-
Life InsuranceWhat is Direct-term Life Insurance? Pros, Cons & Which to Choose?
Life insurance is one of the devices for financial planning that would leave a safety net for their members if a bread-earner dies too soon. This kind of insurance comes in different forms, hence is essential to understand what each has to offer and what is expected, even with these limitations. Direct-term life insurance is one of the most accessible types of options. It explains what it involves, works, its benefits, possible downsides, and tips concerning the right policy.
-
Life InsuranceCan Medicaid Take Life Insurance From The Beneficiary?
No, Medicaid cannot recover/seize life insurance from the beneficiary. The proceeds of life insurance usually pass automatically to the beneficiaries upon the policy owner's death, and this is beyond the reach of Medicaid recovery. Therefore, if you have named a particular beneficiary for your life insurance policy, those proceeds will pass to them directly and are not recoverable by Medicaid.
-
Life InsuranceCan You Keep Your Life Insurance When You Retire
Yes, you can keep your life insurance at retirement. Many people continue their life insurance policies in retirement for the ongoing financial security it may provide for loved ones or even as part of an estate planning process. How you'll handle them in retirement depends on the kind of policy you have term or whole life.
-
Life InsuranceDoes Life Insurance Pay Out for Suicide? - Conditions and Policies
Indeed, life insurance policies could be very complicated, especially when dealing with sensitive matters like suicide. Many clients question whether the life insurance will pay out to its beneficiaries following a suicide. Although the answer depends on various factors, it is crucial to understand the common conditions that affect payouts. This guide checks on the industry standards of what happens concerning the life insurance benefits in such scenarios, let alone bringing out all the different crucial details that may help families make appropriate decisions.
-
Life InsuranceHow to Set Up Your Room for a Life Insurance Exam at Home
Working from home becomes easier with taking an insurance exam, and setting up your space to be successful is the starting point. From choosing the right room to reducing distractions in the environment, a well-prepared environment would go a long way to help you feel comfortable and ensure that the exam process goes smoothly. So here's everything you need to know about creating the ideal setup for your life insurance exam at home.
-
Life InsuranceIs Gerber Life Insurance Worth It?
Yes, the options when choosing a life insurance policy can be overwhelming. Gerber Life Insurance, best known for its popular “Grow-Up Plan,” claims to provide affordable coverage, financial peace of mind, and an easy application process. But is Gerber Life Insurance worth it? For parents considering a policy for their children or themselves, it’s essential to understand the pros, cons, and coverage details before deciding.
-
Life InsuranceIs Whole Life Insurance a Scam?
Whole life insurance has long been surrounded by mixed reviews, leading many to wonder, “Is whole life insurance a scam?” With its unique combination of life coverage and investment benefits, whole life insurance isn’t like typical term policies, so it’s natural to feel skeptical. Here, we’ll separate fact from fiction, address common myths, and weigh the pros and cons of whole life insurance so you can make a confident decision.
-
Life InsuranceWhat If You Start Smoking After Getting Life Insurance
Getting life insurance is a key financial decision that offers peace of mind and security for loved ones. But what happens if you start smoking after you’ve already taken out a life insurance policy? Many policyholders face this question, and it's crucial to understand how lifestyle changes, such as smoking, could affect your life insurance premiums and coverage.
-
Life InsuranceWhich Type of Life Insurance Policy Generates Immediate Cash Value?
Cash-value life insurance policies uniquely offer the benefit of not only providing a death benefit but also accumulating value over time, which presents a living benefit that the policyholder can access. Not all life insurance policies have the ability to accumulate cash value, and among those that do, only particular forms do so at inception. Anyone with life insurance who wishes to gain immediate cash flow must understand what kinds of policies have cash value immediately and about personal goals as well.
-
Life InsuranceWho Gets Life Insurance if the Beneficiary is Deceased?
Most life insurance policies are made available with a primary beneficiary to whom the payout will be given when the policy owner dies. So, what happens if the beneficiary dies first or dies before he has collected the benefits? It is important to understand what would happen in the line of events for the policy owner to ensure that intended beneficiaries get the benefits they need.
