When you’re financially strapped for cash, you start looking for money in any place you can find it. Believe it or not, your life insurance policy may give you access to cash…but it will come at a cost. Not all life insurance policies offer the ability to take money out. Even if they do, it … Read more
Before I started writing about life insurance, I assumed it was something that only older people could benefit from. After all, life insurance is commonly used as a tool to leave money to heirs and provide extra income during retirement. But after some research, I learned that life insurance is hugely beneficial for young people, … Read more
Visit any personal finance site and chances are, you’ll find an article on how buying life insurance young will save you money (we even have that article). So, you’ve finally decided to listen and get life insurance, BUT the next biggest question is: will I even qualify based on my health? For those who’ve never … Read more
A life insurance policy protects your loved ones in the event something happens to you. You’ll pay monthly premiums in exchange for peace of mind. But, as with any insurance, the price you pay depends on the company you choose. You can often get the same quality of coverage for much cheaper if you just … Read more
When you apply for a life insurance policy, you’re often required to complete a medical exam. During the exam, a physician from the insurance company takes your vitals, reviews your medical history, and asks questions about your job, lifestyle, and hobbies. Based on the findings from your medical exam, the life insurance company determines if … Read more
Life insurance can be a valuable piece of your personal financial plan. However, many people have no clue how life insurance actually works. If that includes you, don’t worry. It’s easier to understand than you might think. In this guide, we’ll explain the most important things you need to know about life insurance. What Is … Read more