A Beneficiary for Life Insurance is the Person or Persons designated to receive the death benefit from the life insurance. Beneficiaries are usually Spouses, Children, Siblings, Parents and other Close Relatives, Friends and Partners. Nonprofit institutions such as Places of Worship, Schools, Libraries, and Community Groups are also commonly chosen beneficiaries. The Beneficiary should be a responsible party who will be aware that they are named and also given instructions, if any, along with a copy of or location of the Policy.
Whether you tell a lie on purpose, or by accident, or misrepresent the facts in any way on a Life Insurance application, you are gambling that the Insurance Company won’t find out and you may lose that gamble. The Life Insurance Companies have 2 years from the effective date of the policy to do their homework. This contractual clause of the life insurance policy is called the 2 year contestability clause. The insurance company, with your...more
Let’s take a look at what may need to happen if a stay at home spouse died. You can never put a price on a loved one. However, you can put a price on the work that person did while alive.
It has been said that the amount of money needed to employ someone 40 hours a week with benefits to clean, cook, do laundry, care for children and shop for food is way over $35,000 a year. Stay at home spouses work more than 40 hours a week and more...more
I’m nervous about purchasing a Final Expense Life Insurance plan, please tell me what to expect at our appointment.
First and foremost your Life Insurance plan must address your particular situation, needs and budget. What you choose has to be affordable this month, next month and next year so your plan will remain in force to help your family or fulfill whatever purpose you have in mind.
We can meet at our...more
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