Category Archives: Life Insurance

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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Health Conditions that Will Impact Your Life Insurance Premiums

There is good news and bad news when it comes to the monthly premiums of your term life insurance. The good news is, your monthly premiums will be determined by your current state of health; the bad news is, your monthly premiums will be determined by your current state of health. Why is that both good news and bad news? Well, it’s good news because there are many aspects of … 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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Is Estate Planning Only for the Rich?

Estate planning has come to be associated with people who are exceedingly rich, causing middle and upper-class citizens to have the mindset of, “I’m not rich, why do I need an estate plan?” As we previously wrote, celebrities certainly need estate plans, and when they fail to have them, the costs are high. However, even if you don’t have the wealth and assets of a celebrity, you should still have … Read More

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Do College Students and Recent Graduates Need Life Insurance?

There are a number of reasons why college students and recent graduates don’t usually think about buying life insurance. First of all, thinking about life insurance forces them to confront scenarios that they would probably rather avoid! Second, college students and graduates often don’t have a lot of money, and would rather spend whatever money they do have on rent, paying off student loans and recreational activities. And third, college students are young! … Read More

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