Mutually Speaking
Receiving a Life Insurance Death Benefit
A life insurance death benefit is a sum of money that is paid out to a policy’s beneficiaries after the death of the insured. If there are multiple beneficiaries, the policy will state how much of the death benefit each person will receive – either a monetary amount or a percentage. If there is only…
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Reasons You Need Life Insurance for Yourself
If you are an unmarried, childless individual, you may think that you don’t have much...
Tax Implications of 1035 Exchanges
Typically, when a policy owner withdraws money from or surrenders (cancels) a permanent...
What to Expect from a Life Insurance Medical Exam
When you apply for life insurance, you may be asked to undergo a medical exam. This exam...
Employer-Sponsored Group Term Life Insurance vs. Individual Life Insurance
When you start a new job, you may be given a benefits package that includes a life...
Understanding Family SGLI: Is It Enough?
Upon joining the military, a servicemember is automatically provided with $500,000 of...
Converting Term to Permanent Insurance
Term and permanent life insurance can play different roles in your insurance strategy....