1. How Much Life Insurance Should You Have?

    Dad with FamilyJust as no two people are alike, life insurance has no one-size-fits-all formula for the amount of coverage one should have. The type of life insurance and amount of coverage you should choose are based on such factors as your income, number of dependents, any existing coverage that you may have, and future anticipated expenses that your family may incur, such as college tuition or home mortgage amount. It’s therefore important to carefully select a life insurance policy and coverage amount to help ensure that you have adequate coverage should something happen to you.

     

     

     

    Here are some considerations for choosing your coverage:

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  2. Life Insurance Glossary: Defining the Two Basic Kinds

    Multi-Generational FamilyAs a parent or grandparent, you know the importance of preparing for your family’s financial future. You know that it’s equally important to take steps to ensure that your family is financially protected, even if you were no longer around. You may know that you need life insurance, but with so many options to choose from, it can be challenging to decide which kind is right for you.

  3. How to Shop for Life Insurance

    Mother and daughter shopping onlineThirty percent of U.S. households have no life insurance, according to a 2013 study by the Life Insurance and Market Research Association. Yet more than half of U.S. households reported that they needed more life insurance. So why don’t more families buy insurance?

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  4. The Pros and Cons of Term Life and Whole Life Insurance

    Mother Giving Children Piggyback RideAs a parent or grandparent, choosing the right kind of insurance for your family’s needs is an important part of preparing for the future. There’s a feeling of security in knowing that you have enough coverage to provide your beneficiaries with adequate benefits.

    Two common kinds of life insurance – term life and whole life – have advantages and disadvantages. Read on to gain insight into how each kind works.

  5. Why Life Insurance? What Every Parent Should Know

    Mother, Daughter and SonWhen you become a parent, you want nothing more than to protect your children from harm. Unfortunately, you can’t anticipate every obstacle your children will encounter, including the possibility of your death. By having an appropriate life insurance policy, you can help ensure that your children have a financial safety net should something happen to you.