Life Insurance FAQ's

Showing Tag: "income replacement life insurance" (Show all posts)

Is there Life Insurance for Income Protection?

Posted by hadley hadley on Saturday, October 26, 2019, In : Life Insurance FAQ's 

Is there any life insurance I can buy to protect my income?

Yes, there are life insurance policies to help replace your income for your family should you die.

Term life is the most affordable option, offering coverage for a period of up to 30 years.

The proceeds from the life insurance policy go to your beneficiaries and can be used for any purpose; such as, to pay for living expenses, pay off debt, and maintain your family's lifestyle.

Learn about life insurance to protect your income for your l...


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Can I Buy Life Insurance to Replace My Spouse's Income?

Posted by hadley hadley on Monday, November 12, 2018, In : Life Insurance FAQ's 

Yes, if you are married you can buy life insurance on your spouse, (with his or her knowledge), because you have an insurable interest in your spouse.

Buying life insurance to replace a spouse's income is one of the most common reasons people choose to purchase life insurance coverage.

You are choosing to provide financial security for your family should your spouse pass away, by insuring his (her) income with life insurance.

That way, your family can maintain their standard of living and have f...
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