Life Insurance

Recently, my uncle managed to cause quite a reaction in our family chat group. He claimed that he was still making monthly life insurance premium payments. It was a shocker, since he’s well into his 60s and retired early about ten years ago. For someone who’s not looking to protect his income, what exactly is […]

One of the benefits I never had while working a 9-to-5 was a group life insurance policy offered by my employer. That’s mostly due to never really working for large corporation where they are common. However, I remember being disappointed that my former employer didn’t offer such a benefit. These group insurance policies are usually […]

In the tragic event that you become the beneficiary of a life insurance policy, you may ask yourself one big question. “Is this life insurance payout taxable?” It’s natural to want to know what to expect as a beneficiary. In many cases, life insurance payouts are in the five and six-figure range. Knowing whether you […]

Generally speaking, it doesn’t usually make sense to purchase life insurance for your children. While losing a child is devastating for any parent, no family is likely to be reliant on a minor’s income for survival. However, there are some special circumstances where buying life insurance on your child makes sense. At the very least, […]

One of the things I really appreciate my parents made was their will. When my dad passed away, his will made it clear that the surviving spouse was the primary beneficiary of the entire estate. My sister and I were only contingent beneficiaries, in the event that the surviving spouse was mentally unfit to handle […]

If you’re a senior and haven’t considered life insurance yet, it’s not too late. Making sure your family is financially secure after you’re gone is one of the greatest things you can do for them. At the very least, it alleviates the burden of funeral and burial costs. That will help prevent financial stress for […]