Choosing the right life insurance policy for you and your loved ones can be overwhelming. Add in pre-existing health conditions (or past conditions) and the confusion compounds. We’re here to help with the truth about life insurance and health conditions.
Life isn’t one-size-fits-all – and neither is life insurance. Planning for the future can feel exciting and scary at the same time. Whether you’re buying your very first policy or planning for the next chapter of your legacy, it’s common to have questions.
Financial planner Delvin Joyce has worked hard to dispel myths that the Black community holds about life insurance. The founder and president of Prosperity Wealth Group in Charlotte, N.C., regularly helps members of his local community get coverage. Here are the biggest misconceptions he encounters from several of his clients.
Life insurance is important to protect your family’s financial future. Who you name as a beneficiary can be just as important as your initial decision to purchase life insurance. It’s a big job, which is why it’s important to choose the right person – someone who’s trustworthy and knows what matters most to you.
Many people know how term life insurance works. But they often don’t know how permanent insurance works. To refresh, term life insurance provides protection for a specific period of time. This is known as the “term.” If you pass away during the term, your loved ones receive a set amount of money. This money is known as the “death benefit.”…
Picture this: You land an exciting new job with great benefits: vacation time, health insurance, 401(k)… even free lunch once a week! They offer group life insurance, too – two times your annual salary. That sounds like a lot, right? In many cases, it might not stretch as far as you think.
By this time, most everyone in the world has heard about COVID-19, a global outbreak that is commonly referred to as the coronavirus. Like most global events, this scenario creates a perfect opportunity for threat actors to abuse the situation.
Ensuring your life insurance policy includes this rider can mean avoiding difficult choices when life doesn’t go according to plan.