When to Buy Life Insurance: Everything You Need to Know

57 percent of people in the United States hold life insurance policies as of 2019.  As you progress through life’s different stages, your priorities evolve. One thing that doesn’t change, however, is the need to protect against life’s uncertainties. As a result, life insurance is now …

Millennials-Lack-Life-Insurance

Huge Shortfall in Millennial Life Insurance Coverage

New York Life’s 2018 Life Insurance Gap Survey has found that only 10% of Millennials have enough life insurance to cover their needs if they die.  According to the report, the average millennial has only $100,000 in life insurance protection in place when their average …

How Does Life Insurance Work?

Life insurance is a type of insurance that pays a certain amount of money to the beneficiaries of a person the insurance covers following their demise. Alternatively, this payment could be made after the set contractual period is done. This policy works to ensure that …

5 Reasons Life Insurance is Important

In the insurance world, life insurance is perhaps the most important and common types of insurance covers that people take. Seeing as everyone will die at one point or another, it is important to have a life insurance policy coverage. People take life insurance coverage …

Why Your Work’s Life Insurance Policy isn’t Enough

A report last month showed that for the first time ever, more Americans have a life insurance policy from their employer than have individual life insurance. It’s a relatively slim margin- 108 million versus 102 million, and it’s a good thing, but it’s not as …

How People Think About Life Insurance

Everyone knows life insurance is important to have. One never knows when something might happen to them, leaving their loved ones with debt and funeral costs, not to mention a reduction in standard of living if the loss of income is not offset. It’s interesting, …

Who Needs Life Insurance?

As you surely know by now, life insurance is an important safety net for anybody who thinks they might die sometime in their life. (That’s everybody, in case you’re not picking up what we’re laying down here.) It provides a way to pay for any funerary expenses, …