Final Expense Insurance
Posted: July 3, 2024
According to the National Funeral Directors Association, the average cost of end of living expenses averaged around $9,000 in 2023. Final expense insurance can be a good way to protect your assets and provide funds for loved ones in their time of grief. With a little planning, it is possible to provide your family with funds to help cover end-of-life expenses, leaving them free to...
Is There More Than Just Term Life Insurance?
Posted: June 23, 2024
Life insurance comes in many different shapes and sizes. There is a product to fit most every need your client has. We hear and read a lot about term life insurance. It can be a low-cost, simple way to help your clients manage their financial risks. But in this volatile market, there is another product that your client needs to know about. A product that...
Cremation Insurance 101
Posted: June 22, 2024
Cremation insurance is a lesser-known but crucial aspect of end-of-life planning. It ensures that funeral expenses associated with cremation are covered, sparing loved ones from financial burden during a difficult time. Individuals can ease the economic strain on their families by securing cremation insurance to ensure their final wishes are honored without any additional stress or worry. It offers peace of mind and practical assistance...
6 Factors that Determine the Cost of Your Life Insurance Premiums
Posted: June 7, 2024
Life insurance serves as a financial safety net, providing peace of mind and protection for loved ones in the event of the policyholder’s death. Term life insurance offers coverage for a specified period, while whole life provides lifelong protection with a cash value component. Universal life offers flexibility in premiums and death benefits, and variable life allows investment options within the policy. Choosing the right...
The Role of Child Term Riders in Life Insurance
Posted: May 22, 2024
Most people do not have difficulty understanding the goals and value of an insurance policy. However, the idea of taking out a life insurance policy on a child is a strange and unfamiliar concept to most parents. However, many people are unaware of the existence of child insurance riders. These riders are optional add-ons to life insurance policies that provide additional coverage, including funeral costs...