Disability insuranceis for anyone who works.Do you have a job and depend on your paycheck? Then you probably need disability insurance. It’s really as simple as that. Whether you’re a salaried or...
Americans can no longer make excuses for why they haven’t purchased life insurance. According to the 2021 Insurance Barometer Study, those who are uninsured appear to want more convenience in the life insurance process, citing that they haven’t been approached about it (46%), it isn’t offered through their employer (42%), and they haven’t gotten around to it (62%) as reasons they don’t have coverage.
The 2021 Insurance Barometer Study, by Life Happens and LIMRA, shows that while myths around life insurance persist, COVID-19 has shown people that they have a clear need for life insurance, with the industry making it easier than ever before to obtain coverage.
Life insurance from your employer is a valued benefit for millions of American workers. Employer life insurance is a form of group life insurance that’s offered to you and your coworkers. It’s...
The cost of long-term care insurance depends on several factors. They include: Your age. You'll typically get a better rate the younger you are. This is why insurance professionals recommend that...
There is no way to know for certain if you will need long-term care at some point in your life. But it’s quite likely considering that people are living longer than ever. The facts also point to the...
First, it’s worth reviewing a long-term insurance definition. Long-term care insurance is coverage that pays for care either in your home or in a specialized facility should you develop a health...
Long-Term Care Insurance 101Did you know that neither your health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future? If you...
Disability Insurance 101Think about it. What would happen if suddenly, due to an illness or injury, you were unable to work? The ability to earn a living is far and away most people's largest...
Over the past decade, U.S. life insurance ownership has fallen 9 percentage points to 54%, according to the 2020 Insurance Barometer Study. Researchers attribute the drop in ownership to a broad decline in employer-paid group life insurance benefits over the past 10 years.
At age 10, Hannah Schwartz, lost her mother. With no life insurance, her family was left scrambling to find a way to pay for funeral costs and everyday expenses. Hannah and her father know firsthand what not having life insurance means.
What happens if I’m denied life insurance?If you’re denied life insurance, take comfort in the fact that you’re not alone—and that there are options. People are typically denied life insurance...
Life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture. Some of the most common immediate and everyday expenses...
Life insurance is absolutely essential if there’s someone you care about who would suffer if you and your financial contributions were no longer in the picture. This could include a spouse,...
Life Insurance 101No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. Getting life insurance doesn’t have to be hard (or...
Like other aspects of your financial well-being, you don’t want to take a “set it and forget it” approach to your life insurance policy. As a general rule of thumb, it’s a good idea to review your...
The process for how to get life insurance starts by filling out a life insurance application. From there, your application will undergo a process called underwriting. This is when a life insurance...
Who can be a life insurance beneficiary?Every life insurance policy requires you to name a life insurance beneficiary. A beneficiary definition is simply who gets the payout on the life insurance...
How much life insurance do I need?Everybody needs a different amount of life insurance based on their individual situation. But it basically comes down to how much money your loved ones would need...
What is the average life insurance cost?The average life insurance cost is a tricky thing to pin down because it depends on several different factors. The most important ones that go into the price...