Devastating Life Insurance Mistakes People Make

Updated: January 12, 2018 at 2:40 pm

devastating life insurance mistakesSelecting the right life insurance policy is no laughing matter. We all need the proper coverage. (Yes, even you single person unless you already have funding for your funeral lined up. I bet you don’t, though.) Yet, when we review policies from non-clients (people looking for our help), many of them have made some devastating life insurance mistakes.

These mistakes aren’t in the basic realm of life insurance mistakes such as the “I have the wrong death benefit coverage” mistake. (Purchasing an additional policy or reducing the death benefit on the current policy fixes this mistake.) These mistakes are serious, made for one reason or another. The mistakes we are going to discuss are devastating life insurance mistakes that you generally can’t recover from.

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Life Insurance For People Without A Social Security Number

Updated: November 18, 2019 at 4:30 pm

life insurance for people without a social security number

You understand that, yes, you need life insurance. However, you don’t have a social security number. Maybe you’ve applied elsewhere, and the carrier declines your application because you don’t have a social security number. You are concerned about your family and loved ones if something were to happen to you. You know you need life insurance. However, you need the right documentation.  Is that holding you back? Luckily, we have options. In this article, we discuss life insurance for people without a social security number.

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DIY Term Life Insurance

Updated: December 24, 2017 at 6:21 am

DIY term life insuranceWe know the feeling…you need life insurance, but the thought of going through an insurance agent is worse than getting a tooth pulled. Or, it is worse than a migraine. (Hey, that is what one person told us!) We at My Family Life Insurance understand. That is why we created a DIY Term Life Insurance link on our website that you can apply on your own, on your own time. Yes, really.

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3 Reasons Why Whole Life Insurance Is A Good Idea

Updated: December 7, 2017 at 11:17 am

whole life insurance is a good ideaWe 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.

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The Best Life Insurance Riders

Updated: March 13, 2020 at 10:57 pm

Cowboy Silhouettes
Wait, no, not those kind of riders.

What are life insurance riders? Riders are additional benefits that are added to insurance contracts, usually at a fee. They can be valuable as they customize your insurance policy to your own, unique situation. We at My Family Life Insurance like riders for only the RIGHT reasons as you will see. In this article, we discuss, in our opinion, the best life insurance riders.  Continue reading The Best Life Insurance Riders