If you’re thinking about surrendering your life insurance policy for the cash value, it’s important to know all the facts. There are times when you may desire the cash value of your policy instead of the coverage, such as when you no longer need the coverage it provides. Surrendering your life insurance policy means exchanging [...]

With many of us shopping for life insurance, as well as other insurances, we often wonder why some life insurance companies are more expensive than others. There are several reasons for this. The insurance company may have had many loss experiences at one time, for instance fires or storms. The return on the company’s investments [...]

We all know that smoking can affect your life insurance in many different ways. It could raise your premium rates, and even make it harder for some life insurance companies to insure you. Some people get the wrong idea and want to try and trick their life insurance company in attempts to get a lower [...]

If you’ve ever worried about having your life insurance disappear because of your insurance company going bankrupt, you don’t have to. When an insurance company goes bankrupt, it’s not bankrupt in the normal sense you might think of. All the policies get transferred to another licensed insurance company, and usually no coverage is sacrificed. The [...]

You may have at one point been wondering why there is a life insurance plan offered for children. They do not usually contribute financially to the family, so why would there be any purpose to get a life insurance policy on a child? Well, there are many different reasons why it is a good idea [...]

Being the policyholder of a life insurance policy, it’s important to think about how your beneficiaries are going to use the benefits you leave behind. You never want to think about death, but in some cases it’s important to properly plan for the future. If you want your beneficiaries to spend their benefits in a [...]

Normally a life insurance company will not check medical records after a death unless they have a good reason to do so. There is a cost for the insurance company to check medical records so they would not want to spend money to check records unless they suspected something was not right. When they do [...]

You may have wondered at one point what would happen to a life insurance policy if the cause of death is suicide. Well in almost every single policy there is an exclusion that states the policy will not be paid out if suicide is committed in the first two years. There are however still some [...]

When you take out a life insurance policy, the person that will be insured must know about it. It is illegal to take out a life insurance policy on someone without their permission or knowledge. There are just so many reasons why it is not a good idea, and if you are caught then there [...]

When you have a life insurance policy, one of the most important things is to make sure that all of the named beneficiaries know that they are beneficiaries. It happens too often, someone has a life insurance policy and upon death, the beneficiary does not know the policy was ever taken out. There is over [...]