Skip to the content
Home > Insurance Blog

Tag: Life Insurance

Quiz: Life Insurance Myths

Posted: March 29, 2024

There are a lot of myths and misconceptions out there about life insurance, and you’ve probably heard most of them. We’ve put together a quick quiz to test your knowledge and help you better understand this important financial product. Give it a shot, and see if you’ve got the straight scoop on life insurance. Let's get started! How Well Do You Know Life Insurance?Question 1:...

How Long Does Term Life Insurance Last?

Posted: March 28, 2024

Here’s an obvious statement: day-to-day living costs add up fast. That’s why life insurance is so important. It allows you to protect your loved ones when you’re gone.Think of the impact of losing not only your income but all the other contributions you make to the family.Could they cover the mortgage or monthly bills without you?Do you have enough saved to pay for funeral expenses?What...

Survey: Could You Accurately Guess the Cost of Life Insurance?

Posted: March 26, 2024

Life insurance: It’s not exactly the kind of topic that comes up during family dinner. No one really wants to talk about the death of a loved one. But when it comes to securing your family’s financial security, it’s a conversation that needs to happen. The fact is, there are many things about life insurance that people don’t know. Find out what people had to say about the cost...

How to Prevent Lapsed Life Insurance Policies

Posted: March 22, 2024

Life insurance is a crucial component of financial planning, providing a safety net for your loved ones. However, the risk of a lapsed policy can undermine its purpose. To ensure the continuity of life insurance coverage, it’s essential to be proactive. Here’s a guide on how to prevent lapsed life insurance policies. Understanding Lapse and Its Consequences A lapsed life insurance policy occurs when the...

When to Consider an Irrevocable Life Insurance Trust

Posted: March 7, 2024

Life insurance is a crucial financial tool that provides a safety net for your loved ones in the event of your passing. However, simply purchasing a life insurance policy may not be enough to ensure maximum benefits for your heirs. One strategic approach to consider is setting up an Irrevocable Life Insurance Trust (ILIT). Let’s delve into the key factors that signal when it’s time...