When someone passes away and life insurance pays out, the question many families ask is:“Should we use this money to pay off debt?” It’s tempting to wipe the slate clean—but it’s not always the smartest move. Let’s break down how life insurance works after death, what kinds of debt it… Read More »Can You Use Life Insurance to Pay Off Debt? Smart or Risky?
Life insurance is meant to provide financial security—but when a loved one passes and a payout is on the way, the big question becomes: Is this money taxable? The answer is: usually no, but with a few big exceptions that can catch families off guard. In this guide, we’ll break… Read More »Is Life Insurance Taxable? What You Need to Know About Payouts and IRS Rules
Divorce is rarely simple—and life insurance can quickly become one of the most overlooked, misunderstood pieces of the puzzle.Can your ex stay the beneficiary? Who pays for the policy after separation? And what happens if you’re court-ordered to keep coverage for your kids? If you’re navigating divorce (or already divorced),… Read More »What Happens to Life Insurance in a Divorce? Who Gets the Policy?
Caring for aging parents comes with many emotional and financial responsibilities. One question more people are asking today is: “Can I take out a life insurance policy on my mom or dad?” The short answer is yes—but there are some important rules and steps involved. In this post, we’ll break… Read More »Can You Get Life Insurance for Your Parents? Here’s What to Know
The Shocking Truth: Life Insurance Doesn’t Always Pay You bought life insurance for peace of mind — to protect your family.But what if your policy didn’t pay when they needed it most? It happens more often than you think.Every year, claims are denied, delayed, or reduced — not because of… Read More »Why Your Life Insurance Might Not Pay Out: 7 Hidden Policy Traps That Could Leave Your Family With Nothing
If you’re a business owner applying for financing, you may be asked to provide a life insurance policy to secure the loan. But why does this happen?And can life insurance actually protect your business or partners? In this article, we’ll break down: 🧾 Why Lenders Want You to Have Life… Read More »Can Life Insurance Be Used for Business Loans? Absolutely — Here’s How
You bought life insurance to protect your family.But what happens if the insurance company itself… disappears? It’s rare, but it has happened. And if you’re paying monthly premiums, you deserve to know what would happen if your life insurer went bankrupt. In this post, we’ll cover: 🏛️ Can a Life… Read More »If Your Life Insurance Company Fails — Are You Still Protected?
If you’re receiving disability income — whether from Social Security (SSDI), a private insurer, or another source — you might be wondering if life insurance is still within reach. The good news? Yes, people on disability can get life insurance.But the type of policy, cost, and approval process will vary… Read More »Can You Get Life Insurance While on Disability? Here’s the Truth
When couples think about life insurance, the usual route is buying two separate policies. But there’s another option many people don’t know about: joint life insurance. Is it cheaper? Is it better? Or is it more risk than reward? In this guide, we’ll break down: 💍 What Is Joint Life… Read More »What Is Joint Life Insurance — and Should You Get It as a Couple?
Living with a chronic illness doesn’t mean you’re out of options when it comes to life insurance. While it’s true that health plays a major role in coverage and cost, having a chronic condition doesn’t automatically disqualify you from getting a policy. In this guide, we’ll break down: 🧬 What… Read More »Can You Get Life Insurance If You Have a Chronic Illness? Everything You Need to Know
When a loved one passes away, the last thing you want to deal with is red tape. But if they had a life insurance policy, filing a claim correctly can make a huge difference in how fast (or if) you get paid. Unfortunately, many people get denied, delayed, or underpaid—often… Read More »How to File a Life Insurance Claim (Without Getting Denied)
Life insurance is meant to bring peace of mind—but there’s one little-known clause that could flip everything upside down: the contestability period. If you’ve never heard of it, you’re not alone. Most policyholders don’t realize that their claim could be denied—even after they’ve been approved and paid premiums for months.… Read More »What Is the Contestability Period in Life Insurance? (And Why It Matters More Than You Think)
If you’ve ever been charged with a DUI or DWI, you might be wondering if life insurance is still within reach. The short answer? Yes, it is—but there are some hurdles. Life insurance companies use your driving history to evaluate risk, and a DUI is considered a red flag. But… Read More »How to Get Life Insurance After a DUI or DWI (Without Paying a Fortune)
When you’re self-employed and raising a family, everything falls on you.You’re the breadwinner. The safety net. The backup plan. But what happens if you’re suddenly not there? That’s why life insurance isn’t optional—it’s essential for self-employed parents. But navigating your options without an employer plan or steady paycheck can feel… Read More »Life Insurance for Self-Employed Parents: What Are Your Options?
Living with a chronic illness doesn’t mean you can’t get life insurance. But it does mean the process might look different—especially when it comes to your options, pricing, and how companies evaluate your health. Whether you’ve been diagnosed with diabetes, heart disease, an autoimmune condition, or another long-term medical issue,… Read More »How Life Insurance Works If You Have a Chronic Illness