Category Archives: Insurance Tips

Tracking Down a Lost Life Insurance Policy

You might think that if your father and mother had a life insurance policy, they would tell you. And most people that buy life insurance do mean to tell their beneficiaries – but sometimes, they just forget. In fact, according to Consumer Reports, there is over $1 billion in unclaimed life insurance money as of 2013. So what do you do if you think that a recently deceased parent or … Read More

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Making Sure Your Life Insurance Policy Pays Out

Making sure your life insurance company pays out is up to you. While every insurance company has its own “exclusions,”  reasons why it wouldn’t need to pay out, these exclusions usually depend on the policy-holder, his activity, his honesty, etc. So if you want to ensure that your loved ones will actually benefit from your policy – the policy you’ve been paying all those years for! – make sure to … Read More

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5 Questions to Ask Before Purchasing Term Life Insurance

There are two main advantages of buying term life insurance as opposed to permanent life insurance: Term life insurance is cheaper, and simpler. However, just because term policies themselves are more straightforward doesn’t mean that you should sign on the first one you are offered. As with any important decision, you should be an informed consumer! Here are five questions that you should ask before purchasing term life insurance: 1. … Read More

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The 3 Questions to Ask That Will Save You Money on Term Life Insurance

Buying term life insurance is less expensive (and less complicated!) than buying permanent life insurance, but even with the lower costs, this is still room to save. By asking your insurance agent a few simple questions before you buy, you can end up with a nice amount of savings. (Remember, even if you save $10 a month, that can really add up over the years!) Here are the 3 questions … Read More

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Avoiding Estate Taxes on Life Insurance

Last week we wrote about the importance of estate planning no matter what financial bracket you fall under. And we mentioned that having an estate plan is especially important if you want to make sure your loved ones get the full benefit of your life insurance. Because even though life insurance is not subject to state and federal taxes, it CAN be included in your estate taxes, which means that … Read More

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