We at My Family Life Insurance know it is hard. English is a tough language to learn. You love your family. You understand that you need life insurance to protect your family in case of the unexpected. Nearly all life insurance applications are in English, though. The process makes you disenchanted about applying for life insurance. An application in Spanish would be so much easier. You are in luck. We work with a carrier that has a life insurance application in Spanish. You can even apply on your own! In this article, we discuss life insurance for Spanish-speaking individuals and families.
Atrial fibrillation, also known as “AFib”. If someone hears those words, he or she might think it is life threatening. Truthfully, atrial fibrillation by itself is not life threatening. Many people live a long life with atrial fibrillation. We have written ad nauseam about the importance of life insurance. Unfortunately, many people living with AFib believe they are uninsurable due to their condition. That is simply not true. In this article, we discuss burial insurance underwriting and affordable burial insurance for people with atrial fibrillation.
Life insurance has many advantages. One advantage is the beneficiary receives the death benefit free from income tax. Another advantage is that the death benefit money passes directly to your beneficiary, outside of the probate process. While that is great, it underscores the importance of beneficiary designations. Naming the wrong beneficiary creates problems and potentially expensive solutions to fix. In this article, we discuss proper beneficiary designations and common beneficiary designation mistakes.
We receive this question a lot from parents. Scour the internet for “life insurance for children” and you will read some scathing reasons from financial “experts” why purchasing life insurance for children is a waste of money. Some of the reasons they state we agree with. Yes, we do! However, these experts are missing an important component of life insurance that makes coverage on children beneficial. In this article, we discuss the benefits and when to buy life insurance for your child. We also discuss when you should not buy life insurance for your child, too.
Selecting 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.