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death

Can you depend on crowdfunding for funeral costs?

By agent, burden, costs, crowdfunding, death, dependent, die, donate, expenses, final, financial, generosity, healthy, independent, Insurance, life, Life Insurance, LIMRA, loved, policy, stability, survivor, sympathy, unforeseen, young
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It’s an all-too-common occurrence: A family loses a loved one unexpectedly and is forced to appeal for help to cover expenses. Many of us have seen the memorials on social media, the crowdfunding websites or the donation bins at a local store for a family dealing with an unexpected loss. In many cases, the family must reveal personal details – forfeiting privacy – just to get the help they need.

The post Can you depend on crowdfunding for funeral costs? appeared first on The Cincinnati Insurance Companies blog.

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Term vs. permanent life insurance: Which is right for you?

By agent, automatic, beneficiary, benefit, cash, convertible, death, holder, independent, Insurance, life, Life Insurance, loan, owner, paid-up, permanent, policy, premium, return, temporary, term, universal, value, whole, withdrawal
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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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When things change, review your life insurance beneficiary

By adoption, agent, annulment, baby, beneficiaries, beneficiary, benefit, birth, business, claim, death, dissolution, divorce, estate, financial, independent, Insurance, life, Life Insurance, marriage, plan, policy, protect, security, succession, trust, trustee, will
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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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When things change, review your life insurance beneficiary

By adoption, agent, annulment, baby, beneficiaries, beneficiary, benefit, birth, business, claim, death, dissolution, divorce, estate, financial, independent, Insurance, life, Life Insurance, marriage, plan, policy, protect, security, succession, trust, trustee, will
life-insurance-change-beneficiary

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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Helpful tips to locate a life insurance policy

By active, agent, annuity, association, beneficiary, box, cabinet, contract, cover, coverage, death, department, deposit, files, filing, fraternal, group, independent, Insurance, life, Life Insurance, locate, locator, loss, NAIC, organization, policy, privacy, return, safe, state, tax, union
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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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