MYGA 2 SPIA Income Strategies: Shootin’ It Straight with Stan

MYGA 2 SPIA Income Strategies: Shootin' It Straight with Stan

Implications Of Suicide On A Life Insurance Policy

For all intents and purposes, a life insurance policy is a legal contract between the policyholder and the insurance carrier. In this sort of legal agreement, the insurance company agrees to grant your beneficiaries a fixed amount of money.

Life Insurance When Terminally Ill

Your life insurance policy, and the welfare of your beneficiaries, may weigh heavily on your mind if you are suffering from a terminal illness. As it happens, it could be used as a value resource and not just as income for your survivors’ to meet their short and long-term needs. You may be able to get a portion of the death benefit proceeds from your policy before you die, using them to fulfill a lifelong dream or even pay expenses if you wish.

Employer Sponsored Life Insurance Is Not Enough

For the last twenty-something years, many Americans receive a life insurance benefit for working for an employer. Today, there is no loyalty or certainty to employment. One day you could be moving to another job, or unemployed, and the benefit you had through work that was once there is now gone. Not much of a benefit then, is it?

Life Insurance Policy – A Great Way To Build Wealth

If you have financial commitments and you are unsure whether you will be able to pay them off before you depart this life, then it would be sensible that you get a life insurance. Life insurance shields your family from financial obligations that you can possibly leave once you die so untimely.

What Is The Age Limit On Life Insurance?

Life insurance is a financial product devised to secure your family and dependents from your financial debts when you pass away. Basically, the insurance policy compensates a death benefit at the time of your death to your chosen recipients. While life plan can be bought by people of any age, there are certain restrictions on the applicant’s age to get life insurance coverage.

At What Age Should You Buy Life Insurance?

When in your life should you buy life cover? What age should you be? Life cover doesn’t have a specific age at which you should buy it, however most would agree that there is a definite time in your life when you need it. In this article I explore different factors which could influence your need and decision to buy life insurance, and the age that research is suggesting these take place.

How to Appeal a Life Insurance Claim Denial

Life insurance carriers may reject your insurance claims for several reasons. Failure to pay life insurance premiums can be one of the reasons why an insurer decides to decline a claim for benefits. Aside from this, the insurance carrier may not grant you the proceeds if you are not listed as one of the beneficiaries of the policy.

When to Drop A Life Insurance Policy?

Acquiring a life insurance policy gives protection to your family and loved ones at the time of your death. On the other hand, life insurance is not required if you have sufficient savings and investments to support your needs and attain financial stability. Having a savings that is equivalent to your death benefit signifies that you are self-insured.

Disability Insurance Can Also Be a Lost Policy

While you may have purchased a life insurance policy and become comfortable with the choices you’ve made regarding your policy and its terms, you probably haven’t thought about what could happen if, instead of death, you suffer a debilitating injury. A disabling injury can leave you and your loved ones without a source of income, large medical bills, and the cost of both rehabilitative services and long-term care. Many insurance providers give the option of purchasing add-on riders to your existing policy, offering more specific coverage depending on your needs. It is very possible you can purchase a disability income insurance rider and it may benefit you to do so.

The Hard Questions That You Must Ask When Planning Your Financial Future

Are you thinking seriously about financial planning for securing your family’s financial future? Risk management planning needs to go hand-in-hand with your plans. Here are some questions that you must ask yourself when completing your financial plans.

Planning Your Life Insurance

Why do we buy life insurance? Most of us buy life insurance as a protection for our family and loved ones if something happens and we pass before they are able or capable of living independently. Most of the time it is to fill the financial void when you’re gone. But once you’ve purchased the policy, what then? How do you ensure the death benefit goes to the people who need it most and when they’ll need it most? Always make sure that you register it on a database to prevent lost life insurance.

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