If you own a business in some way, investing in a buy-sell agreement is a wise decision to ensure the safety and survival of that business upon your passing. The previous post discussed buy-sell agreements for sole proprietors, or people who are the only owners of their businesses. But what if you are in a [...]

If you own your own business or are in a partnership, then you need to be particularly careful when deciding what life insurance policy to choose. You and your family do not want your well-developed business to be sold to or divided among the wrong hands upon your death, so take the time to do [...]

The monetary value of the life insurance policy you need depends on a number of factors, focusing strictly on your beneficiaries. When you ask yourself how much coverage you really need, think of your loved ones. Financial Planners. It is important to keep in mind just how much money your loved ones will need in [...]

Being diagnosed with a medical condition does not make finding the most beneficial life insurance policy for you any easier. In fact, in many cases life insurance companies will charge you higher premiums for any medical issues that may be detrimental to your health; in some cases, life insurance companies may even deny you coverage. [...]

It is often very difficult and time consuming for people to find the type of life insurance best suited for their needs. That alone is a challenge; but when you have one or more particular medical conditions and are faced with the task of finding a life insurance company that will accept you, your chance [...]

Why Term Life Insurance is usually the Best Option Life insurance comes in two forms, term and whole life. A term life policy pays a specific amount during a specific number of years. A whole life policy lasts until the day you die, no matter how young you are when you first purchase the policy. [...]

Investing in an irrevocable life insurance trust (ILIT) may well be the best investment you can make to assure that your loved ones receive what you set aside for them upon your death. As mentioned in the previous post, your beneficiaries may be forced to pay estate taxes on your insurance policy under certain situations [...]

An irrevocable life insurance trust, also known as an ILIT, can be considered a way to escape multiple estate taxes upon the insured person’s death. Like a life insurance policy, it benefits the spouse and/or children of the deceased. If you own a life insurance policy, it would be wise to place it in an [...]

As you know by now, there are multiple types of life insurance policies, mostly categorized under term life insurance or whole life insurance. However, there is a type of life insurance that often costs significantly less to keep than the other policies. It is called accidental death. Accidental Death Accidental death life insurance is a [...]

The first part of this two-part feature was directed more toward people who already have or are planning to get life insurance policies. However, this second part is meant to help beneficiaries who have recently experienced the loss of their loved ones and are unsure of how to go about making a claim on their [...]