What is Term Life Insurance, and How Does it Work?

Posted: May 2, 2024

Original post March 7, 2023 on insuranceneighbor.com Term life insurance is the most affordable form of life insurance. It provides coverage for a specific period, typically 10 to 30 years. A contract between you and an insurance company is established which, as long as you pay your monthly premiums, should you die unexpectedly, a death benefit will be paid to your beneficiaries – generally the...

How Will My Credit History Impact My Life Insurance Rate?

Posted: April 30, 2024

Original post May 7, 2023, on insuranceneighbor.com Your credit score carries a lot of weight in many life activities, including renting or purchasing a home, being approved for a credit card or personal loan, and will affect the interest rate you are offered when buying or leasing a car or other item. While your credit rating does not have a direct impact on your life...

5 Things That Are Excluded From Your Life Insurance

Posted: April 25, 2024

Original post August 7, 2023, on insuranceneighbor.com The main reason for purchasing life insurance is to leave something behind for your loved ones when you pass away. You pay your life insurance premiums to ensure your beneficiaries will receive death benefits should something happen to you. Not everyone is aware that life insurance policies have certain exclusions that can prevent beneficiaries from receiving benefits. It...

Do Graduate Students Need Life Insurance?

Posted: April 23, 2024

Original post September 7, 2023, on insuranceneighbor.com Obtaining a graduate degree may be the right choice to increase your earning potential and advance your career. If you have decided to go to graduate school, life insurance may be the last thing on your mind. Nevertheless, it may be a smart move for a full-time or part-time graduate student. Students in grad school tend to be...

The Cost of Not Having Business Insurance

Posted: April 19, 2024

Running a business comes with many risks, from property damage to legal liabilities. While some business owners may see insurance as an unnecessary expense, the cost of failing to have adequate coverage can far outweigh the premiums paid. It is essential to understand the potential consequences of operating without business insurance. Financial Losses from Property Damage Property damage can occur unexpectedly due to natural disasters,...