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
According to the 2020 Insurance Barometer study from LIMRA, 36% of Americans plan to purchase life insurance coverage in the next year, meaning the intent to buy a life insurance policy is high. With this in mind, here are a few essential tips to get started with life insurance. Evaluate Your Financial Situation You need Read More