If I can’t pay my premium, what should I do?

If unexpected expenses come up and you can’t pay your life insurance premium, you should know the possible consequences. The effect depends on the type of policy and coverage you…



12 steps for locating a lost life insurance policy

Locating life insurance documents for a deceased relative can be a daunting task. However, with a little sleuthing, you can successfully navigate the paper trail. Here are some strategies to…



Fact sheet: Unclaimed life insurance policies

Unclaimed life insurance policies are a rare, and preventable, problem Clear communication is important when it comes to your life insurance policy. Life insurance policyholders should inform their primary beneficiaries,…



Unclaimed life insurance benefits

5 reasons your life insurance benefits might go unclaimed Sometimes life insurance benefits are left unclaimed after a policyholder dies. This is an unfortunate problem under any circumstances, but especially…



How do I file a life insurance claim?

To begin the claims process: Get several copies of the death certificate. Call your insurance agent. He or she can help you fill out the necessary forms and act as…



How much life insurance do I need?

In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance…



What is a beneficiary?

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person Two or more people The trustee…



Do “empty nesters” need life insurance?

10 reasons to own life insurance after your kids have left home There are several reasons to continue having a life insurance policy even after your children are financially independent.…



What are the different types of term life insurance policies?

Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount…



Why should I buy life insurance?

Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations: Replace income for dependents. If people…



Should I buy life insurance on my child’s life?

The main reason for buying life insurance on anyone’s life is to replace income “lost” or pay for expenses caused by the death of the insured person. If your child…



What are the principal types of life insurance?

There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life,…



How do I pick a life insurance company?

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies…



How should I choose a life insurance agent?

When you’re considering buying life insurance, it’s important to choose an agent or broker who can help you. Buying life insurance can be complicated or confusing. The key to buying…



How is life insurance sold?

You can buy life insurance either as an “individual” or as part of a “group” plan. Individual Policy When you buy an individual policy, you choose the company, the plan,…



How do I pick a life insurance company?

The annuity business, like the insurance industry itself, is very competitive. There are hundreds of insurers and many different types of products available to you. Before buying an annuity, contact…



How to save money on life insurance

Buying the wrong benefits for a low premium does not add up to savings There are ways to save money when buying life insurance, but they don’t always entail paying…



How to choose the right type of life insurance

Choosing the right type of life insurance can be confusing, but it’s also an important decision. Here are some guidelines that can help you narrow down your best life insurance…



Reasons to purchase permanent life insurance

A permanent life policy provides lifelong insurance protection. The policy pays a death benefit if you die tomorrow or if you live to be a hundred. There is also a…



What are the different types of permanent life insurance policies?

Whole or ordinary life This is the most common type of permanent insurance policy. It offers a death benefit along with a savings account. If you pick this type of…



8 smart steps for buying life insurance

How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people,…



Securing your home against burglary

Make your home safer—and get insurance discounts, too Burglars won’t find your home an easy target if it’s well lit and features security measures that slow them down. Don’t let…



Protect your house from sewer backups

Don’t let clogged sewers wreak havoc on your home Backed up sewers can cause thousands of dollars in damage to floors, electrical systems, walls, furniture and other belongings. Learn about…



How to protect your home from water damage

Avoid soggy disasters with these tips Water damage is one of the most common and costliest disasters your home can experience, costing billions of dollars annually. Safeguard your most important…