Purchasing life insurance can yield a number of benefits, but most policies are purchased as a way to help your family financially in the event you pass away. As such, life insurance can be a valuable, if not vital, component of the financial plan for you and your loved ones. Unfortunately, too many life insurance policies are bought without a sufficiently close examination of their terms. At best, these oversights result in people paying more than they should for a policy, or in buying benefits they don’t really need. Worse, of course, is such inattention resulting in less being left behind for the family, or even none at all. Here are 4 Life Insurance Errors you should avoid.
Life insurance seems like a straight-forward financial product. Insurance companies receive premiums and in exchange they pay out a death benefit to policyholders’ beneficiaries. However, these plans can be much more complex than that.
“There are a lot of options – much more than people realize,” says Cliff Wilson, chair of the board of directors for Life Happens, a nonprofit that educates the public on insurance matters. Some policy perks are geared toward certain populations, such as the USAA Military Future Insurability Rider, which lets service members convert a military policy upon retirement. But other life insurance perks can be had by virtually anyone.
Choosing the right type of life insurance can be confusing, but it’s also an important decision. Here are some guidelines that can help you narrow down your best life insurance options.
It’s that time of year again: flu season. Which means you might want a flu shot. You’ve likely heard that our risk of developing complications from the flu increases as we get older. That’s in large part because our ability to fight off illnesses weakens as we age, as does our ability to build up antibodies after receiving a vaccine.
Maybe it’s the friend’s child next door or a member in the family who has Type 1 diabetes. Perhaps you’ll be in charge of care at some point or are simply interested in learning more about T1. Consider this guide to help you navigate Type 1 Diabetes.
Security Brief Health and Safety Resources for travel to Pyeongchang.
Winter Sporting Events in Pyeongchang, South Korea
The mountainous region of Pyeongchang, South Korea will soon experience an influx of visitors due to the scheduled winter sporting events and may pose a number of potential health and safety risks for travelers. If your planning to travel to Pyeongchang here is a brief security update for you.
Some key life events are a bigger financial priority than others. Take, for example, a married couple who has their first child, or hitting retirement. Both life events should trigger a close examination of your life insurance needs – and they’re certainly not the only life events that require an insurance reset.