Life Insurance Basics Archives

Life Insurance Basics

40 Year Term Life Insurance Guide

When it comes to term life insurance, the biggest complaints are for the 30-year term limit. A lot of insurance companies only offer term life policies of up to 30 years. This is counterintuitive considering that term life policies have lower rates when compared to permanent policies, so it would only make sense to include…

Life Insurance for 45-Year-Old Male?

Any 45-year-old male can confidently purchase a life insurance policy. However, it is important to understand that life insurance is different for every individual. Oftentimes, your needs determine the type of life insurance policy you need and the amount of coverage that will suit you best. For instance, a 45-year-old man with young kids might…

Life Insurance For a 30-Year-Old, Guide to Coverage

Life insurance is without a doubt one of the biggest financial debates, to buy or to not buy? And when you are in your thirties, you might be torn between whether you need it or not. From buying a new house to starting a family, getting a steady income source or advancing your career, and…

$10,000,000 Dollar Life Insurance, How to Get It and Who Needs It

$10,000,000 in coverage through life insurance policies may seem like a lot. However, depending on your personal situation it may not be as much as you think. Life insurance’s primary focus is the death benefit which allows you to take care of your family well after you are gone. While passing down money and assets…

5 Million Dollar Life Insurance Policy, Why and When to Get it

While the basics of life insurance are not as difficult, it is challenging for a lot of individuals to determine when and why to get it. Your untimely death can leave an ugly financial mess behind that would greatly frustrate your loved ones. A $5 million life insurance policy is not for everyone, but it…

Life Insurance With Chase Bank, Should I Get it?

Compared to other banking institutions in the US, Chase Bank has no competition. It is the largest bank with the highest amount of assets. The Manhattan Company that was founded in 1799 and Chase National Bank that was founded in 1877 together formed Chase Bank. In 1955, the two banks merged. A major international financial…

Life Insurance With Bank of America, is it For me?

Usually abbreviated as BofA, Bank of America is among the largest banks in the United States. When it comes to assets it falls second, right after Chase Bank, and it offers a large selection of financial products. The bank has also managed to establish a significant retail presence throughout the country. It is surprising for…

Does Life Insurance Make Sense After 60?

When younger, it is important to have a life insurance policy in order to protect your loved ones in the event something unexpected happens to you. As you age, you might start wondering if life insurance is important, especially because the kids are grown up and financial obligations are very few. Nonetheless, people’s situations are…

Life Insurance for Doctors and Medical Professionals, What You Need to Know

Just like with other professions, doctors and other medical professionals need life insurance. Professions in this field are some of the highest-salaried for various reasons, and most of these professionals are the breadwinners of their families. As the breadwinner, one of the biggest concerns is how your family would survive in case of your untimely…