Skip to main content

Life Insurance

Basics

Whole vs. Term Life Insurance: How To Choose Whole Life vs. Term Life Insurance Life Insurance

Whole vs. Term Life Insurance: How To Choose

When looking at the financial needs you may have throughout your life, the subject of supporting your loved ones should the worst happen will likely come up. It’s a grim topic—and it’s natural to want to avoid talking about it. However, there are serious decisions you need to make with regard to your life insurance […]

Read More about Whole vs. Term Life Insurance: How To Choose

3 minute read

Is Life Insurance Taxable? Everything You Need to Know Life Insurance Payout Taxable Life Insurance

Is Life Insurance Taxable? Everything You Need to Know

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 […]

Read More about Is Life Insurance Taxable? Everything You Need to Know

4 minute read

Does it Make Sense to Get Life Insurance For Your Children? Two Parents Playing Outside with Child Life Insurance

Does it Make Sense to Get Life Insurance For Your Children?

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, […]

Read More about Does it Make Sense to Get Life Insurance For Your Children?

5 minute read

Contingent Beneficiary Explained: Everything You Need To Know Contingent Beneficiary Paperwork Life Insurance

Contingent Beneficiary Explained: Everything You Need To Know

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 […]

Read More about Contingent Beneficiary Explained: Everything You Need To Know

5 minute read