Can life insurance beneficiary be changed after death?

24 April 2024 Category: Life Insurance

Life Insurance Beneficiary Changes After Death: Is It Possible?

Life insurance provides financial security for loved ones after the policyholder’s death by paying out a death benefit to the designated beneficiaries. However, circumstances may arise where the need to change beneficiaries arises after the policyholder’s passing. In this blog, we’ll explore whether it’s possible to make beneficiary changes to a life insurance policy after the insured’s death and the steps involved in the process. Understanding Life Insurance Beneficiaries Before delving into the beneficiary changes, it’s crucial to understand the role of beneficiaries in a life insurance policy. Beneficiaries are […]
Buying life insurance with pre medical condition

28 February 2024 Category: Life Insurance

A Comprehensive Guide to Purchasing Life Insurance with Pre-Existing Medical Conditions

Securing life insurance is a vital step in providing financial protection for your loved ones. However, individuals with pre-existing medical conditions often face challenges in obtaining life insurance coverage. In this comprehensive guide, we’ll navigate the complexities of purchasing life insurance with pre-existing medical conditions, providing insights and strategies to help you make informed decisions. Understanding Pre-Existing Medical Conditions Pre-existing medical conditions encompass a wide range of health issues, from chronic illnesses like diabetes and hypertension to more acute conditions such as cancer or heart disease. Insurers assess the risk […]
Reasons for requirement of life insurance for stay-at-home parent

27 September 2023 Category: Life Insurance

7 Reasons to Get Life Insurance for Stay-at-Home Parents

Life is full of uncertainties, and while no one likes to think about worst-case scenarios, preparing for them is a responsible and crucial step. Prevention is better than cure! When we talk about life insurance, the main idea is to protect the life of the breadwinner of a family. However, the role of stay-at-home parents is just as valuable, and they, too, need to consider life insurance as an essential part of their financial planning. Here are seven reasons to help you understand the importance of life insurance for stay-at-home […]
Importance of social security number in life insurance

30 August 2023 Category: Life Insurance

Understanding the Vitality of Your Social Security Number in Life Insurance

In the realm of life insurance, there are several essential pieces of information that insurers require to evaluate an applicant’s eligibility and risk profile. Among these details, the Social Security number (SSN) is a crucial identifier that plays a significant role in the life insurance application process. While some individuals may question the necessity of providing their SSN, understanding the reasons behind its requirement can help alleviate concerns and highlight its vital role in securing your future financial protection. Unique Identification Your Social Security number serves as a unique identifier […]
Which one to choose between term and whole life insurance

5 April 2023 Category: Life Insurance

Term vs. Whole Life Insurance: Which One Should You Choose?

When it comes to insurance, there are two main types of policies available: term life insurance and whole life insurance. While they both offer protection to policyholders, they differ significantly in terms of cost, coverage, and structure. In this blog, we will dive deep into the details of both. What Is the Difference Between Term and Whole Life Insurance? Term life insurance provides coverage for a set period, usually between 10 and 30 years, and pays a death benefit if the insured person dies during that period. Whole life insurance, […]
Does life insurance pay for funeral expenses

15 March 2023 Category: Life Insurance

Will My Life Insurance Reimburse Funeral Costs?

It’s hard to think about how your family is taken care of financially after your demise and who will cover your funeral costs. This is where you will think about your life insurance and whether or not it covers your funeral costs. Let’s discuss it. Does Life Insurance Cover Funeral Costs? Yes, life insurance can cover funeral costs. Life insurance pays out a lump sum to the beneficiaries when the policyholder passes away. Your family can use this money to cover your funeral costs and any other expenses they may […]
Importance of child life insurance

14 December 2022 Category: Life Insurance

5 Reasons Why Child Life Insurance Is Essential

Most parents think getting their child an insurance policy may not be as fruitful as investing in an FD for their future. However, that is not really the case. There are numerous benefits to getting your child a life insurance policy, one of which may end up granting you necessary financial aid for your child’s future pursuits, such as paying for education or a wedding. Let’s examine why purchasing life insurance for your child is essential. Reasons You Should Get a Life Insurance for Your Child In Case of Loss […]
life insurance with disability

28 September 2022 Category: Life Insurance

Important Insights on Qualifying for Life Insurance with a Disability

According to CDC, one in four adults in the US has a disability.  Compared to normal individuals, disabled people might prioritize having life insurance to provide their families with a financially independent life. However, buying life insurance with physical impairments can be challenging because insurers see those applicants as riskier. Fortunately, you may still be eligible for life insurance, even with a disability, under some conditions. Let us discuss them. Who Can Qualify for Life Insurance with a Disability? Disability-specific term insurance can cover people with impairments. Many prominent insurance […]
life insurance myths

10 August 2022 Category: Life Insurance

6 Myths About Buying Life Insurance You Should Know

When purchasing life insurance, there are many myths and misunderstandings. For example, you may believe that life insurance is prohibitively expensive or that you only require it as you age. Many individuals are unaware of how helpful life insurance may be because it is not required by law, unlike auto insurance. However, regardless of age, income, or dependents, practically everyone may gain from getting some sort of life insurance. Here are the six most common misconceptions about life insurance policies: Life Insurance Is Expensive The cost of life insurance is […]
What Life Insurance Is Best For Self-Employed People?

25 May 2022 Category: Life Insurance

What Life Insurance Is Best For Self-Employed People?

Everyone at some point in their lives wants to be a boss. You get to control your work hours, set your work rules, and make decisions on your own. If you work for yourself, you should also take care of yourself. For traditional corporate workers, this is easy. They can either get one through their workplace or on their own. Seeing as their income is fixed. But when you are self-employed, your income is flexible. Knowing the coverage you need may be tricky. So, how do self-employed people get life […]