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If unexpected expenses come up and you can’t pay your life insurance premium, you should know the possible consequences. The effect depends on the type of policy and coverage you…

Locating life insurance documents for a deceased relative can be a daunting task. However, with a little sleuthing, you can successfully navigate the paper trail. Here are some strategies to…

Unclaimed life insurance policies are a rare, and preventable, problem Clear communication is important when it comes to your life insurance policy. Life insurance policyholders should inform their primary beneficiaries,…

5 reasons your life insurance benefits might go unclaimed Sometimes life insurance benefits are left unclaimed after a policyholder dies. This is an unfortunate problem under any circumstances, but especially…

To begin the claims process: Get several copies of the death certificate. Call your insurance agent. He or she can help you fill out the necessary forms and act as…

In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance…

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person Two or more people The trustee…

10 reasons to own life insurance after your kids have left home There are several reasons to continue having a life insurance policy even after your children are financially independent.…

Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount…

Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations: Replace income for dependents. If people…

The main reason for buying life insurance on anyone’s life is to replace income “lost” or pay for expenses caused by the death of the insured person. If your child…

There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life,…

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies…

When you’re considering buying life insurance, it’s important to choose an agent or broker who can help you. Buying life insurance can be complicated or confusing. The key to buying…

You can buy life insurance either as an “individual” or as part of a “group” plan. Individual Policy When you buy an individual policy, you choose the company, the plan,…

The annuity business, like the insurance industry itself, is very competitive. There are hundreds of insurers and many different types of products available to you. Before buying an annuity, contact…

Buying the wrong benefits for a low premium does not add up to savings There are ways to save money when buying life insurance, but they don’t always entail paying…

Choosing the right type of life insurance can be confusing, but it’s also an important decision. Here are some guidelines that can help you narrow down your best life insurance…

A permanent life policy provides lifelong insurance protection. The policy pays a death benefit if you die tomorrow or if you live to be a hundred. There is also a…

Whole or ordinary life This is the most common type of permanent insurance policy. It offers a death benefit along with a savings account. If you pick this type of…

How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people,…

Make your home safer—and get insurance discounts, too Burglars won’t find your home an easy target if it’s well lit and features security measures that slow them down. Don’t let…

Don’t let clogged sewers wreak havoc on your home Backed up sewers can cause thousands of dollars in damage to floors, electrical systems, walls, furniture and other belongings. Learn about…

Avoid soggy disasters with these tips Water damage is one of the most common and costliest disasters your home can experience, costing billions of dollars annually. Safeguard your most important…

Ease the stress of a move by making sure your belongings are protected Whether you’re moving locally or out-of-state, on your own or with a moving company, the right insurance…

Get your home ready for freezing weather hazards with these simple tips Ice, snow and wind can have devastating consequences to your home—and to your household budget. Fortunately, there are…

Most dogs are friendly, loving members of the family, but even normally docile dogs may bite when they are frightened or when protecting their puppies, owners or food. According to…

Don’t be a victim of dishonest service providers If your home was destroyed by a hurricane, wildfire or other disaster, be cautious. Unfortunately, there are dishonest service providers that prey…

Understand the implications renting your home to strangers Before you consider renting out your home, your guest room—or even your couch—first contact your insurance professional so you fully understand the…

How to safely store—and best insure—your off-premise stuff Self-storage units can be a good way keep clutter out of your home. And having the right insurance coverage is the best…

Yes. Floods, earthquakes and acts of terrorism are generally not covered. Protection against flood damage Property insurance policies usually exclude coverage for flood damage. Find out from your local government…