A life insurance policy can provide your family with some financial protection that will help them to continue paying the bills after you have passed away. You can learn some very important things about your life insurance policy by reading over your annual notice of policy status. You might think of it as the “Cliff’s Notes” version of your life insurance policy. Most people don’t like to think about life insurance because you cannot do it without acknowledging that you, and your spouse, are going to someday pass away. While it can be uncomfortable to consider this serious topic, it … Continue reading →

Yesterday, I got a strange piece of mail from my mortgage company. It wasn’t a bill, and it wasn’t a notice about a late payment. I wasn’t a cancellation notice, or anything related to my mortgage. Instead, it was information about a life insurance policy that I can buy from my mortgage company. That was unexpected! For most people, it is a very good idea to have life insurance. A good life insurance policy will provide your spouse and children with the financial assistance that they would need in order to continue living their lifestyle after you have passed away. … Continue reading →

You have done the responsible thing, and purchased a life insurance policy. You have assured that there will be some financial assistance for your family after you pass away. The next step is to decide who you would like to name as the beneficiary. State Farm has some advice that can help you make that important decision. My husband and I have life insurance policies with State Farm. One of the nice things about State Farm is that they have a Learning Center on their website that can answer many of your insurance related questions. Under the “Life” section of … Continue reading →

There are many people who believe that life insurance is an unnecessary expense. The reality is that your life insurance policy can provide your family with the finances they need in order to help cover expenses after you have passed away. Fictional characters can provide good examples about who needs life insurance, and who might not need it. Many people avoid thinking about life insurance because it makes them uncomfortable. No one wants to focus on their own mortality, or to consider what life would be like without their spouse. As a result, there are a lot of families who … Continue reading →

Do you have life insurance? This type of insurance is a good way to ensure that your family will have some financial stability after you pass away. If you don’t have life insurance right now, then you need to figure out what is stopping you from getting it. There may be a solution to that problem. Most people realize how important life insurance is. It is easy to see how much your family would need the money that comes from the death benefit after you are gone. Even so, there is something distinctly unsettling about thinking about your own demise, … Continue reading →

Do you need life insurance? People who are trying to cut back on expenses often decide to put off buying a life insurance policy. This is generally because not everyone understands how life insurance can benefit their family. Your specific situation determines whether or not you need life insurance. Should you purchase a life insurance policy? The answer to this question depends on a number of factors. The thing to keep in mind is that, in general, people buy life insurance in order to be certain that if they die they will still be able to provide some financial security … Continue reading →

In general, when a person gets a life insurance policy, they choose their spouse as their beneficiary. However, this is not a requirement. You are allowed to choose whomever you want. A British Marine decided to make his friends the beneficiaries, with the stipulation that they use the money on a Vegas vacation. British Royal Marine David Hart got a life insurance policy worth around $400,000 before he was deployed to Afghanistan. Sometime after being deployed, he was killed by a Taliban bomb. He gave instructions that a portion of the death benefit, (about $150,000), was to be given to … Continue reading →

The more you know about something, the better able you are to take full advantage of it benefits. This is true for a lot of things in life, and also applies to life insurance. There are some things that your life insurance company is unlikely to mention to you when you purchase your policy. Your life insurance company isn’t likely to point out to you that their company has a habit of not really putting much effort into looking for your beneficiary after you are gone. Authorities in California are investigating some insurance companies because those companies failed to notify … Continue reading →

Over the years, the role of a father in family life has changed considerably. Traditionally, dads went to work while moms stayed home with the kids. Now, however, stay at home dads have become more common, and more accepted. Have you ever wondered what those dads would earn if you accounted for all the work they do at home? Life insurance is designed to give your family some financial assistance after you have passed away. People understand that their life insurance policy needs to be enough to cover the salary of the spouse that the policy is for. Most people … Continue reading →

When a person buys a life insurance policy, he or she is able to choose a beneficiary. That person will receive the death benefit after the insured person passes away. In some cases, people are changing their selection of beneficiary without letting their spouse know about it. This could lead to an unpleasant discovery, later on. Most people will choose their spouse as the beneficiary of their life insurance policy. It is also very common to select one of their children as the beneficiary, instead. This makes a certain amount of sense. A life insurance policy is designed to provide … Continue reading →