Tag: Life Insurance

How Do I Change My Life Insurance Beneficiary?

It is crucial to name a beneficiary on your life insurance policy. Otherwise, when you die, the policy becomes part of your estate and subject to probate. However, you may change your mind about who you want your beneficiary to be, in which case you have the right to change it. What Is The Process For Changing Beneficiaries On A Life Insurance Policy? In most...

Understanding Waivers Of Premium

If you are purchasing a life insurance policy, one of the decisions you will need to make is whether to add a waiver of premium rider. A waiver of premium may be a valuable addition to your policy, depending on your needs. Our experienced agent will be happy to advise you on the various optional riders available, including waivers of premium. What Is A Waiver...

Will Quitting Smoking Lower My Life Insurance Premiums?

There are many reasons to quit smoking, and reducing the cost of life insurance is one of them. When you kick the habit, you save money not only on the cost of cigarettes and healthcare, but on life insurance premiums as well. If you are ready to quit, talk to our friendly agent about how and when it will get you better life insurance rates....

How Much Life Insurance Do You Need?

How to Calculate Your Life Insurance Needs It's hard to generalize when it comes to life insurance. What one family needs may differ drastically from what another family in similar circumstances requires. How can you know if you have enough? One way to determine how much life insurance you need is to peg it to 10 times your yearly income. This method, however, doesn't provide...

Life Insurance Costs Less Than You May Think

Life Insurance Costs Less Than You May Think Many people avoid purchasing life insurance, especially later in life, because they think it will be too expensive. Not necessarily. According to a 2016 study by Limra, 30% of US households do not have life insurance, and even those households with life insurance only have enough to replace three years of income. Although it depends on your...