What is Key Person Life Insurance

Key person life insurance is a type of life insurance usually meant to provide cover for the most important person in a business organization. A key person might be a business owner, partner, or key employees whose death might severely affect the operations of a business. Unlike regular life insurance, key person life insurance policy lists the business as the beneficiary. How does a key...Read More

What are Life Insurance Settlement Options

Life insurance settlement options refer to the manner in which your loved ones will be paid your death benefits in the event of your death. Normally, most people would prefer to receive the death benefits at once from their life insurance company. On the other hand, some individuals prefer other settlement options which are given as follows: Interest income option This option allows your life...Read More

How life Insurance Works in a Divorce

If you are going through a divorce, you might be wondering about what will happen to your life insurance policy. Hopefully, by the end of this article, you should have an idea of how your life insurance works in a divorce. It changes your life insurance beneficiary Generally, most married persons list their partner as the major beneficiary of their life insurance plan. However, in...Read More

Tips for Finding out If You Are a Beneficiary of a Life Insurance Policy

If any of your parents, family members or spouse dies, there might be a possibility that they took out a life insurance policy while alive. There could also be another possibility that you are the sole beneficiary or one of the beneficiaries of that insurance plan. So how do you find out if you are a beneficiary of their insurance policy? Search documents for clues...Read More

How to Select the Beneficiary of Your Life Insurance Policy

As an intending policyholder with a life insurance company, you would be expected to select a beneficiary for your life insurance policy. In simple terms, your beneficiary is the individual who will receive your death benefit when you are no more. Here are some tips to help you select a beneficiary. Pick your preferred class of beneficiaries There are two classes of beneficiaries in life...Read More