A standard life insurance policy typically pays out death benefits to the named beneficiaries in the event the policyholder dies unexpectedly. In exchange, the policyholder pays premiums throughout the term of the policy, that is, during their lifetime. However, if the policyholder wishes to terminate this arrangement for one reason or another, he/she can decide Read More
When approaching 65 years old or even in your early 70s, you should consider getting long-term care insurance. Social security, such as Medicaid, doesn’t cover all parts of long-term care (LTC). As such, it can’t fully pay for constant in-home care or assisted living services, in case you develop a chronic or disabling condition when Read More
With so many options to choose from, the process of shopping for life insurance can be both hectic and confusing. According to a study by LIMRA and Life Happens, consumer confusion around life insurance is among the main reason why some Americans don’t carry this coverage. However, the COVID-19 pandemic has given many Americans a Read More
Life insurance is a policy that pays a specified amount (death benefit) to named beneficiaries when the policyholder dies. For this coverage, the insured pays a premium at regular intervals, such as monthly. The financial payout can cover costs such as: End-of-life expenses Beneficiaries’ upkeep Debts owed by the deceased College tuition for children of Read More
Traditional term life or whole life insurance policies aren’t approved fast enough for some people. The long waiting period can be an issue if you’re older or sick, and wish to quickly avail critical financial protection for your dear ones and cover end-of-life expenses. Simplified life insurance would be your best bet in this scenario. Read More
Seasonal depression affects nearly 3% of people in the U.S. About 20% of patients with major depressive disorder and 25% of patients with bipolar disorders experience this condition at some point every year. Also called seasonal affective disorder or SAD, this mental problem can steal your joy and negatively affect your day-to-day living. What Is Read More
New Year’s is arguably the perfect time to make resolutions aimed at improving your life in every aspect. One area you shouldn’t overlook is the financial well-being of your dependents in the event of your unexpected death. For instance, without your income, your surviving spouse may go into debt, striving to pay for college education Read More
All of us will pass on, sooner or later. For this reason, you should have adequate life insurance coverage and other resources in place that will provide for those who rely on you for financial support. In case of untimely death, life insurance can pay off your unpaid debts, burial expenses, as well as cover Read More
While travel can be a glamorous and eye-opening experience, travelers generally face myriad risks. These could be anything from accidents that cause injuries and damage luggage to abrupt trip cancellation without reimbursement. These risks could potentially lead to substantial financial losses. This is where travel insurance comes in handy. As the name suggests, the policy Read More
Regular exercise has a profound positive impact on mental health. It eases symptoms of mental health conditions such as ADHD, anxiety, and depression and improves memory, boosts mood, improves sleep, and relieves stress. Research reveals that even modest amounts of physical activity can have a significant positive impact on your overall wellbeing. Here are 4 Read More