It is recommended that you get life insurance when you are younger and healthy to safeguard your family’s financial situation in case something happens to you. However, if you should suffer from a critical illness, getting a life insurance policy is still possible, although it will be more expensive compared to when you were healthier. What is Critical Illness? This is an illness that is considered life-threatening either in the short or long term. Several…
On the surface, buying life insurance may seem like a straightforward proposition. You purchase insurance that provides monetary benefits to your spouse, child, or loved one in case you pass away unexpectedly. However, several mistakes can be made which may put you or the beneficiary in a less-than-ideal situation. What follows are the top five most common mistakes that people make when purchasing a life insurance policy. Choosing a Policy Based only on Price A…