A life insurance policy provides financial security and peace of mind, making it an invaluable part of your end-of-life planning. The life insurance policy is a legally binding document that includes all the information about your coverage. It may be lengthy and include lots of legal jargon, but don’t let that intimidate you. Learn about… Continue reading Understanding Your Life Insurance Policy
Life insurance is a valuable way to protect yourself and the loved ones who would be impacted by your death. You may already have your own life insurance policy, but can you buy life insurance for someone else? You can, but there are certain criteria you must meet. Can You Buy Life Insurance for Someone… Continue reading Can I Buy Life Insurance for Someone Else?
It’s important to be prepared for the medical, funeral and other expenses that arise at the end of one’s life. That’s where life insurance comes in, offering security to you and your family in the form of a death benefit payout to ease the burden of any final expenses and debts. When shopping for life… Continue reading What Is a Life Insurance Rider?
In the United States, one-third of adults are considered overweight. Another one-third are considered obese. Being overweight or obese is linked to a host of dangerous health conditions such as diabetes, heart disease, cancer, stroke and high blood pressure. As a result, many insurance companies use weight as an indicator of an individual’s overall health.… Continue reading Can I Get Life Insurance if I’m Overweight?
Talking about end-of-life planning and preferences is something no one wants to do. While 90% of people believe talking about end-of-life care with their loved ones is important, only 27% have actually done so. But if your health declines and you can no longer make your wishes known, it’s critical that others are aware of… Continue reading Conversations To Have When Planning for End-of-Life
For those who have children or grandchildren, the decision to get life insurance is an easy one. But what if you don’t have dependents relying on you to provide for them? Is life insurance coverage still necessary? Dependents don’t necessarily have to be children. An aging parent or other relative may be a qualifying dependent.… Continue reading Do You Still Need Life Insurance if You Have No Dependents?
With the average life expectancy increasing every year, our golden years are getting longer and longer. A longer retirement means you need more savings to last you through the end of your life, but with rising inflation and healthcare costs, many seniors simply aren’t able to save enough money to last through retirement. Perhaps you… Continue reading What Happens if You Outlive Your Retirement Savings?
Self employment is on the rise. Almost one-third of the workforce in the United States is self-employed, a term that includes freelancers, independent contractors and business owners. Many traditional salaried positions offer life insurance through the employer, but as an independent contractor, it’s up to you to decide how you will get a life insurance… Continue reading Why Is Life Insurance Important for the Self-Employed?
When a recession hits, the economy suffers. This might include higher unemployment, inflation and business failure. With the prices of many other goods and services rising, you might wonder if life insurance rates are also impacted by a recession. Is Life Insurance Impacted by the Economy? There are two main types of life insurance: term… Continue reading Do Life Insurance Rates Go Up During a Recession?
For many seniors, retirement is a prime time to travel the world. You have the time, the money and a bucket list of places to see. However, if you’re looking to get a new life insurance policy in the near future, you may want to think twice about leaving the country. Does Life Insurance Cover… Continue reading Does Traveling and Traveling Abroad Affect My Life Insurance?
The mark we’ve made and the memories others have of us are parts of us that remain even after death. That is why, as they reach their golden years, many people begin to think about leaving a legacy for the next generation. What does it mean to leave a legacy? A legacy is more than… Continue reading How to Leave a Legacy
As you embark on your end of life planning, you’ll be faced with a seemingly endless line of decisions, from beneficiary designations to a will executor to funeral preferences. One of the biggest funeral expenses is the funeral casket. In this article, we’ll walk through some of the choices you’ll need to make when picking… Continue reading Considerations for Choosing a Casket
When it comes to end-of-life planning, naming beneficiaries in your will and life insurance policy should be at the top of your list of priorities. Your beneficiaries receive your assets after you die, from your trust and life insurance policies to your stocks, bank accounts, etc. Your beneficiary could be a person, a nonprofit or… Continue reading The Dos and Don’ts of Naming Beneficiaries in Your Life Insurance Policy
All life insurance policies include a death benefit, which is the money your beneficiaries receive from your life insurance policy in the event of your death. This payout can provide financial security to your loved ones once you’re gone and is a big reason many people choose to purchase life insurance coverage. To collect the… Continue reading Reasons Life Insurance May Refuse to Pay the Death Benefit
Traditionally, insurance medical exams take your blood pressure, blood or urine samples, height, weight and other data from a physical exam to assess your health. This information allows insurers to determine the amount for the premium cost on a policy. Insurers typically look for elevated cholesterol, high blood pressure, hyperglycemia, HIV or AIDS, recent hospitalizations,… Continue reading No Medical Exam Life Insurance Options and How They Work
Historically, funerals have often included similar elements such as a somber service in a church, a burial plot and a casket. Many people today are choosing to deviate from the standard by customizing their funerals to fit their preferences. There are many reasons you might consider an alternative funeral, such as to cut costs or… Continue reading Alternatives to Traditional Funerals: What Are My Options?
However, if your beneficiary dies before you, what happens? Who receives the payout? List Contingent Beneficiaries It’s best to have several life insurance beneficiaries listed so that if your primary beneficiary is no longer living, your other beneficiaries will each receive an equal portion of the payout. This equal split among living beneficiaries is called… Continue reading What Happens If Your Life Insurance Beneficiary Dies Before You?
Coping with dementia can be distressing for you and your loved ones. Your dementia diagnosis may lead to concerns about finances, and understandably so. Care for an Alzheimer’s patient can cost an average of $5,000 per month, including medications and assisted living costs. Life insurance can help alleviate some of the financial stress that your… Continue reading Do I Qualify for Life Insurance If I Have Dementia?
The death benefits of a life insurance policy are typically tax-free for the beneficiary of the policy, but there are a few circumstances when the payout does generate taxes. Interest Income If the death benefit is paid out in installments rather than all at once, it will accrue interest over time. Though the original payout… Continue reading When Are Life Insurance Proceeds Taxable?
If you’ve recently gone through a major life event such as a home purchase, a change in financial situation or new health concerns, now is the time to reassess your insurance needs and think about increasing your life insurance coverage. You don’t want to risk your loved ones not receiving adequate benefits upon your death.… Continue reading Can I Increase My Life Insurance Coverage?
There are other factors to consider when relying solely on your employer’s insurance plan. This article will dive into why life insurance through work may not be sufficient. You Have Too Little Coverage With your group life insurance plan, your coverage amount is usually one to three times your annual income. If you have dependents,… Continue reading Is Life Insurance Through Work Enough?
One term vital to understand is life insurance premiums. Knowing what a life insurance premium is and how it’s calculated will help you make an educated decision about the policy you choose. What is a Life Insurance Premium? A life insurance premium is a payment made to the life insurance company for your policy. Understanding… Continue reading Understanding Life Insurance Premiums
Before deciding which policy is right for you, you must first determine how much life insurance coverage you need. Whether you are looking to replace your income or simply leave a legacy for your loved ones, it’s essential to understand your current financial situation and know your goals for what you want your policy to… Continue reading How Much Life Insurance Do I Need?
Term life insurance is a popular choice for many young adults due to lower premiums. It also makes for a sensible coverage option during your most vulnerable years, such as when you have dependents and a mortgage. If you’ve decided you’re looking for lifetime coverage, you might be wondering how life insurance policies work. In… Continue reading Convert Term Life Insurance to Whole Life Insurance
Insurance companies understand that mistakes happen and that you may not remember every piece of your medical history. Simply guessing your weight or forgetting a prescription 10 years ago does not likely constitute insurance fraud. But intentionally misrepresenting yourself, your medical history, and any pre-existing conditions you have is. Keep reading to see why people… Continue reading Why You Shouldn’t Lie on Your Life Insurance Application
You may be wondering where you find a policy that best suits your needs if you’re over 50. We cover all of that below, so keep reading. What Policies are Available to Individuals Over 50? Life insurance for people over 50 does exist, with a few variables to consider. Depending on your age, you may… Continue reading Are You Too Old for Life Insurance?
What do you do if you suspect that a loved one had a life insurance policy but don’t know what it contained or where to find it? Let’s review who can file a life insurance claim, how to file a claim, how to locate a life insurance policy, and what happens to unclaimed benefits. Who… Continue reading How to Find Out if a Loved One Had a Life Insurance Policy
Unless you’re a life insurance guru, you may encounter some terms you aren’t familiar with, like accidental death benefit or face amount. But what do they mean? And how do you make sense of it all? To help understand your policy options, we have compiled a list of some of the most common life insurance… Continue reading Life Insurance Terminology
Phishing is a type of cyber or online attack used to collect your personal information. It’s relatively easy to set up and equally easy to fall for. Although it originated in the form of email attacks, it’s a technique scammers now use over the phone and on social media. While it’s no secret that scammers… Continue reading Age of Fraud: Tips to Avoid Scammers
You’ve dedicated your life to building a legacy for your family. Your children have left home, and maybe now have children of their own. You have a comfortable nest egg and are entering your golden years in style. Now is the time for a well-earned rest, and that’s just what life insurance can help you… Continue reading How Life Insurance Can Protect Your Family’s Future
You may be newlyweds, or you may have spent a lifetime together. You eat together, live together, maybe you have children together. Whether one or both of you work, are retired, or a combination of the two, you are most likely reliant on your partner for more than just emotional support. If the unexpected were… Continue reading Should Both Spouses Carry Life Insurance?
You may have heard that life insurance for seniors isn’t affordable or that investing is a better option, but the truth may surprise you. We’ll address five common myths about life insurance here to help you make the best financial decision and get the coverage that’s right for you. Myth #1: Life Insurance is Too… Continue reading 5 Common Myths About Life Insurance
Is there such a thing as life insurance for smokers? If you are over the age of 50, is there a senior life insurance policy that offers coverage to a smoker? The short answer is yes, you may be able to obtain a life insurance policy if you are a smoker over the age of… Continue reading Quit Smoking Advantage
Which policy is right for me and my loved ones? What information is required to obtain this type of policy? These may be some of the questions you are asking yourself when you hear the term, “no medical exam required.” Read on as we go over the different types of life insurance policies, what it takes… Continue reading Life Insurance Without a Medical Exam
What kind of legacy and last wishes have you put into place to ensure they are carried out as you want them to be? What steps have you taken to ensure this? A 2020 Gallup poll revealed that only 45% of U.S. adults have a living will in place, which leaves a great amount of… Continue reading Importance of End-of-Life Documents
Many people lost their jobs or were temporarily laid off due to the COVID-19 pandemic and its impact on the economy. The good news is, there are options available to you if you lost your insurance policy due to unemployment. In most cases, qualifying for life insurance coverage is possible when you’re unemployed. Turning to… Continue reading Unemployment and Life Insurance
It’s simple enough; life insurance helps protect those who are important to you. You designate a beneficiary or beneficiaries, and when you die, they receive the life insurance money. But, what happens if your beneficiary passes away before you, there’s a divorce, or another incident arises? Sure, you can update your insurance beneficiary designation, but… Continue reading The Importance of the Power of Attorney
A couple with young children? A loving significant other or a couple sitting on a bench at sunset? It’s probably safe to say that most people would visualize the “others” who live with, or depend on, the insured individual. It makes sense. A parent gets life insurance to provide for his or her children. An… Continue reading Why Single People Need Life Insurance
Do you also need a will if you have life insurance? And if so, why? The simple truth is, they both serve essential purposes in the event something happens to you. First things first, let’s get on the same page and review some quick descriptions of life insurance and wills. Life Insurance As you probably… Continue reading A Will and Life Insurance: Do You Need Both?
Many people may believe that life insurance covers any death, for any reason. However, life insurance coverage may not pay out for all kinds of deaths. The Two Main Types of Life Insurance Term life insurance remains in place for a certain period of time, usually from five to 30 years. If you die before… Continue reading Does Life Insurance Cover Any Death?
When it comes to pre-existing conditions, you still have options to purchase the insurance coverage you want. Each person’s individual situation will be taken into consideration when they apply for life insurance. In addition, there are some types of life insurance policies that will not ask you to answer questions about your health, meaning you… Continue reading Life Insurance for Pre-Existing Conditions
If you have Medicare, but you’re still having trouble affording your medical bills, you may want to look into Medicaid for seniors. However, like all government programs, you must qualify for coverage. When looking at eligibility requirements for Medicaid, one thing to take into consideration is the value of your life insurance policy. What is… Continue reading Can Life Insurance Affect My Medicaid Eligibility?
The purpose of senior life insurance is to help your family cover expenses associated with the end of your life. The money from a life insurance policy can help cover funeral expenses, mortgages, debts, medical bills, or other final bills. A good retirement plan should provide you with the income you need during your final… Continue reading Senior Life Insurance in Your Retirement Planning
Your beneficiary is the person who will receive the cash from your life insurance policy, called a death benefit, when you pass away. The beneficiary is the one who decides how to use the money, so it is important to select a beneficiary who you trust. Know Why You Have a Life Insurance Policy Most… Continue reading Naming Your Beneficiary: A How-To Guide
Almost 15% of American adults are smokers, which is roughly 34 million people. Many of these people will be interested in life insurance one day. It’s important to know that having a smoking habit, even if it’s only occasionally, will affect how much you pay for life insurance. Will Smoking Affect How Much I Pay?… Continue reading Can Smoking Affect My Policy?
You’ve done the legwork to find the coverage you need. You went through the entire application process, only to hear you don’t qualify. Don’t panic yet because you still have options to get affordable life insurance that suits your needs. Find Out Why If you were denied a policy, the first thing you should do… Continue reading I’ve Been Denied a Policy. Now What?
As you near retirement, you’re probably also starting to wonder if you’ve saved enough money. This is by no means an easy question to answer. There are many individual factors that determine the right amount for you to save for retirement. To better understand how much money you might need and if you’ve indeed saved… Continue reading Do You Have Enough Saved for Retirement?
Every senior will have different needs when it comes to life insurance depending on their individual financial and personal circumstances. If you do already have life insurance, it’s a good idea to make sure it’s still the right policy for your needs. Keep reading to understand the different types of life insurance so you can… Continue reading Life Insurance for 60 Year Olds
While younger people tend to be more open about their money situation, finances have long been a taboo topic among older generations. It gets even trickier when the topic revolves around mortality and whole life insurance. Yet the devastating financial consequences of losing a partner is a discussion that cannot be avoided. Timing is Everything… Continue reading How to Talk With Your Partner About Whole Life Insurance
While the seniors in your life may be ineligible for or priced out of certain term life and universal life policies, there are still coverage options available called senior life insurance. Life Insurance for Seniors Life insurance for seniors is designed for the unique needs seniors have at the later stage of life. Senior life… Continue reading 4 Biggest Benefits of Senior Life Insurance
Find out what makes it great with the top five benefits of the best whole life insurance coverage. First, What is Whole Life Insurance? Before we jump into the perks, let’s do a quick review of what whole life insurance is. In short, it is a form of insurance coverage that helps you protect your… Continue reading 5 Benefits of Whole Life Insurance
For seniors, there are still many choices, such as term life, whole life insurance, and even final expense coverage. But what is the right life insurance for seniors, in particular? Together, let’s walk through determining if you need life insurance, learning what’s available to you after 65, figuring out how much you need, and finding… Continue reading Navigating Life Insurance for Seniors
With Americans living longer than ever before, strong financial planning is a necessity. Life insurance for seniors can help pay for things like funeral expenses, medical debt, loss of income, and more. Let’s explore 10 reasons for having a good senior life insurance policy. 1. Senior Life Insurance Helps Take Care of Your Loved Ones… Continue reading 10 Reasons to Buy Senior Life Insurance Today
Final expense insurance is meant to offer peace of mind in knowing that burdensome medical and funeral expenses won’t fall to your loved ones in the event of your death. It is a small whole life insurance policy with a modest death payout amount, intended to help cover costs incurred with your passing. In this… Continue reading What Is Final Expense Insurance?
It also means asking yourself a few questions to assess your current situation as well as potential future changes you may know are coming, such as a dependent child becoming independent. Use this guide to get a clearer idea of both, so you can rest assured knowing you chose the best whole life insurance policy… Continue reading Finding Whole Life Insurance
If you should pass without having financially planned for your funeral, the burden falls to your immediate family. By planning in advance you can ensure that your funeral expenses won’t be an unexpected burden on loved ones. One of the biggest questions in many seniors’ minds when it comes to funerals is cost. How much… Continue reading Funeral Cost and Pricing Checklist
As the costs of the average burial or cremation increase, affording the ability to lay our loved ones to rest can feel more and more unattainable. To help you get started, we’ve answered the top questions we hear from our customers, friends, and family: How much do I need to save for a funeral? What… Continue reading Planning Ahead for Funeral Expenses
How do you find the best life insurance policies for seniors with sufficient coverage? At Americo Senior Life we have a wealth of information on this subject. We sourced information from our team of experts to compile some of the best considerations to keep in mind as you search for the right life insurance policy.… Continue reading Insurance Considerations for Seniors
We know funeral planning can be an unpleasant experience, but the fact remains that none of us live forever, and planning for this life event is a crucial part of life. If you’re beginning to make your end of life plans, you may find the process daunting – and potentially looking expensive! Don’t worry, though.… Continue reading Savvy Ways to Help You Pay for the Cost of a Funeral
Only 59% of Americans have life insurance, and many of those who do have it don’t have the coverage they need. This means over half of those living in the U.S. could leave behind financial burdens that would fall to their family to pay. On the flipside, there are some great insurance options available to… Continue reading Affordable Life Insurance for Seniors
It may not be a pleasant thought knowing you have to plan for the end of your life, but it is a critical part of securing your family’s financial future. As you get older and begin this foreign phase of planning, you may be wondering about ways to cover funeral costs so as to relieve… Continue reading How to Find the Best Final Expense Insurance for Seniors
Thankfully there are still excellent life insurance options if you know where to look and what to look for. In this article, we’ll outline the best life insurance policies for seniors and explain what makes them unique, so you can make an informed decision for your financial future. A Look at the Options First, let’s… Continue reading Finding the Best Life Insurance Policies for Seniors
In your early 30s, you may have looked at life insurance as an absolute necessity to provide for a spouse, children, or other family members in the event of your death. But now, when you’re nearing retirement age and most likely have fewer people who depend on you financially, you may view life insurance as… Continue reading Finding Life Insurance When You’re Over 60
Finding a life insurance policy that suits your life situation can be challenging, especially if you’re a senior citizen. But thankfully, Americo Senior Life has been providing outstanding coverage and resources to seniors for years, so we know the business pretty well.
If you’re looking for affordable life insurance quotes but don’t know quite where to start, you’re in the right place. In this article we’ll cover the basics of life insurance, including factors that may impact your rates, what to look for in a policy and what documentation you’ll need in order to get quotes. Let’s… Continue reading How to Compare Life Insurance Quotes
But if you’re over 50, what options for life insurance do you have? Which is the best life insurance for seniors? What types of expenses can life insurance cover? Let’s take a look at the basics of senior life insurance and what it can provide, so you can make the best financial decision for your… Continue reading What is Senior Life Insurance?
If you’re looking for life insurance that fits your lifestyle and budget, the easiest way to shop is to obtain life insurance quotes from a number of different providers, then compare those life insurance quotes against each other to see who can offer you the most coverage for at the most affordable rate. Still not… Continue reading Getting a Life Insurance Quote
No matter your life situation, it never hurts to be prepared. We know, it’s not the most pleasant topic. But life insurance is about security, peace of mind and a legacy that lives on well after you do. So how do you find life insurance that is both effective and affordable? Here we’ll give you… Continue reading How to Find Affordable Life Insurance
The trick will be finding a policy that provides you with the coverage you want at an affordable price. That’s where we come in. At Americo Senior Life, we want to help you find the most affordable and comprehensive protection so you can rest easy knowing your loved ones are financially secure. If you’re over 50… Continue reading A Guide to Senior Citizen Life Insurance
In this article we’ll discuss the meaning of final expense insurance, along with what it can offer you and your family, so you can make an informed decision before you purchase a policy. Let’s get started! What is Final Expense Insurance? First let’s talk about what final expense insurance is and what its benefits are. … Continue reading Final Expense Insurance Explained
Protect Yourself and Your Loved Ones with Whole Life Insurance If you’re curious about a whole life insurance policy and what it can provide for you and your family, you’re in the right place. Discover more about Americo’s whole life insurance policies and the benefits they offer. What Is Whole Life Insurance? Whole life insurance… Continue reading What is Whole Life Insurance?
