Time for some life insurance spring cleaning

spring-cleaning

Take the time to do some spring cleaning
where your life insurance policies are concerned.

With the arrival of spring comes the urge to clear out clutter, clean the windows and dust off the cobwebs of every corner of your home. This would also be a great opportunity to dust off your life insurance policies to make sure you have adequate coverage at the most competitive rates. Read More

Applying for life insurance? Here’s what to expect

measuring-blood-pressure

A life insurance application may require an exam.

You’ve completed and signed an application for life insurance; what happens next? Depending on the amount of life insurance you apply for, you may be asked to provide medical information as part of the underwriting process or to submit to a medical exam. Underwriting for life insurance is often perceived as a daunting experience, but it doesn’t have to be.
Read More

How much life insurance do I need?

meet-life-agent

Your agent can use software to help you determine how much life insurance you need.

Once you have decided to purchase life insurance, the next question to answer is how much to purchase.

Some people select coverage based on an arbitrary amount: $100,000 or $200,000. Others purchase enough to pay off a home mortgage or other major bill. And some stick to the tried-and-true measure of 10 times salary.

But there are other methods to consider. You can complete a fact finder/needs list or use a life insurance calculator. Read More

Getting the most from your life insurance

father-reading-to-daughter

Review your life insurance periodically to assure you have the coverage you need.

You had a plan and you did the right thing: You purchased a life insurance policy to protect your family. But things have changed since you took out that universal life insurance policy, and it may be time for you to pull your policy out of your files and review where it stands.

Your universal life insurance policy (UL) is a form of permanent life insurance that also has an investment component. A portion of each premium you pay helps build a tax-deferred cash value and earns the current interest rate. Read More