“Saving Your Age” Can Save You Money on Life Insurance
As most people know, your age has a lot to do with how much you pay for life insurance. But you CAN use your age to your advantage in getting a better rate. To find out more “saving your age” on your policy. For purposes of pricing their policies, term life insurance companies use one…
What Is Breach of Utmost Good Faith?
When it comes to buying life insurance, honesty is the best policy. A “breach of utmost good faith” to your carrier can have catastrophic consequences to your coverage. To find out more, read on. Insurance, like most contracts between consumers and a business, is built on trust. A common law principle, “utmost good faith,” is…
[VIDEO] 5 Things You Didn’t Know About Life Insurance Underwriting
Whether you’re in the midst of the underwriting process or simply considering purchasing a life insurance policy, there are 5 facts you should know about life insurance underwriting. But if you have only one take-away from this it’s, don’t lie. Be upfront and honest because the consequences can be severe – including your family being…
Buying Life Insurance the Right Way
Buying life insurance can be scary. Especially if you’ve never done it before. Here are some quick tips to help you make smarter policy decisions. [Editor’s Note: This blog was originally published on August 19, 2013. The content has been updated.] Today, many families don’t have life insurance or don’t have enough and some think…
The Do’s and Don’ts of Buying Life Insurance
Buying Life Insurance? Use this list to prepare for a meeting with your agent, or look through it for new information to help tailor a policy to your needs. [Editor’s Note: This blog was originally published on August 2, 2013. The content has been updated.] Below are some “do’s” and “don’ts” to think about when…
Choosing the Best Life Insurance Agent
Having trouble choosing a life insurance agent? [Editor’s Note: This blog was originally published on August 8, 2013. The content has been updated.] Investopedia, the layman’s go-to source for explanations on finance related questions, has an interesting article on qualities that a good life insurance agent ought to have. It’s a great indicator of values,…
Can You Get Life Insurance if You’ve Been in Jail?
Think you can get life insurance with a “get out of jail” card? Can having been in jail be a barrier to getting coverage? Can you apply for life insurance in jail? Read on and find out. [Editor’s Note: This post was originally published on December 8, 2009, and has been completely revamped and updated.]…
Honesty is the Best Policy When Buying Life Insurance
As they say, “Honesty is the best policy.” This is especially true when it comes to buying life insurance. The cost of lying on your life insurance application could prove catastrophic for your loved ones down the road. Let’s face it. People exaggerate on occasion. Sometimes they lie about their age. Or their weight. Or…
Buying Life Insurance Easier Than Getting to the Final Four
This Tuesday starts the annual, time-honored NCAA Basketball Tournament, known as “March Madness.” In the Division 1 Men’s tourney, 68 teams will vie for this prized championship trophy. For the next few weeks, hundreds of college athletes from all across America will fight to make it to the Final Four on April 1st (and they…
3 Easy Ways to Lower Life Insurance Premiums
Think life insurance rates are too high? Follow these tips to lower life insurance premiums. Get healthy! It’s the easiest way to get significant reductions in life insurance premiums, but perhaps the hardest. What lifestyle changes can you make in order to get cheaper life insurance premiums? For starters, quit smoking if you currently smoke. Smoker…
