Getting Life Insurance

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How to Find a Life Insurance Advisor (2024)

Buying the perfect life insurance policy can be difficult, and you may wonder how life insurance works. Fortunately, you can find a life insurance advisor to assist you as you filter through your options to determine which works best. You can find a life insurance advisor online, but it’s important to consider your options for how...

Buying the perfect life insurance policy can be difficult, a...

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How much does a $100,000 life insurance policy cost?

If you need affordable life insurance, a $100,000 policy provides plenty of coverage at a low monthly rate. It’s enough to pay for funerary services and settle any minor debts you leave behind after your passing. You can also earn 10%-25% interest on your monthly payments if you buy a permanent policy. Life insurance rates...

If you need affordable life insurance, a $100,000 policy pro...

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Accelerated Death Benefit Rider Explained

Not sure if an accelerated benefit provision is right for you and need an accelerated death benefit rider explained so you can decide whether to include it? Basically, an accelerated benefits provision is a benefit that clients can add to their life insurance policy. It gives clients cash advances if they are diagnosed with a...

Not sure if an accelerated benefit provision is right for yo...

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What is the waiting period for life insurance?

What is the waiting period for life insurance? Unlike auto insurance, most life insurance policies don’t go into effect immediately. The best life insurance companies want to assess how much of a risk you are to insure, so your insurer will thoroughly assess your health before calculating a rate and assigning you a policy. The...

What is the waiting period for life insurance? Unlike auto i...

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Life Insurance Premiums: What are they and how do they work?

Do you struggle to understand how life insurance premiums are calculated? Are you unsure of what factors influence the cost of your policy? Many people find themselves in this same situation, so educating yourself about the fundamentals of life insurance premiums is important.  In this guide, we’ll explain how life insurance works when it comes...

Do you struggle to understand how life insurance premiums ar...

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How to Borrow Money from Your Life Insurance Policy [2024]

When money is tight, borrowing against a life insurance policy is an easy way to access the cash you need quickly. However, you can only borrow against permanent life insurance policies. In this article, we’ll explore the options for cashing out life insurance in 2022, including what the process is, how much you can borrow,...

When money is tight, borrowing against a life insurance poli...

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Is life insurance worth it or not?

Since life insurance isn’t required coverage, you may wonder if life insurance is worth it or not, particularly when you already pay for other coverages like health insurance or car insurance.  The answer depends on your financial situation, whether you have dependents, and similar factors. For example, life insurance for families may be a good...

Since life insurance isn’t required coverage, you may ...

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What to Expect When You Need a Medical Exam for Life Insurance

Like most people, you need life insurance if something happens to you in the future. You may discover that one of the requirements for life insurance is taking a medical exam. A life insurance payout eliminates the financial burden of your funeral, increases cash value, and provides your beneficiaries with a small inheritance depending on...

Like most people, you need life insurance if something happe...

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How to Buy Life Insurance

Buying life insurance is more time-consuming than purchasing a home or auto insurance policy, as it’s usually a bigger purchase. So when applying for life insurance, it’s important to ensure you’re getting the right policy for your needs and following all application steps correctly. It’s also helpful to familiarize yourself with life insurance terms before...

Buying life insurance is more time-consuming than purchasing...

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How To Buy Term Life Insurance [2024]

If you’re here, then that means you’re considering purchasing life insurance to protect your family from financial hardship in case something happens to you. Though, if you’re new to the process, you’ll naturally have a wide variety of questions.  For example, what are the different types of life insurance? How much life insurance do you...

If you’re here, then that means you’re considering purch...

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How much does life insurance cost?

Knowing the answer to “how much does life insurance cost” can help you budget for life insurance. Life insurance ensures your loved ones are taken care of financially after you pass, but it can be an expensive purchase to make.  However, since the average cost of life insurance varies drastically from person to person, comparing...

Knowing the answer to “how much does life insurance co...

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What happens if I lie on my life insurance application?

Fudging, omitting information, or outright lying on your term life insurance application could put your loved ones at risk. Honesty is the best policy. Literally.

Fudging, omitting information, or outright lying on your ter...

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Can you buy life insurance for someone else?

It is possible to buy life insurance for someone else, but you need to prove insurable interest and have the person’s consent. If you choose to take out permanent life or term life insurance on someone else, make sure you are prepared beforehand with what you’ll need to prove insurable interest and other important details. ...

It is possible to buy life insurance for someone else, but y...

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How to Save Money When Buying Life Insurance [2024]

Life insurance is commonly known for safeguarding your family’s future, yet the process of acquiring it may seem daunting, especially on a tight budget. Numerous cost-saving strategies make life insurance accessible to almost everyone, including selecting the right plan and opting for budget-friendly companies. If you’re interested in buying life insurance, use the advice below...

Life insurance is commonly known for safeguarding your famil...

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What are the benefits of buying life insurance?

Life insurance for families has several advantages that can help secure tax-free payouts to families. But what benefits of insurance are the most useful? Can you receive life insurance benefits while you’re alive? Don’t worry — we’re here to help you answer those questions. Our guide will help you discover what are the benefits of...

Life insurance for families has several advantages that can ...

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Life Insurance Underwriting (Terms Explained)

Underwhat? Yeah, we know. It's really just a fancy word for a review or assessment. A life insurance company collects lots of information about you to determine the risk in selling you a policy. Here's how it all goes down.

Underwhat? Yeah, we know. It's really just a fancy word for ...

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Paramedical (Paramed) Exam: What To Know

Most term life insurance policies require a brief, in-home medical exam. Learn what to expect from the exam and how to ensure you get the best results.

Most term life insurance policies require a brief, in-home m...

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Life Insurance Rating Classes (Terms Explained)

Understanding term life insurance rating classes can seem like learning a new language. But it's not that bad. We'll walk you through it.

Understanding term life insurance rating classes can seem li...

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Life Insurance Illustration (Terms Explained)

Here in my left hand is a mirror, in my right hand… Smoke. A life insurance policy “illustration” is a set of projections, prepared by the actuarial department of the insurance company. It shows how your policy will perform over your lifetime. It includes financial projections for each year. If it’s a term policy, the...

Here in my left hand is a mirror, in my right hand… Sm...

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