Do I Need Life Insurance? The simplest, most concise answer to this question is: maybe. That goes to say that there is no simple, concise answer, as everyone’s situation is different. Below we’ve outlined some common situations in which life insurance is a good fit,...
Will My Beneficiaries Have to Pay Taxes on Life Insurance Proceeds? One of the questions we hear most often regarding Life Insurance is “Are life insurance proceeds taxable when I die?” Generally speaking, the simple answer is no. Life insurance proceeds are not...
Is Life Insurance Worth the Cost? Maybe we should rephrase the question, can you afford not to have life insurance? Deciding why we need life insurance can be a very difficult decision, for many reasons: You’re healthy now, what could possibly go wrong? None of your...
Life Insurance for Seniors: It’s Not Too Late! If you’re over the age of 60, you may be wondering whether it’s too late for you to apply for life insurance. While it is true that premium rates increase as you age, that doesn’t mean that there isn’t an affordable...
What is the difference between Whole Life Insurance and Universal Life Insurance? Our last blog article addressed the differences between Term Life and Whole Life (AKA Permanent) insurance policies. Let’s assume that you’ve decided that Permanent Life Insurance best...
Which is Better Term Life or Whole Life Insurance? Before we dive into what type of Life Insurance is “better” it’s important to remember that Life Insurance is a financial tool, and like any tool, it needs to be suited for the job at hand. Term Life...
