Chronic Illness vs. Long-Term Care (LTC) Riders What do these riders do? They help pay for expenses when you become chronically ill and you meet certain conditions. They’re going to be added to permanent life insurance policies that allow…
Life insurance companies offer a variety of riders or simply policy add-ons to customize your insurance coverage. Some riders come at no additional cost and are built into the policy, while others have an additional cost. Guaranteed Insurability Rider The…
Group life insurance is a great perk for employees of a company, but what happens if you leave or get fired? That’s where portability and conversion come into play. Portability refers to moving or porting your group life insurance policy…
Life insurance companies offer a variety of riders or policy add-ons to customize your insurance coverage. Some come at no additional cost and are built into the policy, while others have an additional cost. Term Rider and Term Conversion often…
Life insurance companies offer a variety of riders or simply policy add-ons to customize your insurance coverage. Some riders come at no additional cost and are built into the policy, while others have an additional cost. AD&D Accidental Death…
Most life insurance policies have a provision called the accelerated death benefit (ADB) for terminal illness. This rider allows you to receive a portion of your life insurance death benefit to use while you’re still living, if you have a…
How do I know if I’m a beneficiary? Beneficiaries will need to file a death claim to receive the payout. You should talk to your loved ones to find out if you’re named as a beneficiary. If you know in…
If you have a life insurance policy, it’s important for you to talk to your loved ones about it’s details. If it’s still in-force at the time of your death, your beneficiaries can submit a claim with the appropriate documents.…
You didn’t pay your life insurance premium. Oops! You changed banks and forgot to update the insurance company or you forgot to send in the check or maybe you just didn’t have sufficient funds in your account. Whatever the…
A paid-up life insurance is a life insurance policy that is paid in full, remains in force, and you don’t have to pay any more premiums. It stays in-force until the insured’s death or if you terminate the policy. Paid-up…