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New & Recently Updated

How Much Life Insurance Should You Have?

Page Reviewed / Updated – May 12, 2022 How much life insurance an individual should have depends on their financial circumstances and goals. One popular rule of thumb is to have a life insurance policy of 10 to 15 times the policyholder’s annual... Read More

How Long Does It Take for Life Insurance Companies To Pay Out?

Page Reviewed / Updated – May 12, 2022 The time it takes for a life insurance company to pay out can be as little as two weeks or as long as two months, depending on the type of policy and how the policyholder died. Life insurance policies can give families... Read More

What Are the Pros and Cons of Selling Your Life Insurance Policy?

Page Reviewed / Updated – May 12, 2022 Selling a life insurance policy can make sense for someone who has sufficient assets to ensure their loved ones are well cared for after their death and who no longer wants to make life insurance payments. However, the... Read More

What are Life Insurance Living Benefits?

Page Reviewed / Updated – May 12, 2022 If a policyholder is diagnosed with a terminal illness, life insurance living benefits, also known as accelerated death benefit riders, permit them to withdraw a portion of their funds prior to death. Some life... Read More

Can You Have Multiple Life Insurance Policies?

Page Reviewed / Updated – May 12, 2022 Yes, technically there’s no rule or law that prevents seniors from obtaining more than one life insurance policy. Many people choose to apply for and secure multiple life insurance policies to protect themselves... Read More