Life Insurance

your insurance payouts may not be claimed

5 Situations Your Death Benefit May Not Be Claimed

Following the premature death of a life insurance policyholder, payouts may occasionally go unclaimed. So why does this happen and what you can do to prevent them from happening with your policy?  1. The absence of the original life insurer  There may be a change in the name of the life insurance company that sold the original life insurance policy. This …

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life insurance for a smoker

Life Insurance for a Smoker: Does smoking void a life insurance policy?

Smoking, as you all know, is harmful to your health. However, were you mindful of its impact on the cost of your life insurance if you are a smoker?  This is a key factor that life insurers use when underwriting your life insurance policy.  So, in this article, we provide you with a guide that …

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does life insurance pay for suicidal death

Does life insurance pay for suicidal death?

Generally speaking, life insurers pay out to beneficiaries almost every time. We use the word “almost” here because there are some uncommon situations where life insurance will not be given out.   One of the most significant circumstances that we are referring to is suicidal death. Suicidal death may be excluded based on the terms and conditions …

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life insurance with no beneficiary

What Happens to Life Insurance With No Beneficiary?

As we know life insurance plans are designed to pay to beneficiaries in the event of the death of the policy holder. But what happens if there is no beneficiary appointed to the plan?  This article will delve into what happens to life insurance with no beneficiary.  What happens in the event of the death of your only beneficiary?  In …

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what does level refer to in leve

What does level refer to in level term insurance?

The word “level” in the phrase “level term insurance” means that this type of insurance has a fixed premium and face amount (death benefit) throughout the life of the policy.  Simply put, when people talk about term life insurance, they typically refer to level term life insurance.   For the majority of people, it is the simplest and most …

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FAQs about term life insurance

Frequently Asked Questions (FAQs) about Term Life Insurance

Our clients ask us often regarding term life insurance.  Here are the most common questions that they share:     1. Are term life insurance premiums fixed?  You might have the question “are term life insurance rates locked in?” in your mind when buying term life insurance. The answer to this question is “yes, they are.”   Purchasing a term life insurance plan when …

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how to save money on term life insurance

How to save money on term life insurance premiums

Here we have put together some practical tips on how to save money on term life insurance.  1. Review the Life Insurance Market Fully  As a rule of thumb, always review the life insurance market fully before setting up your individual term life insurance coverage or renewing each term.  Over the past 12 months, there have been …

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