The Coronavirus Will Have An Impact The United States
Posted: March 5, 2020
The Centers for Disease Control recently stated that the Coronavirus will have an impact in the United States. People who contracted the Wuhan virus have reported symptoms that include fever, chills, headaches, difficulty breathing, and a sore throat. Now is a good time to start thinking about how you might protect yourself and your family from contracting this virus. The World Health Organization and the CDC recommend...
Can I Designate Someone Other Than A Family Member As My Beneficiary?
Posted: February 22, 2020
Although many people name family members as beneficiaries on their life insurance policies, it is certainly not a requirement. There are almost no rules restricting who you can choose, and you can change your beneficiary at any time (for example, after a divorce). The only universal restriction for life insurance beneficiaries is age. You cannot name a minor as your beneficiary. To provide a person...
Understanding The Main Life Insurance Classifications
Posted: February 7, 2020
Life insurance companies use a system of classification to determine an individual’s state of health, based on a series of factors pertaining to that person. Your classification can affect how much life insurance coverage you can get at each price point. Healthy people get more favorable classifications and lower rates. If you have health issues, that will be reflected in your life insurance premiums. The...
Is Graded Death Benefit Life Insurance Worth The Cost?
Posted: January 22, 2020
Graded death benefit insurance has important advantages for certain people. It may be worth the cost if you want the protection of permanent life insurance coverage, but may not qualify for another permanent life insurance plan because of health issues. What Is Graded Death Benefit Insurance? Graded death benefit insurance is permanent, as opposed to term life insurance. What makes it different from standard permanent...
Do I Need To Update My Life Insurance Policy If I Get A More Dangerous Job?
Posted: January 7, 2020
On-the-job injuries happen in every industry. Even office workers can be hurt in trip or slip and fall or other types of work-related accidents. But some occupations are more hazardous than others. If you have recently begun a more dangerous job, you probably need to update your life insurance policy. What Makes A Job More Dangerous? Occupations are generally considered to be more hazardous when...