Types of Life Insurance Life insurance typically comes in two forms, depending on the desired length of coverage: term life insurance or whole life insurance. Other forms include: Yearly renewable term life insurance that covers a single year, but can be renewed without evidence of insurability; and Universal life insurance, a type of whole life […]
Collecting From Life Insurance Before Death If you are having trouble paying bills, there are ways to use your life insurance policy to help. Some require planning ahead, while others can only be used under certain conditions. Whole life or universal life insurance policies have cash values that can be withdrawn or borrowed from if […]
Getting Additional Life Insurance Keeping Your Coverage When You Can’t Pay Your Life Insurance Premium Why Death Benefits May Be Withheld If a term life insurance policy is about to expire, you may be able to renew it for an additional period or convert it to a whole life policy. If not, there may be […]
Adding Riders Many companies allow you to customize any type of life insurance with riders or added clauses to include additional benefits or payouts under specific circumstances. Some policies may include features of these riders as part of the policy. Any other rider you want will need to be added and will increase your premiums. […]
Insurance When You Have a Terminal Illness Updated: August 30, 2023 Other than life and health insurance, there are other forms of insurance to investigate that may provide additional financial assistance for care and other expenses. Unlike health and life insurance that will almost always get used, this is ‘what if’ insurance and may never […]
Online Shopping Sites Online shopping is any form of commerce that allows users to make purchases from a browser, often with shipping and billing information. Make sure you look for, find, and cancel all the online purchasing sites. Look for notifications for receipts, delivery confirmations, and advertisements in your loved one’s email and bills from […]
Online Subscriptions Most publications are available online. Your loved one may have several subscriptions despite the absence of a printed magazine or newspaper. The subscriptions are usually accessed through their email. Many of these publications offer an automatic renewal feature that makes it necessary for you to identify and cancel them. Although some publications are […]
Dating Sites Used by Seniors If your loved one was using dating/connection sites, it is better to close down their account. Most of these sites charge a fee, which may be automatically renewed. In addition, it will stop all the notifications and requests that may continue to come if you don’t. When you know your […]
Job Search Sites/Cloud Storage Services Job Search Sites Job search sites are a common way to look for employment. If your loved one used these services, it is better to close down their account. These sites usually have an enhanced option for a fee that may automatically renew. In addition, you will stop all the […]
Email Accounts Providing an email or webmail address seems to be necessary for everything and the vast majority of people have at least one of these accounts. An Email account is a software application you install onto your computer to manage, send, and receive mail. Although Email interacts with a remote server that transfers correspondence, […]
