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Updated: April 12, 2024 at 9:38 am
Have you heard of life insurance with “living benefits”?
Yes, John. I looked up living benefits of life insurance and got confused. Also, I spoke to another agent who really couldn’t describe them.
I understand. I read those same articles. They unfortunately lead readers astray. You end up not really knowing what living benefits are and how they work.
Updated: April 12, 2024 at 9:38 am
Many life insurance companies offer life insurance riders for policyholders. Life insurance riders allow policyholders to customize their policy to their needs and wants. Like a knot, they attach to your base life insurance policy.
Of course, the more you customize, the more your policy costs. Carriers charge an additional cost for some of these riders.
What?
Yes, many riders come with an extra cost. Sometimes, the cost is worth it. Other times, it is not.
Continue reading The Best Life Insurance Riders And Ones You Don’t Need
Updated: April 12, 2024 at 9:39 am
We wrote an article that described the 3 reasons why whole life insurance is a bad idea. How can we write an article about why whole life insurance is a good idea? Are we talking from both sides of our mouth? No. It is simple: It is your situation that dictates if a whole life insurance policy is needed. Chances are, it is not, but some people and families need whole life insurance.
This article is intended for people who are considering whole life insurance (see our article on why it can be a bad idea, too) and for people who currently have a whole life insurance policy and considering dumping it. Honestly, if you have a current whole life insurance policy, it may not be in your best interest to dump the policy.
We will explain more in a minute.