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How to Change My Life Insurance Beneficiary

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If you are looking to provide for your family members, loved ones, or even business partners after your death, then you may be considering establishing this financial support for them through life insurance coverage. In order to effectively do this, there are crucial tasks that must be completed correctly. Otherwise, you risk adding to the …

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Life Insurance With No Beneficiary

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One of the primary components of establishing a life insurance policy is appointing at least one primary beneficiary to receive the death benefit following your passing. While this is highly recommended, it’s not mandatory that you appoint a specific person. You should keep in mind that the typical reason people invest in a life insurance …

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LIFE INSURANCE POLICY OWNER VS BENEFICIARY

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Life insurance can be an advantageous yet confusing process. If understood and done properly, life insurance can provide financial security for you and your loved ones. In order to ensure this, you must first understand life insurance ownership in comparison to beneficiaries, policy owners, and insureds. First, let’s consider the general difference between the owner …

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WHAT IS A PARTICIPATING LIFE INSURANCE POLICY

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Looking for a life insurance policy that also offers some investment options? Then participating life insurance plans policy should be considered. A participating life insurance policy is a type of policy that receives dividend payments or a monetary distribution of the earnings from the life insurance company. It is called participating because the life insurance …

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How Life Insurance Effects Social Security Benefits

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Retirement benefits through the Social Security Administration or SSA, which can be received beginning at the age 62, are not impacted by your life insurance. Since you put a portion of your paycheck toward Social Security benefits while you were working, you are entitled to them regardless of your overall financial resources. The amount of …

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PARTICIPATING VS NON PARTICIPATING LIFE INSURANCE

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Having the security of receiving a death benefit from a life insurance policy helps to know that there will be financial assistance for those we love if we were to pass away unexpectedly. When looking into obtaining coverage, there are two different types of life insurance to choose from: Participating and Non-Participating. Most of the …

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