Life Insurance And Coronavirus [Consider These Other Insurance Options]

Updated: March 15, 2020 at 9:25 pm

to show the need for life insurance and coronavirusI read a Forbes article which described the increase life insurance traffic due to the Coronavirus (COVID-19).

People are worried about dying from this virus, which has a 3.4% mortality rate worldwide (around 2% here in the US as of this writing).

We have seen a surge, too, in phone calls, emails, and questions about life insurance and the Coronavirus.

However, there is one insurance that everyone is overlooking. You’ll need this insurance much more if you are inflicted with the Coronavirus.

Continue reading Life Insurance And Coronavirus [Consider These Other Insurance Options]

Is Critical Illness Insurance Worth The Money?

Updated: September 23, 2019 at 5:25 am

shows why critical illness insurance is worth the moneyI know you have a lot of financial priorities: mortgage, food, health care. If you have kids, then college savings as well. Why are we talking about critical illness? Well, a critical illness – such as cancer or heart disease – can financially wipe you out. No way, John, you say. I have health insurance. That is great to hear. You know as well as I do that health insurance premiums and out-of-pocket costs have been rising as fast as a rocket. Moreover, many health insurance plans don’t cover everything when it comes to a critical illness. In this article, we answer the question that many people have. Is critical illness insurance worth the money, when you have other financial priorities? The answer isn’t so easy. Like most answers, it depends.

We discuss what critical illness insurance is, how it works, and the different types. Moreover, we will discuss potentially, better alternatives to critical illness insurance. (Yes, you heard us right.). Finally, we provide example premiums for critical illness insurance plans. By the time you finish this article, you will have a good idea if critical illness insurance is worth it and right for you.

Continue reading Is Critical Illness Insurance Worth The Money?

Your Best Critical Illness Insurance Options

Updated: September 21, 2019 at 5:28 am

If you read our article if critical illness insurance is worth the money, you know that answer really depends on you and your situation. Keep in mind that critical illness insurance is generally inexpensive when you consider the financial and emotional impact an illness takes on a family. In this article, we discuss the best critical illness insurance options for you and your family.

First, we discuss critical illness insurance underwriting and then the types of critical illness insurance available. Then, we discuss the plans we feel are the best, offering the right type of coverage and premium. Honestly, there will be carriers you have never heard of. Is this a bad thing? No. It means we at My Family Life Insurance have a lot of options to place you and your family in the right critical illness insurance plan.

Remember, the “best” or “right” critical illness insurance plan is the one that fits your needs, situation, and budget. Moreover, it pays the benefit to help you and your family. It’s not based on a brand name or a carrier on TV.

Continue reading Your Best Critical Illness Insurance Options

Choose Life Insurance With Living Benefits Carefully

Updated: October 11, 2019 at 3:36 pm

life insurance with living benefitsIf you don’t know what living benefits are, don’t worry. I will explain what they are below in more detail. Living benefits are a useful way to advance part of your death benefit early, while alive (or “living”) if certain covered events happen.  Many life insurance carriers offer living benefits automatically on their policies or as a rider. While living benefits are a great option, you want to choose life insurance with living benefits carefully. The plan has to meet your needs, both short-term and long-term. If not, then you are conceivably just throwing your money away. You don’t want to do that, right? In this article, we discuss choosing your life insurance plan with living benefits wisely. You’ll want to do your homework as all plans offered by carriers aren’t the same. Additionally, other alternatives exist which may prove more valuable in your situation. Continue reading Choose Life Insurance With Living Benefits Carefully

5 Types of Insurance Every Self-Employed Professional Needs

Updated: March 19, 2020 at 4:19 pm

Confident self employed woman looking at her insurance needs on a computerIf you’re self-employed, do you think about your insurance needs?

Probably not…

There are so many other things to think about as a self-employed professional.

Let me ask you a question: What does self-employment mean to you?

Ultimately it means your income depends on your hard work. Your income could be variable and fluctuating. If your family relies on this income, it is ever the more reason to make sure you have the right insurance protection in case the unexpected were to happen.

What insurances do you need? In this article, we discuss several types of insurances for your self-employed needs. Continue reading 5 Types of Insurance Every Self-Employed Professional Needs