Individual Life Even if you already have life insurance through your employer, you may be underinsured. If you’d like the security of knowing that you have enough life insurance coverage in place, we can work with you to ensure that there aren’t any gaps in your current coverage. If others depend on you for financial support, part of your financial plan should include how you will provide for them in the event of your death. Purchasing a life insurance policy is a safety net that ensures your loved ones’ future financial obligations are met, covering items such as funeral costs, outstanding debt, estate taxes and everyday living expenses. If you are married, it’s important for both spouses...
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Fort Scott, Kansas Individual Life Insurance Deciding on the right Kansas Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price. Individual Life Insurance can be important for: A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value. Final expenses - using life insurance to pay for funeral and burial expenses. Income...
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Individual Life Insurance in Janesville and Beloit, WI Reassurance for you and your Loved Ones. Wright Insurance Group provides life insurance to individuals in Beloit, Janesville, South Beloit, Roscoe, Clinton, Rockton, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education...
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Life insurance is a significant consideration when looking to secure the financial future of the people you love and those that depend on you. However, it often gets confusing when you have to choose between group life and individual life coverage. Some people may tell you that you only need one and others may recommend both. So, what should you do? Before making any rash decision, it’s essential to know what each of the life insurance coverage represents. Let’s get started. What is Individual Life Insurance? Individual life insurance refers to a policy that you own and one that you can take into your retirement. It requires you to pay age-based premiums that are initially...
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In its basic sense, life insurance is a contract between an insurance company and an insured person that is designed to provide money if the insured person passes away. Individual life insurance policies are meant to protect the life of a specific individual. There are three entities involved in an individual life insurance policy – the owner, the insured, and the beneficiary. The owner of an individual life insurance policy is the one who has the rights that are stipulated in the contract. Oftentimes, the owner of an individual life insurance policy is also the insured, but this is not always the case. The insured is the person whose death causes the insurance company to pay the death...
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As more Singaporeans flock back home from overseas countries, the number of COVID-19 cases in Singapore continue to rise. What happens if you really do get tested positive for COVID-19? Here’s a look at what the government and insurance companies are covering. No one could have anticipated this pandemic to take over our normal routines in 2020. As the Coronavirus outbreak continues to affect more countries globally with little signs of slowing down, countries are closing their borders to foreigners and also deterring their own citizens from travelling out of the country. We previously looked at whether your travel insurance will cover COVID-19 and also shared 10 things you can do with your...
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