Whole Life Insurance. Permanent life insurance is a type of life insurance that can stay in force for your entire life, as long as…

Term Life Insurance vs. Whole Life Insurance

Term Life Insurance vs. Whole Life Insurance

Term Life Insurance What is ‘Term Life Insurance’? A type of life insurance with a limited coverage period. Once that period or “term” is up, it is up to the policy owner to decide whether to renew or to let the coverage end. This type of insurance policy contrasts with permanent life insurance, which is intended to provide life-long protection. Other characteristics of term insurance include: Low cost No cash value Usually renewable Sometimes convertible to permanent life…