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...

In order to operate a vehicle, an individual must carry insurance in an overwhelming majority of states. In addition, many states also outline coverage limits that drivers must include within their policy. While meeting these minimum limits may be enough to get you on the road, they may be inadequate if you are involved in a serious accident. You may want to consider raising your limits to secure proper protection.   The Problem with Minimum Coverage  Drivers are required to...

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...