Showing 20 results for "Insurance Basics" Clear results

How Does Term Life Insurance Work?

Insurance can seem complicated, but we’re here to make it easy.  In short, you pay an insurance company a set amount of money each month for an agreed upon amount of time. That’s the “term” in term life policy. Bestow sells term life insurance for 2, 10 & 20 year terms. If you pass away

What Is a Contingent Beneficiary?

Life insurance can be overwhelming. What’s the difference between this plan and that? What’s a contingent beneficiary? The number of questions and strange terms thrown at you is simply overwhelming. Breathe — we can figure this out together.

AD&D vs. Life Insurance (vs. Disability Insurance)

If you’ve ever watched an episode of the show 9-1-1, the fast pace and drama make for some great — and exciting — television. As you’re watching first responders perform the seemingly impossible under the most stressful conditions, the last thing you’re probably thinking about is insurance. In reality, you probably have your hand over

Life Insurance and Taxes

If you are the policyholder or the beneficiary in a life insurance policy, you’ve probably at one point have asked, Do I have to pay taxes on my life insurance? Those words alone can easily make your head hurt, and putting them together seems downright unreasonable. But, there is a very straightforward answer to this

Choosing Term Length For Life Insurance

Hung up on which term length to choose for your life insurance policy? Term life insurance is a popular form of life insurance because it’s affordable and often easy to get. Unlike whole life insurance, term life is temporary. However, you do get to choose how long your insurance lasts by deciding on a term

Group Life Insurance After Leaving Your Job

If your employer offers life insurance through a group policy, signing up may seem like a no-brainer. Group life insurance has its pros and cons. It’s great because every employee is guaranteed a basic amount of term life coverage, but a big downside is that you can’t take it with you when you leave your

Should You Buy Life Insurance Online?

If you want to buy life insurance online, there are several factors to consider. Life insurance is an important part of everyone’s financial planning tool belt. It serves as protection for your family and dependents should you pass away. For many people who don’t buy life insurance online, the purchasing process can be difficult and

What Can Life Insurance Pay For?

No doubt protecting your family financially is high on your priority list. Taking out a life insurance policy helps your beneficiaries pay necessary expenses such as a mortgage and other types of debt. Yes, life insurance can cover these huge expenses, but don’t forget the little things, too. What Does Life Insurance Cover? Life insurance is

Life Insurance After Divorce

Divorces can be tough. While things can seem like they’re falling apart, there’s also the opportunity to rebuild and protect your family’s financial future. As you consider the potential need for alimony, child support payments, and dividing up assets, you also need to think about life insurance. 88% of Americans agree that long-term financial prosperity

5 Reasons Why Buying Life Insurance in Your Twenties is a Good Idea

When you’re in your twenties, it’s easy to feel invincible. You’re young and healthy, so why would you need life insurance? Even if you don’t think you need it right now, you might be surprised at the number of reasons why buying life insurance in your twenties is a good idea. 1. Lock in a

Insurance Company Ratings Explained: What You Need to Know

Insurance might be one of the more serious purchases of your life, but buying it isn’t much more different than buying a car or choosing which restaurant to eat at (even if it’s less glamorous than either). That means doing some research before signing on the dotted line, of course. While comparing insurance companies, you’re

Term Life vs. Whole Life: Which One’s Best for You?

Take a moment and think about where you are in your life right now, both financially and how far along you are toward your life goals. Whether or not you currently have life insurance, your insurance needs are probably different right now compared to 20 years down the line, right? Life changes quickly, especially if

5 Reasons to Buy Life Insurance in Your 30s

To buy or not to buy life insurance, that is the question on every 30-something’s mind. Right? Ok, maybe we exaggerated a wee bit. But to be fair, lots of 30-year-olds do consider buying life insurance. Life changes — like buying a home, getting married, starting a family, moving up the career ladder — are

Life Insurance Payouts: How Do Beneficiaries Get Paid?

Need to file a claim with Bestow? Get started here. The answer to your most frequently asked question: How do my loved ones get the life insurance payout if I die? We talk to a lot of people about life insurance. And a question we get a lot is, how does the death benefit work

How Much Life Insurance Do You Need?

Unless you’ve amassed sizable assets and savings that can support your family when you’re no longer around (if that’s you, kudos!), you need life insurance. You’re probably nodding your head in agreement. You’ve no doubt heard about the benefits of life insurance and understand the need for it, but there’s one question that often stops

Life Insurance Beneficiaries: How to Protect Your Loved Ones

Life insurance is probably at the top of the list of uncomfortable topics to think about. So talking about it with your loved ones? That is a conversation most people want to avoid. Life insurance and beneficiaries go hand in hand. If you’re like most Americans, you probably don’t start thinking about life insurance until

Life Insurance Underwriting: What Factors Determine Risk?

Let’s talk about you. If you’re even just the tiniest bit familiar with insurance, you probably know that there are certain factors that may impact how much you pay for coverage. This is true for all types of insurance — car, homeowners, business, and more. For life insurance though, it seems extra personal. Insurance companies

What is No Medical Exam Life Insurance?

If 62% of Americans don’t want a medical exam to get life insurance, then why do 99% of insurance companies require it? The insurance industry is not just old, it’s centuries old. In fact, the first life insurance policies in the U.S. were written in the 18th century. Obviously, we didn’t have the technology then

Term Life Insurance: The 101 and More

Life insurance, the ultimate adulting to-do (and the motive behind many investigations in our favorite true crime podcasts). While we all get it’s important to have, few of us actually buy our own individual policy for various reasons. But did you know that term life insurance is actually the simplest and least expensive of all

Group Life Insurance Through Work: Is It Enough?

If your employer offers life insurance, it’s easy to check the box and assume you’re good to go. But are you? There are lots of pros to group life insurance plans. Often they’re inexpensive—some employers even cover 100% of the premium. After the open enrollment period ends, you probably won’t think of life insurance again. That is,