Life Insurance

Term Life Conversion | Essential How-To Guide + Alternatives

As your term life insurance policy nears its expiry date, you will want to explore your coverage options – including whether your policy includes a conversion privilege. Financial needs and goals change, and it’s a good idea to have your life insurance policy reflect your current obligations. For example, many term policyholders: Now need lifetime…
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How to Create an Effective Estate Plan Using Life Insurance

Life insurance can be an effective tool when you’re planning to bequeath assets.  Most people in the United States have outstanding debt when they pass away, leaving creditors to go after their remaining estate, including financial accounts, real estate, and possessions (think jewelry, cars, antique furniture, etc.).  Generally, creditors will seek all estate values, pay…
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Key Person Life Insurance Guide for Business Owners

Most businesses value their employees (or at least they should!).  But inevitably there will often be a few key individuals who are critically important to the success and viability of the company.  These employees can be referred to as “key person’s” or sometimes as a “key man” or “key employee”  This may be a founder…
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FEGLI Life Insurance and FERS Survivor Benefits [There’s a Better Way]

If you are a federal employee and/or in the Federal Employees Retirement System, you are likely dependent on FEGLI Life Insurance and FERS Survivor Benefits for making certain your spouse or partner receives a sufficient financial benefit in the event of your death. Many federal employees who are enrolled in these programs are likely unfamiliar…
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