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 the insured person’s beneficiaries’ needs are catered for even after […]
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 for a couple of reasons. However, the main one is […]
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 good a thing as one might initially think. One thing […]
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, then, to see how people think of life insurance. Here […]
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, reduces money taken from your estate for any debts, and […]
What’s the difference between a man and a whole life policy?
Top 5 Reasons You Shouldn’t Get Life Insurance
I’m not going to die anytime soon. You eat right and exercise five days a week; fit as a fiddle! Thing is though, life happens. Not to get morbid, but there could be a sudden illness or accident that doesn’t care if you run a 5K and eat oatmeal for breakfast every morning. It’s not […]
What is the average cost of life insurance?
A common question we get here at ALLCHOICE Insurance is this: What is the average cost of a life insurance policy? The simple answer is that there is no average cost of life insurance. So why is this? There are a lot of factors that go into figuring out a monthly premium when it comes […]
5 Misconceptions About Life Insurance
Life insurance is something that everyone should have, but many people don’t quite understand. In honor of Life Insurance Awareness Month, let’s take a look at some common misconceptions about life insurance. I don’t need life insurance because I don’t have dependents. Even if you don’t have kids, you should have enough life insurance to […]
The History of Life Insurance
You probably think of life insurance as a relatively recent thing, maybe originating in the last hundred years or so. The roots of life insurance, however, go back to the time of Ancient Rome. Around 100 BC, a Roman general named Caius Marius came up with a “burial club” for his soldiers. Believing that improper […]