No rule says someone can’t have more than one life insurance policy from different companies – and there are good reasons people often do. Multiple life insurance policies can help with proper estate planning, navigate coverage gaps and help people meet specific...
Common signs of a life insurance fraud
Life insurance serves as a safeguarding financial tool for individuals and their beneficiaries, ensuring protection in the event of the insured's passing. Unfortunately, it is also a target for fraudulent activities due to the significant payouts involved. One of the...
3 things to know about filing for life insurance benefits
When a loved one passes away, there are a lot of things that those who were close with them have to take care of. What some individuals might not realize is that even dealing with a life insurance policy isn’t always easy. Still, it’s necessary so that funeral costs...
How to make a life insurance claim in Colorado
Life insurance is an essential financial resource that can provide peace of mind and financial security to your loved ones in the event of your passing. This contract between the policyholder and the insurance company allows the policyholder to pay regular premiums....
Are accidental death and dismemberment policies worth the cost?
It seems like everybody is looking for ways to cut their expenses these days – but should you really consider sacrificing your accidental death and dismemberment (AD&D) policy? AD&D policies are often purchased as riders to other policies, including life...
My life insurance claim has been denied. What are my options?
Losing a loved one is one of the most difficult experiences that anyone can face in life. While grieving such a loss, you might learn that your loved one named you as a beneficiary of their life insurance coverage. If your loved one faithfully paid their insurance...
Are AD&D policies from the bank worth it?
It seems like every other month you get the same notice in the mail from your bank or credit union: A free offer of a $1,000 accidental death and dismemberment (AD&D) policy – just in appreciation for being their customer! All you need to do is sign the form they...
The cause of death matters in life insurance claims
When you take out a life insurance policy, you expect your beneficiaries to receive a payout upon your death. However, it is not guaranteed. The cause of death of the policyholder is a crucial consideration. It could determine whether or not the beneficiaries will...
What you should know if your loved one had AD&D coverage
One type of insurance coverage often offered in employer benefit packages that is sometimes confusing is accidental death and dismemberment (AD&D) insurance. People tend to focus on the dismemberment part. Actually, these policies typically cover other traumatic...
What you need to know about life insurance and high-risk jobs
Can a person’s occupation prevent them from obtaining life insurance? It can certainly make it more difficult to obtain and require higher premiums. Life insurance providers categorize certain occupations as hazardous to a person’s health and/or safety. If a person...