The importance of having Battle Creek life insurance simply can’t be overstated. Insuring your life will help your loved ones pay off any outstanding debts if you unexpectedly die. Whether this involves a mortgage or unsecured loans, this fact gives people the peace of mind in knowing that their dependents will be well looked after. Life insurance can also be used to pay funeral costs, as well as leaving the important people in your life a cash sum with which they can rebuild their lives. ...

Many individuals are overwhelmed by the decisions involved in purchasing life insurance. How much do I buy? When do I buy? How do I buy? But help is available in the form of an independent insurance agent. These professionals are trained to guide you through the process of selecting an appropriate life insurance policy for the needs of your family. And it’s important to do so because approximately 40 percent of Americans admit that they would experience immediate financial trouble if the p...

Allen Harmon Insurance Agent:  Do you own any life insurance? Valued Client: Yes, I have $100,000 through work.  Allen Harmon Insurance Agent: Did you know that you probably don’t own that policy? Usually, life insurance provided at work is owned by the employer, who cancels the coverage when you leave the company.  What happens if you get sick, lose your job, and your life insurance cancels because you aren’t employed anymore? How are you going to replace your life...

How much insurance is enough? It’s a great question, and agents at Allen Harmon Insurance hear it repeatedly from customers.   As agents, we are here to help you secure the coverage you need. To do this, we go through sort of a “checklist” process to understand all aspects of your requirement for coverage. Then we lead you through a process to help you arrive at a decision that is best for you. It is not up to us to decide for you. Independent agents at Allen Harmon...

It’s no secret that life insurance isnt the most pleasant topic on earth. While most of us blanch when someone mentions it, life insurance really should be at the forefront of every adult’s mind. There are lots of excuses out there about how delaying life insurance is okay, but none of them really hold any water—especially if you have a family. Getting life insurance now is the only responsible thing to do to protect those you leave behind. Of course no one wants to talk ...

Being an expectant parent, you probably have an extremely long list of things you need to do before the arrival of your baby. However, you might need to add just one more item to your to-do list. Now that youre bringing a new life into your world, you are going to need to buy life insurance. Why is it so important? Something Could Happen to Either You or Your Spouse With a baby on the way, the last thing youre probably thinking about is something bad happening to either you or your spouse. But...

So youre a single person living alone. You have no dependents. You certainly dont need life insurance, right? Wrong. The fact of the matter is that life insurance can be beneficial to people who are single and have no children. Life insurance, for those of you who dont know, is typically meant to protect an income stream and provide for those who depend on you if you pass away. You can buy two types of life insurance: term life insurance and whole life insurance. Term life insurance will only ...

When most people think of life insurance, they think about the death benefit. The death benefit provides their beneficiaries with a lump sum payment following the death of the insured. However, whole and universal life insurance policies offer owners features they can benefit from now while they are alive. Cover the Cost of Treatment for Terminal Illnesses After the death benefit, many people may consider the accelerated death benefit (ADB) the next major benefit to having a whole or universal...

The investment in life insurance can provide one of the strongest cornerstones for your familys financial well-being. If you’re wondering if you need to invest in it or what the value would be to your family, consider these five ways life insurance can impact the lives of individuals in the long run. #1: Pay for Final Expenses Perhaps one of the hardest parts of losing someone is realizing there is a large amount of money needed to pay for final expenses. Life insurance can help over bur...

Having a life insurance policy is essential. This type of tool is ideal not just because it works to protect your loved ones if you should die suddenly, but because it gives you control over some of your money after your death. Life insurance should not be something you purchase and forget about, though. Rather, it needs to be something you work to maintain and adjust as time goes on. Most important, you need to be sure that your life insurance policy reflects your current life situation correct...

While everyone recognizes the vital role of the family’s main wage earner, few people stop to think about the cost of services performed by the stay-at-home spouse. This includes childcare, looking after the home, preparing meals, and many other time-consuming activities, like carpooling, laundry, and grocery shopping, to name a few! What if something happened to the person who handles all those responsibilities? Often the parent who is left behind is unable to provide the same stable hom...

Most people think of life insurance as a safety net for the families of older adults. The truth is adults of every age should get a life insurance policy. People of all ages die every single day. Young adults with life insurance leave something behind for their loved ones. The Low Cost of Life Insurance for Young Adults One of the best reasons to obtain life insurance at a young age is its low cost. Young adults usually pay low premiums for this important form of insurance. Consider the fo...

Permanent life insurance offers individuals a variety of benefits. One of the key benefits is a tax-deferred benefit. As with all life insurance policies, this coverage pays a death benefit at the time of a persons death. This does not change. However, it can also provide you with some financial support while you are alive. Work with your life insurance agent and estate planner to take advantage of this feature. Many times, individuals do not realize they have this benefit. What Does Tax-Defe...

Life insurance provides a safety net to your dependents. These are individuals who depend on you for financial support. If something happened to you, such as a car accident, and you did not make it, what would happen to your family? You may think they would do okay. They would move on. Yet, if you put aside the emotional component, consider the financials. What would actually happen to your loved ones in this situation? It may be hard to realize and think about. Yet, it is critical to understa...

Older Americans might find it challenging to get enough life insurance. However, with the appropriate approach, many can still find coverage. After initial enrollment, opportunities to get more protection might still arise. How can you expand your options? It may take a extra steps but can prove worthwhile. Understanding Life Insurance Challenges When you carry life insurance, you leave behind a sum of money after your death. It might help survivors get needed cash to cover the void left in th...

Perhaps you heard the saying that age is just a number. When it comes to buying life insurance, that may be the case. People are living longer. Many are looking for ways to create a more extensive estate plan for their loved ones. Still, others are leaving behind a significant amount of debt. Life insurance may be able to help with this. Yet, qualifying for some policies may be difficult. Is it possible to be too old for life insurance? Coverage Sooner Helps Keep Costs Low There is no doub...

When it comes to life insurance, people often consider it to be on a provider-only basis. In many cases, however, the provider of a household’s income isn’t the only provider. Stay-at-home parents need support, too, and life insurance serves such a purpose. Today, about 10.4 million mothers, and two million fathers, live with children younger than 18. These same parents, reports the Pew Research Center, don’t work outside the home. The number of stay-at-home parents is on the ...

It’s an exciting process to buy life insurance. It may not seem like it at first. However, when you realize that you are taking steps to protect your family, it is well worth it. The key is to make this first purchase of life insurance the right one for your family. It’s best to work closely with your agent to compare policy options and plans. Let’s consider a few key areas here. Whole and Term Life Insurance Options The first step is to consider the type of policy for your n...

Life insurance can lapse for many reasons. Whether you forget a payment or can’t afford your premium, there are a few ways to respond regardless of the cause. Quick action is the best way to restore your coverage and move forward after a lapse in life insurance.   What Causes Life Insurance to Lapse?  The main reason that a life insurance policy lapses is due to a lack of payment. Since most people pay for their life insurance policies annually, it’s not hard t...

When you buy life insurance, you invest in a policy that will offer your loved ones financial help after your death. However, while you remain alive, you will have to pay for your coverage. Still, depending on multiple factors, your precise premium cost will vary. What are some of these influencing factors?   Understanding Life Insurance Premiums   In insurance terms, a policyholder’s risks are the likelihood they have of filing a claim on a policy. When they make...

When applying for life insurance, you will be asked to provide information about your medical history and take a physical examination.   If you are not completely truthful about your medical history, you may lose your policy or, when you die, your dependents may be denied benefits. Therefore, it is imperative that you tell the truth throughout this process.   In regards to the examination process, a medical professional hired by the insurance company will typically cond...

With so many insurance providers offering so many types of life insurance policies, it’s no surprise that rumors spread. Many people think life insurance is too expensive or that its coverage is too limited. The best way to bust all of the myths is to talk to an agent who can walk you through the policies that meet your needs; but in the meantime, here are three busted myths about life insurance that may help you when it comes time for making coverage decisions.  Myth #1: Empty nes...

When youre considering the purchase of life insurance, one of the most important things to know is the difference between term life insurance and whole life insurance. This knowledge will help you determine the best coverage for your particular needs.  Term Life Insurance   Term life insurance will protect you for a specific period of time, such as 10, 15 or 20 years. After that time, your coverage will cease and all premiums you paid will be forfeited.  Because of this lim...

While not mandated by law like other types of insurance, life insurance is something that anyone with dependents needs to have. Some people want to get it, but fear its too expensive. Here are seven tips to help you get the most savings on your insurance policy:  Review Your Coverage Amounts  Its a good idea to have a policy that pays out eight to ten times the amount of your annual income. If youre considering between a $500,000 and $1 million policy, ask what the rates are. You m...

Pre-existing conditions are hotly debated in both health and life insurance. You may wonder if you can get life insurance if you have a pre-existing condition. Fortunately, there are ways you can get life insurance, even with a pre-existing condition.  What Type of Life Insurance Covers Pre-Existing Conditions?  There are many life insurance products on the market that cover pre-existing conditions. However, getting coverage for a pre-existing condition likely isn’t going to ...

When applying for life insurance, you will be asked to provide information about your medical history and take a physical examination.   If you are not completely truthful about your medical history, you may lose your policy or, when you die, your dependents may be denied benefits. Therefore, it is imperative that you tell the truth throughout this process.   In regards to the examination process, a medical professional hired by the insurance company will typically cond...

When it comes to life insurance, there’s a lot of information out there. It can be difficult to determine what best applies to you and your family’s needs. This is because every family has different needs that stem from earnings, children, debts and other living expenses. Though families don’t often fit into cookie cutter models, many financial professionals recommend purchasing life insurance in an amount equal to about five to ten years of your annual income.   T...

Term life insurance is one form of insurance providing a payment at the end of life. It remains in place for a period of time. For some, including those with or without dependents, this policy can work well. Choosing the right coverage for your needs is important. That is why a customized quote from your agent is best. However, there are a few things to consider about term life insurance before you buy it. Term Can Cover Specific Goals Those who have dependents tend to want several things...