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I'm a financial planner, and I see 5 types of people who need life insurance...
Summary List PlacementIn my years as a financial planner, I've worked with many types of families on their financial plans, and I recommend life insurance to all.Life insurance is a key pillar of a...
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4 smart ways women can start planning for retirement before they run out of time
Summary List PlacementWomen live longer than men and are often the primary breadwinners, making it especially important to plan for the future.Review your financial situation, 401k, and life insurance...
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Permanent life insurance is more expensive than a term policy, but it lasts...
Summary List PlacementPermanent life insurance is life insurance that never expires, unlike term life insurance which ends after a specified period of time.In addition to a death benefit, permanent...
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The best renters insurance of 2021
Summary List PlacementTable of Contents: Masthead StickyThe best renters insurance companies of 2021If you're currently renting your home, renters insurance is coverage you should probably have —...
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Why life insurance plays a key role in closing the racial wealth gap,...
Summary List PlacementTraditionally, life insurance was marketed to the Black community for burial expenses, not as an investment tool, and Blacks were given higher premiums for lower death...
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Life insurance jargon can be confusing — here's a list of the most common...
Table of Contents: Masthead StickySummary List PlacementThere are many words and phrases that are unique to the life insurance industry, and if you're shopping for life insurance, it's likely you'll...
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Whole life insurance lasts forever and can help you build wealth, but it's...
Summary List PlacementWhole life insurance is a type of permanent life insurance that never expires, unlike term life insurance which ends after a specified period of time.In addition to a death...
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A medical exam is part of the life insurance underwriting process, and it can...
Summary List PlacementTraditional life insurance policies include a medical exam as part of the underwriting process.The medical exam is paid for by the insurance company and includes a blood and...
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5 steps to make sure you have enough homeowners insurance coverage
Summary List PlacementReview your current homeowners insurance policy at the beginning of the year and evaluate if you need more coverage.It's also a good time to winterize your home to avoid...
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Sixth Street just inked its second insurance deal of 2021, showcasing private...
Summary List PlacementInvestment firm Sixth Street Partners has agreed to buy the insurance company Talcott Resolution for $2 billion, the latest sign that the private-equity industry is licking its...
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Survivorship life insurance is a joint policy for couples, and it could make...
Summary List PlacementSurvivorship life insurance is a joint policy for couples, and it doesn't pay until both people die.A survivorship life insurance policy could make sense if there is an age...
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Married couples have two options when it comes to life insurance: joint or...
Summary List PlacementWhether you are married or in a domestic partnership, there are two main options for life insurance.Individual life insurance, where you each get your own policy, works for most...
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A 'return of premium' rider offers a refund if you outlive your term life...
Summary List PlacementReturn of premium is an optional add-on feature for term life insurance policies.If you outlive your term life insurance policy, return of premium offers some or all of your money...
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Most life insurance policies require a urine test, and it can lower the...
Summary List PlacementTraditional life insurance require include a medical exam that includes a blood and urine test.A urine test reveals if you use drugs or nicotine, and shows whether other health...
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Why you should consider flood insurance, even if you don't live in a...
Summary List PlacementFlood insurance is not included in standard homeowners insurance policies.You're only legally required to have flood insurance in a high-risk flood zone, but the majority of...
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Cash surrender value is the money you'll receive if you cancel permanent life...
Summary List PlacementPermanent life insurance policies have a cash value, in addition to a death benefit.If you cancel a permanent life insurance policy, you receive the cash value, less any fees or...
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Term life insurance is cheaper than a permanent policy, but it doesn't...
Summary List PlacementTerm life insurance does not have cash value, which is why it's more affordable than permanent life insurance.Permanent life insurance policies have a cash value component that...
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You can take a loan on life insurance, but only with certain policies
Summary List PlacementPermanent life insurance policies have a cash value, in addition to a death benefit.You can take a loan against the cash value of your permanent life insurance policy.If you...
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You can buy insurance on someone else, but being family isn't enough to qualify
Summary List PlacementBeing related to a person isn't enough to get life insurance on them.You need to show that you have an insurable interest in their lives, meaning you'll suffer financially if...
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There are 3 main types of permanent life insurance, and they each grow value...
Summary List PlacementAll permanent life insurance lasts forever and has a cash value, but there are three main varieties.Whole life insurance has a guaranteed premium rate over the lifetime of the...
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