A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. One person Two or more people The trustee of a trust you’ve set up A charity Your estate If you don’t name a beneficiary, the death benefit will be paid to your estate. Two “levels” of beneficiaries Your life...

There is a big difference between an insurance company canceling a policy and choosing not to renew it. Insurance companies cannot cancel a policy that has been in force for more than 60 days except when: You fail to pay the premium You have committed fraud or made serious misrepresentations on your application Your...

When to Get Car Insurance With Medical BenefitsAt first glance, car insurance and health insurance are two different products entirely. Your car insurance pays for damage to your vehicle (or other people’s vehicles), and your health insurance pays for doctor visits and hospitalization. But what if you’re injured in...

Very cheap car and auto insurance; is this an ideal consideration?Car insurance (also known as vehicle insurance, motor insurance or auto insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury...

If your home was destroyed by a hurricane, wildfire or other disaster, be cautious. Unfortunately, there are dishonest service providers that prey on disaster victims. They know that people who have lost their homes and valuables may not be thinking clearly. If you have suffered this type of loss, don’t make any...

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. One person Two or more people The trustee of a trust you’ve set up A charity Your estate If you don’t name a beneficiary, the death benefit will be paid to your estate. Two “levels” of beneficiaries Your...

Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount during the term of the policy. A level term policy pays the same benefit amount if death occurs at any point...

Choosing the right type of life insurance can be confusing, but it’s also an important decision. Here are some guidelines that can help you narrow down your best life insurance options. You should consider term life insurance if: You need life insurance for a specific period of time. Term life insurance...