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Law & Legal
  1. How to Qualify for a Medicaid Waiver
  2. Six Reasons Someone May Be Placed Under a Guardianship
  3. What Can Be Included in a Will?
  4. How Much Should You Put as a Down Payment on a House?
  5. 3 Assets That Can Fund a Trust
  6. Why You Should Have a Life Insurance Policy
  7. Is Real Estate a Good Financial Investment?
  8. S-Corp vs. C-Corp
  9. 5 Reasons Someone Might Disinherit a Child
  10. Benefits of a Testamentary Trust
  11. Steps on How to Sign Up for Life Insurance
  12. What is the Estate Administration Process?
  13. What Types of Government Benefits are Available for the Elderly?
  14. What is the Job of an Executor?
  15. What is a Simple Estate Plan?
  16. Why You Should Have a Will
  17. 3 Things You Need to Prepare Your Taxes
  18. Tips for Planning an Estate
  19. What is Electronic Notarization?
  20. Are There Requirements to Qualify for Medicaid Home Care?
  21. 3 Benefits of Tax Planning
  22. 3 Things to Know About Retirement Planning
  23. How Does Mental Illness Impact Your Estate Planning Process?
  24. What is a Lawsuit for Wrongful Death?
  25. What is The Tax Code?
  26. Guide to Become a Tax Advisor
  27. Does My Parents' Divorcing Impact My Inheritance?
  28. Guide to Understand When You Should and Shouldn't Buy a Home
  29. 3 Things a CPA Can Help With
  30. Tips to Maximize Your Tax Refund
  31. 3 Reasons You Should Have a Tax Accountant on Retainer
  32. Do Self-Employed Individuals Get Taxed Differently?
  33. What are Unclaimed Funds?
  34. 4 Things to Know About Surrogate's Court
  35. 3 Reasons Having Advance Directives is Important
  36. What are Estate Taxes?
  37. What is The Estate-Tax Exemption?
  38. Who Has to File Taxes?
  39. 3 Reasons You Should Have a Trust Protector
  40. Understanding Spousal Impoverishment
  41. Who Files Taxes For Businesses?
  42. Should I File My Taxes Using Turbo Tax?
  43. 3 Ways to Protect Against Financial Exploitation
  44. Who Qualifies for a Special Needs Trust?
  45. Guide on How to Write Off Business Expenses When Doing Your Taxes
  46. 3 Things Every Small Business Should Know
  47. Why Updating Your Will is Important
  48. What is the Probate Journey?
  49. What Happens if I Don't File My Taxes?
  50. Tax Accountant vs CPA
Steps on How to Sign Up for Life Insurance {{ currentPage ? currentPage.title : "" }}

Life insurance may not be the most exciting thing to think about, but if you have a family that you want to support after you’re gone, life insurance is a must. Most life insurance policies provide a cash benefit to your dependents after you die, and some whole-life policies also build value and may serve as an investment for the future.

If you’ve never considered signing up for life insurance before, below are some simple steps to take:

Determine Your Beneficiaries

The beneficiary of a life insurance policy is the person or entity that will be able to claim life insurance benefits in the event of your passing. To claim life insurance benefits, a beneficiary has to be listed on your policy, meaning a verbal promise from you to a loved one will not suffice to ensure your loved one receives funds after you die.

You can have multiple beneficiaries on a life insurance policy, and your policy will list how benefits are to be split. You can designate a certain percentage to one beneficiary while designating a different percentage to another beneficiary. Secure your family's future today. Visit this website and claim your life insurance now.

Term Life or Whole Life?

You also want to think about whether you want to purchase term life insurance or whole life insurance. A term policy provides coverage for a specified period of time. During this time, your policy rate will not change, but your benefits run out at the end of the term. You must renew your policy at the end of the term according to whatever price you are quoted at that time.

Whole life is generally more expensive, but it provides cash value. When you pay into a whole life policy, you may be able to take out a loan against the policy in the future, but you don’t need to pay it back since it’s your money. The value is simply subtracted from what you have paid in, and this will affect what is paid out when you die.

Work With an Agent

A licensed life insurance agent is someone who can sell you a policy. These professionals are usually employed by life insurance companies, but you can also work with independent insurance agents who can shop for policies from different providers. If you work with an agent who is employed by a life insurance provider, you will likely only be offered plans from that provider, but an independent insurance broker may be able to supply you with expanded options.

Author Resource:-

Mark writes often about estate planning. His articles may include topics like real estate closing attorney and business succession laws to help the people in needs. You can find his thoughts at estate planning tips blog.

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