Can Life Insurance Cover Student Loan Debt?
Posted: October 13, 2021
Can Life Insurance Cover Student Loan Debt?What Happens To Your Student Loans If You Pass Away? The short answer: It depends on the type of loans you have. Federal loans: Loans issued directly to a person through the U.S. Department of Education are discharged (“forgiven”) upon that person’s death, once the required documentation is submitted. Read more specifics about federal student loans at StudentAid.gov. Parent PLUS loans: As a type of...
Buying Life Insurance for the First Time? Then Read These 8 Tips
Posted: September 8, 2021
Buying Life Insurance for the First Time? Then Read These 8 TipsMaybe you just got married. Or had your first child. Or started a business. Whatever the life event is, you are now buying life insurance for the first time. And that might intimidate and confuse you a little. Help ease your mind by reading the following advice for anyone who is buying life insurance for the first time. Understand who (or what) you’re protecting Major...
Does Your Life Insurance Policy Offer This Surprising Benefit?
Posted: September 1, 2021
Does Your Life Insurance Policy Offer This Surprising Benefit?Just six months after retiring from 32 years on the Richmond, Virginia, Fire Department, Len Archer got a devastating diagnosis from his doctor. He had pancreatic cancer, and he likely had only two to eight months to live. In an instant, Len, 56, and his wife, Paula, went from planning their retirement to preparing for what appeared to be the inevitable. At the urging of...
The Five Types of Insurance Every College Student Needs
Posted: July 16, 2021
The Five Types of Insurance Every College Student NeedsParents face many challenges in preparing a child for college. The process generally starts in the junior year, including monitoring grades, applying for scholarships and grants, and visiting various college campuses. The focus on college can become an all-consuming task. Once a college is chosen, and your child is accepted, a new set of challenges arises. One neglected area to add to the college "to-do"...
Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?
Posted: December 13, 2019
Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?Life insurance is offered by some employers as part of their group benefits package. Usually, the employer pays for most or all of the premiums. Companies are not required to provide life insurance for their employees. When they do, it is a nice benefit, and you should take advantage of it. If you already have an individual life insurance policy, that is ideal, as group...