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What You Need to Know About Riders

Posted by Bill Bruce on September 24, 2020

Different types of life insurance are designed for different purposes, such as to replace the income of a breadwinner, pay off debt, or cover final expenses. Often, it’s useful to have a combination of benefits that aren’t necessarily packaged together in a single policy. Riders are provisions that add or modify the benefits of an insurance product, shaping it to more closely fit the needs of the individual policyholder. 

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Topics: Life Insurance, Whole Life Insurance, Riders

10 Reasons to Consider Life Insurance Pt 2: Family Needs & Health Risks

Posted by Bill Bruce on September 10, 2020

In this two-part series, we’re looking at ten factors that play into determining when to purchase life insurance and how much coverage you need. Life insurance helps protect your loved ones from financial hardship in the event of your death. While your age, relationships, and overall health will guide your choice of life insurance products, even young, single, healthy people can benefit from carrying some type of life insurance. Here are five health- and family-related factors to consider as you make your decision about when and how much to buy. 

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Topics: Life Insurance

10 Reasons to Consider Life Insurance - Part 1: Finances

Posted by Bill Bruce on September 3, 2020

Determining the right time to buy life insurance and how much to purchase can be a complicated process. Adding to this complexity is the tendency to avoid thinking about death, which makes it easy to miss signs that your life insurance needs are changing. Tackling the topic early on, however, is the best way to get the coverage you need to protect your loved ones at a price you can afford. There are many reasons to purchase a life insurance policy. In this two-part series, we’ll look at ten of them to help you assess your life insurance needs.

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Topics: Life Insurance

The Ins and Outs of Underwriting for Life Insurance

Posted by Bill Bruce on August 13, 2020

Life insurance policies are subject to varying levels of underwriting. Underwriting is the process of evaluating the risk that the insurance company would take on if it were to approve an applicant for a particular policy. Some policies require extensive evaluation of risk factors, including a medical exam and lab work, while others are available without any such evaluation. The level of underwriting a policy requires affects its cost, coverage amount, and how long it will take before the policy can go into effect. There are three basic underwriting options: ...

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Topics: Life Insurance

Help! I Can't Keep Up with My Life Insurance Premiums!

Posted by Bill Bruce on February 13, 2020

If you find yourself struggling to meet your monthly life insurance premiums, you have options. The last thing you want to do is simply stop paying and lose all the benefits you’ve been paying for since the time you first purchased your policy. If you have accumulated cash value in your whole life policy, this can be the tool you need to get yourself out of a tight financial spot.

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Topics: Life Insurance

5 Things You Should Know If You’re Considering Whole Life Insurance

Posted by Bill Bruce on December 11, 2019

When you’re shopping for life insurance, you have a lot of choices. Whole life insurance can be an attractive option because it can build cash value and it never expires. If you’re considering buying a whole life policy, read this first. These are some fundamental things you should understand about whole life insurance before you buy. 

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Topics: Life Insurance, Whole Life Insurance