A beneficiary is an individual, institution, trustee, or estate which receives or may become eligible to receive benefits under a will or insurance policy, retirement plan, trust, annuity or other type of contract. The entire point of naming a beneficiary is to ensure that your assets go where you want them to when you die. So whether you want to leave the proceeds from your life insurance policy to your family, surviving spouse, charity, or a trust, or you're wanting to ens

Life insurance has played a key role in either the creation or survival of some of the most iconic American institutions that we all know. If it wasn't for life insurance, many of us would have never experienced the magical world that we all loved and grew up to take our own kids to, a man's personal struggles during the Great Depression would have prevented a major store chain from coming into existence, and the golden arches would have served a few hundred thousand people

Small businesses are the backbone of our economy. As a small business owner, you know how important your business is not only to you and your family, but also to your employees and your community. It's more than just your family that counts on your business to continue operating. That's why including protection into your business plan is one of the most important things you can do. Life insurance can help protect you and your partners in a variety of ways, and help ensure

Looking to buy life insurance for the first time? If so, you're probably asking yourself questions, such as "How much do I need?" "What's the difference between all the different types of policies out there?" and "Which companies are the best to work with?" There's no question that buying life insurance for the first time, like any other new experience, can be more than a little overwhelming. But it doesn't have to be. Why does having the right agent in your corner make

When you think of life insurance, what usually comes to mind is the death benefit -- the amount of money that is paid out to the beneficiary when someone dies. While the death benefit is the main reason most people buy life insurance, it definitely isn't the only thing it's capable of. If you get the right type of life insurance, it can provide numerous "living benefits" that you can take advantage of throughout your lifetime. (Side note: there are two main types of life i

Most people are unaware of the sheer power and benefits that life insurance products are capable of. There are reasons why the top 1%, banks, and businesses have utilized these products for over a century. These powerhouse products have many problem-solving capabilities and benefits that you can take advantage of throughout your life. 1. It's a part of every strong financial plan We all know that we should have an emergency savings, and put money away for retirement. But

Time's have changed and women are redefining their roles at work and at home with more options than ever before. Women are achieving unprecedented levels of work-life balance and financial independence, and from a fellow woman, it's about time! But there's one glaring piece that is missing in many financial plans. When thinking about what we need to do to protect ourselves financially, there are certain things that immediately come to mind that we all think of like health,

When you are a small business owner, your family members aren't the only people depending on you. You have employees, partners, and all of their families that would be significantly affected if something should happen to you. Not to mention that the company that you have worked so hard to build could be destroyed. In a nut shell, that's the short explanation of why a small business owner needs life insurance. But there's a lot more to know, so let's go over the main points.