Life Insurance

In 2021, the cost of living increased by 6.8%, one of the biggest jumps since the early 1980s. It goes without saying that food, housing, transportation, and other costs will increase each year. Luckily, some extra foresight and planning can help you prepare for parenthood without a ton of extra stress. Here's how to prepare for the average cost of raising a child in the U.S.

When people maintain a life insurance policy, they secure a degree of protection that's hard to find elsewhere. From lingering debt to funeral costs, there are numerous risks of living without protection for your family's future, and these risks are some of the most important reasons for life insurance.

Although unpleasant and uncomfortable, the importance of end of life planning is hard to overstate. While it's challenging to consider these weighty matters, it can ease the burden on your loved ones later on.

Creating a life insurance trust allows you to name a beneficiary who may not be able to legally control their finances at the time of your death, like a child. Alternatively, an insurance trust also lets you set limitations on how and when the beneficiary may take distributions.

More than half of Americans believe life insurance costs over three times higher than it actually does, according to a 2021 Insurance Barometer Study from LIMRA. Consequently, they make the costly mistake of delaying purchasing a policy. However, there are ways you can secure affordable life insurance without breaking the bank.

Term life insurance is a straightforward type of policy, and it can offer you substantial financial protection. Here, we've compiled some of the most common questions to help demystify the process, so you can finally understand how term life insurance works.