Term life insurance comes in a wide range of terms (years). Deciding how long your term life policy should take some careful planning and consideration. Here is what you need to know. When you decide to buy term life insurance, you have two fundamental decisions to...
Once your term life insurance expires, you have no coverage. You can do something about it. We will show you what to do to stay covered. SUMMARY Term life insurance expires because it is designed to provide coverage for a specific period of time – usually 10,...
A life insurance beneficiary is the person or entity that will receive the proceeds of your life insurance when you die. How do you choose your beneficiary? Designating the beneficiary is one of the most important decisions you need to make when buying a life...
SUMMARY Term life insurance has a set end date, unlike permanent, or whole, life insurance, which provides coverage for life and can build cash value over time. Most people choose term life insurance for its affordability and flexibility, and it is a great option if...
Key Takeaways: Most life insurance companies view smokers as a high-risk group. When you smoke, you are significantly increasing your risk of dying prematurely. That means that the insurance company is likely to have to pay out a death benefit much sooner than if you...
In Canada, funeral costs can range from a modest $5,000 to over $15,000. One of the most important things to keep in mind is how your policy can be used to cover these costs. Final expense insurance can also help with other expenses related to your death, such as...
