January 21, 2008

Why do I need to buy life insurance?

If someone depends on you financially, the likelihood is that you need life insurance. Its is easy and quick to purchase a no exam term life insurance policy. Life insurance provides cash to your family after you die. The money your beneficiary receives can be an important financial resource. It can help cover daily [...]

December 18, 2007

Life Insurance | What Happens After I Die?

If you do not sell your life insurance policy, and you should die, the beneficiary you named on your policy must file a claim to collect the death benefit. The insurance company has 60 days to pay the claim or notify the beneficiary.
The beneficiary should get a claim form from the insurance company. The insurance [...]

December 18, 2007

Viatical Life Insurance Settlements

A Viatical Life Insurance settlement is an agreement to sell the ownership of your life insurance policy to another, unrelated person, who then becomes both the owner and beneficiary of the policy.

December 13, 2007

What is a life insurance policy?

Life Insurance is a contract between the policy owner and the insurer. The insurer agrees to pay a sum of money in the event of the policy holders death to the designated Beneficiary.
A Life Insurance Policy is based upon life of the person named in the policy. The policy is paid out when the following [...]

December 11, 2007

What is Term Life Insurance?

Term Life Insurance is a policy that must be renewed annually and is considered to be a pure insurance protection.