Employer-Provided Life Insurance: What You Need to Know
Posted: November 7, 2021
Employer-Provided Life Insurance: What You Need to KnowLife insurance is a popular feature of employee benefits packages. Many employers provide basic group life free of charge to their employees. More Americans have workplace plans than individual life insurance plans, as reported in a NerdWallet article. If your employer offers free or low-cost basic group life, there is no reason not to accept it. Enrollment is automatic in some cases. Although it is a...
Standard vs. Hybrid Life Insurance: Which Is Better?
Posted: October 22, 2021
Standard vs. Hybrid Life Insurance: Which Is Better?Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...
3 Types of Living Benefits for Life Insurance
Posted: September 7, 2021
3 Types of Living Benefits for Life InsuranceLife insurance is mainly designed to pay out death benefits to beneficiaries. But some life insurance policies also provide living benefits for policyholders. The following are three types of life insurance living benefits. Accelerated Death Benefits Most life insurance policies contain a provision known as Accelerated Death Benefit (ADB). It allows the policyholder to receive a portion of the life insurance money while he or...
Starting a Family? Consider These Types of Life Insurance
Posted: August 22, 2021
Starting a Family? Consider These Types of Life InsuranceWhen you have children, it is more important than ever to have life insurance. You want to provide for them in case something should happen to you. Death benefits from a life insurance policy could cover the mortgage payments, pay for your child’s college education, and help support your family. What Are the Different Types of Life Insurance? The two main types of life insurance...