Many people think they won’t qualify for life insurance with health issues, but the reality is not that grim. Typically, only a handful of conditions or severe cases get “table rated”, paying the highest premiums or denied coverage due to a higher risk of premature death. Anyone applying for a policy is assigned a health rating by the insurance company, based on current health, medical history and lifestyle. This classification (typically “standard”, “preferred” and “preferred plus”, with a 20%-30% change in premium quotes between the three ratings) defines how risky…

While shopping for insurance coverage, most investors start with life insurance. This makes sense, since it can be a powerful tool to protect your loved ones in case of your death. After that, you insure your home, care, TV and other assets against the risk of loss. However, what about the most important asset of all, i.e. your ability to earn? Life insurance can take care of your family’s financial needs, like bills, loans, mortgages and daily expenses, if you were to die. What if you didn’t face death,…

Divorce changes your life in many ways, right from the emotional aspects to the financial ones. While insurance is the last thing you want to worry about during this stressful time, there are some crucial adjustments you need to make when your marriage ends. Doing this now helps you protect against financial troubles later. Here are the 4 main insurance types you need to update after a divorce:

1. Life Insurance

As part of your divorce agreement, you may need to purchase a life insurance plan (if you don’t…

While there are many kinds of insurance, they all work as a form of asset protection, and investing in a policy is all about making sure that what you worked so hard for stays protected, no matter what. In that vein, though, the inevitable question arises – can you always get life insurance? If you’re involved in certain occupations, or indulge in activities and hobbies that pose a risk to your life, you may not be able to get a life insurance policy. At the same time, you probably need…

  As any entrepreneur will tell you, starting a business isn’t easy. There’s no avoiding the risks associated with a startup, regardless of the market conditions, the economic climate, or the amount of resources you’ve utilized. It’s particularly challenging for new businesses to develop an effective risk management strategy. Such issues are especially problematic for young people hampered by their lack of experience in the corporate field. Life insurance can help lower the inherent risks of launching a new venture.

How Can Life Insurance Help?

You may think buying a…