Insurance, no matter what kind, is designed to provide you and your family with some financial protection in case tragedy strikes. Getting insurance involves a whole process, taking up both time and money. After paying years of premiums, the expectation is that the insurance company will take care of you in your time of need. In some cases, getting remarried can cause serious problems with insurance. You might not be as protected as you think you are. Is your spouse in the military? There is an insurance plan called the Survivor Benefit Plan that is a program of the Department … Continue reading →

Let’s say you’ve already gone ahead and done the responsible thing: you got a life insurance policy for yourself and one for your spouse as well. Great! Or, let’s say you are considering getting life insurance, but haven’t quite gotten around to it yet. Either way, you will need to figure out how much life insurance you really need to purchase. Life insurance is designed to provide financial assistance to your family after you pass away. One of the most immediate needs is for the life insurance policy to pay for the costs associated with your funeral, as well as … Continue reading →

If you find yourself absolutely in dire straits, it is possible to “cash in” a life insurance policy. Doing so will, in effect, cancel that life insurance policy. It also will give you access to the money that is locked up in the policy. This is a “point of no return” kind of decision, but it may be helpful, in certain circumstances. There also may be the potential for you to take out a loan on the life insurance policy. Considering the time, money, and effort that goes into getting approved for a life insurance policy, it seems kind of … Continue reading →

My husband and I were approved for individual life insurance policies very recently. There were a lot of steps involved in the process, and it took a lot longer than I expected it would to go from signing the policy to official approval. Now that we have completed everything, and been approved, it seems that there is one little thing left to do. Each of us received a survey to fill out, regarding our life insurance policies. I did not expect that anyone wanted written, detailed, feedback about what we thought about the process involved in getting our life insurance … Continue reading →

How long have you had your life insurance policy? If you, or your spouse, has had a life insurance policy for less than two years, you might not be as covered as you have been lead to believe. Did you know that insurance companies are allowed limitless rescissions for the first two years of a life insurance policy? It’s not something they advertise. My husband and I finally got our life insurance policies just a few weeks ago. We have been paying the premiums each and every month, including the month that we were waiting for all the paperwork to … Continue reading →

I’ve always heard it said that getting approved for health insurance is difficult, while getting approved for life insurance is relatively easy. I’m not sure what to think about that. In my experience, this adage seems to be true. My husband and I haven’t been able to find affordable health insurance, but we did get approved for life insurance. A giant packet of approval arrived in the mail yesterday. There were two large, fat, envelopes waiting for me in the mailbox. These were the definitive signs that both me, and my husband, had been officially approved for our life insurance … Continue reading →

My husband and I have been going through the stages and steps that are required in order to get approved for a life insurance policy. Today, we learned that each of us, individually, was, in fact, approved. It has been a long time since the whole process started. It is finally over, and we can feel a little more secure now that we both have the life insurance policies we have been trying for months to get. How did we manage that? I will explain the process. We started this process back in September. My husband and I went to … Continue reading →

It is important that you and your spouse each have a life insurance policy. This kind of insurance provides financial protection in case the worst happens, and one of you passes away. Despite it’s importance, many people decide to let their life insurance policy lapse. You really shouldn’t do that! Life insurance is a great way to ensure that there will be enough money to pay for the expenses that arise when you, or your spouse, dies. This kind of insurance policy will help pay for the costs of burial and for the medical bills involved that were not already … Continue reading →