Life Insurance

Life Insurance Beneficiary Explained

The first step in safeguarding your family’s financial future is obtaining life insurance. However, the task isn’t completed until you designate a beneficiary to collect the death benefit proceeds when you pass away. By not doing so, your death benefit …

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What Is Life Insurance Death Benefit?

Life insurance death benefit is one of the most commonly used phrases in the life insurance industry. However, as simple as it appears to be, most consumers can’t distinguish between death benefit, face amount, or cash value. The death benefit which yo …

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Life Insurance Contestability Period

Buying life insurance is far from being the most exciting thing you can do. What is even worse, though, is when the insurer refuses to pay a claim. Most states allow the carrier to contest the claim’s validity for two years after the coverage was issue …

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Captive vs. Independent Agent

One of the most critical questions you should ask your agent is whether he/she is a captive or independent. A captive agent can offer you products from one insurer, while independent agents can provide you with 100 or more products from which to choose …

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Convert Term Life Insurance to Whole Life

Did you know that owning a convertible term life insurance policy will allow you to convert part or all your coverage amount to whole life? Did you also know that you don’t need to go through the underwriting process or take another medical exam, regar …

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