Life Insurance 101


Succeed at a Life Insurance Medical Exam

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Sure, life insurance medical exams are a pain, but insurers require them for certain kinds of policies, for very straightforward reasons. Like any kind of insurance, life insurance is about risk calculations. Insurers want to cover every angle, to make sure that they don’t end up paying out more than they take in, or as…

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Are you sure you’re insured?

Don't let your life insurance policy lapse

It seems like a crazy question to ask anyone who has bought life insurance: Are you sure you have a life insurance policy? It almost sounds like one of those philosophical questions people ask when they want to drive friends crazy, questions like: How do you know you’re not dreaming right now? How do you…

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What Riders Make Sense — and What Ones Should Ignore

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Don’t pick up a hitchhiker. It’s advice you’ve probably heard a million times. Too much could go wrong. You might be robbed at gunpoint or carjacked. Or you could pick up someone with bad odor and who doesn’t stop talking for the next 122 miles. On the other hand, what if the hitchhiker looked like…

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Tell Them to Talk to My Broker

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Take a look at a lot of the most recent site posts and articles on life insurance, and you’ll see experts telling you to simply use a life insurance broker to shop the market for policies. Why is this such a popular recommendation? The answer has to do with how life insurance gets sold these…

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Not a “Dinner Table Thing” Anymore

Group Life Insurance

Among the many reasons that people keep putting off looking for life insurance, there are some outdated ideas that we generally have about this type of insurance market. For one reason or another, even while the business world went from landlines to cell phones, ditching the floppy disk and picking up the flash drive, some…

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How to estimate how much life insurance you need

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We often get through life by making educated guesses. You’re fixing dinner, using a recipe you’ve never used and suddenly realize you don’t have the rosemary leaves the culinary web site or cookbook calls for. So you use basil, and hope for the best. You’re picking out a shirt or jeans at a store. You…

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What Questions Are On a Typical Life Insurance Application?

When applying for life insurance, it is important for the insurance company to obtain as much information as possible about you prior to taking you on as an insured. This is because the insurer is essentially taking a big risk on each applicant that they approve for insurance in terms of the amount of claim…

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Understanding Life Insurance Settlement Options

When the insured on a life insurance policy passes away, the named beneficiary (or beneficiaries) is entitled to the death benefit proceeds. Within the life insurance policy contract, the insurance settlement options refer to the manner in which these funds may be paid out to the beneficiary. Typically, there are several different settlement options that…

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