Category Archives: Life Insurance

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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Term Life Insurance Without Medical Exam: Yay or Nay?

When buying term life insurance, you may be faced with the option of a policy that doesn’t require you to take a medical exam. While that may sound appealing, how do you know if this is really a good option for you? Let’s start with the basics: The reason that many life insurance policies, term or permanent, require a medical exam is simple: the insurer wants to assess your life … Read More

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How Long Should A Term Life Insurance Policy Last?

It’s no secret that term life insurance is a much more affordable option than permanent life insurance. But once you’ve made the decision to purchase term life insurance, your next question will probably be:  How long should my policy be?  Policies can range from 1 to 30 years, so how should you decide the length of time for which you need protection? Here are 3 factors for you to consider: … Read More

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