When applying for life insurance you will come across a lot of industry vocabulary. One of the words you will hear the most often is “death benefit.” So, what is a life insurance death benefit? A death benefit is the amount of money your beneficiaries will receive when you pass away. In simple terms, it’s […]
Life insurance is usually a product that you don’t get for yourself, but for those around you to continue the life you’ve provided if something was to happen to you. However, that doesn’t mean that life insurance can’t offer living benefits. Most life insurance policies have add on’s known as riders which allow you to […]
Most people boil life insurance down to two products, term life and whole life. But yet, there are many more options out there on the market and you can customize your life insurance policy any way you possibly imagine. There are permanent life insurance products out there that aren’t as expensive as whole life and don’t […]
Getting a life insurance policy is usually a selfless act. We get a policy and pay for it, simply for the fact that we want those we care about to go on living a life we are able provide for them. Essentially, it’s continuing to take care of your financial responsibilities beyond the grave. However, […]
If you have a bank account with Chase then you probably know they are a great bank. Now you’re thinking life insurance and wondering if they offer it. After all, it would be quite convenient to get your coverage through the same place you bank wouldn’t it? I agree, except I ran into a dead […]
The variety of life insurance products can often leave you, the consumer, a little confused. Often times you just want to make sure your family is protected in the case of your passing. All you want to know is what you pay every month and make sure it’s the same rate with no surprises. Is […]
Understanding life insurance pricing can get tricky if you don’t know how it is determined. It doesn’t have to be if you understand how life insurance companies determine what risk class to put you in and how that affects your rates. In this article, we will cover all the different factors that go into determining […]
Not knowing what comes next can sometimes leave us hesitant to move forward with a decision. Life insurance can often be confusing when dealing with it for the first time and this can understandably cause you to put off applying, which isn’t a good idea for something that is done to protect risk. At InsureChance […]
Life insurance companies don’t like taking risks. This is why when applying for coverage there will be numerous questions to determine your rate and whether or not you qualify for coverage. Not only will they ask questions but they will also go into your medical records to verify all this information. So let’s review some of […]
The common thinking is that if you’re young you don’t need life insurance due to lack of financial responsibilities. That tends to change when things start pilling on as adulthood approaches. Student loans fall into that category of things that place responsibility on you and getting life insurance to protect it is a good idea. […]
