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Updated: April 12, 2024 at 9:40 am
If you are an undocumented immigrant (i.e. considered illegal) living here in the United States, you may wonder about the future. You love your family. You may worry if something happened to you, what could happen to them? Thankfully, you don’t have to worry about life insurance. Undocumented immigrants can obtain life insurance here in the United States.
Updated: April 12, 2024 at 9:40 am
Being declined for life insurance feels like a right hook to the face. You just completed a life insurance application, something on your “to-do” list for a while. You feel good about it. Then, a week or two goes by, and you don’t hear anything.
A couple of days later, you receive a letter from the carrier. You open in earnest, only to read that you have been declined for life insurance! You are upset and don’t know what to do next. Declined for life insurance? How can that be?
Don’t worry, we say. Chances are you can still obtain life insurance coverage.
How?
Updated: April 12, 2024 at 9:40 am
You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short).
When a person is searching for the right final expense or burial insurance, sometimes the breadth of carriers and products makes the process confusing and intimidating. The person becomes frustrated. Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden.
You don’t need to feel that way with the NGL Funeral Expense Trust.
Updated: April 12, 2024 at 9:40 am
Did you know there are disadvantages to indexed universal life insurance (IUL)?
It is true. There are advantages and disadvantages to every type of insurance, and this includes indexed universal life insurance.
Indexed universal life insurance is a very popular type of life insurance. I am sure you have heard the accolades that you can withdraw the cash value income tax-free (which is true – more on that in a minute).
However, there are disadvantages, too. Many agents don’t speak about them. If you are going to purchase an IUL, you need to know these disadvantages and level set on expectations.
Updated: April 12, 2024 at 9:40 am
You don’t wake up in the morning, turn to your spouse, and say “Honey, let’s buy some burial insurance.”
Who does that? Mostly no one.
Most of the time, people buy burial insurance upon death of a loved one. That usually is the impetus to get people going. So, you just apply with any old carrier.
Or, you receive a brochure in the mail which says something like, “Don’t hesitate. Set up your funeral costs now!”
Additionally, you see an infomercial on late-night TV regarding final expense cost.
You haven’t done anything, feel concerned, and make the phone call. Or, you apply!
We at My Family Life Insurance say: STOP! You might be doing yourself a disservice and applying in haste. Yes, there are some burial insurance policies you should avoid. In this article, we discuss the 5 types of burial insurance not to buy, and 3 you should consider.
Continue reading 5 Types Of Burial Insurance Not To Buy [And 3 Types You Should]