Browsing Archive: July, 2023

How to Decide How Much Life Insurance to Buy?

Posted by hadley hadley on Friday, July 28, 2023, In : Life Insurance FAQ's 

Deciding how much life insurance to buy is an important financial decision that requires careful consideration of your current financial situation, future needs, and the well-being of your dependents. Here are some steps to help you determine the appropriate amount of life insurance coverage:

  • Evaluate your financial obligations: Start by assessing your current financial responsibilities and obligations. Consider factors such as outstanding debts (e.g., mortgage, student loans, credit card deb...

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Can I Buy Life Insurance for My Ex Husband?

Posted by hadley hadley on Monday, July 24, 2023, In : Life Insurance FAQ's 

In most cases, you cannot directly buy life insurance for your ex-husband without his consent. Life insurance typically requires the insured person's consent and participation in the application process. As an ex-spouse, you generally don't have an insurable interest in your former spouse's life, which is a key requirement for purchasing life insurance on someone else's life.

However, if you have children together and there are court-ordered financial responsibilities or child support involved...


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Can I Buy Final Expense Insurance for My Parents?

Posted by hadley hadley on Thursday, July 20, 2023, In : Life Insurance FAQ's 

Yes, you can purchase final expense insurance for your parents. Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses.

Here are some important points to consider if you want to buy final expense insurance for your parents:

  1. Insurable Interest: Generally, you can buy life insurance on someone if you have an insurable interest in their life. Ins...


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Term Life Insurance for My Adult Children

Posted by hadley hadley on Sunday, July 16, 2023, In : Life Insurance FAQ's 

To buy term life insurance for your adult children, you generally need to follow these steps:

  • Research Insurance Companies: Look for reputable insurance companies that offer term life insurance policies. Consider factors such as the company's financial strength, customer reviews, and the policy options they provide.
  • Determine Coverage Needs: Assess your adult children's financial obligations and future needs. Consider factors like their income, debts, mortgages, and dependents. This evaluation ...

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What are the Top 20 Reasons to Buy Term Life Insurance?

Posted by hadley hadley on Wednesday, July 12, 2023, In : Life Insurance FAQ's 

There are several reasons why individuals may choose to purchase a term life insurance policy. Here are some of the top reasons:

  • Income Replacement: One of the primary reasons people buy term life insurance is to provide income replacement for their dependents in the event of their death. If the insured person is the primary breadwinner or contributes significantly to the household income, a term life insurance policy can ensure that their loved ones are financially supported and can maintai...

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How to Buy an End of Life Insurance Policy?

Posted by hadley hadley on Saturday, July 8, 2023, In : Life Insurance FAQ's 

Fnal expense or burial insurance, which is a type of life insurance designed to cover end-of-life expenses such as funeral costs, medical bills, and other related expenses. Here are the general steps involved in purchasing an end-of-life insurance policy:

  1. Determine Your Needs: Assess your financial situation and determine the amount of coverage you need. Consider factors such as funeral costs, outstanding medical bills, and any other expenses you want the policy to cover. Final expense polic...

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