Funeral Cost Breakdown: Costs of a Funeral and Burial

When you lose a loved one, you are unfortunately hit with the responsibility of making stressful decisions about funeral and burial services. Having to cover the funeral costs out of pocket makes it even more taxing. However, this happens far too often when someone passes away without life insurance or with insufficient coverage. If you’re…

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Life Insurance 101: What is an accelerated death benefit?

Life insurance is an essential part of financial planning, and it’s necessary to make sure that you have the right kind of coverage. An accelerated death benefit is a popular rider to add to your coverage, and it provides advantages with minimal downsides. Suppose you’re in the process of buying life insurance. In that case,…

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What are the disadvantages of life insurance?

A life insurance policy protects your family from bearing the financial burden if something happens to you, but is it really necessary? Many people believe that life insurance is necessary, as it gives them peace of mind that their families are taken care of if anything happens to them. Depending on the type of life…

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Life Insurance 101: What is Funeral Advantage?

Life brings unexpected financial situations that can leave your loved ones responsible if you are not prepared. Investing in a life insurance policy protects your loved ones from bearing the entire burden of end-of-life expenses if something happens to you. If you are currently researching life insurance companies for a final expense life insurance policy,…

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Life Insurance 101: Accidental Death

What is an accidental death life insurance policy, and how will you know if you need one? Accidental death and dismemberment (AD&D) insurance is one of the 11 best types of life insurance. People in certain occupations might want to purchase this type of policy if they cannot otherwise purchase a regular life insurance policy….

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Life Insurance 101: Life Insurance Investment Pros and Cons

Life insurance is beneficial for ensuring financial protection for your family. However, you must balance life insurance investment pros and cons to get peace of mind and save money. Life insurance is affordable in most cases, but be careful not to spend your whole budget on life insurance when other investment opportunities exist. If you’re…

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Do beneficiaries pay taxes on life insurance policies?

If you’re considering or have recently purchased a term life insurance policy, you might wonder how a death benefit works. Do beneficiaries pay taxes on life insurance policies? How does the claims process work? Learning the finer details about life insurance policies can ultimately help you and your beneficiaries. Nobody has time to sit and…

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Freedom Life Insurance Company Review (2024)

The USHealth Group provides term life insurance quotes through Freedom Life. The company offers one policy and doesn’t offer any riders. Freedom Life is rated an A by A.M. Best and has received fewer complaints than other competitors. Knowing more about Freedom Life will help you decide if the company is the best option. Before…

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Why should you buy whole life insurance?

Did you know whole life insurance could be used as an alternative retirement income? Whole life insurance is often overlooked, but you should consider it if you have a flexible budget. What is whole life insurance? And is life insurance worth it? Don’t worry – we’re here to help. Our article explains why you should…

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Best Life Insurance for Young Adults

If you are fresh out of high school or college and searching for a life insurance policy, you may be curious to learn about the best life insurance for young adults. It’s an excellent idea to purchase life insurance at a young age, as rates can be much more affordable. Depending on your life and…

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