Many people struggle to understand annuities and wonder if they really need one or not. To help shed light on this situation, let’s look at one example. The post How annuity maximization could benefit your heirs appeared first on The Cincinnati Insurance Companies blog.
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Life doesn’t always go as planned. When you married, you did the responsible thing and purchased life insurance policies for both you and your spouse. Each of you named the other as beneficiary, ensuring that no matter who passed away first, the survivor would be taken care of. At least, that was the plan. The post Expect the unexpected: Name a contingent <br>beneficiary on your life insurance policy appeared first on The Cincinnati Insurance Companies blog.
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The biggest question to answer when purchasing life insurance is whether you need a term or permanent policy. Each type has advantages and limitations. To make the right decision, you should know and understand your options. The post Term vs. permanent life insurance: Which is right for you? appeared first on The Cincinnati Insurance Companies blog.
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You name a beneficiary when you purchase a life insurance policy. This designation lets the insurance company know who should receive the proceeds of the policy. Keeping your beneficiary designation current is key to ensuring your life insurance benefits are paid as you desire. By not updating your beneficiary designation, your benefits may go to your estate instead of to those who need it the most. The post When things change, review your life insurance beneficiary appeared first on The Cincinnati Insurance Companies blog.
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You name a beneficiary when you purchase a life insurance policy. This designation lets the insurance company know who should receive the proceeds of the policy. Keeping your beneficiary designation current is key to ensuring your life insurance benefits are paid as you desire. By not updating your beneficiary designation, your benefits may go to your estate instead of to those who need it the most. The post When things change, review your life insurance beneficiary appeared first on The Cincinnati Insurance Companies blog.
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After the loss of a loved one, it can be a challenge to locate a life insurance policy … or even know if one exists. After all, it may have been issued 40 to 50 years ago. Here are tips to help find out if your loved one had an active life insurance policy or annuity contract. The post Helpful tips to locate a life insurance policy appeared first on The Cincinnati Insurance Companies blog.
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