That’s a great question and a question that many people neglect to carefully consider. In a nutshell, you need life insurance if anyone at all that depends on you would be put in a bad financial situation if you were to die. It wouldn’t be too far off to say that 99.9% of all married […]

The death of a family member or a loved one can be difficult because it not only involves suffering and a whirlwind of emotions but also because there are often many expenses that come with passing away. You will have to pay for funeral expenses, medical bills and other related costs. However, if the deceased […]

In all ordinary situations the death benefit from a life insurance policy is income tax free. Be sure to note that all death benefits received are income tax free – meaning that they can still have estate tax (death tax) and transfer tax ramifications (especially for larger dollar value estates). The first sentence of this answer will […]

So you have decided to purchase life insurance and now the insurance company is making you take a medical exam! What is that all about? Is the medical exam really necessary? The truth is that all life insurance companies have a requirement for a new person applying for coverage to be checked-up by a doctor […]

The key to finding a cheap life insurance policy is to determine, first, if you even need a life insurance policy, and second, what type of insurance policy to purchase. To begin, individuals with no dependents (a dependent is a member of your family or household that you provide at least half of their support) […]

Return of Premium life insurance (sometimes abbreviated to just ROP Term or ROP Life Insurance) is term life insurance with an extra little feature. This additional feature is that at the end of the term of life insurance coverage if the insured is still living then the owner of the policy will get back all of the premiums […]

What is mortgage life insurance? First let’s determine what mortgage life insurance is not. Mortgage life insurance is not private mortgage insurance (PMI) which is required by your lender if you purchase a home and are unable to put down a down payment of 20% or greater of the home’s value. Private mortgage insurance is required […]